/biz/ - Business & Finance

>>12257342
>there was always more mined and minted
because more gold was mined, but it was kept at a certain rate since it's very difficult to mine gold. On the other hand, printing money backed by nothing is extremely easy and so there is nothing to keep it at a certain rate. So of course even things like Bitcoin and gold have an inflation rate, but it's nothing compared to something like fiat currency which can be produced at a whim.

Is central banking, fiat money, and fractional-reserve banking the greatest ponzi scheme of all time /biz/? I can't believe the Keynesians have managed to convince the entire population that it is somehow morally okay to give a privileged group of people (bankers) the authority to literally create money out of thin air without any reprecussions with the implicit support of the state through the lender of last resort facility.

How the fuck does this still exist in 2018 and why is no one talking about it?

is there any legit full-reserve bank anyway ?

I got a job offer from a BANK and was interviewed by the VICE PRESIDENT and signed the contract and went for the health checkup and am waiting for HR (HUMAN RESOURCES) to get back to me.
How long does a background check take? It's been 5 working days.
I'll be doing loan processing and documentation.

>>10097782
The banks that are partnered with Ripple are using xCurrent which does not even use the XRP token.
Also, cryptocurrency was invented in defiance of banks printing money out of thin air (fractional reserve banking) which leads to financial collapses.
I do not get why anyone that is against the current banking system would get into XRP if not to dump on normies buying it, thinking it's the next bitcoin.

How could you be a boomer and not be fantastically rich from the extra $20 trillion created in your life out of thin air?

And will our kids be asking the same question about our generation and crypto?