Ep 184 Nathan Birch, how would he start again if he lost it all tomorrow
Pizza and Property
00:00
The Importance of Taking Action
We've got over a trillion dollars worth of debt now as a country. The states and the country, Melbourne, Victoria is in debt,. We'll go to 165 billion in the next two years by 2025. People buy houses with debt, right? So say, for instance, I'm selling a house of mine, I bought it for 200 grand, I sell it for a million bucks. That property's got up 800 grand, where the buy goes to the bank, they get the money. They create the money as debt. And we're talking about the whole fractional reserve lending system now. But there's nothing to have, just making up these contracts, right? Yeah, yeah
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