IT BEGINS....THE TAKEOVER THAT NO ONE IS TALKING ABOUT [say goodbye to credit]
👀 CREDIT RED PILL 💊
https://www.youtube.com/watch?v=g0g2PzOjFjY
Banks buying up, changing rules.
Sticky! Yes this is important Anons, and will become more, as that Great Reset comes on faster. Merging of 2 credit card companies into 1 will only leave 3 big credit card companies left world wide. Choices are getting thinner. Making the phrase “Own nothing and you will be happy” more and more a reality of those that can’t afford to pay attention.
I think the question is how and when. It’s all supposed to go bubye, but how and when, I have no clue. Though Bubbles explained some of how pretty good. But the when is still out there.
The money has collapsed. This is how a pyramid scheme collapses.
I think it would still be 4 credit cards types, right? Visa, Mastercard, AmEx, and Discover. Capital One is just a bank but I think their credit cards are Visa. I assume they'll switch to Discover network
I don’t know how it’ll all work. I’m just thankful for the heads up from the Anon and the lady in the video.
Yes. Op is a retard
Soon the regional banks will be bought up by Citi/Chase/BoA
Who's merging? I see C1 is buying Discover, but keeping the brand and the card. Not saying that is good for us……
Less big banks controlling credit. In the video she explained why. It’s all about reducing our “freedom of options” outside of what the Cabal wants to offer the world.
I get what you are saying here.
Realize that credit cards are an option.
What happened to paying by cash, or check, or simply doing without?
If you found out that all the loan sharks around were cannibalizing each other, would you react the same way or would you take action (even if it is incredibly hard and unpopular) to not need the loan shark in the first place?
Credit card companies count on us being lazy and undisciplined. We enjoy the convenience. Frankly, I enjoy this, too. Now I am looking at how I can cut credit cards out of my life.
This is a classic example of watching the bomb fall and ignoring the bombers in the sky that are carrying thousand more of those bombs.
Yes, one of the 4 credit card companies are going. But guess what? The rest of the 3 are also going to be wiped out.
Why?
Because the entire credit industry is an integral cog in the fiat currency beast financial system.
Credit is EVIL.
Let that sink in, before complaining how one of the credit card companies are disappearing.
Its like watching one of the big banks disappear and feeling sad that we are losing competitiveness within banks.
The signs for this has been written all over the walls. More and more shops that used to say "No Cash" in 2021, are now putting up signs "1.5% surcharge for credit card transactions. Additional for Amex"
My prediction? Next to go will be Amex. And finally the VISA and Mastercard. All the salvagable parts of these companies will probably be assimilated into the new non-debt backed financial system.
u/Brent75
I predict that post Great Awakening, Credit Cards might cease to exist altogether
How do you know whether a credit system is a evil system or not?
Here is my personal take on it. If there is no debtors prison, then the credit system is evil. Why? When there is debtors prison, the person taking the debt has to face consequences for how they handle their debt. But if not, then the whole society has to pay for people's irresponsible use of debt. And that brings us to how debt is used as a part of slave system.
I mean that is one way to look at it, another way the the biblical evil of usury.
Source Exodus 22:25, Ezekiel 18:13, Duteronomy 23:19 (there are others)
Any interest base system is flat out evil. I am hopeful another round of Trump will have a Jubilee. I hope we are that far along in the Timeline, though we might still be going into a few years of destruction. I am hoping that these past years of deep state/secret combination administration is the time of troubles.
Agreed. They used usury to control individuals and convert them into slaves and steal all their wealth. Now they are using the exact same tactic, but at country level, using central banking.
While I agree that all interest based system is evil, my simple mind cannot wrap around a world where people have no way of borrowing money. What if you fall on hard times? What if you want to start a venture?
The way the Banksters took control of the Christiandom was by filling in the void that was left since Christians were not allowed to charge interest and so many of the monarchs had no other option but to borrow money from the Banksters.
Do we want this huge gaping loophole?
What if there is a low interest based loan system, but backed by resource backed economy and without fiat fraud?
Honestly, I cant even begin to grasp the answer, and if you know me, you realise that this is very unsual.
Usury = a pound of flesh. A claim of ownership over a person. Without interest, you would have a loan fee (one time) or even none. Loans woud have to be collateralized such as house or car loans, If the loan can't be claim the collateral.
Interestingly with sound money you have Deflation instead of inflation, so receiving the same nominal amount would be a real gain. So, investing in community via savings = a real return. A virtuous system.
This is very good point. I do believe ultimately everything will be at local level - governance, banking, charity, etc.
Hmmm, very interesting. You can extend this a bit further and say loans should only be taken to purchase assets. The asset you purchase is going to be the collateral. You want to live luxuriously? Get a loan, purchase an asset and use that asset to start a business. I like this idea.
You are right. If one was unable to wipe out certain debts by filing for bankruptcy, I suspect people would think twice before wracking up so much debt for which everyone winds up paying.
Wee further refined it in this subthread
Amen
AND ALL THE CREDIT debt rolled into a configurable application that will help people deeper in dept to GET OUT OF THE DEBT...
The financial system is a shambles due to the bank nonsense in the '80s where I was working at Merrill-Lynch in tech dept...just keeping track of the transaction was a SUPER headache due to putting NOT ONLY 2 FIELDS FOR IDENTIFICATION BUT ALSO A 32-BIT column to track that persons transactions.
Anything to make life easier for the plebes...I AM ALL IN AND FOR!!!!
Yes^^^ came to say this. Credit cards suck the lifeblood from people. I walked away years ago and it was life giving!
Soon this slave debt system will be demolished. It's theft. Hopefully there will be restitution to the people.
I agree with u/bubble_bursts. Good on you for seeing the silver lining in this, fren. u/HonestBobbin hit the nail on the head with the usury comparison. The Lord strictly forbids it.
The credit system is how the faggots got rich and powerful enough to control humanity in a system of debt slavery. Good riddance when it's gone.
https://greatawakening.win/p/17sP6Wthyw/x/c/4Z8kf5pshYj
Now I knew it was all going to go poof with Trump back somehow. But just knew from all the stuff we talk about back-stage. But this makes a ton of sense my friend. You should do a separate post/thread explaining it down the road for everyone. It might ease credit/debt fears. Heck, I feel better enough to take these hot coals out my britches now Kek!
What you figure will happen with mortgage debt when this goes down?
Simple. If you want to keep the property, you have to roll that debt into a non-predatory, low interest loan in the new free system.
Or, you have to downsize, and work your way back.
I sure hope that option shows up, and doesn’t require a mark.
Who owns Synchrony Bank? I have a PayPal account, Sam's Club, and Sweetwater, through them.
I have a lot of CC, chasing Welcome Bonuses, and 0 APR. I haven't paid interest in many years. Also, the cashback at merchants adds up.
Really CC's are very bad to have for most people...
Somehow my Grandparents made it into their 80's with 0 credit cards.
My grandparents had a credit card. The traveled a lot most of their lives. They always paid cash for every car. They were not rich just frugal and times were very different in the 70s and before. Also remember most people didn’t need credit before the 80s. You shopped for everything local and most people put it on lay away. In the 90s I always put my daughter’s clothes and gifts on lay away.
Yeah, My grandparents were snowbirds and moved to Fla. they bought a new car cash but paid a mortgage to a relative for their home. Must have been modest interest because they had enough to pay cash for the house, and it was paid off by the time they passed.
My mom was a financial moron and ruined her life with her lack of control. My sisters to a lesser extent. I don't have a lot of money but have always been thrifty and frugal. Had a mortgage on my first home, paid off in 16 years then leapfrogged living in three condos paying cash each time. I built a home abroad and lived there for a few years, so now I own nothing in the USA. At 65 I don't plan on buying again. Rent is cheap compared to home prices where I live.
Few places have layaway anymore.
Yep, obsolete! In my area there aren’t a lot of shopping selections. TJ Maxx, Ross, Grocery Stores, Walmart, Sam’s, Big Lots, Roses & Lowe’s. Ross used to be great for clothes and might still be. Every time I go in they have one register open and 20 in line. If it’s like that I don’t even look around. TJ, Marshall’s & Home Goods are great, I only have TJ. There’s a mall but I don’t go. I use only clean non toxic body and cleaning products so I have to order everything. Target is 💩 even before it went woke🌈 the quality of products went way down. I shop at Roses and Big lots and find basics for the house much cheaper.
I refuse to go to Walmart. Everywhere there is a Walmart, crime increases. If you are looking for trouble, shop at Walmart. Rude patrons, indifferent cashiers, and cheap Chinese and Latin American products, and add shoplifting as the icing. I used to go to Target weekly, until they started with the unisex bathrooms. I only go out of necessity about 1-2 times/year, because I refuse to go to Walmart. All these big box stores are woke now, including Amazon!
We don’t go to Walmart much but sometimes it’s the only place that has what we might need immediately. I agree on the crime but can’t blame Walmart for all the crime in my area. I’m in between a very small town (with Walmart, fast food & grocery) & a larger town with most of the stores I mentioned earlier. The Walmart in the small town is ok. In fact people from the larger crime infested town come to the smaller Walmart. The larger city has such bad crime because the government is corrupt and have let the gangs take over. We don’t go anywhere without protection. Up until the last year I was ordering house items from Target because it was cheaper. Last time I ordered things were busted and leaked. They used to package everything with such care. I guess the good employees left and I don’t blame them. From the day target opened until two years ago, being a woman I could spend two hours shopping and browsing. Not anymore! Another reason I order online so much. It pisses me off what corrupt government has done to this country. The days of going to town for a new pair of shoes or jeans is over. Even if the store has clothes they don’t have enough help. I don’t mind shopping online but some things you need to touch and feel. Then you have aggravation of returns.
Sad what big businesses have become.
Same. I have over 100K in available credit card. I pay everything off monthly. Carry no debt. Will always take advantage of 0% offers if relevant. Keep a LOC handy if needed.
Ayup, and if Trump isn't elected then credit go boom! Kek
Having credit readily available, no questions asked, is never a bad thing for a responsible person. And the 5% back from Walmart, Target, and Amazon basically offsets sales tax.
My Chase Prime has 5% at groceries for about 40 more days. I buy a lot of BOGO at Publix, CostCo every once in awhile. Birdseye chicken Voila for the win. Losing weight on the days I eat that for lunch.
I'd shop more at Aldi etc... but its two buses to go there even though less than 3 miles. Cycle it when winter's gone.
I'd shop more at Aldi's too, but it's over twice as far as Super Walmart, another prominent local chain in my region, and the IGA. About the only time I do is if I have to fly for work since the airport is quite close to that.
There are no buses out by me, but we have a cool bike trail built along old railroad tracks that they removed that goes over trestle bridges across the corners of some lakes and straight into town, population 4k. I ride the UTV down my county road to one of the trailside parking lots and then ride my bike into town from there. And if the weather is crappy I just do delivery or just take the UTV the extra miles into a smaller town where UTVs are legal on nearly every street, but it only has one grocery store.
I know it's stupid, but I enjoy that I don't actually need ID to do that, I only need to have been born before 1988 and have the UTV registered ($30 every 2 years and no emissions tests required).
Nifty UTV on the road
2020 destroyed my buying/selling revenue streams and 2021 buried the contacts, so starting over in 2022 was out of the question (I will be 79 this year). I had to use my Chase card for food deliveries and it is incredible how quickly the debt grows. After it was said and done, the rising % of the usurious cards were infringing on my fixed income, forcing me to begin a debt reduction plan. Right now it is a race between the CC banks going under and my ability to actually reduce the debt. I am finding my fixed income is increasing thanks to increased VA disability pay. I am betting the collapse of the banking industry from excessive derivitive holdings.
What's the text version of this?
Capital One is folding. So this lady is worried that it reduces the competitiveness of the credit industry and you wont be able to get credit cards with low APR etc.
In an unrelated news, the slave masters have announced that one of the top four chains preferred by the slaves are no longer going to be available. Slaves are sad that their choices are getting limited.
EDIT: Sorry, I mistyped. Capital One is buying. Discover is disappearing.
I believe capitol one is buying discover so discover is "folding."
Actually Capital One is buying Discover. She spends a lot of wasted words saying this.
over and over and over.............glad I'm not married to this tattoo queen
DignifAI can help with the tattoos at least.
Warnings are placed for a reason ..................but there is always some idiot that will go 100 around the warning signs.
Discover has always been one of the worst credit cards anyway. Terrible rates for buisness acceptors and worse rates for the card holders. Not much change in the wind direction with this single acquisition/merger.
I say fine. Makes the litigation and paperwork easier in the future when these monolithic exsanguinators of public trust are abolished, reformed, or replaced.
Cap one is actually buying Discover for 35 Billion.
We have one credit card, Lowe’s. Only because we can get something at a discount and pay it off with in the next month. It was hard but we got out of debt. Have one car payment. Hair paid so much they tell us we don’t owe a payment till mid next year. Hubby is paying more each month to pay it off early. They don’t want that because they loose money. Thirty years ago we were in such horrible debt it was a struggle to buy groceries for the week. If we can’t afford it we don’t buy.
I have about 10. Each one paid me roughly $200 each upon opening in some form of bonus and to maximize the 5% bonuses.
Used to travel a lot for work so I had the Delta Amex for the earlier boarding, bonus miles, and free checked bags and the Holiday Inn card which easily paid for itself over the years.
Had the Uber card back when that was around which had 3% or 5% back on restaurants in the form of Uber credit which I used for work travel.
Amazon card of course for the 5% back there. Walmart too for the same reason.
Amex Blue for back in the day with the small business Satursday promos.
Amex Business for the 5% back on telco services.
Chase Freedom.
Discover IT.
Unfortunately she does more than enough talking for everyone, and most of it is useless filler. I'm halfway through and can summarize it all in 6 words:
Discover being bought by Capital One.
Even watching at 2x speed I couldn't make it past 9 minutes.
Seems like a stretch. Banks have been consolidating and the financial sector has seemed messed up for a while. But this doesn't seem like news.
Personally I remember that credit card usage wasn't that common until the mid to late 90s.
My take is that credit cards are a big component of fueling excess inflation. It throws the time value of money out of order.
Having to wait for money to even auto deposit into a checking or savings to use acts as a buffer against inflation versus credit cards where there is no wait as long as you have not reached your credit limit.
I hate credit cards and perfer to use cash or a debit card. All credit cards are good for is to keep people in debt.
For stupid or irresponsible people. For those of us who don't carry balances I save 5% on nearly all purchases (Amazon, Walmart, and Target).
Bitcoin.
That fact is the most consistent thing on this planet. [They] always change the rules. When the people wake up... they (we the people) will be pissed off that they even participated. NCSWIC... nothing.
I really hope so.