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22 sats \ 22 replies \ @siggy47 4 Apr \ on: My Speculative Fiat Attack Fantasy is Over! bitcoin
No need to be embarrassed. Relish that fiat debt. That's how the fiat wealthy got wealthy. That's how fiat governments operate. All that moralizing "debt is bad" bullshit is the way they keep you out of their game. Try to find a really rich fiat guy without debt.
I'm with you, but my realization is that to think I can do a speculative attack without understanding my spending habits of the currency -- that is the liquidity that loses power fast but keeps a score on a sheet -- in other words, I'm not so smart to accumulate Fiat currency debt without keeping a score on my spending...
I hope that makes sense. It's my own realization and also I need to pay attention to my Bitcoin, too!
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Here's something I have done for years. This is not financial advice and I'm not recommending anyone else do it. If you have decent credit, you get 0 % finance offers for credit cards in the mail. If you have a lot of credit card debt at high interest, those offers can help. BUT, and it's a big but, keep this in mind:
1 They are not really 0 %. They charge anywhere from 3-5% up front. It's still a good deal, particularly if the pay back term is more than a year.
2. Set up an autopay for as much as you can afford monthly, and always in excess of the minimum payment due. If you don't make monthly minimum payment, you will lose the interest benefit immediately.
3. Make note of when minimum payment term ends. Then, either plan to pay off the remaining principal before that date, or roll the balance into another 0% offer.
I have bought bitcoin using this method more than once.
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I did this but I lost focus and I could not keep score anymore. I had to shut out all the media and wasted energy. This was 2020 to 2021.
I'm excited to have a good view of my mistakes and what I can do to move forward.
It sounds like you were keeping very good score. This is critical. I venture to class myself as retarded.
Getting rid of the chaff is important.
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I'm humbly listening.
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LOL ..the truth so funny! the humbling feels
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It's humbling to get older and realize how many of the ways that you think were you being a virtuous genius are kind of like that -- hitching your coattails on something you didn't control, getting benefit from it, then looking around contemptuously at all the idiots who didn't fall into the same good fortune.
There's definitely a place for really owning your mistakes and your successes. But the more common mistake by far, in my experience, is to misattribute them.
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This makes me think of the old, wise master who said, "Stay humble, stack sats."
But really in Sanskrit the phrase is/was "Sat Chit Ananda." Which is "Truth, Awareness, Bliss."
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Well said!
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I think it goes back much further. Robert Breedlove's piece on "Masters And Slaves of Money" is a good exercise on understanding debt and money supply.
For me the key is that keeping score is still necessary because I've assigned my signature to that and thus I'm going to work it out one way or the other, unless there is a jubilee.
The lending and dumping of cheap money is also as much my responsibility by demand or accepting it.
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"debt is bad" is not bullshit. If you look at the rich, they get interest rates no average person would be able to get, they get debt forgiveness, they structure businesses and organizations that can go bankrupt while some other business has all the money. You need a damn good lawyer if you really want to play the games that they play.
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This is true. But what I've done that has been positive is I contacted Discover and Chase and I said that I'm way over my head. Discover closed my account and have me 0 percent to pay everything off. Chase sent me to a consolidation service and they got me 1 percent. My student loans (from 2003!) are 2.75 percent. This happened from me just reaching out and talking.
The nice thing is that Bitcoin is helping to perform a balance against. I also need to do the math and see what it would take to erase the slavery.
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I think people, most people are very honest but they are in a system of levers and pulleys and the few in charge of the variables are not disclosing the truth. I also believe in an occult aspect but regardless... There are my actions and surprisingly by asking for help I have received a bit of good fortune.
And also by accepting that I need to keep score and not just the powers to be, I need to accept that I'm playing the game and that I need to keep score and that I need to not be a slave.
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My student loans have a low interest rate which is why I’m in no rush to payoff principal. Recently my payment was reduced from 200 per month to 50. I will be done next year. 20 year loan fixed rate
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I guess my tip of the hat is too communicate that keeping score of the numbers, even if they are not fixed values is the way to succeed.
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But you can play too. Start small with a small credit card balance. Pay it off in time. Take a small bank loan even if you don't need it. Pay it back on time. You will be amazed at how quickly you're flagged as credit worthy. Your available credit will go up and your interest rate will go down.
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Once I get a good picture maybe I will but I am working spiritually and practically. I also want to help others to see the real picture instead of speculation via over confidence.
I'm working on a budget now, too. The reality is that my income is not much better than it was in 1997. That's a hard nut to crack. My voting power has been dwindling. I also have contributed by not being mindful. With inflation my earning to buying power is actually less. I was a lot younger then too.
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