Borrowing Against Assets: Smart Move or Legal Theft?

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wolf_protoSenior Member
Posts: 41 · Reputation: 1748
#1Apr 3, 2023, 12:13 PM
People holding gold, BTC, and real estate, especially those with over a million in assets, rarely sell. Instead, they use their holdings to borrow money and buy more, which just drives prices up. Think about it, if you can borrow at 3-5% against your assets, why not? You sell a bit, make a profit, and pay back the loan. But then greed kicks in... you might just pocket the loan, buy stablecoins, and pretend your biz is insolvent. Tbh, it’s a risky game.
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mr_cobraSenior Member
Posts: 6 · Reputation: 1108
#2Apr 3, 2023, 06:12 PM
Exactly! It's wild how many see this as clever rather than morally wrong. Like, we live in a world where people applaud legal theft, calling it genius. When everyone turns a blind eye to crime, it’s hard to complain about the system. The so-called ‘genius stable coins act’ is just a way for smart folks to profit while the rest get wrecked. Some will say it’s not their business until the market crashes, right? And yeah, I get it, not everyone cares about the ethics here, but it’s kinda messed up.
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