Subnostr

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.

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Crusty 👨‍💻 1y ago

It is definitely good for the economy when credit is spent on daily stuff... 😂

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Discussion

TheGrinder 1y ago

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.

Crusty 👨‍💻 1y ago

Unfair game though, but not knowing the game makes you an easy victim.

TheGrinder 1y ago

Of course it's unfair. the entire legacy system is a fraud

BoomTown 1y ago

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…?

TheGrinder 1y ago

Forever? All they need is a decent war to crumble what it's left of the currency. Then they can do a reformation of the currency, blame the war for the inflation and start over. Like always

BoomTown 1y ago

But not with bitcoin. People will increasingly opt out.