Watch this. It's kind of old, but it's accurate. And see if you can spot the similarities between the way the World Bank deals with nations and the way credit card issuers deal with YOU.
I could have gone with the mortgage crisis, but it's...too raw.
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You can't win.
Nobody deserves credit. Everybody earns it. It is a ruthless discipline and most people are not smart or disciplined enough to handle it. You can't win, you can't break even, and you can't get out of the game.
I take it you're keying on
I take it you're keying on the word credit.
You know what? I haven't run an open thread for a while. Let me start one and you can say what you want to directly. How about that?
I didn't watch the video,
I didn't watch the video, don't have the hour. But my assumption is that it was related to predatory lending. My bad for assuming. I didn't mean to come off whack. My point is that credit in general is an easy money seduction. I think that the prevailing common sense idea is that everybody deserves (some kind of) credit. But I'm saying that is a merciless seduction, and using credit is just as dangerous as buying stocks. For the American consumer, it's a game of chicken.
For the American consumer,
Wick-wick-WHACK!!!