How deeply in debt are you?

[Baler]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

a mortgege is debt and a good investment (unless my theories are correct and ww3 is looming) but some debt is good, just make sure you only win when you spend it.

My bank keeps trying to talk me into getting debt(dept) so I can build credit and i'm like. I pay in cash [You must be logged in to view images. Log in or Register.]

I don't need credit, credit is scam. It's brainwashing.

However I've lived on the same property I bought over 10 years ago. not totally up on what's the happening now in 2021 for buying land.

[Jibartik]

Yeah man owning a house outright is basically peak living IMO no real need to go anywhere else from there, a home you love, that you own? That's a spot to spend the next 40-60 years [You must be logged in to view images. Log in or Register.]

[Cassawary]

Originally Posted by Baler [You must be logged in to view images. Log in or Register.]

My bank keeps trying to talk me into getting debt(dept) so I can build credit and i'm like. I pay in cash [You must be logged in to view images. Log in or Register.]

I don't need credit, credit is scam. It's brainwashing.

However I've lived on the same property I bought over 10 years ago. not totally up on what's the happening now in 2021 for buying land.

That's respectable for an individual but operating a nation on the same principles is suicidally ignorant

[Kaveh]

Originally Posted by Cassawary [You must be logged in to view images. Log in or Register.]

That's respectable for an individual but operating a nation on the same principles is suicidally ignorant

Debt is also suicidal longterm. If we can’t raise interest rates, we will see inequality continue to spiral. That or we’re going to outright confiscate property in the name of redistribution, which pretty much undermines the entire purpose of the experiment started at Lexington and concord

[magnetaress]

America should have been the one issuing debt to the rest of the world. All the foreign aid? Should have come with a contract. Foreign wars. Paid in full up front by not us.

I have zero respect for people because of this. While my respect is at zero. Doesn't mean I don't care about my fellow Americans. But trust. Lol.

[Cassawary]

Originally Posted by magnetaress [You must be logged in to view images. Log in or Register.]

America should have been the one issuing debt to the rest of the world. All the foreign aid? Should have come with a contract. Foreign wars. Paid in full up front by not us.

I have zero respect for people because of this. While my respect is at zero. Doesn't mean I don't care about my fellow Americans. But trust. Lol.

We kinda do, as the reserve currency.