Real estate and stocks are a scam but 99% of people aren't ready for this conversation yet
#Bitcoin will take over both of these markets over time
Real estate is a way for governments to extract property taxes and for banks to earn interest
Governments want home prices to go up so homeowners feel a false sense of security and pay more in property taxes over time
Banks want prices to go up so they can hand out bigger loans and earn more interest
Stocks are a way for Wall Street to earn profits
When you can hold your own assets, you don't need the financial industry to hold them for you and governments also can't track your wealth
How many people hold the deed their house or stock certificates?
Probably less than 1%
This means the financial industry owns our assets and it can take those assets away from us
Stocks are held by custodians and they can do whatever they want with your wealth
GME is the best example of this scam
Hedge funds were shorting more shares than what was in existence
They were intentionally trying to bring the stock to zero to maximize their profits
Real estate should NOT be an investment but we've been brainwashed to believe it is
We use real estate as collateral for debt
The wealthiest people have hundreds or even thousands of units and they are being used as savings accounts
When people buy more houses than they need, they compete with families who are trying to buy a house to live in
This pushes house prices up and prevents people from having a stable living situation
Bitcoin is an abstract concept and many retail investors get angry at the idea of it being widely used as a savings tool
EVEN THOUGH IT WOULD DIRECTLY BENEFIT THEM
rajatsonifnance / Rajat Soni, CFA
npub13w…pnp8z
2024-06-18 12:22:40
Author Public Key
npub13wl6gy2kp02zafh6vr8jfh58mzxxeza7as5mmx325xyq9x4z9rxqgpnp8zPublished at
2024-06-18 12:22:40Event JSON
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"content": "Real estate and stocks are a scam but 99% of people aren't ready for this conversation yet\n\n#Bitcoin will take over both of these markets over time\n\nReal estate is a way for governments to extract property taxes and for banks to earn interest\n\nGovernments want home prices to go up so homeowners feel a false sense of security and pay more in property taxes over time\n\nBanks want prices to go up so they can hand out bigger loans and earn more interest\n\nStocks are a way for Wall Street to earn profits\n\nWhen you can hold your own assets, you don't need the financial industry to hold them for you and governments also can't track your wealth\n\nHow many people hold the deed their house or stock certificates?\n\nProbably less than 1%\n\nThis means the financial industry owns our assets and it can take those assets away from us\n\nStocks are held by custodians and they can do whatever they want with your wealth\n\nGME is the best example of this scam\n\nHedge funds were shorting more shares than what was in existence\n\nThey were intentionally trying to bring the stock to zero to maximize their profits\n\nReal estate should NOT be an investment but we've been brainwashed to believe it is\n\nWe use real estate as collateral for debt\n\nThe wealthiest people have hundreds or even thousands of units and they are being used as savings accounts\n\nWhen people buy more houses than they need, they compete with families who are trying to buy a house to live in\n\nThis pushes house prices up and prevents people from having a stable living situation\n\nBitcoin is an abstract concept and many retail investors get angry at the idea of it being widely used as a savings tool\n\nEVEN THOUGH IT WOULD DIRECTLY BENEFIT THEM",
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