ECONOMIC CRASH INCOMING

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We'll crush the cucks

good
it will only hurt the shekel grubbers

>looks at cryptocurrencies
Yup, totally normal

More like dumb 20 year olds who dont understand the concept of credit cards are defaulting on them because they think its free money and bitch and moan when it comes time to pay the bill.

Turns out the obama economy was a bigger piece of shit than he was.

When do we start fitting the nocoiners with slave collars?

this

I'm a giant pussy who's in his 30s and only has a debit card and no credit cards because I'm totally trying to not risk being a victim of credit card companies because I'm a poorfag anyway.

>oy veyy! why dont these goyims take out more low (20%) interest loans!
smart move goy

Lel You cant walk away from student loans.

its talking about (((credit))) cards.

>unemployment at 16-year lows
meanwhile the amount of working age americans without a job is 102 million, more than during the 2008 crisis

well going to protests rallies and buying new bike locks and face cover every week doesn't help the bank account health

Americans?

You mean illegal immigrants?

Just as Friedman predicted.

I have two credit cards. One I use regularly and pay off every month (food, gas, booze) and another one with my local bank that stays home (emergencies).

It helps to build credit, just don't be a moron. Hold like $250-$500 worth of debt at all times.

I assume you mean you use it all month, then pay it off in full each month right? You'd be a fool to keep a balance on a card.

Get the Amazon card if you have prime, or if you travel get the southwest card from chase.

Pay it off every month and don't carry a balance.

2% cashback cards are nice though.

>It helps build credit

True, though my score seems to be decent just based on my student loan payments (which are small since I only did it for my final year)

Keeping a balance intentionally is a valid credit building strategy. Credit card companies like people that get behind a little bit, it's how they make money.

I usually hold about $250 worth of debt. Paying interest seems to make my credit score rise faster. It's not killing me and I'm not thousands of dollars in debt but I pay a relatively small fee for better credit score. Buying a house soon.

Is this wrong? I've looked at things that impact my score for a while now and it seems like it goes up faster when I pay 3/4 of the card off every month.

I plan on building my credit up and then fucking it up by going on a shopping spree like a lotto winner.

The media will of course blame Trump who hasn't even been in office half a year.

This. I buy everything with my credit card and pay it back at the end of the month, and with the 2% cash back I get like $50 free every month

It's good to have them for emergencies

I made an enormous mistake and racked up £7k in credit card debt.

Almost paid it off now though, never getting caught up in the credit card jew again unless it's a dire emergency.
£1.5k to go, 2 months and it's gone.

tfw taking out loans to buy untraceable high yield cryptocurrencies

Lol credit card debt isn't big enough to cause a financial meltdown. Credit card companies will dip and that's it

hopefully we reach a total economic collapse that way the government will fall apart and people will finally be motivated enough to go out and lynch politicians and bankers

Fuk u are clueless cunt

U act like its a law of nature

Credit score is literally some gay shit minigame a jew made up to fuck with dumb goys like you

Fuking go read idiot

>using a credit card
Why?

>stop paying credit card bill off
>banks make more and more interest
>still own the amount
how is this bad?

>niggers don't pay off credit cards
>economic crash
>I however have a credit history of 100% on time payments
>I get credit from anyone
>niggers still niggers
10/10 ready for it.

This. They'll just push the governments to allow increases in the variable APR, in order to fuck over those that are actually paying off their cards.

Credit card companies make a pretty nice chunk of money from transactions. They literally skim every transaction made, paid for by the vendor.

Interest rates are gravy for them, certainly not required for them to make money.

It's a risk/reward scenario. When I'm well off enough, I plan on copying my father where he pays his bills with his credit card, but turns around and pays off the debt with his money immediately. Slower growth, but safer.

archive.is/MnBE6

Shit's going down. Good thing I'm close to getting a job I can't really be fired from. Just going to hope and wait it out. If the crisis destroys the US and Europe it won't really matter either way I guess.

>tfw was waiting for buttcoin to correct before buying the dip
>tfw still not dipping

COME ON COME ON COME ON I WANT SOME BITCOIN

Because the bank is still not making the money for the account.
They can sit there and add interest all day long, but the Fed will have to look at their defaults as well as their capital. At a certain point debt for banks becomes a big negative and not a positive.

Then, let's say they take you to court, and the judge says pay it back or go to jail, some folks are just so dumb that they're willing to go to jail or file bankruptcy. Either way, the banks aren't getting paid on their loans.

Get fucked by a roo you sour cunt.

>but turns around and pays off the debt with his money immediately

Some credit cards try to prevent this, by limiting how many times you can pay off your card per month. One card I have doesn't let me pay it off more than 5 times a month. You need to be decently strategic about it, in some cases.

>>unemployment at 16-year lows
they've been fucking with that calculation since the 1980s, it's meaningless, even despite those grateful few that finally got a new job in the past year.
Like Mark Twain said, Figures don't lie but liars figure.

No more dips for BTC or ETH my friend. It's leveling off for the time being.

Maybe look into LTC or another emerging crypto if you have little funds to buy in.

Or you can just mine all night.

Am I fighting the kikes if I pay my credit card on time every month?

I worked for TSYS for 6 years, if anybody here is interested in this subject I can expound.

You guys would be appalled to know how much third party processors make off of EBT cards alone.

You're fighting the kikes if you don't fuck with banks or credit cards.

>I'm a giant pussy

100% incorrect.

Old man (41) here to decided to say no to debt and credit cards in my late 20's after making a mess in college/post college years.

Guys, living debt free is better. It takes some ramp up time, but I cannot express the freedom of not having debt on my back. He might not be everyone's cup of tea, but Dave Ramsey (talk radio guy) has a whole operation for sorting yourself out debt wise.

"Stuff" is bullshit, and if your self worth depends on the logo on your sunglasses, or the number behind your phone, you are already setting yourself up to lose.

Beware incentive programs like cashback or reward points. These only exist to entice you to spend when you wouldn't. getting 2% back on a 17% interest rate isn't a net positive for you.

I'm not afraid to take risks in my life, because losing my job doesn't mean my world will collapse. Debt enslaves you, and the slavery behind debt is generally pointless materialism.

For the record, I'm not wealthy, and I haven't inherited anything. I just try and make sure I'm not buying shit pointlessly.
>credit above 800
>6 month emergency fund
>no mortgage for nice condo in nice neighborhood
>3 cars, 2 are late model, plus an old beater truck for errands
>plenty of toys and fun stuff, I don't live like a hobo.

PAY

YOUR

DEBTS!

Crypto currencies have, and always will be ponzi schemes. The ones who got rich, were there at the ground floor.

Speculation can still net returns, but it's still speculation. The only "safe" money in crypto currency is to somehow convince idiots to put their fake money in your equally fake bank. Make money in a legit fashion while the hype keeps things rolling, embezzle everything when shit hits the fan for one last payout.

Once bitcoin dips it's all over user.

>not having silver and gold as well as BTC and ETH

>Buying things with credit card
>get points back
>literally free money

I like it

My pay has to go into a bank. I use a credit union for that. I have a credit card with the bank I have my shares with, it's a $10,000 limit. I pay it off every month and use it to purchase for most things. I get reward points but it still feels really kikey

No, because for every credit card purchase you make, the credit card company gets a small percentage of the purchase before the seller sees it.
So you're still giving the jews money when you use a credit card even if it's paid off in time every month.

The unemployment rate is closer to 22 percent and not 4.6 percent. The stock market has no relation to the economy. A crash is coming soon.

>Old enough to have been well along in their career before the collapse.
>Old enough to have gone to college before prices skyrocketed.
>Old enough to have lived in a time when a college degree, any degree, meant walking into a company and getting a 50k+ job without experience.

>Surprised that not everyone is debt free, and living a good life.

>Unemployment hit a 16 year low
students don't count in that statistic. Unemployment is at an all time high if you include unemployed college students (most in useless degrees).

Obama did not reduce unemployment, he just gave more grants for school and told people a degree in english is better then no degree.

Fuck off commie. There's no such thing as free money. Even if you're paying your card off instantaneously, the banks are still receiving liquidity which they can loan almost 9x as much of, to other individuals, via fractional reserve banking.

You think the petty points your receiving as "free money", but in reality, it's just a dangling carrot, for helping the IMF grow in power.

Funny, cuz I heard the exact opposite. I was told holding debt doesn't benefit your credit rating at all, and having 2-3 credit cards benefit your credit rating far more than paying extra money for your debt.

go on....

Fake news

The god damn system is jewed to the point that paying a bit of interest builds credit. Its literally a number for how much profit they can make off you.

>unemployment hits all time low as we come up with new way to scrub stats and make sure only a small narrowly specified number of employment seekers gets included in the stats

Not all in useless degrees. I had a computer science related degree, and took over a year to find a job that didn't expect 5 years experience to do the equivalent of fucking help desk work.

I keep thinking about silver/gold, but I just end up buying guns and ammunition.

Ya but maybe I want a mortgage eventually so the game matters.

>defaulting on credit cards
>defaulting on car loans
>defaulting on student debt
>housing bubble 2.0

wew lads

Hillary will be celebrating not having to clean this shitstorm up

If you don't have a cashback card then you're being dumb. Pay it from your checking account every 2 weeks.

I wish I had waited a bit more to look for an IT job. I could have gotten more certifications while I waited.
I did get on at a good company though, and once you get on as a full employee you can go pretty much anywhere in the company.

Pay off your student loan with unsecured debt and walk away from that.

>not having all of it and food and ALEXAPURE filters

>be a goyim
>pay like 10$ fee every month to get a better credit score for a future loan
>do it for 10 years
>you lost 1200$ but you have a great score or whatever
>take a loan for a house
>as a reward for your score you pay less for it
>1000$ less

You would think that after ages of jewish loan scams goys would finally realise that a bank's purpose is to make money like any other business, not to give it away

>All these CC cucks.

Online shopping to prevent your bank details from getting hacked, and hotels/car rentals is the only reason to keep a card.

Keeping yourself in "debt" to please your creditor overlords is retarded.

Pay it off immediately.

>not having a great Good Goy score

good luck getting loans on cars and houses cuck lmao

I'm still making payments on my credit card and my car loan. The only one I'm not paying is my student debt.

>clean this shitstorm up
She was literally trying to re-create the variables that caused the original housing bubble. You know, by pushing for more predatory loaning again. She was probably also trying to contribute to the other bubbles as well, but that one can be definitively proven.

She had no intention of cleaning things up.

What do you do for housing? I live debt free, but I will never be able to afford property outside someplace like Detroit.

Pretty sure in the long term, you're better off identifying materials that are absolutely required for the future, and currently plentiful(but artificially so).

I have no idea how efficiently you can store helium, but I wouldn't be surprised if it became obscenely expensive in another couple of decades. It's used in countless applications, and currently cheap because we hoarded it in a massive national reserve for over 50 years. The resource can't be renewed, the only source is from the radioactive decay of materials in natural gas deposits, most of which we don't even bother to capture.

Prices are low, due to congress selling off our helium reserves for a short term gain

Why are Americans so addicted to using the (((plastic jew)))?

It's bernouts.
Their 0% APR terms on credit cards they drawn their donations from are coming to an end.

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>Not paying cash for old model cars.
>Not paying rent, which is cheaper than the house meme.

It's like you want to give Jews money.

The problem is at some point the debt non-payment becomes systemic. (((Banks))) that loan on credit borrow the money they are lending you.

If you can't pay the bank back, the bank can't pay the other bank back. Eventually it all comes down. Never fiat. Not even once.

no one wants to pay the juden

youtube.com/watch?v=hhkRQUtD_Jo

and once again its the american s.

It's best to keep a 15% - 20% balance on your card(s).

Story?

The banks aren't making this money - Visa and Mastercard are. They are payment processors, not lenders.

Tell us more...

rent is the biggest cuckery

>pay $1,000 a month to NOT own where you live

for $100 more a month you can have a much better asset in a house, even if you owe $100k to a bank for it.

>Old enough to have been well along in their career before the collapse.

I worked 2 jobs at the mall for a year after graduating college. I then worked for about 6 years in a cell phone store. I was severanced out after a merger, and I took a commision sales job a few months later. That sales division closed, but they kept me around because I worked hard. I'm still there 9 years later. I've made as much as $150k a year, but this year I'll make about 70k, as the company is having some problems.

>Old enough to have gone to college before prices skyrocketed.

My 4 year useless college degree (my fault from dumb choice) cost just over $100,000. Student loans paid some, my parents paid some.

>Old enough to have lived in a time when a college degree, any degree, meant walking into a company and getting a 50k+ job without experience.

This is total fucking fantasy. I went from college to the MALL, then years more of retail, then a commission only sales job before I found ended up with a salaried position in my early 30's

>Surprised that not everyone is debt free, and living a good life.

I'm not surprised. Idiots clamor for the latest Mac product and buy it while their previous generation shit works fine. I watch people swap out cars every 2-3 years. I watch people dump thousands into their gun (I'm a gun nut) to trick it out, and they never actually spend time at the range, they just want to brag online.

I've had a 400 credit score
I've chosen to use payday loans
I've had my bank account so in the red, I had to cash my paychecks, because depositing them would leave me no food/gas money.

Sorry, I'm not from some fantasy where the world was handed to me. I was another college kid who signed up for credit cards (for emergencies), but wasted them on partying and shit that is long gone while the debt still sits there.

>IDS HABBEDING
hold up, what sort of scale are we looking at here

If by fighting the kikes you mean being fiscally responsible, then yes.

I have rewards credit cards and a great credit score. I love credit cards desu

how can i learn about this stuff user?

5% cashback

discover.com/credit-cards/cashback-bonus/cashback-calendar.html

>buying a house now

I can almost guarantee you that damn thing will be under water in 2 to 3 years if the economy continues on this path

I did take out a loan for the $135,000 condo I bought. I then aggressively paid on it for the next 7 years to pay it off.

I should have clarified that. I did not pay cash for where I live, but eliminating that debt was top priority.