Aurelius on Nostr: The goal of the FIAT industries is to shift an ever larger percentage of the ...
The goal of the FIAT industries is to shift an ever larger percentage of the peoples’ income into rents: home insurance, mortgage interest, realtor fees, construction costs, inspection fees, etc. As long as the people believe that real estate “always go up,” it’s easy to encourage them to drink from the well of ever-indebtedness. The virtue of home ownership is key, and an ever-explaining money supply is key. There was a time that a man could buy a house for 2-year’s labor, and still eat. Now he’s on the hook for 30-40 years and is buying his house 2-3 times. This is debt peonage, and Karl Marx, Adam Smith, JS Mill, Bertrand Russell, Noam Chomsky, and Sheldon Wolin all said (in different ways) that debt peonage is slavery. The difference is, that the masses are aware of slavery and so they fight it.
Published at
2023-07-05 22:21:25Event JSON
{
"id": "248a21ba1ef63d9e85cbc9e99124aa980a753c9f7dc28ad06526d7f30a1e9a3b",
"pubkey": "d149cab746f9fba6d4cc492f05c9a61bf18f016905038bd2ce656ca75ba1ec42",
"created_at": 1688595685,
"kind": 1,
"tags": [
[
"e",
"8f648bc12a8ab36131d41cd0ab00680963f037c1ae7ed418c693038b29c76073"
],
[
"e",
"9ee8a2f08d938cfcaecca519e7d11567cd44b0b74d3482dd6227bd6376513e12"
],
[
"p",
"631d4c6f9fd99805a364a2077adec3d6521ed912749d69402aae95f9cdfcd31c"
]
],
"content": "The goal of the FIAT industries is to shift an ever larger percentage of the peoples’ income into rents: home insurance, mortgage interest, realtor fees, construction costs, inspection fees, etc. As long as the people believe that real estate “always go up,” it’s easy to encourage them to drink from the well of ever-indebtedness. The virtue of home ownership is key, and an ever-explaining money supply is key. There was a time that a man could buy a house for 2-year’s labor, and still eat. Now he’s on the hook for 30-40 years and is buying his house 2-3 times. This is debt peonage, and Karl Marx, Adam Smith, JS Mill, Bertrand Russell, Noam Chomsky, and Sheldon Wolin all said (in different ways) that debt peonage is slavery. The difference is, that the masses are aware of slavery and so they fight it.",
"sig": "5a810b388b8f1d18074bc50bd6e8b1fe5c4eb62ae86e3d9a050c959d49a057e9c6ebb47b4223cb2933e415ca0219f14f930ab93f7f7b04779380ef988d905262"
}
