For many years the banks, especially the central banks of every nation have fooled its people.
The banks work in an anarchic manner. They do as they please and that makes the whole nation not very pleased. For many years there was this unchallenged anarchy in the financial world.
The big bubbles that pop out after every couple of years, the countries with hyper inflation where 10,000,000 pence of their currency does not even equal to 1 dollar, the economies with debased plastic coins, more funds issued than owned, bankruptcy after bankruptcy and illiquid lock-downs, all of these are directly related to the centralization of the bank problem.
The banks were shamelessly responsible for acts they did not take any responsibility for, and the governments did things in an even scary manner, it bailed them out, not once, but in multiple times in history, in multiple places. This went on for financial disaster after another until the last 2008 crisis came.
Just like the 180-year-old bankrupted bank, the government had no other option but to bailout all other banks with a staggering $800 Billion fund. That is a lot of money!
Well yes, governments rescue its people, but should they when it warrants the repetition of the same mistake and when it opens people to scam and vulnerability one more time.
All of this, for the banks fraudulent activities, greed and excess to continue?
Yes, most banks slipped again while leveraging on the trust of the people without any guilt until yet another future scam would be created. Because, you can not control a giant that feeds on its own people’s money. The government would fall prey and it would be tax payer money that funded the bail outs and the repercussions were absent.
The problem is that the central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Who the f*ck won’t, banks love to mint money and they mint it when the govt is not looking, why wouldn’t this happen when the govt will willfully close its eyes to this.
This had to be challenged and the well timed Bitcoin talk emerged. This means banks can be kicked out, or kept, but at least there is another option, the banks can be replaced or disciplined, the government can decide the rules and the system could be flawless, while we are far away from that and currently stuck into a hate bubble, there is little movement and more speculation.
But, the bank funded mouthpieces will not tell you the truth, because the truth is anti-money for them.