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
Last edit time: never edited.
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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[–] [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.
[–] viperguy ago
If you think THAT mistake is bad, look at the guy in this thread (fluhthreeex) that said I was wrong and that the Russian Ruble ROSE UP in value against the us dollar because google chart showed it going from 33 to 67.7 this week!!!
hah
He did not understand conversion direction !!!
[–] 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
[–] [deleted] ago