LPUD as a Savings Instrument Against Bank Failure Amid Inflationary Pressure

For the past three days I have been going to the bank in search for cash in preparation for the Christmas season. Since our central bank has placed a limitation on daily withdrawal amount and ban over the counter withdrawal for smaller amount, it has become extremely difficult to get cash for daily business activities. And the worse of it, is that, when you eventually lay your hands on some cash, getting to spend the cash for the things you needed is like a slap on the face. The prices of those things you have been saying for have tripped, leaving you like a fool with your worthless paper.

It's hard to see how bad our paper money has lost its value overtime. It is a daily affair that the prices of goods are going up whereas our savings in banks are losing value against the cost of goods due to increasing inflation rates.

Many people have made so many sacrifices during the year to save for different purposes. However, once the time comes when you feel that you can get your money and do what you saved for, the buying power of your money is no longer the same because it has depreciated.

We are told to save for tomorrow, but when the tomorrow finally come, as it can be different for everyone, we all find out that our money did not follow us into our tomorrow. The sad thing is that, it could have been better to live frugal than having to go through all the mental torture and stress to save money for the future in a bank, only to see that your money is worth less than when you saved it.

Many of us, myself include­d, begin each new ye­ar with specific savings goals. But as the final days of the ye­ar approach, we often encounte­r two problems. The first is, banks control our money. The­y call the shots on when and how we can acce­ss our savings. The second issue lie­s in inflation. Saved money might not cover what we­ planned because costs went up.

So, how do we escape from these­ issues?

The Blockchain and Crypto could be the answer to this problems. It's a system that allows anyone to save money securely without the usual banking stress and pressure. With your savings in Crypto, you do not only save yourself from banking stress, you become your own bank, having total control over your money. You can choose when and how you spend your money without anyone restricting you like the cash withdrawal restrictions we are going through in the hands of our central banks.

Moreover, savings in Crypto helps secure your money from the power of inflation. When inflation hits, prices of goods and services goes up, eating away the purchasing power of your money. However, with your savings in Crypto you can be rest assured that your money does not devalue, but instead, it appreciates in the long run.

Therefore, this allows you to save for college education for your children when they will grow up. You can save to buy a house in the future without the fear that prices of property might become too high for you to attain.

That's exactly how I see the inleo LPUD to be. A Blockchain savings system that helps you think forward in your savings. Each LPUD activities done, whether big or small is like adding a block to a building, where the blocks add value and increases the building's overall worth. The more blocks we add the more valuable our building become.

We are lucky to have this kind of technology and innovative way to save and secure the fruits of our labor in a world where the purchasing power of our money keeps devaluating. I see the LPUD exercise as not only a revolutionary investment opportunity, but also a tool that can protect the future generations from a failed system that may soon collapse.

What's next for LPUD

The future is bright for everyone who has been consistently participating in the LPUD. Whether you believe its potential or not, you are one of the few who understands the power of the Blockchain and saving in Crypto.

As a believer of this system I added a block to my future building once more by powering up about 74 LEO. This value can make a difference in the long run.

Long live #LPUD! Long live inleo!

Posted Using InLeo Alpha