Yuuuup 🫡👏🏻
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.
Discussion
Thanks!
First zap received!
If I can figure out how to go on Nostr, connect a wallet, etc, it will quickly be easy enough for 80% of people to do it.