You are viewing a single comment's thread from:
RE: Americans Are Broke! MASSIVE DEBT! Should You Save For Retirement or Buy Stocks?
It seems that the global debt bubble is about ready to burst and the overly indebted western world will suffer most. I dread the consequences but I've been telling people for many years to avoid debt. When the going is good people love to buy new things on credit so a cautionary voice is the last thing they want to hear.
That's for sure. You can even see it on the comments of my YouTube channel. They say I'm crazy for recommending people get out of debt. What a crazy concept!
They are students of the banking industry & worshippers of things. One day they will figure out the definition of usury, but not before they get foooooooooked 😂
Virtually nobody understand the real theory of money. I only started to understand it 10 years when I started watching alternative media and got rid of my TV. It's hardly surprising really. I met someone today who was excited about purchasing a new house to rent out on an interest only non-fixed mortgage. It wasn't someone I knew well so I didn't want to 'burst their bubble' (excuse pun).
Good for you for educating yourself. When people tell me they bought a house, I can’t help but ask if they bought the house or bought the debt? Meanwhile rent inflation is Sky hi, I wonder why?