#FinancialSystem

[unpluggedfinancial]

Are you ready to break free from the Matrix? 🌐🕶️

In this eye-opening video, we explore the parallels between the iconic Matrix movie and our current financial system. Just like Neo had to unplug to see the truth, we need to unplug from the conventional financial systems that keep us trapped.

🔍 What You'll Discover:

The hidden flaws in our current monetary system

How fiat currency controls and limits our financial freedom

Why Bitcoin and cryptocurrencies offer a revolutionary alternative

Practical steps to take control of your financial future

Join us as we dive deep into the history of money, the creation of the Matrix we live in, and how we can escape it by embracing financial revolution. It's time to take the red pill and see the world for what it truly is.

Don't forget to like, subscribe, and hit the notification bell to stay updated with our latest content. Let's unplug from the Matrix together and discover the power of financial freedom! 💡💰

[karl-says]

An economy based on debt, where no one owns anything, cannot stand.

[ladookhotnikov]

Decentralized exchanges as an alternative to the central bank

Imagine you have a digital wallet that you connect to a decentralized exchange. Your cryptocurrency assets are not stored on servers, but they remain with you, under your complete control.

Neither the exchange nor any government agencies can freeze or restrict access to your funds, because they simply do not have this ability.

Naturally, DEX exchanges are receiving increased interest from large holders and retailers. After all, they do not store user assets in their systems, but act only as an intermediary between market participants. This means that neither developers nor government agencies can freeze funds in user accounts or impose other restrictions.

Read more about decentralized exchanges in my article.

[farademetre]

How Would a New BRICS Currency Affect the US Dollar?

The BRICS nations are actively discussing the creation of a new reserve currency as part of efforts to decrease dependence on the US dollar and transform the global financial system.

[manoasha]

Alexander Hamilton: Founding Father Extraordinaire 🇺🇸📜

Early Life and Background: Born on January 11, 1755 (or 1757) in the Caribbean, Alexander Hamilton’s childhood was marked by adversity. Orphaned early, he showed exceptional intelligence and determination. 🌍👶 Significant Achievements: Alexander Hamilton’s impact on American history is profound. As one of the Founding Fathers, he played a key role in shaping the U.S. Constitution and establishing…

[usnewsper-politics]

Trump Opposes Digital Money: What It Means for Banks and Your Wallet #accessibility #AlanGreenspan #Bitcoin #blockchaintechnology #CBDCS #centralbankdigitalcurrency #decentralizedcurrencies #economicpolicies #efficiency #financialinstitutions #financialsystem #futureofmoney #globalfinance #governmentcontrol #governments #individualfreedom #nationaldigitalcurrency #privacy #privatebanks #Security #stateissueddigitalcurrencies

[jjbizconsult]

Hui Ka Yan: A Crushing 98% Wealth Erosion for the Resilient Founder of Struggling China Evergrande

Hui Ka Yan: A Crushing 98% Wealth Erosion for the Resilient Founder of Struggling China Evergrande. The founder of embattled China Evergrande, is no longer a billionaire. His net worth has plunged to $979 million, down from a peak of $42 billion in 2017. This is due to a combination of factors, including a slump in Evergrande’s share price and the company’s ongoing debt crisis. Evergrande is one…

[tipco613]

New Post has been published on http://cryptonewsuniverse.com/the-rigged-financial-system-how-the-common-man-is-being-left-behind/

The Rigged Financial System: How the Common Man is Being Left Behind

The Rigged Financial System: How the ‘Common Man’ is Being Left Behind

The financial system, often seen as the bedrock of our global economies, paints a picture of fairness and impartiality. It's the engine that allocates resources and propels economic growth. Yet, the more we delve into the inner workings of this vast mechanism, the more it becomes apparent that it is not as equitable as it seems. The financial system is rigged as corporations, governments, and people in power have trillions of dollars of debt they can't possibly pay back, leading to inflation and regulation that negatively affects us all.

The huge gap in the standard of living paints a concerning picture, further supporting the fact that this system is rigged to benefit a privileged few while leaving the majority to bear the brunt. In this article, we will embark on a journey through the dilemma of systemic flaws and inequities deeply ingrained in the financial system. The goal is to shine a light on the mechanisms that perpetuate this rigging and unveil its far-reaching consequences on society.

The rigged financial system is like a well-kept secret that everyone knows about. As we explore this complex issue, we aim to provide a clearer understanding of how these mechanisms work without drowning you in jargon. It's a story that affects us all, and it's time we uncover the layers of complexity and injustice that have remained in the shadows. Let's dig deeper into how this rigged financial system is leaving the common person way, way behind.

Image source: Mohawk Nation News

The Rise of Inequality

Do you ever feel like you're having a hard time keeping up with the cost of living? Well, it's not just you; the financial system is rigged, but not in the way you might think. In short, corporations, governments, and the people in power have trillions, possibly quadrillions of dollars of debt that they can't possibly pay back. They can either default and lose everything or devalue this debt through inflation and keep it under control through regulation, and to our collective detriment, they've chosen the second option.

The financial system is rigged due to debt, inflation, and manipulation by corporations and governments. Still, individuals can navigate and improve their financial situation by understanding the system and making strategic investments. The disconnect between money and currency has led to inflation and devaluation, causing financial problems for the average person who is paid in a losing currency and trying to buy valuable things. At the same time, the government manipulates the cost of borrowing money.

Opportunity is supposed to be part and parcel of everyone’s dream, right? Well, unfortunately, reality says otherwise. Buckle up because we're about to take a roller-coaster ride through the awful numbers and depressing facts. You know those heartwarming stories you occasionally hear about a poor person who made it big? Yeah, those are like finding a unicorn in a sea of whales. They're that rare. The truth is that things are getting worse on the inequality front, and not just because of uncontrollable forces like technology and globalization.

No, the most disturbing part is that the ones making it worse are the ones who are supposed to be in charge. And the grand prize for rigging the system goes to the inherited plutocracy! The very people who have benefited from the rigged system are the same ones, making it even more rigged. For instance, in the United States, in the past 40 years, the income share of the top 0.1% has more than quadrupled, while the top 1% has enjoyed an almost doubled share. Meanwhile, the bottom 90% have seen their income share decline.

Wages at the bottom have remained stagnant for about 60 years (even with inflation taken into account). It's like time froze for the working class while the elite continued to live it up. And if you thought things couldn't get worse, think again. Those with a high school education or less have actually seen their incomes fall over the past few decades, especially the poor fellas. When inequality increases, hope decreases. People start losing faith in the system, and that's when things take a dark turn.

Image source: Wikipedia

Desperation leads to increased deaths from suicide, drug overdoses, and alcohol-related causes. Now you can see why we must discuss this rigged financial system. It's true; markets don't exist in a vacuum. Rules and regulations shape them. Surprise, surprise, those rules can be designed to favor one group over another.

Market manipulation is just one of the delightful practices in which the financial sector indulges. They get away with imposing outrageous interest rates on borrowers and creating securities set up to fail. And let's not forget their love for illegal activities like insider trading. They really know how to keep things spicy, don't they? But wait, there's more, rent extraction! This fancy term refers to the withdrawal of income from the national pie that is way more than these supposed "contributors" deserve. It's like a never-ending buffet for the elite. They get to feast on public resources like oil at ridiculously low prices while the rest of us struggle to make ends meet.

The Regulatory Capture

Regulatory capture is a troubling reality in the world of finance, and we can illustrate its impact through real-life examples. Imagine a scenario where a regulatory agency, let's call it the Financial Oversight Commission (FOC), is responsible for overseeing the banking industry. The FOC is supposed to ensure that banks operate fairly and within the bounds of the law, protecting the interests of the public.

However, powerful banking lobbyists and executives have increasingly influenced the FOC over time. These individuals have deep pockets, employ well-connected influencers, and even hire former FOC employees, creating a revolving door between the regulatory agency and the very industry it's meant to regulate.

This regulatory capture results in the FOC crafting policies and regulations that favor the banks rather than safeguarding the public's interests. Let's look at a real example to understand this better: The financial crisis of 2008.

During the lead-up to the crisis, some banks engaged in risky lending practices and bundled those risky loans into complex financial products. These practices were a ticking time bomb for the financial system. One would expect a diligent regulatory agency to spot these issues and intervene before disaster strikes. However, the FOC and other regulatory bodies failed to act decisively.

Why? Because they had been influenced and captured by the very financial institutions engaging in these risky behaviors. High-powered lobbyists and industry insiders shaped regulations in ways that allowed these practices to continue unchecked. The result was a devastating financial crisis that affected millions of people worldwide, leading to job losses, foreclosures, and a massive economic downturn.

In the aftermath of the 2008 crisis, there were calls for reform and increased transparency in financial regulation. However, breaking free from the clutches of regulatory capture remains an ongoing challenge. Both policymakers and the public must be aware of these issues and work toward restoring trust and accountability in the financial regulatory system. The influence of unofficial financial regulations like ESG is increasing, surpassing official regulations, and it's coming from unaccountable international organizations. These crazy regulations make things more difficult for the ordinary person than they already are. 

Image Source: American Icons Temple

Rewriting the Economic Game

Rewriting the economic game, where the rules constantly change, the common man is left scratching his head, wondering when it will ever be his turn to win. Well, my friends, I hate to break it to you, but the game has been rigged for quite some time now. And in the land of the free and the home of the brave, it's the rich who are winning big time with the market power of corporations.

These powerhouses have always had a leg up on the little guy and girl. While other developed countries have some regulations to level the playing field, American corporations have been given free rein to run wild. Just think about it. These mega-corporations have more influence over lives than we even realize. They control the products we buy, the services we use, and the jobs we desperately cling to. And with their untamed market power, they can squeeze every last drop of profit out of us while we're left wondering how the hell we got here.

Remember the good old days when a hard day's work meant a decent paycheck and a secure future? Yeah, those days are long gone. The shift to a service-sector economy has left workers high and dry while the fat cats continue to line their pockets. You see, with the rigged rules of the game, workers have lost their bargaining power. Wages have stagnated, benefits have vanished, and job security is a thing of the past. And while we're busy trying to make ends meet, the rich keep getting richer, laughing all the way to the bank.

Here's the real kicker: This is happening because the political system is rigged. Gerrymandering, voter suppression, and the influence of money have turned democracy into a puppet show, with the rich pulling all the strings. No matter how hard we fight for change, the system is designed to keep us down. The roar of corporate dollars has drowned out the voices of the common man. And while we're left to pick up the pieces, the elite few continue to thrive, building golden towers with people’s blood, sweat, and tears.

The rewriting of the economic game has left us fighting an uphill battle with no end in sight. But fear not, for together with the rise of entrepreneurs, we can reclaim what is rightfully ours. We can demand a fair and just society where the ordinary person is no longer left behind. But until that day comes, we must continue to shine a light on the corruption and inequality that plague the world's nations. 

We must use our voices, votes, and collective power to dismantle the rigged system and build a future where everyone has a fair chance at success. The economic game may be rigged, but if history has taught us anything, it's that the common person can rise and change the rules. So, let's roll up our sleeves and get to work because a brighter future is within our reach. And together, we can make it a reality.

Considering all this, wealth is concentrated in the hands of a few, leaving the rest struggling to make ends meet. Wages at the bottom are stagnant, job losses are rising, and despair is becoming all too common. But it's not just the forces of nature that have led us to this dire situation. No, it's the laws and regulations put in place by those who hold power. The system is rigged in favor of the wealthy, with market manipulation, financial sector exploitation, and rent extraction all contributing to the growing divide.

Special favors and favorable regulations further exacerbate inequality and make it harder for the common man to get ahead. And let's not forget about the rewriting of the economic game. The market power of corporations has grown exponentially while the power of workers has dwindled. This is not an accident but a result of a rigged political system where gerrymandering, voter suppression, and the influence of money reign supreme. It's a vicious cycle where economic inequality leads to political inequality, and ‘we, the people,’ are left to suffer the consequences. It's time to fight for a fair and equitable society where everyone has a chance to thrive, not just the privileged few. Together, we can dismantle the rigged system and build a brighter future for all.

  About: Prince Ibenne. (Nigeria) Prince is passionate about helping people understand the crypto-verse through his easily digestible articles. He is an enthusiastic supporter of blockchain technology and cryptocurrency. Find me at my Markethive Profile Page | My Twitter Account | and my LinkedIn Profile.

[thxnews]

Britain's Bold Moves in Global Climate Change Solutions

Statement by Minister Andrew Mitchell at the UN Financing for Development High-level Dialogue.

Excellencies, Our Prime Minister, at the G20, announced that Britain will provide 2 billion dollars for the Green Climate Fund - the biggest single commitment the UK has made to help the world tackle climate change. And Britain continues to want bigger, better Multilateral Development Banks. The UK supports, in due course, a conditional capital increase for the IBRD. We have provided more than 4.5 million pounds of guarantees to enable the Multilateral Development Banks to lend more money. We are also extremely focused on sweating these Banks’ balance sheets. We have already seen an additional 200 billion dollars produced, and we want to see much more. In addition, Britain is very focused on the issues of debt. At the Summit in Paris, Britain announced Climate Resilient Debt Clauses, which we are now using, which means that countries faced with a pandemic or natural disaster have their liquidity freed up to help their citizens, rather than having to pay off capital and interest. We also want to see the G20 Common Framework used much better to help countries that need debt rescheduling. We have seen what happened recently in Zambia and Ghana and we know that that is not good enough. Our Prime Minister has also made clear that we will stand by our commitment to provide 11.6 billion pounds of international climate finance before the end of 2025/26 and play our part in the 100 billion promise that has been made. And we have recently announced that we will spend 500 million pounds on forestry programs because we know the important role they play in tackling climate change. In November, we will have a summit in London on the issues of malnutrition, food insecurity, and starvation, which I think will also make a very significant contribution. The final point I want to make is about the critical importance of all these different state funding mechanisms being able to link umbilically with the private sector, and in particular with the 60 trillion dollars we know is there of pension fund money. Many of the people who manage pension funds would want to see, subject to the necessary safeguards, this money being used as part of the common fight across the planet on tackling climate change. So, we think harnessing the role of the private sector is absolutely crucial. We hope to help explain in a government white paper from Britain later this year the future of international development. Just as BII – the British government’s development finance institution – is playing such an important role already, investing to support the delivery of the SDGs. As we look ahead to the Annual Meetings and COP28, let’s seize this moment to increase ambition, galvanize action, and find new ways to deliver a bigger, better, fairer international financial system. One that helps countries thrive on their own terms and leaves no one behind. Thank you.   Sources: THX News, Foreign, Commonwealth and Development Office & The Rt Hon Andrew Mitchell MP. Read the full article

[jelvixteam]

A new video on our channel! 🔔 This time, a Jelvix developer with 10 years of experience compares the efficiency of Java and Python in developing a financial trading system. We’ll cover performance, robustness, concurrency, scalability, and security 🔥

Find out which language comes out on top and get the ultimate rating by watching till the end! Make sure to like, subscribe! 😎

Watch the full video now!

[hiworthsolutions]

The Foundation of Financial Health: Choosing the Best Accounting Software for Your Construction Business

The right accounting software is the foundation of financial health for your construction business. This guide helps you choose the best solution to manage your projects, streamline your operations, and boost your profitability.

Read the full article!

Discover Hiworth Solutions at www.hiworthsolutions.com

[unpluggedfinancial]

Lessons from the Rabbit Hole: What Bitcoin Teaches About Thinking Differently

The moment I stumbled upon Bitcoin, I had no idea it would change the way I view the world. What started as a curiosity about digital currency quickly transformed into a deep dive down the rabbit hole—a journey that rewired my thinking about money, systems, and the society we live in.

Bitcoin is more than just a financial innovation; it’s a paradigm shift. It forces you to question the foundations of things we often take for granted: What is money? Who should control it? Why do systems that seem stable on the surface often reveal hidden inefficiencies and inequalities?

Here are the lessons Bitcoin teaches when you allow yourself to fall down the rabbit hole:

1. Question Everything

Before Bitcoin, I rarely questioned the mechanics of money. But Bitcoin’s decentralized design challenged me to think critically about centralized systems. Who decides how much money is printed? Why does inflation rob people of their purchasing power? Why do we trust these systems without understanding them?

Bitcoin opens your eyes to the fact that many of the world’s systems—financial, political, and even cultural—operate on assumptions that deserve scrutiny.

2. Embrace Complexity

The Bitcoin rabbit hole is not a straight path. It’s layered with economics, cryptography, history, and game theory. Understanding it requires patience and a willingness to grapple with complex ideas. This journey taught me that complexity is not something to fear but an opportunity to grow.

In learning about Bitcoin, you might also uncover new interests: the history of money, the role of incentives in human behavior, or the technological underpinnings of blockchain.

3. Think Long-Term

Bitcoin’s fixed supply of 21 million coins fundamentally shifts the perspective from short-term gains to long-term value. It aligns with the idea of delayed gratification: holding Bitcoin is an exercise in patience, trust, and foresight. This mindset is a stark contrast to the instant-gratification culture that surrounds us and the current financial system—where centralized authorities prioritize short-term interventions like printing money, often at the expense of long-term economic stability.

The broader lesson? Anything worth building—be it wealth, trust, or knowledge—takes time.

4. Decentralization Is Power

One of Bitcoin’s most profound lessons is the power of decentralization. It shows us that centralized authorities are not the only way to maintain order. In fact, decentralization can be more resilient and equitable.

This principle extends beyond money. It applies to governance, energy systems, and even the way we structure organizations. Decentralization empowers individuals and communities, challenging the notion that control must always flow from the top.

5. Don’t Trust, Verify

Bitcoin’s blockchain is a public ledger where every transaction is transparent and verifiable. This principle—“don’t trust, verify”—teaches a powerful lesson about accountability. In a world where trust is often misplaced, the ability to verify builds systems that are fairer and more trustworthy.

Imagine applying this principle to other areas of life: relationships, business agreements, or even government policies.

6. Resilience Through Innovation

Bitcoin has faced criticism, bans, and countless obituaries, yet it persists. Its resilience lies in its decentralized nature and the collective belief of its network participants. This teaches an important lesson: systems built on innovation and trust in collective action are incredibly hard to dismantle.

7. Your Mindset Determines Your Reality

Understanding Bitcoin requires a shift in perspective. It’s not just about money but about changing how you see the world. For me, the Bitcoin rabbit hole was like turning a kaleidoscope: the pieces were the same, but the patterns they formed were entirely new.

The takeaway? Your mindset determines the opportunities you see and the changes you can create.

Conclusion: The Rabbit Hole Awaits

Falling down the Bitcoin rabbit hole isn’t just about learning the mechanics of a cryptocurrency. It’s about rethinking systems, questioning norms, and embracing change. It’s about empowering yourself to see the world differently and, in doing so, imagining a better future.

Whether you’re just peeking into the rabbit hole or already deep inside, one thing is certain: the journey will change you. Bitcoin isn’t just a tool for financial freedom—it’s a catalyst for intellectual and philosophical growth.

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

📺 YouTube Channel: Unplugged Financial Subscribe to our YouTube channel for engaging video content that breaks down complex financial topics into easy-to-understand segments. From in-depth discussions on monetary policies to the latest trends in cryptocurrency, our videos will equip you with the knowledge you need to make informed financial decisions.

👍 Like, subscribe, and hit the notification bell to stay updated with our latest content. Whether you're a seasoned investor, a curious newcomer, or someone concerned about the future of your financial health, our community is here to support you on your journey to financial independence.

Support the Cause

If you enjoyed what you read and believe in the mission of spreading awareness about Bitcoin, I would greatly appreciate your support. Every little bit helps keep the content going and allows me to continue educating others about the future of finance.

Donate Bitcoin: bc1qpn98s4gtlvy686jne0sr8ccvfaxz646kk2tl8lu38zz4dvyyvflqgddylk

[jessbusinessorganization]

Streamline Your Cash Handling for Smoother Operations

Cash handling can be one of the most time-consuming tasks for any business, but it doesn’t have to be. If your business is still relying on outdated or inefficient cash management processes, it’s time for an upgrade. 💸

Here’s why streamlining your cash handling processes is essential for smoother operations:

Accuracy: A clear and consistent process ensures you’re always balancing your cash deposits and keeping track of every dollar.

Time-Saving: No more scrambling to figure out where the money went. With the right processes in place, everything’s organized, and you can quickly generate reports.

Accountability: Establishing clear procedures for cash handling reduces the risk of errors and discrepancies, ensuring that your team stays on top of financial responsibilities.

Less Stress: When your cash processes are streamlined, you’re not stressing over missed deposits or last-minute reconciliations.

I can help you implement effective cash handling processes that improve accuracy, save time, and give you peace of mind. Ready to get organized?

📩 DM me to talk about setting up cash handling systems for your business!

[ladookhotnikov]

Future for Crypto? Elon Musk doesn't think so

Many argue that cryptocurrency threatens the financial system, undermines its trust, and the risks of ownership are too high. But despite this, the 10 largest corporations hold a total of more than 220 thousand coins. Why is this happening?

Elon Musk's Tesla owns over 10,000 BTC.

The fact that large corporations store significant amounts in crypto may be due to several factors. This is primarily due to portfolio diversification. Successful entrepreneurs know that "you can't keep your eggs in one basket."

Lado Okhotnikov knows better than anyone else that cryptocurrency today is an innovation that should not be run away from.

“It is natural that corporations are interested in researching and developing new solutions based on the blockchain. This is beneficial for them, since a decentralized system, coupled with high security, makes it possible to build projects that will be reliably protected from hacker attacks,” continued the thought of the founder of the Meta Force metaverse.

Technological progress cannot be ignored, because blockchain is a big technology that serves as a signal to investors that the company is following the latest trends and is ready to adapt new financial instruments.

“Every day we see more and more companies investing in crypto. Securitize acquires crypto startup Onramp. Aegis, specializing in Web3 security, has completed a multi-million dollar seed funding round. Polygon Labs and the leading Korean mobile operator SK Telecom have teamed up to develop a Web3 ecosystem,” Vladimir Okhotnikov sees only positive aspects in promoting blockchain in the global economy.

Along with it, starting from September 1, every company that is engaged in crypto investment in the UK will have to verify, store and exchange information about transactions.

[farademetre]

What Can We Expect from the FED's Quantitative Tightening?

The financial system is so complicated that it is hard to plan for every possibility, even as the FED launches its most extensive QT program to date.

[zeynepom3r]

How Serious is Money Laundering in Today’s Financial System? 💰🚨 Hey everyone, With financial crimes on the rise, I’ve been thinking a lot about how money laundering schemes have evolved. It’s crazy how sophisticated some of these operations are—shell companies, smurfing, invoice fraud, even using legit businesses as fronts. What’s even more concerning is how financial institutions sometimes miss the red flags despite strict AML regulations. One thing that really caught my attention recently is how AI and data analytics are being used to detect suspicious transactions. But even with advanced tech, identifying laundering schemes isn’t always straightforward. Risk-based AML strategies seem to be the key, but there’s always the challenge of balancing compliance vs. efficiency in financial operations. I came across this AML training program that dives deep into money laundering methods, risk indicators, and legal frameworks. Thought I’d share in case anyone in finance, banking, or compliance wants to explore the topic further: 🔗 The Full Programme of Anti-Money Laundering (AML) Curious to hear from others—what do you think are the biggest gaps in AML compliance today? Do you think financial institutions are doing enough to combat money laundering, or are criminals just always a step ahead? Would love to hear your insights! #MoneyLaundering #AML #FinancialCrime #Compliance 🚀

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