Virtual currency debt

1. Yes, the central bank is going to issue digital currency to replace M0 and RMB

2. It's just a rumor, okay? Liu Tao has come out to refute the rumor. She said it's just because her father died, which is sad. It's not because her husband Wang Ke invested in bitcoin and owed 1.2 billion yuan.

3. To tell you the truth, speculation, no matter what currency, is the origin of bitcoin. The most important thing is that they have no real value and do not have the basic conditions of general equivalence. It is completely based on deception and unequal information.

4. If you lose the principal, you will not lose money. And as long as your currency is in the principal, don't cut the meat casually. After all, bitcoin is not air currency, it will not return to zero, and the band is not big. I buy bitcoin at the Matcha exchange, and I won't cut the meat casually, because the coin is in people's hands

5. In essence, currency can be divided into debt currency and non debt currency. Debt currency is the common legal currency system in today's major developed countries. Its main part is composed of "monetized" debts of governments, companies and private indivials. The US dollar is a typical example. The dollar is created when the debt is created and destroyed when the debt is paid. Every dollar in circulation is a debt note. Every debt note generates debt interest every day, and it is increasing rapidly. Who is responsible for these astronomical interest income? The banking system that created the dollar. In other words, the more money people borrow, the more money they have to borrow. Debt and currency are locked together. The logical inevitable result is that debt will increase forever until its debt currency is completely abandoned or its interest burden will crush its own economic development, leading to the final collapse of the whole system. The monetization of debt is one of the most serious potential unstable factors in modern economy. It is to meet the needs of the present by overdraft in the future. There is an old Chinese saying that "living in excess of money" means exactly this. Another kind of currency is non debt currency represented by gold and silver currency. This kind of currency does not depend on anyone's promise, it is not anyone's debt, it represents the achievements of human labor has been completed, it is the natural evolution of human social practice for thousands of years. It doesn't need any force from the government. It can cross the times and national boundaries. It is the ultimate means of payment in money. Among all currencies, gold and silver means "actual possession", while legal currency means "IOU + Promise". There is an essential difference in the value "gold content" between the two. China's yuan is somewhere in between. Although there is a component of "debt currency" in RMB, as far as its main body is concerned, it is still a measure of procts and services that have been completed in the past. The issuance of RMB does not have to be mortgaged by national debt as the US dollar, and the currency is issued by the private central bank, so the huge interest expense falling into the private pocket can be avoided. From this point of view, the attribute of RMB is closer to gold and silver currency. At the same time, because RMB is not supported by gold and silver, it also has the basic attribute of legal currency, so it must rely on the coercive force of the government to ensure the value of currency
Adoption

6. Debt currency is the fiat money system in the main developed countries. It is mainly composed of government, company and private; Monetization & quot; It is mainly composed of US dollars
non debt currency is represented by gold and silver currency. This kind of currency does not depend on anyone's promise, it is not anyone's debt, it represents the achievements of human labor has been completed, it is the natural evolution of human social practice for thousands of years. It doesn't need any force from the government. It can cross the times and national boundaries. It is the ultimate means of payment in money

of all currencies, gold and silver means & quot; Actually own & quot;, The legal currency stands for & quot; IOU + promise;. The value of the two & quot; Gold content & quot; There are essential differences.

7. Foreign currency refers to currencies other than RMB, the legal currency of China, including US dollar, British pound, etc
debt refers to the amount that should be paid but not paid
combined with the above, foreign currency debt refers to the amount that needs to be paid in foreign currency but has not been paid.

8. Your fire money is not legal tender and formal financial transaction goods, it will not be sealed up.

9. The main responsibilities of the people's Bank of China are: (1) to draft relevant laws and administrative regulations; Improve the operation rules of financial institutions; Issue orders and regulations related to the performance of ties 2 Formulate and implement monetary policy in accordance with the law 3 To supervise and manage the interbank market, the interbank bond market, the foreign exchange market and the gold market< The people's Bank of China (PBC)
(4) to prevent and resolve systemic financial risks and maintain national financial stability 5 Determine the RMB exchange rate policy; Maintain a reasonable level of RMB exchange rate; Implement foreign exchange management; To hold, manage and manage the state's foreign exchange reserves and gold reserves 6 Issue RMB and manage the circulation of RMB 7 Manager of the Treasury 8 Formulate payment and settlement rules with relevant departments to maintain the normal operation of payment and settlement system 9 Formulate and organize the implementation of the financial instry comprehensive statistical system, responsible for data collection and macroeconomic analysis and forecast 10 Organize and coordinate the national anti money laundering work, guide and deploy the anti money laundering work of the financial instry, and undertake the fund monitoring responsibility of anti money laundering 11 To manage the credit reference instry and promote the establishment of social credit system 12 As the Central Bank of a country, it is engaged in relevant international financial activities 13 Engage in financial business activities in accordance with relevant regulations 14 To undertake other tasks assigned by the State Council.

10. Labor technology must be learned.