Posted on 01/03/2025 4:56:15 PM PST by delta7
There are car accounts out there pushing 40%... I can’t even imagine. 29.9% is actually fairly common. And as you quoted - the “average” is 24.43...
In full-afterburner mode...
Re: 40 - but, but… Socrates!
A Furiously jackassin’ New Year...
https://wallethub.com/edu/cc/historical-credit-card-interest-rates/25577
I do not cry for the banks at all.
They are acting like mafia as shown by the historical rates vs prime rate.
not only that, they get to write off their bad debt.
Banks get to write off losses? You're kidding me!
My statement is this: Paying off credit card balances on a monthly basis with your own money is economic activism.
You can save yourself a lot of time and effort by creating a “hate Armstrong” web page.
Then just link to it every time an Armstrong article is posted.
You are welcome.
This should keep you busy for awhile. He has his latest reports available.
https://www.armstrongeconomics.com/products_services/products/coming-institutional-reports-for-2025/
“ QUESTION: Mr. Armstrong, I have followed you for three years. I can see why you are regarded as the world’s highest-paid advisor and have offices worldwide. You are also the only advisor not blocked around the globe…. We are preparing several Institutional Reports on governments for 2025. You can subscribe to Socrates or buy reports, but I cannot charge for any direct advice whatsoever to any government….”
Who didn’t see that coming? What’s the next parting act of whoever is pretending to be president, forgiving all credit card debt? I mean why not, the taxpayers surely wouldn’t mind, right?
“Using the rule of 70, that debt will double in less than 3 years.
That’s just crazy.”
What’s crazy is sing credit cards as loans - what’s criminal is the admin that screwed the economy to the point where credit card companies can be loan sharks...at least when Carter fu..ed the economy with high interest rates, our bank accounts also gave us larger returns - my credit union give between 0.3% and 0.5% which is all lopsided - back then, I got more interest on 7k than I do on 120K today.
“You can save yourself a lot of time and effort by creating a “hate Armstrong” web page.”
There are already a lot of webpages dedicated to the evils of this scammer!
Full Disclosure required.
“—– anonymous —–” = “Martin Armstrong”
“I can see why you are regarded as the world’s highest-paid advisor and have offices worldwide.”
ROTFLMAO!
Armstrong, the convicted felon, lost his securities license and is barred from giving financial advice or associating with financial advisors.
These worldwide offices are about as real as the legendary Socrates computer.
Was Armstrong using Socrates when he lost $700,000,000 of his clients’ money in that $3 billion ponzi scheme that cost him eleven years in the pen?
Your posts are amusing.
If we have an article entitled “The Sky is Blue” you will respond with relentless debunking of the author.
As a result the debate about the color of the sky just turns into a mud-slinging contest.
“Banks get to write off losses? You’re kidding me!”
Sort of. They still have to eat the losses.
The credit card balance is counted as an asset. If, after 180 days, it is considered uncollectible it is removed as an asset.
Nobody refutes my facts on Armstrong.
-‐-————
Martin A. Armstrong, the founder, chairman, and owner of Princeton Economics
International Ltd (”Princeton Economics”), an unregistered investment adviser, appeals from the
decision of an administrative law judge. The law judge barred Armstrong from association with
any investment adviser based on Armstrong’s conviction on a single count of conspiracy to
commit securities fraud, wire fraud, and commodities fraud and his injunction from violation of
antifraud provisions of the federal securities laws. We base our findings on an independent
review of the record, except with respect to those findings not challenged on appeal.
II.
On August 17, 2006, Armstrong, then fifty-six years old, pled guilty to one count of
conspiracy to commit securities fraud, wire fraud, and commodities fraud.1 The district court
sentenced Armstrong to sixty months’ imprisonment and three years supervised release, and
ordered him to pay $80,000,001 in restitution to sixty defrauded customers.2
As part of his guilty plea, Armstrong entered a sworn allocution admitting to and
describing his crime. In his allocution, Armstrong admitted that between 1992 and 1999, he sold
promissory notes issued by Princeton Economics subsidiaries (”Princeton Notes”) to investors,
mostly Japanese corporations. Armstrong, through his agents, represented to the investors that
the proceeds from the sale of the Princeton Notes would be held in accounts at Republic New
York Securities (”Republic”) and that those accounts “would be separate and segregated from
Republic’s own accounts and would not be available to Republic for its own benefit.”
According to Armstrong’s allocution, after he suffered “some millions of dollars of
trading losses,” he decided “not to disclose to investors that . . . substantial losses had been
experienced in this trading of futures. And we did not disclose it.” Armstrong also admitted that
his concealment of his losses went beyond non-disclosure: “letters were sent by my company to
investors concerning how much money was in fact in the accounts assigned to them. I . . . did
send out those letters, even though . . . I knew the amounts in the accounts were less than the letters claimed
https://www.google.com/search?client=tablet-android-samsung-rvo1&sca_esv=5564708a59597dc0&q=martin+armstrong+in+prison&source=lnms&fbs=AEQNm0Aa4sjWe7Rqy32pFwRj0UkWd8nbOJfsBGGB5IQQO6L3JzWreY9LW7LdGrLDAFqYDH2Z7s7jqgHIAW8PVnwe_sR_e-RCOLF8PNV6cgrvTe9W1QlY3sOMCnrD6DpPmucUF3Q4DWCnbUQ16OCFEw0bA3f-fDkHN2jvg4mCdEuzjLUEx9pVfKIHpsyD7iEVBbaffxDuWdv6CcDf_1s7ZzSP88zahQpltA&sa=X&ved=2ahUKEwjnnY7VpNyKAxXugIQIHe6sMZwQ0pQJegQIDBAB&biw=1205&bih=541&dpr=2.13
Before I post any article by anybody I will make sure to get your seal of approval first.
Lol.
“You can save yourself a lot of time and effort by creating a “hate Armstrong” web page.”
Question: Do you believe world renowned political analyst Martin Armstrong?
Abbi Gold
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Follow
Former Operations Associate at LUCHA Arizona (2022–2024)
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1y
I tend to not listen to people who were convicted and who spent 11 years in jail for cheating investors out of $700m ‘
I imagine that few, if any, of the investors he cheated of $700 million would define him as such. I doubt that the regulators that he hid $15 million in assets from think of him in that way.
They probably think of him as a fraudulent felon who deserved every minute of the eleven years he spent imprisoned for ripping people off
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