Credit Card Cap
(media.greatawakening.win)
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Eh the problem is it’s unsecured debt so it’s more risky. You have to offer higher than normal returns because of the higher than normal default rates. Unless the govt is going to be insuring the debt or making it like student loans where you can’t discharge it.
They create the money when it is spent on your credit card. That is by its very nature, inflationary, which is the price we all pay with the destruction of the value of the dollar. They are lending you something they made out of thin air and are charging you interest on it. Think about it. Interest rates should be 0.
What happens when every single low income american racks up $50,000 worth of debt, buys all sorts of nonsense, and then defaults? Do you really think we can just infinitely print money out of thin air and NOT have hyperinflation?
Countries do NOT survive hyperinflation and infinite printing of money. If trump doesn't get this shit under control, America may not have survived our current trajectory.
You are pretending as if we have a functioning economy at the heart of it all, instead of a dead service economy where 99% of GDP is glorified transfers of money for minimal real, transformative work done.
Trump is betting the farm on restarting an actual functional economy that performs transformative work (manufacturing, construction, farming, resource exploitation), because if we fix the Fed banking problem without a real economy, we create a multi-generational depression that makes the Great Depression look like a sneeze.