Recessions are still part of a natural cycle, but they are not supposed to last this long, be this violent, or be extended past multiple industries and several countries. That's done by the inference.
I used to be like that, but I have a credit card nowadays. Not because I'm invested in the debt. The problem is that the return on my debt is bigger than the return on my savings account, which is done on purpose. You can't fight inflation, you can only outrun it. You have to get your debt-cash and turn it into an asset-money as quickly as you can to maintain your purchasing power.
I'm happy to use my credit cards to buy gold and bitcoin.
Recessions are still part of a natural cycle, but they are not supposed to last this long, be this violent, or be extended past multiple industries and several countries. That's done by the inference.
I used to be like that, but I have a credit card nowadays. Not because I'm invested in the debt. The problem is that the return on my debt is bigger than the return on my savings account, which is done on purpose. You can't fight inflation, you can only outrun it. You have to get your debt-cash and turn it into an asset-money as quickly as you can to maintain your purchasing power.
I'm happy to use my credit cards to buy gold and bitcoin.
Just treat your credit card like a debit card, and you'll be fine.
And most of the time you're better off paying with a check or bitcoin order for gold purchases, because there's a 3-5% surcharge on credit cards.
Biggest reason you need credit cards is for shit like hotel stays or rental cars where they put a massive hold on your card, and won't accept debit.
Well, I think the weeks of no rain probably had a pretty big impact on that.