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232 sats \ 1 reply \ @Brunswick 31 Jan 2023 \ on: What's your experience with debt? bitcoin
Debt is a tool of the wealthy.
The wealthy can use debt to invest in capital and improve society,
and they can use debt to extract resources from the poor.
Uncollateralized, high-interest debt is Usury, pure wickedness and a snare for the poor.
The wealthy do not indulge in it and never carry an interest bearing balance from one month to the other on their credit cards.
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