Money & Economics

[tigerwillow1]

I think this could be reworded as:

Trump threatens to shut down welfare system run by banks that also generates big profits for them.

 

[bigredfish]

Wait until they start cancelling cards and reigning in credit.

Dumb piece of shit has no idea what he's doing.

He's merely pulling stuff out of his ass in an attempt tp buy votes at this point because he's been told we're likely going to see a major economic meltdown and the gay frauds and grifters "Republican's" have a good chance of losing contol of Congress and he'll be impeached. Again.

 

[tigerwillow1]

Wait until they start cancelling cards and reigning in credit.

Dumb piece of shit has no idea what he's doing.

I interpret it differently. The high interest rates cover the defaults from the deadbeats that the banks shouldn't have given a credit card to in the first place. So why do they give out cards they shouldn't? To skim profits from the money movement, of course. And who's providing the money they skim? The ones that pay off what they owe.

 

[bigredfish]

Agree, but they will tighten credit. Not expand it. Joe Q dumbass will not be happy when his buy now worry later card gets its limits cut or cutoff.

Doesn’t matter, he doesn’t have the authority to do it, it will take an act of Congress to change the law.

Maybe he’s just going to use other strong arm means to get the CC companies to comply. Force is the only thing in his toolbox

 

[bigredfish]

This makes some sense , from an investment angle

 

[mat200]

This makes some sense , from an investment angle

I am 100% certain the CC companies, and the likes of Klarna will follow the directions of the US Commander and Chief ..

 

[bigredfish]

Wager?

 

[mat200]

suspect team Trump is looking at this chart wondering when the crash comes and wipes out their game ..

just like the National Debt, there's a cliff coming ..