Replying to Avatar Alan ₿

“People only go into debt in an emergency. So we increase the national debt and circulate more and more purchasing power to keep the economy running by having wars. It’s a perpetual state of emergency. But actually, going into debt is gobbledy gook. All you’re doing is issuing credit based on the productive part of the community. We are not in contact with the physical world. Imagine if young people become aware of this?”

— Alan Watts

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Bitopia 2y ago

The best way to handle debt in a fiat environment is to get as much of it as you can afford per month and load up on real/hard assets.

The real value of the debt keeps falling while your assets keep rising.

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