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02:07 AM
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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:MV81MjkyMTQ1Xzk3NTQzMzE0XzFBRjgxODgw] [b]Create implied insurance[/b] Everyone that has an income of any kind should save about 3% in a stash that is solely for the purpose of giving to the poor. Not just any poor bastard, but specifically to the poor within the exclusive economy. “Poor” means someone that had an accident and broke and arm and needs care. “Poor” means a family that had a house burn down. “Poor” means a harvest that flooded out and needs a wall built to make the field safe from flooding. “Poor” means a young family that is highly skilled, but needs a facility to execute said skill. There will always be some sort of network in any economy. The closest people to the “poor” person should empty their insurance first, then the farther away in the network, etc. Generally this will be family first, friends later, etc. <The End> [/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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