{"id":13049,"date":"2020-04-18T15:31:12","date_gmt":"2020-04-18T19:31:12","guid":{"rendered":"https:\/\/www.duck9.com\/?p=13049"},"modified":"2020-04-18T18:11:14","modified_gmt":"2020-04-18T22:11:14","slug":"duck-startup-bankruptcy-and-default-inside-a-system-setup-against-you","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/duck-startup-bankruptcy-and-default-inside-a-system-setup-against-you\/","title":{"rendered":"Duck Startup Bankruptcy and Default Inside a System Setup Against You"},"content":{"rendered":"
\n
By Larry Chiang<\/div>\n
\n<\/div>\n
The system is set up to give you enough rope to choke yourself. Wealth is soooooo tough to create that institutions rely on eventual default. Even if business is really good, you could be close to bankruptcy because of cash flow. <\/div>\n
\n<\/div>\n
Well business right now is bad. <\/div>\n
\n<\/div>\n
\u00e2\u20ac\u0153You know all those small businesses going bankrupt? Guess who’ll be buying up the equipment and resources on the cheap? Those with access to cheap loans from the government: banks\/big corps<\/p>\n

This is how people get screwed out of their blood, sweat and tears\u00e2\u20ac\u009d<\/span><\/div>\n

– <\/span>@jimmysong<\/a><\/b><\/div>\n
\n<\/div>\n
Cycles that occur in the economy are engineered. When the market hits the skid. All of your seat equity gets taken <\/div>\n
\"image1.jpeg\"\n<\/div>\n
History repeats pretty often<\/div>\n
\n<\/div>\n
\n\n\n\n\n
<\/td>\nJimmy Song (\u00ec\u2020\u00a1\u00ec\u017e\u00ac\u00ec\u00a4\u20ac) (@jimmysong<\/a>)<\/b><\/td>\n<\/tr>\n
\n
4\/17\/20, 6:04 PM<\/a><\/div>\n
You know all those small businesses going bankrupt? Guess who’ll be buying up the equipment and resources on the cheap? Those with access to cheap loans from the government: banks\/big corps<\/p>\n

This is how people get screwed out of their blood, sweat and tears<\/p>\n

#Bitcoin<\/a> fixes this<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The number one way to avoid this is to save money and build a high credit score so that your cost of renting money is cheap<\/p><\/div>\n

\n<\/div>\n
Chapter 2 of What They Don\u00e2\u20ac\u2122t Teach You at Stanford Business School is TREASURE MANAGEMENT<\/div>\n
\n
\n<\/div>\n
https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/a><\/span><\/p>\n
\n

\n<\/span><\/div>\n
Timing your career to coincide with up and down markets is \u00e2\u20ac\u0153Lec 19; #ENGR145\u00e2\u20ac\u009d which I expanded and forked out to be #cs183vc. 20 YouTube lectures about <\/span>timing<\/i><\/b><\/span> <\/span><\/div>\n
\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang The system is set up to give you enough rope to choke yourself. Wealth is soooooo tough to create that institutions rely on eventual default. Even if business is really good, you could be close to bankruptcy because of cash flow.  Well business right now is bad.  \u00e2\u20ac\u0153You know all those small […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"class_list":["post-13049","post","type-post","status-publish","format-standard","hentry","category-duck-chapter-9-startup-bankruptcy"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13049","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=13049"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13049\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=13049"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=13049"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=13049"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}