Illusion of Scarcity

One of the main aspects that makes fiat-money valuable, which has become painstakingly clear during this crisis, is the illusion of scarcity.Even though, the central banks could print enough money to feed the hungry and house the homeless tomorrow, they will never do it. Instead, they create endless amounts of new money as QE, to increase the wealth of the already wealthy, or as bailouts to bail them out when they have caused yet another crisis by inflating the financial debt bubble to its limits.They do it in this way, because keeping the poor in a state of perpetuated debt slavery, creates an illusion of scarcity of money. Because for the masses the money is still scarce. This illusion of scarcity of that money is amplified with the fact that the money is created as debt and there will never be enough to pay it back. The masses have to fight among each other in order to pay back their debts.Without this illusion fiat money would become worthless almost instantly.Hopefully people will now use this opportunity to see through these screens of smoke and free themselves from this illusion.Bitcoin does not suffer from this problem, as it is actually scarce by design. Luckily BCH still functions as an alternative to fiat, as peer-to-peer cash, or in short as money, like bitcoin was always meant to function.

Submitted April 24, 2020 at 08:20PM