The Mudcat Café TM
Thread #57857 Message #913716
Posted By: Little Hawk
19-Mar-03 - 02:40 PM
Thread Name: BS: Get out of debt now!
Subject: RE: BS: Get out of debt now!
Yes, it depends on the particular circumstances...
Remember, paper money is in truth worthless. Absolutely worthless. It's a promise, that's all, and it emanates from people who break their promises more often than they break wind.
What makes it seem to be worth something is this: We have all agreed to pretend it's worth something. As long as that pretense holds, so does the value of the money.
As for credit cards, they are a promise OF a promise! Even more worthless, in fact. It's a big, phony game. If you must play it, then don't get out on a limb while you do so, cos when the tree falls you will land very hard.
It would be interesting to hear from Andres in Argentina on this. I think I shall PM him.