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> If you have money, use it to reduce your dependency on future money. Spot on. People talk about the rat race. Just like any race, the idea is to finish firs
by ZenoArrow 12y ago
> If you have money, use it to reduce your dependency on future money.
Spot on.
People talk about the rat race. Just like any race, the idea is to finish first, but that doesn't mean working your arse off until you pop your clogs, it means stopping running first, or at least that's how I see it.
The financial game is rigged. Consider, a bank wants to lend money to help you start a business, because it thinks you'll be successful. The benefits to itself if you're successful are twofold, you pay back the loan with interest, and the money you've used to pay off the interest has come out of the pocket of savers, so less interest to pay out to them too. A term you'll hear in the banking world is 'liquidity', which describes how easily money flows through the system. The goal isn't to make other people rich through savings, the goal is to get everyone spending, and make sure they get their cut. If their plan backfires and people stop spending and start saving, we have a deflationary recession, governments start implementing austerity measures, and all that's really happened is people being more careful with their money.
Then there's the whole game of infinite growth on a finite planet, but I imagine that's backwards enough for everyone to see.
There will be another economic revolution, within this century I'd imagine, Jah knows what it'll look like but we won't keep our current system forever.