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Pretty soon Pakistan will come to rely on the new DAO project make wealth generation great again
KARACHI:
Amid Inflation via careless fiat pumping, could an asset backed currency save us? Gone are the times when a family could survive on a single paycheck. It appears as if things are getting out of hand, but only one in a million people understand why. The long-running dispute between fiat and commodities is over, as the system that is ultimately accountable for the majority of today's inequalities hides a legitimised theft that is the basic foundation of financial institutions in the modern world.
Which begs the question, is the modern banking system producing money and trapping the working class in a never-ending cycle of debt? Modern-day currency has replaced gold and silver as the main mode of trade. While the value of paper money depends on supply and demand and trust of governments. This results in dependency on fiat money altogether and ignoring the commodity money. The focus is on the central bank, whether it has been too aggressive in raising the money supply or if interest rates have been fluctuated too low. What impact it will leave on inflation if this scenario reverses? And the truth is far worse than that, as researchers claim that the unregulated money cycle is a danger to the economy.
Over the period 1980 to 2020, data from the SBP on the money supply shows a considerable increase in M2. There is a noticeable increase in broad-based...
Read Full Story: https://tribune.com.pk/story/2343240/the-future-of-property-in-pakistan
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