Re: POTUS 45.43: The Caravan is Coming. Fear the Caravan.
A car is not a fixed investment. It's a product you spend money on to provide transportation. Not an investment. Nor are any other consumer goods.
Unless you are buying new, I would not put a home or real estate into a consumer good, either. It's "value" is never realized until it's sold. It's use is seen as you live in it. So it's kind of a stock and kind of something you use. But not like a car- which just gets used until it has to be removed from the road.
Also- banks don't actually loan out your savings- they loan out the value of your savings. So if I went to a bank today and deposited $20k, and tomorrow they then loan out $20k of value, I can still come back the day after and take out my $20k- and the bank is now at risk of losing their $20k loan with no collateral. So lets stop that silly talk, too. The money is mine, and always will be mine. And the value does not go down due to usage of the product, or if the person who has the loan defaults. It's my $20k.
Originally posted by Wisko McBadgerton
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Unless you are buying new, I would not put a home or real estate into a consumer good, either. It's "value" is never realized until it's sold. It's use is seen as you live in it. So it's kind of a stock and kind of something you use. But not like a car- which just gets used until it has to be removed from the road.
Also- banks don't actually loan out your savings- they loan out the value of your savings. So if I went to a bank today and deposited $20k, and tomorrow they then loan out $20k of value, I can still come back the day after and take out my $20k- and the bank is now at risk of losing their $20k loan with no collateral. So lets stop that silly talk, too. The money is mine, and always will be mine. And the value does not go down due to usage of the product, or if the person who has the loan defaults. It's my $20k.
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