My Grandpa told me its way better to just go get a small loan from a bank, dont spend it, hold onto it awhile, then pay it back a little early with the interest

He is a successful business owner and has gotten a million+ dollar loan before

Black dude at cell phone store ran a credit check and was like "I never seen one that high!" I laughed for different reasons

my college is payed for, so little debt from that at least

I have a cc but no debt

only debt i have is my house

Budget my months spending, pay it off, build credit (not that I like "credit")

How many people know that if there was no debt the economy would collapse? Given how our finance system works

“Yeah I’ll take uhhhh 2 hour long blackpill stream in general”

#endthefed

Not an economist, but it seems it's built on debt

Debt based economy ftw

Woo! Fractional reserve banking

@DixieBoy76 - KY

@DixieBoy76 - KY that's what happens when we discuss circumstances in the current year

maybe money should be backed by labor/service?????

Nah, faith. Thats what currency is best backed by

If we're going to get autistic about economics, I'm going to the gym, lol

Personal currency backed by own manhours and traded on blockchain when?

Oh, economics? *eyes glaze and fall out of head*

Virgin economist vs. Chad gym bro

looks like its time to get off general *economics*💤

This is how jews win. You literally cant think about how they maintain power without falling asleep. Joking but also not.

I like ecenomical discussion. I find it fascinating

there was once a man who had his country's currency backed by labor/service

I like the economy of motion involved in pull ups

My theory? Trash economy. Use little cubes of trash as currency. Everyone becomes rich, pollution ends.

Pull ups are so rare they should be currency

@Flint I just got to the gym myself 😂

showoff

I'm actually going right now as well.

I have to wait until about 7pm so the after work crowd leaves

Sitting on benches forever, not rackong weights, doing cardio all up on you

I should probably go to the gym. Ive always stayed pretty thicc without exercise so i havent had the motivation since high school

I'll get too thin if I don't eat and work out

@Grayson I had one hell of a back workout last night. Feels good man. Imma have to arm wrestle u at LOPF

In order for economy to stay afloat more loans must be issued than currently exist in order to provide the money to pay the interest on existing loans.

Fractional reserve banking

@FACINEMA 😅 no please don’t because you’ll definitely win !

That means all economic activity is ultimately directed by banks. That means more power lies with banks than with governemnt (since banks are also largest political donors)

https://youtu.be/65epASHLblo