EU Confiscating "Unused Savings"?
Discussion
Hmmm, a Belarussian article. Would believe here that this is a case of nothing to see here... 😅
Hi matthew! Piacere di conoscerti 🤝
The real question is: where will these European dictators get this money? From people's private savings? And how will they do it? Or do they simply make debt to be made to pay with interest to the next generations through inflation and taxes? It is still not clear how those neo-Nazis of the Eu will take this money from the poor people who are already on the pavement and on the foot of war! Fuck you! Fuck vonderlayen fuck dragons fuck borrel fuck kallas
Just remember everyone, bail-in is also an option. They don't have to bail-out the banks by printing, they can just bail-in (confiscate) your savings if it's for the right cause. Western nations have stepped on the slope of "emergency measures" and we must step back back from the edge.
The most sinister lie that Keynesians/MMTers propagate is the idea that savings do nothing for the economy, that only once those savings are spent does the economy benefit from this increase in consumption.
Nothing could be further from the truth and this lie underpins our credit-based, inflationary monetary system.
The truth is that ALL savings = investment.
If I have $40k and decide to hold it in my savings account rather than purchasing a new vehicle, I am signaling to firms that what’s on the market is not worth my $40k. So if you want my hard-earned money, you better either 1. make the same car at a cheaper price (efficiency) or 2. Make a better car at the same price (innovation).
I saved, firms invested. Keynesians/MMTers need to go back to first principles.
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Germany with its wall up in late 80s was a better place to visit then, over today.
Monero fixes this.
They can't confiscate your savings if they don't know you have them.
Monero doesn’t fix this buying p2p fixes this whether it’s bitcoin or monero.
Monero fixes this 👀
You can't interact with bitcoin if everybody around you is kyced, than is a matter of time to them deanonymize you
If you buy Monero through a CEX they can still come after you with a seizure order. There is some more deniability with XMR but it doesn’t eliminate the threat completely. So HOW you acquire it still matters.
It’s not a silver bullet.
I think the point is that,
ok if its just hodling it doesn't matter what the asset is as long as it wasn't KYCed
but if you're actually *using it (ie spending from savings)
monero protects users a lot better from any targeted surveillance.
Of course it matters, thats why most monero users buy P2P.
On the other hand, most bitcoin users buy on CEX and think self custody will help them..
Then more than 90% of Monero is on Self custody, and bitcoin how much is on self custody?
Numbers dont lie, bitshiters only want NGU, they dont want sovereignty.
And most core devs and bitshiter influencers are feds, so keep going that way, surveillance coin will help you very much in near future
$56M in volume on CEX 💭
How much on Haveno? 
Market cap almost 4B, do the math 😉
Haveno isn't the only way to get Non KYC Monero 😉
I’m European and I feel like I need to flee out 😵💫
No Nostrich has any savings thanks to everyday dips 😁
What about non-EU citizens in the EU? They can't draft them or confiscate their deposits. So only immigrants will remain in Europe hahaha.
This is really scary! I'm torn by the idea of leaving.
Monero is the exit plan. No matter where you live.
Fucking crooks
the EU has to be dissolved! ✊
Do you still think it's crazy to suggest that leaving Europe may be one of the only way to save ourselves?
A very good summary, thank you.
If you live in the EU, you need to watch this video. An excellent summary on what’s going on. #bitcoin #eu #europe
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Obviously politicians are crooks. But they are also dealing with the USA telling them to protect themselves because they dont want too. well that same USA is threatening the sovereignty of its neighbours (canada and greenland). The nation so proud of achieving its independence is becoming warmongering and wants to threaten others with its new ally, Russia. When you point the finger. You have 4 pointing back at you.