Credit maxxing vs Debt slavery?

[Schwarzwald]

Don't be a simp.
You don't even want to own a home in the first place lol.

 

[Nicococo]

I owe few thousand dollars as debt and there's nothing they can do about it, lol.

It's funny when they dm you plans to just repay small bits with no interest, GTFO faggot ain't paying shit back.

 

[qqq]

 

[Suigin Trismegistus]

I have a feeling it's going to get harder and harder for the average person to be able to access credit. Give it a few years.

 

[Schwarzwald]

I have a feeling it's going to get harder and harder for the average person to be able to access credit. Give it a few years.

Idk about that, if they implement a social credit scroll alone with your credit score they will be able to box you into your 15 min city and squeeze you even hard then now.

 

[Waco]

If you're black you have the third alternative route, welfaremaxx your whole life and never get a job. You get to live a somewhat primal existence emulating the lifestyle of our archaic ancestors; roaming the streets with your hbs, killing opps (hunting), stealing various items (gathering), etc etc. At the end you die at the age of 22, having lived a fulfilled eventful life and leaving 13 children from multiple foids as your legacy.

 

[Schwarzwald]

If you're black you have the third alternative route, welfaremaxx your whole life and never get a job. You get to live a somewhat primal existence emulating the lifestyle of our archaic ancestors; roaming the streets with your hbs, killing opps (hunting), stealing various items (gathering), etc etc. At the end you die at the age of 22, having lived a fulfilled eventful life and leaving 13 children from multiple foids as your legacy.

LOL that seems to be working well for the folks in England, Germany, and France.

 

[Konrad Cruze]

Don't be a simp.
You don't even want to own a home in the first place lol.
View attachment 13138

Didn't properly explain the thread. I don't use modern slang. However, I was able to get the gist of it.
Debt slavery is inhumane if the debt wasn't called of if the person suffered from unexpected circumstances or if the interest rates are predatory (giving high interest rates to desperate people).

 

[Suigin Trismegistus]

Idk about that, if they implement a social credit scroll alone with your credit score they will be able to box you into your 15 min city and squeeze you even hard then now.

The reason I say that is because 1) Trump wants credit card companies to cap interest rates on credit cards at 10%, but if you understand the business model you know this will mean that credit dries up for all but the people with top credit scores. 2) Sovereign bonds and treasuries from most countries are being sold off. No one wants government debt, and government debt is one of the primary mechanisms through which central banks create money out of thin air. Higher bonds go, higher the base lending rate goes, trending up towards what consumers pay on their credit cards. Less money, less liquidity, less credit available for the masses.

 

[Schwarzwald]

The reason I say that is because 1) Trump wants credit card companies to cap interest rates on credit cards at 10%, but if you understand the business model you know this will mean that credit dries up for all but the people with top credit scores. 2) Sovereign bonds and treasuries from most countries are being sold off. No one wants government debt, and government debt is one of the primary mechanisms through which central banks create money out of thin air. Higher bonds go, higher the base lending rate goes, trending up towards what consumers pay on their credit cards. Less money, less liquidity, less credit available for the masses.

Idk how dumb the public is but I hope it's not that dumb to take government debt loans.

 

[Suigin Trismegistus]

Idk how dumb the public is but I hope it's not that dumb to take government debt loans.

Bonds are government debt. Lots of people own bonds in their investment portfolios. It's a loan to the government, and the government pays it back with interest from tax payers.

 

[Schwarzwald]

Bonds are government debt. Lots of people own bonds in their investment portfolios. It's a loan to the government, and the government pays it back with interest from tax payers.

Yeah I get that, that's not what I meant though.

 

[Suigin Trismegistus]

Yeah I get that, that's not what I meant though.

I guess you meant more like student loans?

 

[Schwarzwald]

In the end that seems to be the goal to get everyone into a form of credit debt. Physical currency is fading as digital payments become the default. And they want to make some gay stable coin.

 

[Schwarzwald]

I guess you meant more like student loans?

Well I was point at that in a way, the fact that it's the consumer taking the loan and paying it back not like a bond where the consumer gets "payed"

 

[Suigin Trismegistus]

In the end that seems to be the goal to get everyone into a form of credit debt. Physical currency is fading as digital payments become the default. And they want to make some gay stable coin.

Yeah definitely. Credit cards are great if you know how to use them though. Always pay down before the billing date to below 10% utilization (I usually pay down below 5%), and always pay them off before interest kicks in.

 

[Schwarzwald]

The goal is control to the very last calorie, they field test that shit all the time. Whatever the end goal is it's closer to a factory farm then anyone is willing to admit.

 

[Schwarzwald]

It doesn't really matter if the cattle talk about how they get butchered, just more mooing if anything...

 

[Suigin Trismegistus]

In the end that seems to be the goal to get everyone into a form of credit debt. Physical currency is fading as digital payments become the default. And they want to make some gay stable coin.

Yeah definitely. Credit cards are great if you know how to use them though. Always pay down before the billing date to below 10% utilization (I usually pay down below 5%), and always pay them off before interest kicks in. Then collect the cash back rewards.

 

[Schwarzwald]

Glitchy

 

[Suigin Trismegistus]

Glitchy

Yes, what was that?!

 

[Memento Mori]

Yes, what was that?!

Double posting sometimes happens, usually client isn't fully synced up with the server

 

[Schwarzwald]

Yes, what was that?!

Yeah I ended up deleted something I don't care to retype hahah. The overseers are not happy with the debt talk lol.

 

[Memento Mori]

Yeah I ended up deleted something I don't care to retype hahah. The overseers are not happy with the debt talk lol.

fixed it for u