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02:16 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 82070612:MV81MjkyMTQ1Xzk3NTU0MDAxX0QxNzg3MjFF] [quote:Anonymous Coward 84493348:MV81MjkyMTQ1Xzk3NTUyMDg0XzRDQTA1MzQ1] [quote:Anonymous Coward 42717143:MV81MjkyMTQ1Xzk3NTM1OTU3XzdENDE4QTI0] [quote:Anonymous Coward 84795815:MV81MjkyMTQ1Xzk3NTM1OTM3XzJCMUIyREEy] The biggest crisis of our time is the 21st century lending crisis. Lenders are creating outrageous terms meant to fail & giving them out to everyone just because they qualify to get fckd. The cap that they put on interest rates are determined by people lobbying on behalf of the lenders. Balloon payments should be illegal. Arbitrary adjustable payments should be illegal. When interest rates fluctuate, it's not proportionate to inflation and it does nothing but tighten the vice grip even further. Precious metals are nothing but a store of value; the argument that we should go back to PM is a false paradigm meant to muddy the very real dialog that needs to be had. At this point if we went backed to asset beacked currency for the dollar, it would hurt the dollar more than help it due to all the cash now in circulation. I'm too young to remember but there used to be a time when the main way people bought property was all at once. It sounds crazy but that was reality. The baby boomers messed that up living outside of their means because the financial institutions instigated it; that's why we're here. [/quote] Lol what? The 21st century lending crisis? You do realize for the past almost 10 years that money has been the cheapest basically it’s ever been? Instead of having such a strong opinion about things you clearly know nothing about, maybe try educating yourself a little bit. And that doesn’t mean watch bitchute videos. It means real education. [/quote] Your a pretentious antagonizer that isn't interested in any meaningful dialog. They were agreeing with you & it went right over your head. The only differing opinion was that you seem to think everything is just fine; almost taking the stance that it's never been better. Your response was a very bold statement; What exactly does "money has been the cheapest its ever been" even mean? [/quote] Well see, I was right. If you don’t understand what cheap money means, you aren’t qualified to have a strong opinion that is meaningful. You can have your own opinion. It just is irrelevant. That’s like someone telling you how to play soccer and then asking you ‘what’s a yellow card’? [/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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