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Thread: Destroying the Meaning of Saving

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  1. #12
    Quote Originally Posted by shikamaru View Post
    An avenue I am pursuing is "removing one's self from the loop".

    Debt, income, taxes, interest, payment ....

    I theorize that if a system is sufficiently well engineered, one can remove themselves from the loop. The system feeds, satisfies, and runs itself.
    Exchanging energy (and time) is too high a price to pay for currency based on promises to pay.
    So long as the system satisfies the taxing authorities while generating sufficient revenue while paying for your lifestyle and building your private monetary system simultaneously, you are good.
    DM: In other words if you endorse private credit from the Fed you invest (speculate) Into a known loser money market.
    How does one stay ahead? [Aside from the obvious - lend money at high interest.]

    Answer: Groom your mental capture in academia and pursue a carefully prepared reputation and career. Then be sure to save/invest wisely so that you can send your children to college and retire comfortably.

    Or you get ahead by investing in human frailty - like TRUMP and his gambling empires.
    Last edited by David Merrill; 04-25-20 at 08:34 PM.

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