Even on a National scale when the Creature from Jekyll Island was created it gave our leaders the ability to run a debt based economy. Soft Tyranny seems to follow shortly after. Does fractional reserve banking help fund advancements in technology? Sure. I think so. But at what cost to freedom?
Follow the money to the top most need to be brought to justice for crimes against humanity. Seriously those guilty ...... drawn and Quartered comes to mind as their ancestry invented and used it on freedom lovers in the past I suspect.
AS long as there are things like property taxes we will NEVER be out of debt. With that said, my wife and I have striven to pay off debts a long time ago and not create any new debt. It works. We could have saddled ourselves with a nice big McMansion, fancy vehicles, and all the trappings, but decided not to. We are much better off for it in our retirement.
The rat wheel. Very good points made. We have a mortgage 3 1/2 % and that is it. We also don’t buy things we can’t afford. You mention the start of the rip off. Jeckel Island If you look at the US Debt Clock ( one of Dino’s favorite sites) https://www.usdebtclock.org/gold-prec... Info can be found showing in 1913 the dollar to silver oz RATIO was $2.67 to 1 oz today it is $3033 to 1 oz. This inflation is the result of Fiat Currency. We are witnessing the implosion of the $. The FED just needs a war to blame it all on.
Seriously those guilty ...... drawn and Quartered comes to mind as their ancestry invented and used it on freedom lovers in the past I suspect.
We have a mortgage 3 1/2 % and that is it.
We also don’t buy things we can’t afford.
You mention the start of the rip off. Jeckel Island If you look at the US Debt Clock ( one of Dino’s favorite sites) https://www.usdebtclock.org/gold-prec...
Info can be found showing in 1913 the dollar to silver oz RATIO was $2.67 to 1 oz today it is $3033 to 1 oz. This inflation is the result of Fiat Currency.
We are witnessing the implosion of the $. The FED just needs a war to blame it all on.