Mageshwar Medak on Nostr: Is that so..:) ... "If The U.S. defaults on its debts the modern economic system ...
Is that so..:)
...
"If The U.S. defaults on its debts the modern economic system globally would collapse.
So much of The Global Economy is built on The Full Faith, and Credit of The Dollar."..ð
...
I have no faith in Fiat money system, including The Dollar.ð
I never rely on credit, I never need to take any loan..
I might take some small financial help from my folks occasionally, as they also take help from me, but i primarily rely on profits received from my customers..and re-invest major portion of that as my working capital..
No credit..
Some people ask me, "Give me Rs.10,000 today, i,ll return Rs.10,000+1000 tomorrow"..
I say no..
I,ll take Rs.100 profit today, rather than Rs.1000 profit tomorrow.ð, i tried that earlier but most of time, it's unnecessary risk!.. So, settle the transaction today, right now!..
Debt is actually tax in the future taxpayers!,...credit, loan etc..are settlement in the future,..,and future is unforeseeable, anything that is unforeseeable is a risk. So, it is always better to avoid unnecessary risk as much as possible.. ðâðð.
...
"If The U.S. defaults on its debts the modern economic system globally would collapse.
So much of The Global Economy is built on The Full Faith, and Credit of The Dollar."..ð
...
I have no faith in Fiat money system, including The Dollar.ð
I never rely on credit, I never need to take any loan..
I might take some small financial help from my folks occasionally, as they also take help from me, but i primarily rely on profits received from my customers..and re-invest major portion of that as my working capital..
No credit..
Some people ask me, "Give me Rs.10,000 today, i,ll return Rs.10,000+1000 tomorrow"..
I say no..
I,ll take Rs.100 profit today, rather than Rs.1000 profit tomorrow.ð, i tried that earlier but most of time, it's unnecessary risk!.. So, settle the transaction today, right now!..
Debt is actually tax in the future taxpayers!,...credit, loan etc..are settlement in the future,..,and future is unforeseeable, anything that is unforeseeable is a risk. So, it is always better to avoid unnecessary risk as much as possible.. ðâðð.