Naira Won't Make You RICH

This is another good rant from me. I have been actively advocating about crypto money recently and people just think am crazy about the technology or because i am a computer scientist then my love for tech is catching up with me. NO! that isn't my reason. I am just angry with the state of our finance and economy in this country Nigeria. Most folks are not educated enough to know that our Naira is built on debt and so keeping it won't make you rich but will turnout to make you poor the more.

A lot of us need to know that the money in our bank is not going to make you financially free. It is bondage. The banks keeps your money with zero to no interest rate and they burrow out your own hard earned money with high return. I have laughed at a lot of people who think SAVING NAIRA will make them the Robert or Donald Trump of our time. They say stuffs like; it is not how much money you make but how much money you SAVE! i reply most time if you save FIAT you are doing your self a big disservice.

For those who don't know let me school you  about our Naira.

Most of the money in our hands are created by banks when they make loan the only way to get extra money into the country is to burrow it from bank and this is keeping us into trapped holes and unknown debts. 

Eh? Yes ke my brother. The Naira in your pocket isn't positive at all it is black money. 

THE HITCH

When you take out mortgage, new money is created.  the only way money pumps into the economy is through loans. so as the debts goes up so the amount of money. Those debt gives people the impression that everything is fine in the country. I know me and my friend will see people at the bar, sport house, clubs and expensive fast food joint and we will say "no one should tell us there isn't money in this country" yes there is money but those money are debts with a disguise of wealth. 

the more money you have in your bank account the more debt in the country. what i am saying is this if you have 1 million Naira in your bank now someone somewhere else must be 1 million in debt. why?

Because there is no way that you can have that money in your bank account without someone burrowing it from the bank? do you get it now? i know you will. this is just how money flows. This is how the world system is built on. The FED made this so.

MORE MONEY MORE DEBT

Presently Nigeria is in serious recession and the only way out of this is through debt. this is why the government is interested in giving out loans to different SME. If you compare the way the past president got loan and the way the present president cut down loan you will understand better. Goodluck Jonathan had a deficit of 7 Trillion Naira according to Sahara report  as i am writing this the present government will be burrowing more money to settle out our past loan and this is how we will continue. One will burrow another will burrow to cut down the other one debt and we the masses will suffer so much. there is no hope in keeping that naira in your bank. Presently i have just 200 naira in my GTBANK account and whenever i need money i just sell off dash for that particular reason. My sisters and friends now burrow and get gift from me only in DASH i will always tell you i don't  keep FIAT. 

PAYING OFF DEBT WILL INCREASE RECESSION

When you pay off your debt the money doesn't go to anyone account - it just dissapears. this is because loan repayment is just the opposite of how money is created. I laugh when i read all this news of repaying past loans and how that will help the economy. Come on, nothing will help the world economy than LOAN this is how the system is built and Nigeria will suffer more of this. Banks create money when they give out loans and they distroy money when they repay loan.

It is impossible to reduce our debt without causing serious recession. Everyone can only payoff their debt by using money that was created when someone went into debt. 

HOW THEN WILL I BE FINANCIALLY FREE?

By taking off all those money in your bank and converting it into high volume crypto currency and i will only recommend DASH and BITCOIN. 

HOW IS THIS CRYPTO MONEY CREATED?

crypto currency are created by a free market. What is free market? Free market is an idealized system in which the prices of goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are fee from any intervention by a government, price setting monopoly, or other authority.