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RE: CENTRAL BANKS prints money like THERE IS NO TOMORROW! Is there any other option other than to join that madness?

in Project HOPE4 years ago
Greetings my friend @crypto.piotr

I will start my contribution by making it clear that I am not, nor do I pretend to be, a specialist in financial economics. However, as a citizen of one of the nations with a declining economy, I would like to express that the abrupt impression of money, is nothing more than the economic fall of a nation, where the high governments only seek to gain time that allows them to take a step not so hasty to face the current economic and sanitary collapse that we are living and where we the citizens will be the most hit by such hasty decisions.

In the case of the United States, we all know that it is a power from different perspectives and it has been that way since I have been able to find out. Now, the economy of this country is based on what? where does the sustained value of the dollar come from? if apparently from my opinion it is only paper since I do not see a support from it.

I establish these questions since in my country Venezuela our economy is supported by the nation's wealth (oil, gold, gas, that is, natural resources) and even so we live in prehistoric times. Without a doubt it is an abstract subject and I will be reading each contribution with the purpose of expanding my perception of it. Thank you for your contribution
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I read this post with a lot of interest. I am sorry that there is this situation in Venezuela. Thanks for your testimony, thanks for sharing your experience. Now I know something about Venezuela that I didn't know before.

 4 years ago 

Dear @madridbg

Thank you for your amazing comment.

Now, the economy of this country is based on what? where does the sustained value of the dollar come from? if apparently from my opinion it is only paper since I do not see a support from it.

Well. US controls oil trade and is enforcing all countries to use USD to trade oil. Which is forcing countries to consider USD to be a world reserve currency.

That surely will come to an end one day