Modern Economic Nonsense — All about debts

I mentioned that the most valuable thing in the world is debt 🧾.

The reason behind the valuable debt is that, unlike those valuable things, all the prices were the history that one had paid for. Its valuation is unstable and may depreciate, while debt is guaranteed to be paid off within the period under the agreement.

The dollar is a debt that the central bank guarantee to pay off and is one of the examples that a piece of paper is so valuable 💵.

While a new Tesla vehicle is less valuable because once you purchase it. The car will devaluate immediately when you drive off the curb, and the resale of the car will cost you even more than possessing the car.

The same is true for your real estate. You pay top money for prime real estate because it is so valuable, but the reality is because you can afford the price tag to make the real estate values, not because its price is so valuable.

The same idea applies to cryptocurrency. However, each type of cryptocurrency varies.

Bitcoin, for example, is an energy debt that miners input and extract out through computer power for the market to judge its value.

Ethereum is a concept that many projects will continue to build on and a debt that those projects can be paid off eventually.