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Message Subject Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
Poster Handle Anonymous Coward
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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.
 Quoting: Anonymous Coward 42717143


The reason houses can’t be bought with cash after a couple years of saving is because the banks drive the cost up into the stratosphere.

This is banking 101. The creation of the 30 year treasury bond was the death knell for affordable housing.

Do some research, you will likely be anti-bank once you do.
 
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