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05:28 PM
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Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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[quote:Anonymous Coward 79986956:MV81MjkyMTQ1Xzk3NTQzMzA2X0VERUQ0OEVE] [b]There is always excess, use the excess[/b] This is perhaps the most difficult for Americans to believe. There is always excess, even in the poorest situations. Always USE the excess. Among 20 families there is always enough money to build another nice house, and buy another good piece of land. DO IT. Saving that excess is waste. Using the excess is always profitable. Issue internal notes of debt, and do not charge interest. Allow the notes to be trade-able. Guess what? You now have your own currency. It is best to make the notes expire… or the notes themselves will become hoarded. Defeats the purpose. The law of Moses gave every note a maximum lifespan of 50 years. Add the idea that children (under 20) cannot hold a note and you have an extreme case of 70 years. [/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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