Posted on 07/08/2021 4:41:54 PM PDT by 11th_VA
Inflation coming.
Wells Fargo got the word that the Democrats are planning to cancel personal debt.
Because women and minorities are adversely affected by personal debt.
Hadn’t thought of that. Kind of out there, but a whole lot of things that have happened in the last few years have been kind of out there. OK, really out there, but yeah.
Oh BINGO - they don’t want to be repaid with worthless dollars …
At a bank, you periodically evaluate all your products for profitability. If it’s not profitable enough, why are you offering it?
At what point is it no longer a bank?
No brainer. With interest rates falling yet again, these are just not as profitable as forcing everyone into credit cards.
Terrible bank.
“Inflation coming.”
For a awhile. However the financial-government sector can’t keep adding 0’s indefinitely.
Inflationary pricing needs a buyer, a buyer who can afford the new pricing.
4 anti inflationary trends could be:
1) tax increases
2) central bank raising interest rates
3) baby boomers dying off around the globe.
4) An end to unemployment and PPP subsidies.
The economy is a mixed bag of opportunities from my perspective.
At least white dudes can always become "women" to cash in on the preferential RAT rules. Heck we can even walk around with our schlongs out around naked women in spas, and if anyone disagrees Antifa will beat them up! What's not to like??
I had an account with WF...many years ago. They were AH’s then....and I’ve never done biz with them again.
Why does WF still have customers?
Inflation coming
Oh BINGO - they don’t want to be repaid with worthless dollars …
—————
Study Argentina, Venezuela, and other socialist countries to see what happened. Think mortgages, really think…..guess what?… laws were passed to tie mortgages directly to the official “inflation index”...mortgages were argued as being legal contracts, specified to be paid in a certain dollar amount, the debtor wins when inflation hits, when hyper inflation hits, the laws and contracts are changed….the banks don’t lose, ever. Something to think about.
I’m thinking the regime gave them the heads up that they will be popping the bubble soon.
Inflation coming
Oh BINGO - they don’t want to be repaid with worthless dollars …
—————
Study Argentina, Venezuela, and other socialist countries to see what happened. Think mortgages, really think…..guess what?… laws were passed to tie mortgages directly to the official “inflation index”...mortgages were argued as being legal contracts, specified to be paid in a certain dollar amount, the debtor wins when inflation hits, when hyper inflation hits, the laws and contracts are changed….the banks don’t lose, ever. Something to think about.
When the last horse died?
-PJ
Banks are dinosaurs. Crypto cards are the future. Have a VISA backed and I love it
Well,
That’s Your buddy
In the Wood Chipper?
Interesting,
Thanks.
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