All I want for Christmas is ...more debt
“Take 2% off your personal loan rates to fund your holiday season.”
— Great Northwest Federal Credit Union
I took this photo yesterday at a Super Walmart at Chehalis, a rural town in south Washington.
The place was packed with hard working people, looking for bargains for the holiday season.
Don’t worry! If you can’t afford a picture-perfect Christmas you are still in luck. Your local bank is happy to give you a 1 year loan at 7.5% interest rate so that you can buy all the things that you can NOT afford and finally bake those cookies like you deserve.
Debt is no longer seen as a negative. Unfortunately, debt is the only way for most people to afford any kind of life. Take the loan and pay back the minimum payments. We’re all slaves of the fiat system. Until we liberate ourselves with Bitcoin
People are hurting and they are lost. They feel the pain in their pockets. They feel the pain in their diminishing standard of life. They feel the pain in their inability to save for a house, for education, for a better future.
They are slaves of the fiat system. They are victims of our broken money.
The savings people built during the pandemic are gone:
U.S. Bureau of Economic Analysis, Personal Saving Rate.
Credit card debt is at its highest it has even been and growing at a yearly rate never seen before:
Federal Reserve Bank of Philadelphia, Large Bank Consumer Credit Card Balances.
And the interest rates on that debt is skyrocketing:
Board of Governors of the Federal Reserve System (US), Commercial Bank Interest Rate on Credit Card Plans.
The stakes are high. The system knows that its collapsing and it is now actively fighting us.
It’s our duty to help people understand why they are how they are. Introduce them to sound money and the future that it can give us whenever you can.
Notable notes
Recommendations
Nat Brunell
Fantastic Bitcoin educator. Her latest articulation on why younger people are not saving for retirement is a must watch (hint: it’s the video above).
You can follow her at @Natalie
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See you again next week! — Alejandro
This newsletter is for educational purposes. It does not represent financial advice. Do your own research before buying Bitcoin.