Nostr Web Client

Here’s the latest fiat scheme you aren’t talking about: Buy now, pay later. BNPL is exploding, and not because people want it.

There’s a $24 BILLION surplus in unpaid BNPL debt. Why?

Over 60% of users admit they can’t make their payments.

People are financing groceries and gas because wages haven’t kept up in 40 YEARS.

Inflation crushed your buying power, everything costs more, and you earn the same.

They call it “Buy Now, Pay Later,” but it’s really Debt disguised as convenience.

Translation: you’re so broke, you can’t afford the present, so they’re selling you the future.

And who wins?

The billionaires running this scam, while you drown in fees and penalties.

The banks and investors are laughing as you finance your paycheck.

This isn’t freedom. It’s debt slavery.

The system is a rigged trap, and you’re the target.

Bitcoin is the only way out.

Wake up. Opt out. Start stacking.

#Bitcoin #FixTheMoney #EndFiat

#nostr #grownostr

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Discussion

rev.hodl 1y ago

If the name of the game is hodl as many sats as possible for as long as possible and hold as little fiat for as short as possible. Using credit cards and furthermore splitting stuff like Amazon purchases into payments to then be paid with credit cards helps to enable that strategy. You get batch many purchases together and only have to touch fiat once to make the credit card payment and you get to defer the payment for as long as possible.

Andrew Gomez 1y ago

Back when i had credit cards (and cc debt) my minimum monthly payments on them were immediately re-withdrawn once payment was registered. It's Revolving Credit and uncollateralized, so why not, right? Until i defaulted and messed up big time. Moral of my story? Never miss a monthly minimum cc payment ; one can always cash advance it out again after.

🤦 Guess we live and learn... 🤷

Bill Cypher 1y ago

This is brilliant for people with the necessary willpower to play with fire and not get burned.

If you don't understand that this is leverage and the risks that brings you can easily get rekt.

CappyNate🍁 1y ago

I have no idea how this BNPL lunacy sprouted up.

"It's fintech!"

SMH

Lauren of Light ☀️ 1y ago

Wild times indeed.

Andrew Gomez 1y ago

Fun fact: it started here with Klarna

Rebel-With-A-Cause 1y ago

For those at the bitter end and thinking there is no escape, believe me, I was there in 2008, laden with over £60k in credit cards/loans debts, 3 properties and mortgaged to the hilt! Lost my income, banks closed business and personal accounts but it IS possible to claw back. Forget IVA or the citizens advice bureau, I managed to beat the system and force the DCA (debt collectors) to bugger off and leave me in peace asking for proof and evidence.

later I understood the system but it is captured better in the book "The Title is Unimportant" which can also restore your credit rating (aka Slave Score) - I just waited 6 years and all debts became unenforceable.

Do not dispair, Debt collectors work on fear and fraud to intimate and crush you. Be strong, learn from others and know there is an escape plan out of debt and back into the light. 💜