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0 sats \ 3 replies \ @CliffBadger 16 Sep \ parent \ on: Getting out of debt bitcoin_beginners
Nothing to explain. I already explained it. There's infinite cash. If people stop buying it, then it becomes worthless. If the supply increases (which it does), then it becomes worth less. A word more than that, and it's overcomplicating the issue.
And you are buying it....because fiat money is born out of debt...debt you are using for leverage.
Slave.
Ipso Facto you do not understand the very basics of what you are talking about and doing.
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I'm not buying fiat, I'm borrowing it to buy something else with it, and waiting for sat-dollar parity before trading back into fiat to pay back the loan, after which I still don't own any. My balance is always negative. That means I'm valuing it as being worth less than the market price suggests. That's why I end up with more money. Because my "speculation" is correct.
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Most fiat money in circulation is effectively created when someone agrees to take on the obligation of debt to a fiat debt slavery cartel (central bank) franchised bank.
You are doing that.
You are buying fiat debt by undertaking fiat debt obligations
You do not understand the very basics of fiat money and what you are doing with it.
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