garyj on Nostr: In a geometrically expanding debt system where interest on debt owed on one loan must ...
In a geometrically expanding debt system where interest on debt owed on one loan must be paid from new debt, it is not possible to stop the debt expansion , except for some very temporaryy moments, unless you want to crater the economy. The choice is inflate to be moon ,and eventually hyperinflate, or crater the economy.
Holding a debt free instrument like bitcoin, you just have to be patient. Wait and the value will come to you.
Gradually , then suddenly. We are far closer to suddenly than gradually.
Published at
2024-08-30 06:40:40Event JSON
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"content": "In a geometrically expanding debt system where interest on debt owed on one loan must be paid from new debt, it is not possible to stop the debt expansion , except for some very temporaryy moments, unless you want to crater the economy. The choice is inflate to be moon ,and eventually hyperinflate, or crater the economy. \n\nHolding a debt free instrument like bitcoin, you just have to be patient. Wait and the value will come to you. \n\nGradually , then suddenly. We are far closer to suddenly than gradually.",
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