You Are The Collateral

The world we live in today is all about parasitic rent-seeking, you can see it in the number of zombie companies we have today. We can see it in the level of over-indebtedness, we can see it in the number of people who want wealth without work. We can see it in how prevalent gambling is, we can see it in the desperation to be a 1%er and not someone who creates actual value.

Ask most people if their aspiration is not to work, their aspiration is to be rich and spend money that keeps returning to them without much work. We want to live off the backs of others and we don't care who we hurt and who we step on to get there.

People call it just business, but it's not, business is competitive and it should be so the best products rise to the top, but business can only be competitive if the playing field is fair.

When some get preferential access to new money creation, you're ultimately deciding who wins, you are the king maker.

We live in a creditocracy

I don't have any personal debt, no student loans, no home loan, no car loan, no personal loans, nothing. I am debt free and I intend to remain that way even though in the current system, taking out debt is encouraged and in fact, you're rewarded for it. As currencies inflate, there are more currency units floating around in the system.

The more currency units, the more you devalue savers' purchasing power and at the same time the more you devalue, people who hold debt, the debt becomes cheaper to service, and with super-low interest rates, it's even more attractive.

Now cash can deflate in short-term rallies, but overall the trend remains constant and downward, cash is designed to devalue, because of the way the credit system backing it works.

Now while I have been as responsible as I can in my personal life, my government hasn't been. They take out loans from the IMF to prop up first-world countries industries, they issue bonds and misallocate capital so as to not get a return on it, and then stick the repayments with its citizens.

I have to pay taxes and the cost of living increases through inflation, by me living in a country I take on the debts of the country, we are the collateral backing all the loans and debt on your country's balance sheet.

Forget what backs UST, what backs USD?

What backs USD is fear, it's the monopoly of violence, Americans pay their taxes because they don't want to go to jail. Foreigners pay back American debts because they don't want to be sanctioned or have the American military rolling upon their borders.

We are all the collateral of the system, the bond market, and credit risk is the underpinning of the currency, but the only reason the bond market has any value is that people are working their asses off to service that debt.

People are living beneath their means, especially in developed nations, to service that debt. A debt that is becoming increasingly heavier, and near impossible to service, without increasing currency supply.

Limit your collateral obligations

Now you cannot get around inflation, you cannot get out of paying taxes, you cannot get out of fiat obligations to acquire goods and services, so you need cash and have to take the burdens of cash. However, a part of you can opt out, you can take that money and protect it in a system that has no rent-seekers, that has no need to create debt, and that has reduced inflation over time.

Bitcoin is the only technology that offers this, but it's lumped in with crypto, which is just another extension of the fiat system. It's there to confuse you, to keep you guessing, to encourage you to realize your gains back into fiat or lose it all and work for fiat once again.

I see so many people working against themselves because they are so lost in the marras of bullshit, there is too much group thinking and too little critical thinking. A part of me feels for people as they become destitute, but I can't do anything about it. I can only offer you my solution, you have to take the steps yourself.

Regardless if you take the path or not, I will, and I will benefit from these decisions. I benefit from busting my ass every day and securing that value I earn into the most secure money on the planet.

There is no shortcut to freedom, there is no easy way to self-sovereignty, and everything else is a lie.

Have your say

What do you good people of HIVE think?

So have at it my Jessies! If you don't have something to comment, "I am a Jessie."

Let's connect

If you liked this post, sprinkle it with an upvote or esteem and if you don't already, consider following me @chekohler and subscribe to my fanbase

Earn Free bitcoin & shop	Earn Free Bitcoin & shop	Claim Free Bitcoin & Shop

Posted Using LeoFinance ^Beta