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earthstick
Godfrey Bloom Official
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Comments by "earthstick" (@earthstick) on "" video.
It’s better to get a mortgage when interest rates are high. Then house prices are lower, you can’t overstretch, and interest rates are likely to go down. Then you asset rises in value, your repayments come down. Buy at low interest, then it goes up and you are in negative equity and you can’t afford the repayments.
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The only thing governments are guaranteed to be successful at, is ballsing things up.
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@kat7777 But presently I don't see any serious alternative.
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@kat7777 I've know how the system works for a lg time now. My present thinking is that money is a human construct, not an unbreakable law of physics. Sounds obvious, but what it means is that if someone powerful enough has the will and means to change money into something else, then they can. We have had finite currencies before - gold, until the leader at the time decided we must leave the gold standard. I just think there is more to this problem than we are considering.
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