Replying to Avatar Hal

Just listened to Bitcoin Audible #765 with nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev 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.

How far can you strech without breaking?

nostr:nevent1qqs0n83u0tree5kcgqq46zqh02xdztvt4t6cl52xa9v5awr3fulhzecpz4mhxue69uhhyetvv9ujuanpd3jhycfwvdhsyg94yervrqty8yse2kvp40wgf6flyqxgjyd6gf2n7c5vtuv0t23mdupsgqqqqqqsy3nhca

Reply to this note

Please Login to reply.

Discussion

No replies yet.