BOLD!
As a debt collector: how do you see this playing out? No sass 💁🏻♀️ Genuinely interested as we go through switch from fiat to #Bitcoin … some of us want #BTC #Standard & I’ve been considering how this plays into it.
Discussion
Debt isn't about how much, it's about how long.
Followed Dave Ramsey years ago & knew I never wanted debt. 💸 I find the investing side of this confusing 🫤 for some in #BTC
Please understand, I’m not conserved for myself as much as trying to educate others properly 💜🫂
So debt is mostly bad but it's also the back bone of society. When interest rates go up and it's harder to borrow money, banks go bankrupt and companies hire less people as believe it or not, a lot of companies take out debt to pay employees 🙄 😕
Systemic failures multiply and people just like … cost of doing business … it’s a life. No wonder people hate me.
Funny thing it's a giant ass circle. Government prints money, causes inflation, according to federal monetary policy they have to raise interest rates higher then rate of inflation to bring down inflation. Rates go up. Inflation goes down. People go bankrupt. Government steps in, prints money and cycle repeats.
I know. Seen it repeatedly … 2007 was harsh for adult me. Hugs 🫂