Comment on Not FC but probably true
iamtanmay@wolfballs.com 2 years agoCredit is voluntary. Live within your means. For mortgage it makes sense if rates are low and house prices not artificially high. Get a safe long term investment portfolio and keep the difference in rates. Repayments are cheaper than rent and you save a lot. Worst case, sell the house. Done properly you are in the black. If there is dishonesty, your paper value is less than real value. That's Risk. Ooga has tried to cheat Booga since the dawn of time. A fool and his gold.
Urban India is woke, women's rights there progressed into degeneracy like in the west. Rural areas very traditional, with honor killings and such.
goldenballs@wolfballs.com 2 years ago
Credit is not voluntary, every unit of currency in existence is a credit note. It's not a slice of gold, its a contract, a promise, an iou, that's its only value.
Urban India is not woke.
iamtanmay@wolfballs.com 2 years ago
Transfer to hard assets. Balanced portfolio has hard assets, esp during uncertainity. I put my savings in housing, my gf into Gold and a stock portfolio. We keep liquidity of a few thousand $ in fiat. I don't trust fiat very much.
Urban India was woke decades ago. Women are "goddess", and have celebrations for them. In rural areas this is balanced by sons inheriting land etc and earning much more. In cities, women make more than men generally. My cousin sister got a guy fired, because he sent her 1 drunk sext, and then apologised. She was going to get him arrested. Accusation from a woman is enough for months or years in prison. Courts are backed up, and will always believe women over men. FWIW, when she did that, I broke all ties with her. Its disgusting that women behave this way, supported by White Knights that India is filled with.
goldenballs@wolfballs.com 2 years ago
That doesn"t change the reality that we live in creditist economies not capitalist ones. You are only a capitalist if you never deal in loans, and only in capital assets.
What you describe in india is not woke culture, that's something else. In the west we have the farce of men dressing up and achieving victories for women.
iamtanmay@wolfballs.com 2 years ago
I don't see how that kind of credit is controversial. I only use it as investment from my mortgage. No one is forced to use it. I thought you were talking about credit card or student loan kind of debt, where people spend irresponsibly and then can't pay it back and become interest slaves.
Indian trannies are not controversial. I grew up seeing them in everyday life, ~0.01% of the populace. They don't have narcissistic neo-trannies like the West ~5% who create new genders on TikTok. Indian trannies are natural born and live ordinarily. Some are street performers, but most don't draw attention.