The Consumer Is Starting to Crack - Credit Money vs. Commodity Money!

Hey SatsCrew,We are living in a world where more and more people are getting deeper into debt, while concurrently commodity asset prices are surging in an illustrative manner. Over the better part of the past century, we have been living in a fiat experiment due to the creation of the Federal Reserve Bank. From our view, we are at the end times of this fiat experiment and many are realizing what is money, and if fiat does have value due to the decree by the government. Times are getting harder for many, grocery prices are skyrocketing, and most interestingly the current administration is saying everything is fine, there is nothing to worry about. In this podcast, I go over many important topics, including the difference between the different types of money and most importantly how we can best prepare. Current delinquencies for auto and credit card debt are surging past 8 & 9%Millions upon millions of people that aren’t paying their billsNot enough liquid cash for people to pay billsDebt cycle as interest compounds and makes it harder to get out ofGold, Silver, & Bitcoin have been surging - is this sending a signal?Debt A Debt-based economy makes it so others invest in other's debt - but that is messed up! Why can’t we pay for what we have, why do we need to Rehypothecate and spread everything out? Gold, Silver, and Bitcoin have been surging because they see something wrong right now with the systemPeople right now are starting to invest in harder assets that aren’t backed by credit and debt (i.e. auto loan-backed securities, or mortgage-backed securitiesCredit cards and auto are not mortgages, but they are critical for many - as people need a vehicle to get to and from work, and people rely on credit cards to get through their paycheckCommodity money or Bitcoin will help promote individuals saving and living within their meansPeople can’t borrow endlessly with Bitcoin as with Bitcoin you are holding the bearer asset yourself Credit money, people endlessly borrow because it is worthless and can be paid back with cheaper dollars tomorrowCommodity money, people try to hold onto and save because tomorrow it will likely be worth more than yesterday, so people save and have low time preference for forward-thinking behaviorI'd love to hear what you think! Do you think we are at the end of the fiat experiment? Will we ever go back on a harder money standard or are we in a position to keep repeating ourselves time and time again with this melting ice cube money? As always your support means alot. Best Regards, SatsMateBitcoin Buys: https://invite.strike.me/2MSTYGFinancial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investmentSend us Fan MailSupport the showYoutube: SatsMateX: SatsMateInstagram: SatsMateswebsite: https://satsmate.wordpress.com/