Hal on Nostr: Just listened to Bitcoin Audible #765 with TheGuySwann and something finally clicked ...
Just listened to Bitcoin Audible #765 with TheGuySwann (npub1h8n…rpev) and something finally clicked at the extent of the Ponzi. There is no market for houses or cars without borrowing against your future earnings. The market for $80k cars (if everything is paid in cash) isn’t enough to support production. But, the market for a $1250 per month for 60 months car payment is there.
The entire debt based economy is just pulling forward future demand, so it’s a matter of time before it gets out over its ski’s and falls forward into recession.
People make better decisions in a sound money economy. This helps explain why so many people are making so many bad decisions.
The entire debt based economy is just pulling forward future demand, so it’s a matter of time before it gets out over its ski’s and falls forward into recession.
People make better decisions in a sound money economy. This helps explain why so many people are making so many bad decisions.