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DEBT

The Debt Box

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r/BitcoinSee Post

NATIONAL DEBT EXPLODES BY 266 BILLION IN ONE MONTH, ROBINHOOD BUYS BACK SBFs STAKE FOR 600 MILLION.

r/CryptoCurrencySee Post

Does The SEC Have a Case? The Hard Facts Behind The iX Global & DEBT Box...

r/CryptoCurrencySee Post

SEC goes after "nodes" and files suit against company for selling "node licenses," Node License=Investment Contract

r/CryptoCurrencySee Post

What its like currently holding ADA. Part 2.

r/CryptoCurrencySee Post

What its like currently holding ADA part 2.

r/BitcoinSee Post

US DEBT EXPLODES as BRICS Calls to End Dollar Dominance! | Bitcoin News Today

r/CryptoMarketsSee Post

SEC Freezes DEBT Box Assets Amid Allegations of $50M Fraud

r/CryptoCurrencySee Post

SEC Accuses Crypto Mining Firm DEBT Box of Fraud; Freezes Assets - Crypto Economy

r/CryptoCurrencySee Post

SEC freezes assets of DEBT Box, alleging $50M node license 'sham'

r/CryptoCurrencySee Post

El Salvador appoint "Bitcoin Standard" author to be an economic adviser. Then man of the popular bitcoin book meet the man who adopt bitcoin countrywide.

r/CryptoCurrencySee Post

[SERIOUS] It clicked: Banks don't store your money. They take it and are in debt to you. But most people in the world don't understand this

r/BitcoinSee Post

We are living in the future. Please read and let me know what you think.

r/BitcoinSee Post

U.S. debt is $31.5 Trillion.. Just DEBT.. Just the U.S.. When people wake up bitcoins market cap will exceed this number putting bitcoin above $1.5 million.

r/BitcoinSee Post

Fiat is HARAM

r/SatoshiStreetBetsSee Post

Thoughts on Debt Box $DEBT

r/CryptoCurrencySee Post

Please take care of the elephant in room nobody wants to talk about

r/CryptoCurrencySee Post

US DEBT: It’ll come crashing down like the rest of our portfolios…right? Right?!

Mentions

I am once again asking you to read the IMF paper published in 2011 titled THE LIQUIDATION OF GOVERNMENT DEBT. What ends up being liquidated is your labor and savings. https://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdf https://twitter.com/dylanleclair_/status/1770810814309503373?s=46&t=ihVglVXC0BQSbw6j57EoaA FFS BUT COME AT US THIS IS WHY WE BITCOIN

>US debt is an order of magnitude greater than GDP Huh? [It's about 10% greater than the GDP.](https://www.imf.org/external/datamapper/CG_DEBT_GDP@GDD/CHN/FRA/DEU/ITA/JPN/GBR/USA) And several countries have considerably more without having the luxury of their currency being the world's reserve. ​ >I’m selling down my stocks now and putting it all into a risk-free asset with true potential as a replacement to fiat. Satoshis. Oh, great idea. Sell high, buy high.

They are afraid of anyone escaping their matrix of control DEBT. Get your Bitcoin anyway you can. Free yourself from them and make them your servant

Mentions:#DEBT

Me who went all in during the 2021 crash: YYYYYEAAH MOTHERFUCKER IM NO LONGER IN DEBT AND THIS BULLRUN JUST GETTING STARTED!!!!

Mentions:#DEBT

Me who went all in during the 2021 crash: YYYYYEAAH MOTHERFUCKER IM NO LONGER IN DEBT AND THIS BULLRUN JUST GETTING STARTED!!!!

Mentions:#DEBT
r/BitcoinSee Comment

THE NATIONAL DEBT IS OWED TO WHOM EXACTLY? Who do we owe this money to? Your Social Security Number is your collateral obligation to the debt collectors of the BANKERS THE IRS

Mentions:#DEBT

tldr; U.S. Senators have criticized SEC Chair Gary Gensler for the agency's unethical handling of a crypto case involving DEBT Box, where evidence was misrepresented leading to a court-ordered asset freeze. The SEC has dismissed the case and is taking corrective actions, including staff training, to prevent future ethical lapses. The incident has raised concerns about the SEC's enforcement practices and the need for oversight in the cryptocurrency market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

So copy and pasting links that mimic your stance is providing evidence? Give me a break lol The economy is growing because we are taking on MORE DEBT to provide the illusion of growth. If borrowing remained the same GDP would drop. The debt required to increase GDP is growing exponentially. You can not exponentially print money. That’s as straight forward as I can make it for you lol the economy is not doing GOOD when analyzed from the debt ratio.. it is doing good ONLY when considering value alone, which we all know is shortsighted.

Mentions:#DEBT
r/BitcoinSee Comment

Guys a tool lol… DEBT!

Mentions:#DEBT
r/BitcoinSee Comment

Hey bro, you can buy more BTC. The peace of mind of having car paid of and no debt is so worth it in my opinion. Do what you feel best about. You are paying interest in car and credit card both. Even if BTC doubles in two years you will still have paid a lot of interest on debt plus your mind will be in a DEBT mindset. All the best

Mentions:#BTC#DEBT
r/BitcoinSee Comment

Fucking A. 100% agreed bro. It’s like why the fuck wouldn’t you want us to be rich to pay our debts? Paying our debts…..lowers the DEBT!

Mentions:#DEBT
r/CryptoCurrencySee Comment

tldr; The U.S. Securities and Exchange Commission (SEC) admitted to providing inaccurate information in a crypto fraud case involving Digital Licensing Inc., which did business as DEBT Box. The SEC had obtained a temporary asset freeze and restraining order by claiming the defendants were misusing investor funds. However, after the defendants challenged the SEC's facts, the judge dissolved the restraining order and requested an explanation. The SEC acknowledged the mistake, stating that fewer bank accounts were closed than initially claimed, and is taking steps to ensure accuracy in the future, including supervision by senior attorneys and mandatory staff training. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

r/BitcoinSee Comment

Lmaooo, americans are so funny. The logic is just too far gone to. You could sell the mower for 6k, pay off the DEBT YOU OWN!!! and use the rest to invest. Actually, educate yourself to make healthy financial decisions first before investing in anything. Why do you even have a 8k mower anyway, because it sounds like you don’t even need one since you’re talking about getting rid of it

Mentions:#DEBT
r/BitcoinSee Comment

NEVER USE DEBT to get bitcoin… leveraged hands are paper hands.

Mentions:#USE#DEBT
r/BitcoinSee Comment

One can EASILY LEARN SKILLS TODAY more than in the past. These normie debt slaves here won’t understand what you ment. You can even get a university degree for CHEAP if you test out of most of the classes via CLEP exams… CLEP the hell out of it and take community college courses. I have seen stories for people getting a college degree in 1yr because they simply get credit via tests… it would hurt. Either college ON THE CHEAP OR A SKILLED TRADE. Someone can actually do BOTH AT THE SAME TIME if they are hard working… either way the OP will need MARKETABLE SKILLS… some college degree offers very little skills and the pay is garbage in some fields. Either way, getting on a bitcoin standard IS THE WAY… either bitcoin or another hard asset but bitcoin is the best one IMHO. The fiat standard IS FOR DEBT SLAVES.

r/BitcoinSee Comment

Also, I strongly advice you NOT TO OBSESS OVER BITCOIN PRICE like the trader bros and the moon boys. DO NOT GO INTO DEBT FOR BITCOIN! Just try to earn more and develop more useful skills the most affordable way possible… and live your life as frugally as possible. Save the difference in hard assets. Bitcoin is a hard asset. The allocations should be amounts that you won’t feel stress over during a bear market etc. If you are a “degen” moon boy, leveraged to the hilt, and there is a market crash, you get obliterated and your paper hands will burn.

Mentions:#BITCOIN#DEBT
r/BitcoinSee Comment

Even before I found bitcoin, I was a gold bug and instinctively knew that fiat currency were worthless debt backed coupons… EVER SINCE MY FIRST JOB, after paying my monthly expenses, I DUMPED ALL FIAT CURRENCY LEFTOVER INTO HARD ASSETS. My normie parents and extended family couldn’t figure out how comes my networth was like 3-4x that more more “educated” cousins etc. One person even thought I was selling drugs… because I wasn’t as broke as he was even though on paper he made 50% more than me and had a degree etc. ITS THE DEBT BASED FIAT MONETARY SYSTEM STUPID! It’s just another form of parasitism… the sooner you figure it out, the better. Fiat = slave currency

r/BitcoinSee Comment

I wish I could go back to being 32 with what you have. NO DEBT Is there a burning reason why your 6 months EF needs to be in fiat? What about 1 month cash and 5 months BTC

Mentions:#DEBT#BTC
r/BitcoinSee Comment

I am absolutely not mixing definitions. In Equity THERE'S DEBT INVOLVED. Look at the definition I provided. You don't own the company. You lent the company money (debt) so they can work. The claims are rights on that DEBT. If you can't understand that, it's no use talking about this any further.

Mentions:#DEBT
r/BitcoinSee Comment

You’re correct, technically the fiat currency is backed by IOUs, which has a NEGATIVE VALUE if it pays back at a rate less than real inflation/debasement…. So you are correct, USDs are “backed” by DEBT/CREDIT that has a value of BELOW ZERO if the debt can’t be payed with at least break even rates.

r/CryptoCurrencySee Comment

Do you actually believe Powell can take interest rates up to 10%.? Do you actually believe the CPI is really only 3%? Do you actually believe the unemployment numbers they are giving us? We have a HUGE FUCKING DEBT problem that we cannot raise interest rates or will will hyperinflate just paying the INTEREST. FYI, When Paul Volker took interest rates above 20% in early 1980's the US debt was only 330 billion dollars and the debt level was manageable. FYI, they have changed the way we report CPI ,the way the report Unemployment, and they way the report an recession. I think you are going to be in for a rude awakening soon if you believe their nonsense.

Mentions:#DEBT
r/CryptoCurrencySee Comment

50% of savings? Amateur- I’ve invested 100% of my DEBT.

Mentions:#DEBT
r/BitcoinSee Comment

In addition to this, people often forget to factor in DEBT when determining company valuations. Debt makes a company less valuable than their assets, because if they go bankrupt, those assets will go towards paying their creditors. However, there is then their net inflows from the products and services they provide which makes the company more valuable than their assets alone. You then need to think about whether those services (the companies income) will increase in demand in time (will the company have more income) or decrease in demand in time (the company has less income and runs into trouble paying off its DEBT)

Mentions:#DEBT
r/BitcoinSee Comment

When you factor in minimum wage, adjusted for inflation, it should be about $15/hr now and as hard as it is to believe, MANY COLLEGE GRADUATES straight out of college LIVING IN HIGHER COST OF LIVING STATES are earning minimum wage technically speaking. Example: Medical resident PGY1 (graduates medical school with MD but needs at minimum 3 years residency training to become a licensed physician) working average of 80 hours a week and living in Brooklyn NYC, San Francisco CA, Portland OR, Washington DC etc makes $60,000/yr… about the same as an average STEM graduate fresh out of school BUT AFTER FACTORING INFLATION AND COST OF LIVING, THE HOURS WORKED, THE MEDICAL RESIDENTS ARE MAKING ABOUT FEDERAL MINIMUM WAGE! With a debased currency, these new medical school graduates have to borrow MORE AND MORE… my cousin is in $350,000 of debt and is currently doing residency in internal medicine… 80hrs a week earning $60,000/yr living in NYC… after doing this for 3 years he gets his license to practice medicine and his starting base salary is expected to be $200,000 in NYC… that’s the same as a truck driver living in Atlanta minus the 1/3 million dollars of debt. How can anyone defend this parasitic system is beyond me… Unless you are wealthy and have rich parents to pay your way, or get a scholarship, you are FORCED TO BECOME A DEBT SLAVE TO LIVE YOUR DREAMS… no wander Max Kieser called the fiat system an INTEREST RATE APARTIT.

r/BitcoinSee Comment

Wages not keeping up are the PRODUCTS OF A DEBT BASED FIAT SYSTEM… this is why it doesn’t even matter what the minimum wage is… they could make a minimum wage of $100/hr and all that would happen is that the cost of living would increase 10x because it’s still a debtfiat fugazi currency being created via debt/credit.

Mentions:#DEBT#BASED
r/BitcoinSee Comment

I did that at the last cycle too, after that my bitcoin savings rate MASSIVELY INCREASED due to not having any debt, mortgage, rent etc… it’s like you got a massive proportion. Debt free making $60,000/yr = “Normy” (having rent/mortgage, student loans etc) making $90,000-$100,000. When affirming the “satoshi premium” (average CGAR over the last few years), DEBT FREE bitcoiner on a BITCOIN SAVINGS STANDARD (#GET ON ZERO FIAT STANDARD) making $60,000 fiat is EQUIVALENT TO NORMIE MAKING $120,000 in an average state or about $240,000 in San Francisco, Brooklyn etc… I did the math multiple times and I kept reaching the same conclusion… it’s sounds crazy but you can do the calculations yourself.

r/BitcoinSee Comment

0 DEBT all payed off

Mentions:#DEBT
r/BitcoinSee Comment

The only graph you need to understand is the US DEBT [https://federalbudgetinpictures.com/wp-content/uploads/2023/03/FBIP-MAIN-37.jpg](https://federalbudgetinpictures.com/wp-content/uploads/2023/03/FBIP-MAIN-37.jpg) Because anyone with half a brain will understand that there is NO FCKING WAY to raise interest rates enough to control inflation with this much DEBT. Oh, we could take interest rates up to 6% but we would hyperinflation just printing money to service the debt. That is what you and everyone else needs to understand. FIAT IS DEAD.

Mentions:#DEBT#MAIN
r/BitcoinSee Comment

Yes yes yes as long as inflation is higher than interest rates, DEBT IS GOOD

Mentions:#DEBT#GOOD
r/BitcoinSee Comment

Never a good idea to put yourself in debt, isn't ut the exact opposite you are trying to achieve by investing? Who knows what happens or how many years it takes to become debt free once again. Everything you would pay for the loan, put it into btc, if you lose the job ir something you will still have your stack and NO DEBT.

Mentions:#DEBT
r/BitcoinSee Comment

Currency is an IOU or DEBT. Just read what it says on the dollar bill. "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS PUBLIC AND PRIVATE" When you are spending currency you are really just spending IOU's or debt notes. Currency enters the financial system when it is borrowed, like a home loan or car loan. The Federal Reserve gives the banks currency to lend out. The borrower buys a home for 300K and now there is 300K of debt notes in the financial system. Eventually, the home is paid off and all those debt notes go back to the bank. The best way to rationalize how our currency is debt is the following: You are a janitor at a bank and clean up afterhours. They bank owes you $1000 worth of services and does not have the money. The bank writes 1000 IOU;s to pay you in the future. You go to 7-11 to buy a coffee and tell them all you have is these bank IOU's. Manager at 7-11 says///./ we will accept the IOU's because we bank there. Thus when a bank note says it is legal tender, it must be accepted all over.

Mentions:#DEBT#NOTE
r/BitcoinSee Comment

>Say you have 100 BTC. Would it be dumb to borrow money against your bitcoin, use that money to buy more bitcoin, so now you would have 200 bitcoin No, your LENDER has 100 Bitcoin. You have as much DEBT as your lender was willing to extend to you in exchange for that collateral. All you've done is give someone else custody over your original 100 Bitcoin. Say you own a house with no mortgage. Would it be dumb to get a home equity loan, use that money to buy a second house, then borrow money against those two houses, pay back the first loan and buy another house so now you have three houses? Do you see the accounting error?

Mentions:#BTC#DEBT
r/BitcoinSee Comment

Responsible answer: Do you do a unique and personal budget at the beginning of the month? If so just allocate the typical 15% in saving to Bitcoin and you’ll get there eventually. Anarchist answer: Short the fucking system buy maxing out every credit card you have to stack Sats. Take out ALL THE DEBT!!! Then when all you have left is 5 unconfiscatable coins, declare bankruptcy and watch the world burn. Learn to surf the Kali Yuga fren.

Mentions:#DEBT
r/CryptoCurrencySee Comment

2023-09-13 COIN-79.86 USD/SO 189.95 Million/ISO 237.18 Million/NO dividend/Total DEBT (mrq) 3.5$ Billion VET-USD-0.01619602 USD Start Date: 2017-08-22 usdollar... iam a piece of paper and i control your entire life E&OE/CYA

r/BitcoinSee Comment

is he though with 40k CC DEBT

Mentions:#CC#DEBT
r/BitcoinSee Comment

> Keep up the DCA AFTER PAYING OFF THE CREDIT CARD DEBT!!

r/CryptoCurrencySee Comment

That's pure BS. Crypto has no intrinsic value. What intrinsic value does fiat have? The ability of the government to print more money with a push of a button? The MASSIVE DEBT that increases each passing year, that most countries have? The technology is interesting in the sense it can help CBDCs. Crypto and BTC were developed to promote financial freedom from the governments and their control. Crypto is decentralized, based in an immutable PUBLIC ledger. CBDCs will be private ledger and I really doubt if it's even immutable. Central banks and governments want control, kill switches and compliance. Blockchain and cryptos want you to be free. P.S. Every time I hear a public official bashing crypto and praising CBDCs my Monero bag gets a little bit heavier

Mentions:#BS#DEBT#BTC
r/CryptoCurrencySee Comment

So I read through some of the sepa info. Under the heading Cashless Payment Insruments, it says credit transfers, and direct debit. Still 60+ year old tech. Under the heading Speed Of Processing it says ;no longer than one business day for electronic payment orders. Up to two days for paper based transfer orders. And this only applies in the euro zone. It makes sense for a group of banks to make things easier on themselves. But all they have done is pre approve the movement of DEBT. this has done nothing to speed up the SETTLEMENT of the debt. The REAL MONEY doesn’t move in seconds with sepa. It still takes days for the company who sent money for you, to receive that money back from your financial institution. With the xrp ledger, both the transfer AND the settlement happen in less than 5 seconds. Meaning both parties receive their payments and the transaction is complete in 5 seconds.

Mentions:#DEBT#MONEY
r/CryptoCurrencySee Comment

Have you ever thought of how long it takes for the actual manufacturer to get PAID from a credit card transaction? It’s NOT instant. YOU take on the DEBT immediately. But no, that money is not transferred at the same time. These corporations work on 30,60,90 day intervals. Visa is a Ripple partner and ODL user. 5 second settlement of transactions. The speed and efficiency of manufacturing will skyrocket because they will have the money to expand. It will not be stuck waiting to get to their accounts.

Mentions:#PAID#DEBT
r/BitcoinSee Comment

I feel tons of people will tell you DEBT first then invest. But for me, crypto made me debt free. Did I get lucky? Maybe with a few coins… but I was so massive in debt I was willing to just pay minimums and invest what I could. I didn’t want to do the bankruptcy route and I was used to being broke. I said fuck it! Hahah Side note… being debt free was a weight lifted but investing still keeps me up at night cuz I’m still making myself broke by investing. But I like it that way.

Mentions:#DEBT
r/CryptoCurrencySee Comment

Fun fact ...all those youtube people making crazy gainz? Thst paper account their showing you... they make their living lying to you using basic TA info and then place massive trades and show you their account. All lies and deception but they do make crazy money off referrals... money made from your $100 deposit plus % off every trade you do even when you lose. The mega rich investors like warren buffett bought the right stock at the right time and held it. And bought more. Built up a big portfolio and then they BORROW using it as collateral. THE RICH LIVE OFF DEBT !! And im sure as shit stinks they still had to work while building their empire until the empire paid them.

Mentions:#DEBT
r/CryptoCurrencySee Comment

2023-08-14 coindesk to cut staffing ahead of potential sell 2022-06-15 coinbase lays off around 1,100 employees 2023-08-24 COIN-73.66 USD/SO 186.88M/F 186.99M/NO dividend/Total DEBT (mrq) 3.5$Billion E&OE/CYA

Mentions:#COIN#SO#DEBT
r/CryptoCurrencySee Comment

I don't care what is going on. I don't care if they keep my money in segregated account or not. Segregated accounts aren't even more secure. It's completely delusional. If they have 100 shared accounts or 10000 separated accounts, what's the difference? NOTHING, either they have 100 private keys, or 10000 private keys. You deposit, you agree that they keep custody of your money until you withdraw. And Binance has kept that promise. They never withwold withdrawals unlike those fishier exchanges who are not under attack! And by the way, your average fucking bank on the street, lends out your fucking money! WHY AREN'T THEY UNDER ATTACK BY THE LAW? BECAUSE IT'S NOT CRYPTO AND NOT A THREAT TO THE CENTRAL BANKS WHO ARE THE MASTERS OF THE GOVERNMENTS BECAUSE THE GOVERNMENTS ARE IN DEBT WITH THEM! IT'S THE CENTRAL BANKS WHO COMMAND THE GOVERNMENT TO KILL THEIR THREAT, CRYPTO. AND THEY CAN'T KILL A CHAIN, THEY CAN ONLY KILL THE EXCHANGES!

r/CryptoCurrencySee Comment

losing money is not enough, some people just want to be in DEBT

Mentions:#DEBT
r/CryptoCurrencySee Comment

So the DEBT box is now indebted? The SEC keeps poking their noses in crypto affairs...

Mentions:#DEBT#SEC
r/CryptoCurrencySee Comment

2022-03-29 Silvergate Capital Issues $205 Million Loan to MacroStrategy Collateralized by Bitcoin. Loan proceeds to be used by MacroStrategy, a subsidiary of MicroStrategy, to acquire additional bitcoins. 2023-03-08 Silvergate Capital is shutting down operation, LIQUIDATING after crypto collapse WIPES OUT bank 2023-08-11 Silvergate - stock - SICP-0.2400 USD 52 Week Range: 0.0200 - 107.8900 USD/SO 31.66 Million/Total DEBT 4.32$ Billion E&OE/CYA

Mentions:#SO#DEBT
r/CryptoCurrencySee Comment

2021-06-15 MicroStrategy files to sell 1$ billion in shares...partly to buy more bitcoin The company also said it has completed its 500$ million bond sale for its bitcoin strategy 2023-08-11 MSTR-384.31 USD/SO 12.07 Million/NO dividend Total DEBT (mrq) 2.24$ Billion

Mentions:#MSTR#SO#DEBT
r/CryptoCurrencySee Comment

tldr; The United States Securities and Exchange Commission (SEC) has accused DEBT Box, a crypto mining firm, of executing a $50 million fraudulent cryptocurrency scheme. The SEC has obtained a temporary asset freeze and other emergency relief against DEBT Box and its four principals, as well as 13 additional defendants. The defendants allegedly sold unregistered securities called "node licenses" and used deceptive tactics to convince investors that these licenses would generate crypto asset tokens through mining activities. The SEC's complaint also alleges that DEBT Box and its principals lied to investors about the revenues of the businesses driving the value of the tokens. This is another move in the SEC's ongoing war against digital assets, with the agency having filed over 130 crypto lawsuits this year. Despite the SEC's actions, there are individuals in the finance industry and lawmakers who oppose the regulator's aggressive stance on digital assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

r/BitcoinSee Comment

I hope you know what you're doing. 1. A balance transfer doesn't let you pull out $20k on day one. You need to already have a DEBT from another credit card, then when you sign up to this new card, you TRANSFER the BALANCE/debt of the old card onto the new card, you can't simply ask for $20k and expect 0% for 18 months. 2. Even if 0% interest, you still need to make monthly repayments. You're not allowed to make a lump sum payment at the end in month 17, no idea where you got that idea from, otherwise be prepared to get ducked by late payments, fees, ~20% interest, a shitty credit score and a million phone calls and threats by the company. 3. Interest free days don't apply on regular purchases whilst you have a balance on the card. *(Points 1-3, depend on your country, but usually applies to most places). I have done something similar for Bitcoin, but it wasn't a balance transfer, it was a cash advance offer at 0% interest for 12 months for about 90% of my credit card limit. I made the monthly repayments every time, and at the end of the 12 months, I payed nothing more then what the amount I withdrew was.

Mentions:#DEBT
r/CryptoCurrencySee Comment

The idea here is that the fiat financial system is a "scam" because the money supply can be arbitrarily expanded through government bond-buying and fractional/no reserve banking. This occurs because fiat currencies are not pegged to hard assets like gold which has a very steady supply rate that can not be manipulated. Credit expansion is literally financial value created out of thin air. When debt is issued, the supply of money expands and causes inflation in the economy (more money in system = more demand = less buying power). This is the difference between **REAL VALUE** and **FINANCIAL VALUE**. Real value is the production of goods and services in the economy. This is intrinsic value. Financial value is just a claim on intrinsic value. But the value of these claims can be inflated. In a fiat system, ALL MONEY IS DEBT. Meaning all money is essentially a promise to be paid back. There is no tie to hard assets. The US dollar is at the end of a long-term debt cycle. There is too much debt in the system and a lot of it was driven by covid-induced money printing and low interest rates (which incentivises debt creation). This is why we're seeing crazy inflation, a growing wealth gap, and political instability. I wouldn't even call it a ponzi because it's not like old investors are being paid with money from new investors. It's worse than a ponzi. It's like if the company just made up their own money and told people it was valuable. This is why crypto is valuable. The supply of bitcoin and other main blockchains are mathematically determined at a steady rate. It can't be manipulated by monetary policy and the ledger hasn't faulted once since its inception.

r/BitcoinSee Comment

Does this graph reflect reflect interest payments ONLY made on the "US DEBT" $$##..? You know the counter in NewYork that's tracking our debt by the second (currently almost at $$32.5 Trillion$$). ??? Or, does it include interest on payments we are making on debt that is not reflected in that ticker..? I'm sure there's plenty of debt that is not reflected on the NewYork ticker/counter, right...?

Mentions:#DEBT
r/CryptoCurrencySee Comment

Half the comments here got no idea how the debt ceiling works. THIS IS FOR OLD DEBT, The fuckers approved the budget and now they themselves are causing this crisis.

Mentions:#DEBT
r/CryptoCurrencySee Comment

*Check back on next year's episode of DEBT ZEILING Z*

Mentions:#DEBT
r/CryptoCurrencySee Comment

Whenever you put money into a bank, it's not your money any more It's a **DEBT** that the bank owes you And as we have seen recently, lots of banks can default or go under. And if the government doesn't bail them out, then your money is gone.

Mentions:#DEBT
r/BitcoinSee Comment

Look at me, I'm holding all USD and I'm facing the same problem You see I'm in Korea. No one here takes them. Yet all the money I have in the world is USD. Secondly, my bank doesn't have any branches here. I have no way to withdraw them. Basically USD is pointless & useless because the only way I'm actually able to buy anything just to survive or not be out on the street at night is by going through a complicated multi-step process: 1. I have special cards that automatically convert USD denominated DEBT into real money: KRW / korean won when scanned at a register. 2. Once I've accumulated a maximum amount of debt, I have to transfer the USD electronically to the accounts to "refill" it and allow me to spend more (in other words paying my credit card bill)

Mentions:#DEBT#KRW
r/CryptoCurrencySee Comment

Bullish on $DEBT

Mentions:#DEBT
r/BitcoinSee Comment

DO NOT BORROW MONEY OR USE DEBT to buy bitcoin… you are just using another form of leverage and it makes for weak paper hands.

r/BitcoinSee Comment

Can’t believe people are recommending this guy go in DEBT for btc. 🤦🏼‍♂️ when btc hits 16k after the halving he’s gonna come crying.

Mentions:#DEBT
r/BitcoinSee Comment

It is a CasasciusCoin a physical FedCoin, if you peel off the sticker you can send DEBT to the burn address.

Mentions:#DEBT
r/BitcoinSee Comment

This is why ECONOMY BUILT ONLY ON DEBT CANNOT WORK. Long term it always fail, even if you play "too big to fail"/"unlimited debt" game.

Mentions:#DEBT
r/BitcoinSee Comment

Atlas while their debts increased, their real wages/salaries declined due to debasement on their fiat monetary debt units (AKA USD.) The USD is a token backed by DEBT and leveraged 100x with fractional reserve banking… its like playing with matches with gasoline at your feet, WHAT COULD POSSIBLY GO WRONG?!

Mentions:#AKA#DEBT
r/CryptoCurrencySee Comment

> The balance you see in the online banking is not how much money YOU have, but how much money THEY are in DEBT to you. Not more, not less. This is exactly why when banks add money to your account it’s “crediting” but when they take money it’s “debiting”. Your money in the bank is a liability to them since they technically have to return it to you.

Mentions:#DEBT
r/CryptoCurrencySee Comment

>The balance you see in the online banking is not how much money YOU have, but how much money THEY are in DEBT to you. True. >This means, that banks defaulting and you not getting all of your money back is **expected**. False. Banks don't *expect* to default. That's absurd.

Mentions:#DEBT
r/BitcoinSee Comment

☝️😆 The majority will never figure out the answer... Obviously, it's RAISE THE DEBT CEILING AND PRINT MORE MONEY!!!! Brrrrrrrrrrrrrrrrrrrrr Lol, at this point, I'm shocked anyone takes these clowns seriously. There is NO CEILING, Just an iceberg we hit years ago and those in power saying "stay calm, there will be plenty of life boats for everyone after we pack the silver/gold/valuables. Stay here until we say it's safe..."

Mentions:#DEBT#MONEY
r/BitcoinSee Comment

I already said it… you can’t have debt, like ZERO DEBT and a payed off house so no mortgage or rent. It is very much possible to have such a high savings rate, depending on your tax bracket and income.

Mentions:#ZERO#DEBT
r/BitcoinSee Comment

>I'm about to be debt free If you are holding FIAT currency you are holding DEBT. A debt that cannot be paid back. When you hold BTC, then you are debt free.

Mentions:#DEBT#BTC
r/BitcoinSee Comment

It’s much worst than that… it’s backed by DEBT then leveraged over 10x via fractional reserve banking…. If fiat was burning paper, then the fractional reserve banking system is gasoline!!! It’s unsustainable.

Mentions:#DEBT
r/BitcoinSee Comment

If you got payed in bitcoin since may 11th 2020 (last halving), you are up 25% even after the last “crypto winter.” SPY sp500 etf is 13% and GLD etf is 11%… so bitcoin did TWICE AS BETTER than the “established normal investments” but it’s a new monetary system and not an “investment.” Even after adjusting for inflation in something like the cost of rent etc, bitcoin did 12% increase and SPY sp500 etf did 0% increase (FLAT) and gold was slightly NEGATIVE… Owners equivalent rent increased 13% from 2020 to 2023… so if your money isn’t increasing in value by 13% then you are LOSING. Either that or you got a 13% pay raise. Getting payed in bitcoin did TWO TIMES BETTER THAN INFLATION (using owners equivalent rent as an example), and this was after the crypto scams and FTX and the “crypto winter.” I started my 401k in 2018 (vanguard growth VWUAX) and I it only increased by 10% for the last 5 years!!!! Bitcoin at the same time did 70% in the same period… so bitcoin did better than my 401k EVEN AFTER FACTORING THE 50% match! Who’s really gambling here? The bitcoin maximalists who is getting payed in bitcoin or the fiat maximalist who value’s a piece of paper that’s backed by DEBT and LEVERAGED TO THE MAX with fractional reserve bankings? #Getonzero fiat is far less risky if you have a payed off house and have zero debt of any type… I only think of my roth 401k as a thing to borrow from in case of a large emergency… my bitcoin IS THE VERY VERY VERY LAST THING I WOULD SELL. When the world realizes the properties of bitcoin, it will be far more risky to hold fiat long term compared to to today.

r/BitcoinSee Comment

She is a perfect example of the fiat debt based system’s perverse insentive model… she is a product of the corruption of money… she says that “bitcoin is not backed by anything,” yet she supports the fiat which is BACKED BY CREDIT/DEBT via the factional reserve system… she is either to intellectually lazy to do proper research or she is deliberately trying mislead people.

Mentions:#CREDIT#DEBT
r/BitcoinSee Comment

Fiat is “backed” by DEBT CREATION/credit… so technically speaking, it’s less worth than zero until the debt is paid.

Mentions:#DEBT
r/BitcoinSee Comment

It’s worst than that… fiat money is BACKED BY DEBT!!! It’s a negative value, a liability.

Mentions:#DEBT
r/BitcoinSee Comment

nevermind the banks, what about their backer? the US government? [https://www.usdebtclock.org/](https://www.usdebtclock.org/) That rapidly increasing number, what do you think that is?? cash balance?? Not to overly simplify things, DEBT == Money I owe When you pay for debt, with more debt, if that was a person or company, you'd say they are insolvent...

Mentions:#DEBT
r/BitcoinSee Comment

Canada: STOLEN - dividends/UNSETTLED [unclaimedproperties.bankofcanada.ca](https://unclaimedproperties.bankofcanada.ca) their USELESS/WORTHLESS website is NOT working since 2010 ! BOC employees names? \[REFUSED to provide\] they-debtors told me that, they DO NOT KNOW what is A NOTICE OF REDEMPTION or DEBT Instrument? E&OE/CYA

Mentions:#BOC#DEBT
r/BitcoinSee Comment

It’s much easier to #getonzero fiat when you have ZERO DEBT and a payed off house… no mortgage, no rent, no car payments, no student loans etc. fiat emergency fund would need about 8-10% per year “restocking” expenses because that’s the rate it’s being debased at.

Mentions:#ZERO#DEBT
r/BitcoinSee Comment

BAC-34.21 USD/SO 8 Billion/Dividend 0.88/Total DEBT (mrq) 562.15$ Billion E&OE/CYA

Mentions:#BAC#SO#DEBT
r/BitcoinSee Comment

Do not tell her nor anyone. People can change, shift personalities, often Unintentionally / Unplanned / unforeseeable. Don't tell anyone. Need some cash? Go to Vegas. Withdraw minimal needed. " Honey! You will NEVER believe my luck this time! Wore those lucky socks you've been trying to get me to wear! " ... Next. Read up on finance and investments. Read both sides - customer processes and **Internal org processes** of financial institutions along with AUDITING financial institutions - "they" learn this mostly in University Banking or Auditing programs. Don't trust Investment Managers, Banks and similar, Accountants ( CPAs in particular). Still, small amounts at a time. Don't tell her. Get a contract/will. She and kids or family to receive leftover. Read on Estate Planning. Start a business. Always (in every business situation for *everyone*) always, always use debt in business when making purchases. Unless strategic reasons Always, Always carry substantial debt in the business as a part of the Financial Treasury "Mix". Continuously increase Assets. As you gain equity, using increased equity, buy more businesses or investments (both examples are Assets). ASSET = Income Producing (Y), where Y is the dynamics of the industries you choose. Only buy Assets. Use their cashflow for spending; use DEBT to buy ASSETS (if the interest rate - cost of capital- is lower than the IRR on the Positive Revenue producing assets. Make a list and compare using a financial calculator. This post seems to be applicable to anyone... But OP asked a good question. Other crypto magicians can help on that side.

r/CryptoCurrencySee Comment

The left needs to leave her behind. Idk about you but the biggest Warren supporters in my friend group are the biggest welfare suckers. She’s the epitome of every bad reputation liberals get—welfare by spending everyone elses money, buying votes. Notice how she never calks for student debt “reform” (IE practical solutions like capping interest rates on current loans), instead she is always WE’RE GOING TO CANCEL ALL STUDENT DEBT. She wants to make sure she gets the votes of every college grad whether they deserve/need a bailout or not

Mentions:#DEBT
r/BitcoinSee Comment

MicroStrategy Incorporated Has Raised $46.6M Through Share Sales Since September The company since September issued a prospectus for the sale of up to $500 million in common stock MSTR-294.05 USD/SO 9.59 Million/Last Split Date: 2002-07-31/No dividend Total DEBT (mrq) 2.45$ Billion 52 Week Range: 132.56 - 522.80 USD Book Value Per Share: ---(minus) 33.17 MicroStrategy Incorporated provides enterprise analytics software and services worldwide E&OE/CYA

Mentions:#MSTR#SO#DEBT
r/BitcoinSee Comment

It’s painful to sell bitcoin to repair a car…. The only people who really can go “all in” is if they have a solid financial foundation and have ZERO DEBT… they don’t owe anyone any money and have a payed off house etc… they also have stable income etc. If you have debt, maxing out credit cards etc to buy more bitcoin, you will feel WAY MORE PAIN in a crash.

Mentions:#ZERO#DEBT
r/BitcoinSee Comment

Only $USA token holders will be airdropped the $DEBT token, don't miss out!!!

Mentions:#DEBT
r/BitcoinSee Comment

Where can I buy $DEBT ?

Mentions:#DEBT
r/CryptoCurrencySee Comment

Actually a big part of my thesis is humans are degenerate gamblers and generally cannot decipher from value and momementum. They come, with desperation and leverage, and OVER-VALUE assets. They did this to the dot com in 2001, to housing in 2008, to housing in 2022, to crypto in 2017, to crypto in 2021, to stocks, etc. The difference in crypto is that this trend is SO FUCKING SMALL COMPARED TO DEBT MARKETS, STOCK MARKETS, TO REAL ESTATE, TO FINE ART, etc. Did I add we are going to lose most currencies in 20 years? Euro first I believe. I'm proud to be a crypto enthusiast because the vast majority of people I know are talking about real estate. Their parents are talking about bonds. It is better to live in a volatile future than in a slowly decaying past. Did I add? My typical colleague makes $150-200k a year and has less than .5 btc and 2-3 eth. MAX.

r/BitcoinSee Comment

Same here, It feels like my wages increased by 60% becauseI I am able to pay myself now! I even did a detailed calculation using a “reverse gross income” calculator and what I found was that: DEBT FREE skilled laborer pockets more money than virtually EVERY working professional like veterinarians, research scientists, dentists, and most doctors other than a brain or plastic surgeon AFTER TAXES AND STUDENT LOANS, CAR LOANS, MORTGAGE etc For example DEBT FREE master Plumbers pocket MORE MONEY than a typical “normie” dentist or pediatrician running around with $300,000 student loans with a 10 year maturation date…. I haven’t even included the house or car loans… after all that, a “normie” debt slave dentist/pediatrician etc will EVENTUALLY CATCH UP to the debt free master plumber/electrician BUT IN THEIR LATER MIDDLE AGES and more than likely NEVER if the master tradesman has used extra money to invest in.

r/CryptoCurrencySee Comment

This is what I've been trying to tell everyone here: there is TOO MUCH DEBT IN CRYPTO. Too much debt will lead to a liquidity crunch. I can't tell you if it's the end. I have no clue. And as long as there are two people willing to trade it, it will fetch a certain price. But as of now, it is overpriced due to the debt propping it up. And as the defaults stack up, the price will fall.

Mentions:#DEBT
r/BitcoinSee Comment

Congratulations… I been there 2 years ago but since this was my 2nd bear market, I sold 3/4 of it at 40k to pay off my mortgage… now that I am TOTALLY DEBT FREE and no longer have to make mortgage/rent payments, it feels like I got a 60% raise and my bitcoin DCA went from 50-150/ week to 400-500/week…. No fear! I love the red days, massive discounts to be had… this is now a silent peaceful protest against the corrupt monetary system… the shitcoiners or anyone using massive leverage, debt etc are the ones lossing sleep and all that’s on their mind is “who do I dump my bags of shit on?” My conviction has jumped x1000 after I became debt free and I am super frugal too… no fucking fear, I don’t give a shit about price or what some fiat parasite thinks… it’s bitcoin on fucking nothing!

Mentions:#DEBT#FREE
r/BitcoinSee Comment

Remember that using DEBT to buy bitcoin is also leverage too… get rid of your fiat debt and the price of bitcoin becomes less stressful, especially if you are debt free, it’s literally like Christmas too me… a sea of red is like a massive sale.

Mentions:#DEBT
r/CryptoCurrencySee Comment

Started to rename my bag of VET to DEBT

Mentions:#VET#DEBT
r/BitcoinSee Comment

As you’ve asked for advice OP, I’m just going to give you honest personal finance advice that I’ve used. Before that though, just to take a minute to think. You’re in a bad spot, but it’s not the end of the world - no one has died, you’re still breathing, this is only money. You can get out of this, and plenty of people have been in situations like this and gotten out of it. You can too. You just need a plan, and to take action. Here’s the plan. EMERGENCY FUND 1. Put 10% of your salary into an emergency fund until you get to $1K - even if it means missing payments on some of your debt - you’ll sleep better knowing you have it INCREASE SALARY 2. a) Spend $10-30 a month on either books or Udemy courses that either make you better at your current job, or able to move to a new career that pays better; you sound like you’re young and you’ve already given up, there are *many* jobs that don’t require a degree and can be broken into by people who have the motivation (like you!) to do so 2. b) Get a better paying job or promotion as soon as you can; others might recommend a second job, but I’ve done that and long-term you are better just putting yourself in a career that has a high potential for a larger salary PAY DEBT 3. Pay the minimum payments on all your debts 4. a) If possible after getting to the minimum payments, start overpaying the loans (smallest loan amount first) with up to 30% of your salary 4. b) check every few months whether you can refinance onto better loans with lower interest rates using credit checks that don’t affect your credit score FINALE 5. You should now be in a position where you are: - In a career with the opportunity to grow - Hitting your minimum payments - Using 30% of your salary to pay off debt - Have $1000 in savings At this point, I would probably start trying to save 10% of my salary again so that I could build up my emergency fund up a bit (to around 2-3 months of minimum expenses), and after that start investing that 10% again (who knows, maybe even in Bitcoin!) Good luck mate!

r/CryptoCurrencySee Comment

oh I thought this was gonna be a post about how satoshi had the bank collapse headline in the genesis block and how crypto was created to totally free us from the bonds of DEBT slavery.

Mentions:#DEBT
r/CryptoCurrencySee Comment

Where can we buy this so called DEBT with leverage?

Mentions:#DEBT
r/CryptoCurrencySee Comment

Stake $DEBT for auto-compounding rewards

Mentions:#DEBT
r/CryptoCurrencySee Comment

Bullish on $DEBT.

Mentions:#DEBT
r/CryptoCurrencySee Comment

Every time you buy one $DEBT token you need pay back 2 tokens. So the debt lives on!😂

Mentions:#DEBT
r/CryptoCurrencySee Comment

Why do you have an elephant called DEBT OP

Mentions:#DEBT#OP
r/CryptoCurrencySee Comment

Bullish on $DEBT

Mentions:#DEBT
r/CryptoCurrencySee Comment

This DEBT won't be needed to pay back either. That's a win win

Mentions:#DEBT
r/CryptoCurrencySee Comment

Instructions unclear: took out a load and yolo'd in $DEBT

Mentions:#DEBT
r/CryptoCurrencySee Comment

the administrators (FED/Treasury) should burn theirs oh wait, all they have is DEBT

Mentions:#DEBT
r/CryptoCurrencySee Comment

"PAY BACK YOUR DEBT" but in Batman's voice

r/BitcoinSee Comment

Credit cards were introduced by the fiat debt slavery bankers cartel. The bankers cartel who own your government. Introduced to INCREASE DEBT LEVELS because your government has given the banks the ability to create as much new fiat as they create debt. So no, there was not an avalanche of FUD against CCs. They were pushed by the banks, who own your government and most of the media.

Mentions:#DEBT#FUD