This is defeatist. You can pay off your student loans (I did) and your mortgage (I did). You don't need a smart phone or a phone plan (I have neither) or netflix (also don't have it). Don't accept "the world mandates that I do X" ; create your own path.https://twitter.com/AetiusRF/status/1121162094320259077 …
> Credit ought to be lent by people who have money to lend. That's exactly what happens. Without someone depositing cash, no money is lent. > the hidden inflation of the money supply it's not hidden and it's not bad
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Not with fractional reserve banking. Banks lend money to other banks in a shell game, accumulating interest on every transaction. That inflation is hidden to consumers who have no idea the money in their wallets is losing value due to something bankers do among themselves.
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It's easier than running printing presses because all the "money" is on balance sheets. Digital monopoly money, which they can use to transfer wealth from a country to themselves. That money was not printed to represent the growth of real wealth in the economy. It's theft.
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