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Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM5NTM2XzFGRDA1QkU4] [quote:Larry D. Croc:MV81MjkyMTQ1Xzk3NTM5MzU3XzNBMDBCMDRB] [quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM5MjQxX0NCQkE0RTA5] When you ask empty people questions, you get empty answers… [/quote] Giving "the average Joe" access to the leverage that a well considered loan offers is a benefit. It's as simple as that. Which requires "someone" to be in a position to extend that loan. That "someone" can be a financial institution or, on the other hand, Jimmy TwoTone the local loan shark. I prefer the former. [/quote] Yup Unfortunately the victim mentality and age old propaganda keeps people in the dark and incites jealousy, hatred and anger. Of course lesser educated people who don’t focus on finance aren’t going to do as well as educated people who do spend time learning about finance. It’s not a grand conspiracy. It’s a matter of where people put their time and energy. Some people here have made poor choices in their lives. Now they are hurting for money and it’s hard to feel that pressure and also blame yourself. So, it definitely is a survival technique for struggling people to find a bad guy and take inspiration from hating the bad guy. Then their whole situation makes sense. It’s not their fault. It’s the bad guys fault! All you have to do is get rid of the bad guy! Then the mob mentality kicks in and the rest is ugly history. [/quote]
Original Message
Say you want to buy a house. Should only people that have enough cash be able to buy?
If you don’t like fiat or crypto, do you think everyone should have hundreds of thousands of dollars worth of PM in their homes? I go to buy a house and I need $500,000 worth of gold and I am just going to hand it all to the seller? Who is then going to just trust it’s all real gold?
If you don’t believe in lending and interest, are you a commie that wants other people’s money for nothing? Why should a random stranger give you their money to use for free?
Seems like there is a segment of people who are anti anything financial (because they are financially illiterate) yet don’t have any realistic solutions on how things would work otherwise.
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