BAIL OUT WE FEED THE RAT

Hello all , this morning I feel terrible reading news about bail out. Yes, do you know bail out? Actually I am not an economist but reading news in my country make my feeling got angry. Why should bail out. Are in other countries do the same?

UNDERSTANDING BAIL OUT

What is bail out?
Bailout is a general term for extending financial support to a company or a country facing a potential bankruptcy threat. It can take the form of loans, cash, bonds, or stock purchases. A bailout may or may not require reimbursement and is often accompanied by greater government oversee and regulations. *https://economictimes.indiatimes.com/definition/bailout

At first many reasons on bail out is to save the greater impact in economy. That is a great reasons but for me " that is bullshit '. Politician make bullshit. In fact, in my country people just see clearly that bail out done because a bank or an institution got bankrupt because of corruption. That suckers take our money to their pocket.

NUMBERS OF BAIL OUT IN THE WORLD

There are numorous cases of bail out in the world. I think the policy makers make decision to bail out the failed institution with many reasons but in fact, you will see behind the decision that is why bitcoinists accused that bitcoin and cryptocurrency is the solution againts bail out because of transparacy.

The 3rd 100bn+ bank bailout in China this year.

Trillions tied up in state-owned banks that are loaned to state-owned enterprises.

Biggest money printing in history.

Biggest credit bubble in history.

Could Hong Kong be their 'black swan'.

Bursts = bullish for Bitcoin. pic.twitter.com/r0BV7osUBv

&mdash CryptoOutsourcing (@Cryptoutsorcing) August 14, 2019

There are many more cases in the world related to "bail out".

SO WHERE SHOULD WE RELY ON?

Central bank or decentralized economy? Nowdays, many cryptocurrency users are from young people that " I think they don't trust 100% to banking industries". This is my opinion you can argue that. Actually, I prefer to save my cash in gold better than saving in bank account. I still trust in cryptocurrency but the price is very volatile so gold is the best saving. Cryptocurreny is a way to earn money, do business and many more that you the developers will create more advance apps that I am waiting for. Bank cash is for daily need. It is for food, transportation and pay electric bill and all consumption economic activities. Ok thanks for reading and this is my terrrible feeling about bail out? Do you have any opinions about bail out? Let's share in the comment below and I will very welcome. Don't forget to upvote and follow @lebah and greet to all #projecthope members of communities.