That's right, the dollar is a DEBT INSTRUMENT!
What the hell does that mean? Well in essence it is a receipt for debt owed, not an asset backed monetary instrument. I know it's a hard concept to wrap your head around, but it's true, every dollar bill represents DEBT NOT ASSETS!
Once upon a time money was backed by gold and then the federal reserve came around and gave us this centrally controlled money supply that is used in the extreme to manipulate the world economy. We inflate the money supply to devalue the debt we owe to China for example. The last ten years have seen round after round of quantitative easing which is just a fancy way of saying they just created a whole bunch dollars, inflating the money supply. This is bad in general for me and you! Take a look around, I don't know where you live but from what I've seen, most of rural America is in a full on depression. So many people are out of work and desperate, many living in cars ( just go to any walmart, you'll see them there) It's sad and seems to get worse every year. If you're making money and comfortable you should be thankful, for many aren't.
There is light on the horizon though and that's why I'm completely on the crypto bandwagon, I hope we can pull ourselves out of this mess and I believe we will, and when that time comes cryptocurrencies will be what we use as a means of exchange and steemit is a huge piece of that puzzle!
Stay positive and buy steem, buy bitcoin, buy ethereum and be a part of the revolution!
Thanks for reading!
Mike