The Ugly Truth about Money

Eleftherios Jerry Floros
8 min readJun 2, 2017

Money, as it is known, is no longer. Its value erodes with each passing day. Central banks around the world print money without the necessary reserves to back their currency. This practice is temporarily calming and conveniently called “quantitative easing” as in “easing the pain in a failing economy”.

The Fed

The most powerful and influential central bank is the Federal Reserve Bank of the United States.

Contrary to popular belief the “Fed”, as it’s commonly known, is not a fully-fledged government institution or department…

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Eleftherios Jerry Floros

Passionate about FinTech, Decentralised Finance, and Digital Disruption which will profoundly impact the global economy as well as our personal lives