Just listened to Bitcoin Audible #765 with TheGuySwann (npub1h8n…rpev) and something finally clicked at the extent of the Ponzi. There is no market for houses or cars without borrowing against your future earnings. The market for $80k cars (if everything is paid in cash) isn’t enough to support production. But, the market for a $1250 per month for 60 months car payment is there.
The entire debt based economy is just pulling forward future demand, so it’s a matter of time before it gets out over its ski’s and falls forward into recession.
People make better decisions in a sound money economy. This helps explain why so many people are making so many bad decisions.
/ Hal
npub1k5…jh80f
2023-09-19 14:19:21
Author Public Key
npub1k5nydsvpvsujr92esx4aep8f8usqezg3hfp920mz33033ad28dhsdjh80fPublished at
2023-09-19 14:19:21Event JSON
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"content": "Just listened to Bitcoin Audible #765 with nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev and something finally clicked at the extent of the Ponzi. There is no market for houses or cars without borrowing against your future earnings. The market for $80k cars (if everything is paid in cash) isn’t enough to support production. But, the market for a $1250 per month for 60 months car payment is there. \n\nThe entire debt based economy is just pulling forward future demand, so it’s a matter of time before it gets out over its ski’s and falls forward into recession. \n\nPeople make better decisions in a sound money economy. This helps explain why so many people are making so many bad decisions.",
"sig": "dc3106cc935e64a2771125f13f7b7efa4a863bbd8b8cec2962a1cd51609a4498061a65720ec5f8317595282f6dd4b01d1114766b0b011efd667572816212d090"
}