Comments by "Harry Mills" (@harrymills2770) on "Americans See Themselves In Debt Forever - New Poll" video.

If you own a home with that 813 score, you should get a home-equity line of credit, which is secured by your property, and you can borrow "from yourself" at a much lower rate.
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Actually, in an economic system grounded in fiat currency, it makes SENSE to stay in debt. That way, when and if the bankers decide to hyper-inflate the currency, you get yours back by paying off your shit in worthless dollars. That's why you should always go for the best FIXED rate that you possibly can. And even if there isn't a big crash, the way they quietly inflate the currency, every year, your ACTUAL interest rate on a loan is quite a bit less than it says on the loan application. Being in debt is a hedge against inflation. It's crazy, but it's true. Under the current setup, you're a FOOL if you behave with traditional prudence, saving money in savings accounts that pay less interest than the rate of inflation. Why save? That money's NEVER going to be worth more than it is, today. Get as many toys/real estate as you can, and live for today! It's how the system is rigged. Go back to a gold (or other commodity(ies)) backed currency, and all of a sudden, it makes sense to save, again.
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Income inequality is a red herring. The strength of your middle class and the plight of the weakest among you are more telling. And yes, the current setup is good for bureaucrats, technocrats and bankers, but doesn't serve working people. Working people are the ones who have to pay for all the pretended virtue of power seekers and well-intentioned idiots who think you just snap your fingers and there's more money there in my wallet that I will happily give to you for your NEXT hare-brained program that - like all the rest - take an acute problem and make it chronic.
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Every one of these progressive economic ideas require using force to make utopia. The universe isn't utopia. The universe is. Using force to create an artificial reality never fares well in reality, which doesn't give a fuck about your feelings. You just cure one symptom and create new ills. But to see that requires an understanding of economics, which is not the strong suit of progressives, who oversimplify the world around them, like children.
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