No. of Recommendations: 5
Thirdly, and the one that I find the most absurd, is that this seems to say that any time I use my dollars, whether from earnings, savings, investments, or a bank loan, I have "borrowed" it from somewhere, and so I am left wondering why you only apply that logic to purchases such as house or car when it seems that you're applying this to all money spent, and so that means, in your world and words, I seem to be borrowing from myself every time I spend a dollar whether that is on groceries, the electric bill, medical care, college, a house, or a car.

It is absurd. The reason he keeps saying that is to obfuscate to get you to accept what he is pushing. It's the typical way a con works, getting the target mark confused so that he'll fall for the con.

You see this in other garbage instruments that people are pushing -- interstingly, most of them that I've seen have some sort of insurance product as the thing being pushed.

You cannot borrow from yourself, it is logically not possible. Moving your own money from one account or asset to another is not borrowing. The "lender" and the "borrower" are the same entity, so the debits & credits cancel out.
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