Jack Dorsey Buys Afterpay Limited Without spending a Dime, Afterpay shareholders will get 0.375 of Square class A stock for every share they own – Affirm vs. Afterpay – July 4, 2021,

Near zero percent interest rates from the Federal Reserve and Central banks worldwide are creating all sorts of companies that could not exist in the way they do today. Recently Square, Inc. purchased Afterpay Limited without using fiat money, which got a lot of us doing our research on what is now, called Afterpay Limited.

Afterpay Reports Record Sales of $10B in First Half 2021 | prnewswire.com

So for myself, where the problems come in, is that I find those numbers to be pretty pathetic considering all the free money Americans and Australians were getting during the pandemic. I heard that people were saving more during the pandemic, well, Afterpay doesn’t do any credit checks, it’s got that new age payday loan feeling to it.

However the risk to the consumer is minimal, the risk is actually being pushed onto the investor of Afterpay Limited, which for myself reminds me of Bitcoin and Twitter, which is why I can see why it attracted Jack Dorsey. Zero percent interest rates is creating a different type of thinker, most people do not understand the Dodd-Frank Wall Street Reform and Consumer Protection Act signed under Obama, which is basically permanent corporatism.

There are all sorts of provisions that claim to help consumers but are actually Wall Street Bailouts that will lead to what I would call quasi-Nationalization of particular institutions in the event the economy goes sour. So if you let your mind do some exercising, chances are bailouts or a cash infusion would happen prior to a pending collapse.

Wall Street is benefiting from taking risks and when I look at the fundamentals of Afterpay Limited, it’s although it’s clearly a company that should go bankrupt, if these laws and zero percent interest rates hold up, there’s the potential for massive fiat PRICE APPRECIATION there.

Comparing Afterpay Limited to Affirm which takes a more responsible approach to credit checking its users, all depends on your bets for the future. So people genuinely believe that what we’re experiencing now in the markets is not only sustainable but permanent and f you believe that well then you’re betting on bailouts.

Auto loans and Cell Phone tab plans helped to inflate the price of cell phones and automobiles. If you go to most auto dealerships, they don’t want your cash, because the commissions are tiny in comparison to if you take out an auto loan.

With tab plans, the phone companies don’t want you to buy the phone cash, they want you to sign up for a more expensive phone plan that caters to your more expensive smartphone. All of these schemes work because interest rates aren’t normalized, savers are being punished for saving and spenders are being rewarded spending.

The way I see things is that these system blows up when the cost of labor is forced up in fiat dollar terms which forces the cost of living up and once this happens and breaks through price controls, inflation runs rampant, which as I like to point out is economic DEFLATION because when it costs more money today to buy what was cheaper yesterday and there’s nothing the government or the central banks can do about it, companies like Afterpay Limited get screwed over in more ways than one.

When I read and listen t most people talk about the modern economy, they ignore the DEFLATIONARY aspects of inflationary prices. More money buys you fewer goods and services. Imagine returning to work knowing that more money will buy you fewer goods and services.

During The Great Depression, people forget about the terror organized labour had on the productive classes of society, the depression happened primarily because of organized labor spreading “the sky is falling” propaganda. There were people getting rich during the great depression, where people weren’t getting rich was in the Weimar Republic because it took more money to buy fewer goods and services there.

When the government manipulates the money supply, that’s a real depression, it doesn’t surprise me when I see looting in America, these of us living lives of privilege. There’s this concept floating around that the government is printing money, well, Jack Dorsey didn’t buy Afterpay Limited with money, Afterpay shareholders will get 0.375 of Square class A stock for every share they own? Do you understand?

The economy is DELFATING, But as was the case during the great depression, so is the case now, the media is either complicit or their writers are ignorant as to what’s happening.

The potential downsides of buy now, pay later programs like Affirm and Afterpay | cnbc.com

Interesting times ahead!