From BTT: https://freerepublic.com/focus/f-backroom/4028312/posts
Credit cards are getting easier to obtain. Credit standards reduced by banks.
Next?
Second mortgages (equity) will be easier and banks will start rolling future equity into home purchases.
To pay-off the maxed out credit cards.
I’m old enough to remember when your future equity could be your down payment on a house.
Welcome to the next 2008.
Note how the “change shortage” angle is being worked during this? I’ve a feeling they’d like that pesky metal money all gone for nice 1’s and 0’s money…