pull down to refresh
54 sats \ 29 replies \ @DarthCoin 15 Sep \ on: Getting out of debt bitcoin_beginners
Also think about this: to be in (fiat) debt it means somebody will create those money that you do not have (in fact with your own signature) and also they do not have (aka scam) and give it to you with interest.
Explained very nicely in this movie scene (El Concursante)
So by entering in fiat debt, you are literally supporting the scam (creating new money out of thin air). You are supporting your own slavery.
In order to destroy fiat, first we have to get rid of fiat debt.
https://i.postimg.cc/W1RWZRVW/btc-deathstar-logo.jpg
Excellent video, and best of all it was in Spanish.......so I could understand it 100%!!!
reply
A good read for all fiat loan lovers here: #816795
reply
If you can manage to avoid getting margin called long enough for the BTC to appreciate faster than the loan's interest rate, the victim isn't you.
reply
You are not paying attention. You are still part of the problem: creating more fiat from thin air (aka with your signature).
reply
Then what you're effectively suggesting is that only fiat companies be allowed to take advantage of the money printer. Why shouldn't we use it for ourselves while it lasts?
reply
reply
I'm not the one printing the money. I'm allocating the money being printed. It's better that it goes to me instead of bombing the middle east.
reply
You're not taking advantage, you're dancing on quicksand with the bank owners and politicians on your shoulders.
reply
They're always on your shoulders, whether you take the money or not.
reply
Not true.
I owe the fiat debt slavery bankers nothing and I can tell them to fuck off - and I do.
If you are in debt you are not free.
Start working toward freedom today or remain a slave to the fiat bankers.
Up to you.
reply
I'm not paying more than the minimums while BTC is under $200k. A gain of >100% in less than a year outweighs a 30% interest rate. Why would I pay everything off now, if I can just wait a few months to pay it off with half as much BTC as I would otherwise need to sell?
reply
Because the banks are parasitic leeches that you don't want to feed?
Because you want to be free from the fiat parasites and leave them to die?
While I understand your reasoning, to use the fiat debt leverage to speculate on Bitcoin, that is, in my opinion, a trap...but it is also a thing where it depends on your priorities.
If you are comfortable using fiat debt leverage to speculate then that's your choice...it's just not a choice I would make.
reply
Guessing this is your first four year cycle.
reply
reply
The money is getting printed either way. I'm doing the work of funneling it into Bitcoin.
Any time you acquire fiat, it's because someone borrowed it to pay you. How is it any different if you're the one borrowing it?
reply
Wrong.
It is not getting 'printed' anyway.
Private banks can only create new fiat when you undertake debt obligations to them.
Get it yet???
reply
You're not taking the math out far enough. Look at how specific numbers play out.
Let's say ZOG is scheduled to print $1 trillion next year, but then I add $20,000 to it with my student loan. So now they'll print $1 trillion and $20k instead. Does that change the value, in terms of spending power, that is getting siphoned away from bondholders? (who, by the way, are choosing to invest in this thing that I'm printing for free, against my advice). It doesn't. The total fair market value of the total money supply stayed the same, it's just that each individual unit is worth less. So I'm only changing the allocation of the heist. The paper fell out of the bank robbers car. Would you rather I pick some of it up, or let the gang who are even worse people than me keep it all for themselves?
reply
Fuck that.
reply