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Users of some exchanges based in the United Kingdom need to pass a quiz (to show understanding of the risks) before they can buy Bitcoin.

Perhaps people should also pass a quiz before using fiat money, just so they also understand the risks. Here is a United Stated based quiz.

75% score required, 15 out of 20 questions.

What is the Cantillon Effect?
Describe seigniorage?
Who benefits most from seigniorage?
How much value has the dollar lost since 1913?
What is the #1 cause of inflation?
What is “fiat” money?
What does fiat mean in Latin?
Who prints money in the United States?
What is Quantitative Easing (QE)?
What is a Central Bank?
When was the US Central Bank created?
What happens to the value of fiat over time?
Describe the Bretton Woods agreement?
Why does the US borrow money it can print?
What monetary event happened in 1971?
Why was it made illegal to hold gold in 1933?
What is fractional reserve banking?
Why do governments prefer fiat money?
Who benefits from “setting” interest rates?
What is the M1 money supply?
You can see this poem on a background here - https://www.bitcoinpoems.pro/delivery102TheRisksOfFiat.html
Simon Piesse Aug 2022
What's your code no passport connection four hundred years grandfather's father his father coming there first test DNA dry place immigrant country no code no almond milk and honey wet wipes gone eyes longing God in each of us what's your code which God fountain of mercy chopped tomatoes snug crates E5 what's your code he shot me in the head and legs smug nearly forgot thank you for calling the job centre your call is important stranger rich tea smooth no nuts unboxed leeks centre job wait what's your code hot sand busy thank you what's your code blue masks requirement professor of linguistics sir do you have Weetabix I Lithuania bless you Kuwait Syria Michigan Holloway Italy chef many interviews knives the knives needed all are welcome double yellow lines peas code your what's your necessary referral code appointment hurry sorry reindeer biscuit then joking we used to climb over and pick the blackberries no desk write the date and time sign what's your code Ukraine just wait for delivery..
Him Feb 2021
I took our love to the bank, deposited it into a safe. The economy of our love is stagnant and blank, much like the look on your face.

The maintenance fees are high, they come with stress and quarrel; no goodbyes after a call. I am love's employee, both sore and sigh, I might go bald, and gladly; if our love might survive.

I took our love to the bank, and left it there. My father was frank but no doubt sincere, when he warned me: "Do prepare for the rainy days."
Hussein Dekmak Oct 2020
Is your worth:
The bread you eat,
The clothes you wear,
The car you drive,
The vacation you take,
The house you own,
The money in your bank account?

Or is your worth:
The rainbow of people's dreams,
The catalyst of positive change,
The smiles on friendly faces,
The gratitude from an individual's lips,
The Mecca of someone inspirations,
The crown of human hearts?

Hussein Dekmak
Edited 2
Despite Blue-Nile
-lower-riparian countries' clamor
For possible dearth
Of water
So that GERD, condemned,
A reversal suffer
They are  now inundated
By the river.

Had GERD not been
Born to life
Imagine how their
Plight could be rife!

See how the stance of
So called a great leader
With a brain of a bird
Proved absurd.
Nature proved them wrong thx to God.

https://www.aljazeera.com/news/2020/08/sudan-dozens-dead-thousands-homes-destroyed-floods-200816095143076.html
Read  my poem That wicked woman from a wicked man I wrote four years back
We are afraid
As we give you aid
We have the liberty
To maneuver your head
To the extent your are
Deprived a go ahead
To tend
Your  self-development
And self -reliance
Seedbed.

"When money speaks
the truth is silent"
If you want to continue
Our client
Remember you're macilent
So  try not to be violent
Fighting back  with" Though
I'm poor I 'm somebody!"
'Cause, snobbish, we may prefer
This budy from that budy.
Don't be naughty
There is nothing
As such inviolable
Sovereignty.

A budy
That does not
Help  better optimize
Our advantage
Shoddy, could not
Come to the same page.

Note also
We could pull strings
And  to loan givers tell
"When we speak
Wag  your tail!"
To Trump and World Bank///

Pat Ethiopia on the back than stab it in the back

Intolerant of a crushing poverty that bound Ethiopia hand and foot,   the country is dead set on escaping the daunting scenarios its citizens across generations had suffered. Members of this generation too have known the brunt all their lives. Population boom has been exacerbating the problem.
Despite the bounty and plenty the country boasts, for aeon, it was forced to go through the throes of poverty perplexed by its inaction.
The calamity of inclement weather such as droughts and subsequent shortages of food had been souring the country’s fate.
To add an insult to injury, Ethiopia could not get its economy off the ground rocked by internal turmoil that went on unabated fueled by struggle for power and also disturbed by the proxy wars and revolutions exported by those who want to emasculate the country depriving it the power to use its resources like its trans-boundary rivers.
Hence it was coerced to heavily lean on foreign aids, which resulted in dependency syndrome. As such, in molding its fate the country had no option than remain locked in the doldrums of inaction. True to the wisdom-packed saying “Give a man a fish you feed him a day. But teach him how to fish you will feed him the rest of his life!” it was this point international donors were laboring to ram home in lecturing Ethiopia and others. Ethiopia’s developmental ****** to feed itself and illumine the region is in consonance with this silver bullet.
But making 180 degree turn and contravening the aforementioned ideal more often than not they uphold, hypocrites in this set are forcing Ethiopia to compromise its national interest and brush aside its developmental drive simply to cheer up their pet country, depressed out of jealousy as Ethiopia is outstripping it in geopolitical importance. Hypocrites want to support those who sow the seed of terror abroad spoiling fifth columnists in Ethiopia, envisioning socioeconomic take off beyond its perimeter.
“When money speaks the truth remains silent!” runs the adage. That is to say the pauper and the feeble turn vulnerable, when the affluent wield power. This does not work for Ethiopia that never ever compromise its sovereignty even in the face of war inferno.
It is cogent that an enemy of your friend or your handyman is your enemy. With this mentality white supremacist that spare no effort to optimize their advantage are seen trying to twist Ethiopia’s arm “We could underwrite developmental aid to you if and only if you show alacrity to what we blindly dictate to you. There is no room for taking what we say with a grain of salt. If you fall out with our pet country a punitive measure expects you.”
Hypocrites and their pet country also leave no stone unturned to lure the rational minded countries to their side so that they fall out with Ethiopia. The pendulous behavior of the riparian and neighbor country, which was a votary of the truth up to recent times, testifies this disposition.
International donor organizations to which hypocrites attached their apron strings are revoltingly echoing the stance of hypocrites creating pretexts not giving a second thought to the fact that their action could be weighed by the global community as a double standard. Such tail wagging goes a long way in eroding international trust. Here, it is no wonder if one alludes to the true farce of Barban and Jesus. Hang the votary of regional growth and release the exporter of terrorism is the modern version of it.
Such a subtle attack is unfair and unjust. Besides, the donations of hypocrites were meant for mutual objective—maintaining peace in a strategic area of global importance. As such, the negative impact could not be seen as a unilateral one. Where is the picture perfect love of hypocrites to democracy?
GERD is  Ethiopia’s  flagship project that is reminiscent of the victory of Adwa that threw into shambles white supremacy and showcased colored people could square up to any challenge. Is it because of this,  for want of due protection, we are witnessing attacks on our flag in Europe in sharp contrast to the etiquettes of international diplomacy? Crime by omission is no less than crime by commission! The international community must heed this as put it emperor Hailesellasie before League of nations “today it is our turn tomorrow it is yours!”
Averse to the trend international donors wait on Ethiopia hand and foot, the country is harnessing its resources to its and regional benefits. In so doing, generating electricity it is garnering foreign currency. Extrapolation shows that if it presses ahead with this noble task the country could beef up its muscles to the extent of seeing developmental aid as something it could manage without.
Ironic as it may sound, lately the lower riparian countries are inundated by the water of Blue Nile though they were crying foul the first phase of the filling and subsequent filling of the dam could cause a dearth of water in their lands. As a kid cowers imagining a bogeyman, lower riparian countries must not shudder imagining unscientific and farfetched things. Besides their heart tells them Ethiopia is marked for considerateness to others.
Let it be known Ethiopia is not a pushover. It is a standard-bearer of bootstrapping. In cognizance of this fact the rational need to pat it on the back than stab it in the back.  //
have I ever imagined
I would enter a bank
masked
asking for money
The time, they are a-changing  ... ;-)
Shiv Pratap Pal May 2020
Come people come
Please come to us

Oh you are so poor
You suffer so much

Do you ever know?
Why you suffer so much?

I bet, you don't know at all
It's because of your Karmas

I have a remedy
For all your sufferings

My name is Crankie
I have opened a Bankie

Bankie is just another type of bank
A bank in the business of Karma's

Deposit your good Karma's here
Get lucrative interest on annual basis

Thus your balance of good Karmas
Will rise and multiply gradually

Yes, it will be printed on your passbook
It will also be reflected in your credit score

We have many-many, so many branches
We have numerous ATM here and there

Your account will have enough liquidity
You may withdraw it anytime you need

It can even be inherited by your heirs
In case you die leaving your balance intact

You may even nominate anyone dear to you
He or She can claim the balance after your death

You can even transfer some good Karmas
To the account of your other near and dears

So you have a question to Ask, Okay -
Go Ahead, Ask, I will reply with pleasure

So you are asking me, What will I do –
With bulky baggage of your good Karma's

It's simple my dear. My name is Crankie
I have opened a Bankie, I am Businessman

I will lend your good Karmas to people
Who have less amount of good Karma's

They will use those good Karma's to earn
More and more, good Karma's with ease

And will pay regular interest to our Bankie
And when they succeed in earning a lot

They will also repay the Principal borrowed
Thus both, Bankie and its customers will earn

So your good Karmas are going to earn
Not only a hefty interest, but also help others

To generate more and more good Karmas
Just like the holy Gods and unholy Demons -

Performed 'Ocean Churning' which generated
Fourteen special jewels including the ambrosia

Thus this effort will make a better society
And a better world for all of us to live in

So isn't a Good and Great Idea, Yes it is.
All the people agreed with great applause

They started depositing their good Karmas
And got their interest credited in Passbooks

They were quite happy, though their life degraded
As they never utilized or encashed their Karmas

But instead choose to deposit them in Bankie
Opened by the great businessmen Crankie

--------------------------------------------------------­-----
AFTER TEN YEARS
-----------------------------------------------------------­

People saw a board hung on the gates of Bankie
It was put there by the worthy Banking Regulator

It was just to inform every Tom **** and Harry
And was not at all for the fairy, living in heaven

"This Esteemed Bank has gone Bankrupt.
As a regulator we realize our duty and authority

So we are conducting an enquiry to ascertain
How this all has happened after all

Until further Orders from our side,
You the common people are hereby informed

You will be allowed to withdraw just a single
Good Karma for the next ten month period"

There was a rumour that that the bank had,
A large amount of Non Performing Assests

Because borrowers failed to return the loan
They failed to pay interest and the principal too

This was not the only rumour flowing around
There was also a rumour spreading everywhere

"Mr Crankie had lent all the good Karmas to
His Friends, family, relatives, near and dear

They didn't even bother to pay it back to Bankie
There were so many irregularities in issuing loans

The guarantors happened to be the borrowers also
The Borrowers happened to be the guarantors also

As a result the bank filed case in court and prayed
To declare Bankie as legally bankrupt and Insolvent"

Rumours always likes to travel in multiples
Not in a single strand. One of them was -

"Bankie was bankrupt on paper only
In real Crankie laundered all its money

And deposited them all in various accounts
In the famous tax havens of the world

The investigation is going on in constant pace
Legal authorities are working round the clock

The poor customers have no choice at all
They just sit and rejoice by singing a song

"Mr. Crankie, along with your Bankie
Please get us a beautiful hankie

To wipe our flowing nose
Because our eyes are ******

And the tears are not leaking
From any of them after all

Mr. Crankie and your Bankie
Please get us a beautiful hankie"
Just Another Poem on Banking and Capitalism
Michael R Burch Mar 2020
who, US?
by Michael R. Burch

jesus was born
a palestinian child
where there’s no Room
for the meek and the mild

... and in bethlehem still
to this day, lambs are born
to cries of “no Room!”
and Puritanical scorn ...

under Herod, Trump, Bibi
their fates are the same —
the slouching Beast mauls them
and WE have no shame:

“who’s to blame?”

What is happening to Palestinian children in Gaza and the West Bank is a crime against humanity, financed by American taxpayer dollars. Keywords/Tags: Palestine, Palestinian, children, Gaza, West Bank, Jerusalem, Bethlehem, Jesus, Christ, meek, mild, lamb, lambs, kids, Herod, Trump, Bibi, slouching, Beast, American, Christians, shame, blame
GREEN Chapter One

As Kenya lie on the floor at Club Envy with her lungs burning and filling up with blood from being shot by an unknown person she thought her life would never end like this.  Kenya tears started to flow as she thought of the years she spent silthering with snakes.  Her job at the BNB Bank made it easy to launder money for the Black Crime Syndicate.  It was six years ago in the month of June that her life took a downward spiral.
Upset at the thought of being late for work Kenya floored the gas pedal.  As she passed by the slow moving drivers weaving in and out of traffic Kenya hoped she didn't get a ticket.  I just had to stay up late watching the marathon of Funny Man.  Now I got to race the clock and pray I don't get stopped by the police thought Kenya as she sped past the other drivers.  As Kenya pulled into the BNB Bank parking lot she checked the time.
"It's 7:55a.m.  I made it within five minutes."
Kenya got out of her car and walked through the bank's glass doors.
As time passed the employees of BNB got the bank ready for the public.  One of the three people that arrived at the time of opening was a new face.  Mmmmmm yummy thought Kenya as she walked up to the tall light skinned man.
"Hello sir how may I help you?" asked Kenya as she eyed the man up and down.
"My name is Malik Maxwell Williams.  I would like to open a checking and savings account" answered the tall light skinned man.
"Mr. Williams please follow me to my office."
As Kenya and Malik sat in Kenya's office filling out papers Kenya made it up in her mind that she would get to know Malik on a personal level.  After a days work Kenya got behind the wheel of her red BMW and started her drive home.  On her way home.  On her way home Kenya called her best friend Jewel Stonewall.
"Hello Jewel how are you?" asked Kenya with one hand on the steering wheel and the other hand holding her cellphone.
"I'm doing great Kenya.  What's up?" answered Jewel Stonewall as she did one of her client's hair at her salon the Golden Scissors.
"Are we still on for Saturday?"
With a confused look on her face Jewel asked
"Is the day Friday already?"
"Yeah girl what day did you think it was?"
"To tell you the truth Kenya I thought the day was Thursday."
"No Jewel it's Friday.  I'm glad I have a friend who owns a hair salon."
"You better be thankful.  I'll talk with you later Kenya."
"Ok by Jewel."
Kenya Ayanna Night was a plain looking black woman in her 30's who lived a very plain life.  She always looked forward to Saturday.  A day she would spend at the Golden Scissors getting her hair done and talking with Jewel Stonewall her childhood friend.


Written by: Keith Edward Baucum
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