FreeYoda on Nostr: The monetization of stuff and labor made modern society possible. But the unlimited ...

The monetization of stuff and labor made modern society possible.
But the unlimited creation of fiat has also monetized some of the future.

Taking out credit, like a mortgage or just a loan, is nothing else than pulling put some value from the future.
It doesn't always have to be bad, like when one loans money to increase productivity which has a higher return than the cost of the loan, but a lot is not for such purposes.

Never the less the debt has to paid, one way or the other, and as usual with an interest !

We have become so efficient with scale increase and hiding risks, we are now in a situation where the outstanding debt is hardly able to ever be paid back in normal ways.

We now have not only monetized labor and stuff but also lives, and probably multiple times.
I already told we are good at hiding stuff, but combined with not willing to see, or know, you get crazy stuff.

Hence most, read Governments etc., are not talking about how to pay it back, only about how to keep stuff going, usually by issuing even more debt.

The reasoning we could just default is acceptable by those in debt, but the creditors see things a bit different, as usual.

Paid back by goods, land, labor, suffering or lives, debt is always being paid in the end.

The current system is on its last legs.
I don't care how you protect yourself, skills. community, PM (not sure about this one, I reduced it to a minimum but it's hard to see it completely disappear any time soon) or Bitcoin (preferably all), you need to start working on it !