It's quite interesting how all articles that I've seen around Threads talk about other alternatives to Twitter, such as Mastodon, Threads, Post, and others that I've never heard of before, yet never mention Nostr. We are truly the underdog in this fight for decentralization and censorship resistant social communication.

“Cheap borrowing advantages the borrower.”

Not really. The fact that money is cheap means that everybody has already borrowed on the real assets that you desire. Prices are inflated on houses not as a virtue of their productiveness, but because of available money. Paying 6% interest to borrow on a house that was worth 2 years of your income in 1950, has now transitioned into borrowing at 3% on a house that is worth 12 years of income. You’re paying far far more in interest because you’re playing with an asset class that is massively inflated because of those aggressive loans, because of the myth of necessary home ownership, because of the impossibility of bank default due to bailouts, and because of the belief that prices will always rise.

The goal of the FIAT industries is to shift an ever larger percentage of the peoples’ income into rents: home insurance, mortgage interest, realtor fees, construction costs, inspection fees, etc. As long as the people believe that real estate “always go up,” it’s easy to encourage them to drink from the well of ever-indebtedness. The virtue of home ownership is key, and an ever-explaining money supply is key. There was a time that a man could buy a house for 2-year’s labor, and still eat. Now he’s on the hook for 30-40 years and is buying his house 2-3 times. This is debt peonage, and Karl Marx, Adam Smith, JS Mill, Bertrand Russell, Noam Chomsky, and Sheldon Wolin all said (in different ways) that debt peonage is slavery. The difference is, that the masses are aware of slavery and so they fight it.

That puts every “homeowner” on the hook for 5% mortgage interest for the next 30 years. It shifts an immense amount of wealth from the masses into the financial and real estate sectors. It isn’t that the government wants homeownership. The financial industry pushes the government to incentivize purchases to secure “their” interest, rents, and an ever-inflated asset class that promises greater rents in the future. The financial and real estate sectors are also the ones pushing to lower taxes on real estate, which makes more income available for mortgage interest at the expense of social programs depending on that tax basis.

good morning 🫂💜🧡🥂☀️🤙🏻

Its at 69...

I want to zap but its already at perfect balance...

I'm writing a document covering common objectives to nostr right now. Send me your most convincing FUD

😏

#grownostr

This is fine 🔥🤣