14 Jun 2022 6:31 pm
Vegas » 14 Jun 2022, 11:32 am » wrote: ↑ This is a complicated question because each person has their own lifestyle. Therefore, generalizing is the only way to answer this. On one hand, most of America needs banks to buy homes and cars. The average American cannot pull out 400k at any time from his wallet and buy a house or a car. We depend on banks to put us in debt, so we can live somewhere and have a means to get to work...so we can continue to live somewhere. Most Americans cannot survive unless a bank puts them in debt. At the same time, that is a **** life. That is hardly freedom. I am not sure how we can say we live in a 'free country' if we are under the rule of institutions that determines our future. What if there were no banks? It's a hypothetical question that I would love to entertain. Would most of America be homeless with no cars to get to work? In the beginning, of course life would be hell. However, as time goes on, in the long run, would things work itself out, thereby resulting in a better life?
my dog loves to go to the bank....they got treats. Large ticket items like houses and cars are affordable in a cash only society as long as people stay in their affordability range, learn how to put money back and don't spend everything they get. I have a friend who loves to spend it all. He just inherited a large sum of money and has traded cars 4 times in the last year, traded boats 3 times and been on at least 4 or 5 long vacation....all within that same year.
