Remember the news a couple of months on how the US economy is picking up because people were using their cards? Right, they used their credit limit because they couldn't make ends meet and now they can't pay them off.
Discussion
It is definitely good for the economy when credit is spent on daily stuff... 😂
Good for the creditors yeah.
Increase the interest rates, make everyone take out loans and use credit, lower the interest rates (cause the loan rates have been locked in) and everyone BUT YOU wins.
Unfair game though, but not knowing the game makes you an easy victim.
Of course it's unfair. the entire legacy system is a fraud
They’ve been able to extend their runway a lot longer than I anticipated.
Even this bitcoin price action and their maneuvers to suppress it since FTX & BlockFi & Celsius … honestly it has been impressive. I wonder how much longer they can go…?