Archived Kim Dotcom says dump 'worthless' dollar in favor of gold & crypto as US debt spirals out of control (rt.com)
submitted ago by JesusRules
Posted by: JesusRules
Posting time: 2.3 years ago on
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Archived on: 11/12/2018 10:00:00 AM
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33 upvotes, 7 downvotes (82% upvoted it)
Archived Kim Dotcom says dump 'worthless' dollar in favor of gold & crypto as US debt spirals out of control (rt.com)
submitted ago by JesusRules
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[–] vastrightwing 0 points 4 points 4 points (+4|-0) ago
There is no debt. Currency has no assets to back it up. When you borrow USD, debt is created from nothing. We are forced to pay back a debt that is as fake as CNN.
[–] no-hurry-no-pause 0 points 1 point 1 point (+1|-0) ago
Not only debt is created from nothing, ALL money is created from nothing.
[–] [deleted] 0 points 1 point 1 point (+1|-0) ago
[–] Fitblue 0 points 1 point 1 point (+1|-0) ago
Your entire first paragraph is factually wrong.
If you take out a fixed rate loan, the principal and interest portion is not affected by inflation.
In fact, it’s the exact opposite of that. A 30 year fixed rate loan is a hedge against inflation.
[–] vastrightwing ago
Correct. People tend to view value in terms of USD not value of labor. Bankers can steal your labor by devaluing currency. They can buy the whole economy eventually by flooding enough currency