DEBT based system? The system is Fooooook'd
Super excited to pay off my debt!
No joke my wife was telling me about Dave Ramsey! He's like the newest thing since sliced bread!
Eliminate your debt? You don't say!
Live less, save for more later!
One man's spending is another man's income!
Macro is the way!
Why are they always trading some kind of physical bar in the future?
Bank lending is where you need to be concerned! #GOLD, #BTC, doesn't like fiat! USD fiat is blah!
Yes it's true, but what if you went from 20 Trillion to 2 Trillion in paper, prices would adjust. That's called deflation!
But hey, Real-estate and your salary would go down as well. But Deflation from A-B is absolutely nuts! So what should we expect going into 2024. Well more BUSTS of course! The banking system is shitting the bed at the moment and is losing their debt units pretty damn quickly.
It's pretty amazing that the most science fiction future is all about physical commodities that are valued in that particular universe. Now I'm not ragging on the science because it is fiction; but my point is even in future psychology when futuristic space travel, food printers, and unlimited energy would still make people like something physical.
Perhaps it's a limitation of our reality. After all I guess of you have AI, 3D, Virtual reality create all senses for you:
- Touch
- Sight
- Speech
- Smell
- Emotional Stimulation (or mind)
Well perhaps the ELiTE only live in the physical world where they have 'real things'. No matrix references but honestly we are already in a virtual one when our money supply and greater forces shape our future. So in the end deflation is going to REKT too many people in the ponzi. So we go with the highest probable outcome.
There's easy to have an inflationary depression either way. I still like physical things, but so does your caretaker's, ie the government. So use your cash wisely now, get your assets in order that 'they' do not know about. Crypto is going to have a massive propaganda campaign against it. Keep your crypto, but they will eliminate it as an existential threat.
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Good point... Beskar, Latinum, Food Bar (from Firefly)
So happy you cleared your debt! Good way to brace yourself for what's coming, whatever is coming.
I didn't but I'm not so overleveraged I have to sell a kidney.. hopefully
When you pay your debt, you feel less pressure on your shoulders. :)