High interest rates are a good thing

They don't want to keep people there. They want to bankrupt the country (any country), because they are too big to fail and the inevitable bailout will leave the (((banks))) with all the collateral and a clean slate, putting simultaneously the entire country in debt and biting a big chunk of the real estate, which gives them real power, as controlling the real estate and the people's debt allows them to dictate anything, from foreign relations to amount of sugar allowed in chewing gum.

Even if that is true, it should be gradually implemented.

Sure, but not at a slow pace. Over a 3-year period or such it should be resolved.

Why? Because it would be too hard on the banks? They might lose money? Oh no. Maybe it will force them to start extending credit in a more fiscally responsible manner.

Only retards get into credit card debt

Credit cards were ran on a loss in the 1980s due to the interest rate caps. Until the banks found a place where they didn't exist and they all moved there to continue jewing people.

No, because people who use credit for business have a business plan, which will suffer if the difference is too great too quickly.

>Let’s abolish all usury laws and enslave every single person to GloboAmeriMega Bank.
Proverbs 22:7 says you correct about the plan.

Limiting interest rates means limiting credit. Same shit as minimum wage. Means you kill any job not worth minimum.

>Credit cards were ran on a loss in the 1980s due to the interest rate caps.
I wonder why... Could it be (((banks))) just want people to have ongoing debt, which at some point will turn into a bubble which bursts?

didn't tucker carlson come from the cato institute and his parents are billionaires? hmm i wonder who's side he's really on

This is where he is as naive and stupid as she is. You don't try to stop Jews from Jewing. And he's a Jew himself to boot! Keep pushing this, Bernie, and Gropy Joe will definitely be getting the nomination.

Interest shouldn't exist at all.
AOC and Sanders are a fucking joke.

>High interest rates are a good thing
Who ever could argue with that?

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Only a debt slave is a good goy. I say increase those interest rates to 50%. Then pay 50% income tax.

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>Then pay 50% income tax.
Why not 100%?

Maybe they shouldn’t lend as a for-profit service, or lend at all for that matter. Letting people run around with $5k+ credit lines on a piece of plastic by the time you’re 18 is retarded but deliberate

I know you fucks have never read an economics book but high interests rates can be good.

Imagine being the person that made this post.
Imagine being such a seething normie subhuman tranny faggot that you got reduced to a gibbering, incoherent pile of garbage when Donal Trump won the election, and still have not recovered.
Imagine having to come to this board every day and wave your literal axe wound in people's faced.
And I do mean "having" to come here. You know how you just click on your web browser to come here because you're bored? Imagine being contractually bound to do so whether you want to or not.

nah, you still have to keep a glimmer of hope alive in them thinking they will someday be debt free and come out on top. Otherwise they will rebel against the system.

>$5k+ credit lines on a piece of plastic
kek get with God and get unlimited credit.

Imagine being so much of a brainlet that you carry a balance on a credit card and actually incur interest

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Got it. 99% it is.

I don't normally say this about Balkan stock, but you would be allowed in the ethnostate.

No

The average American household carries $137,063 in debt.

Only in America is this even possible.

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What's the rate?

>but you would be allowed in the ethnostate.
I'm afraid Canada is the last country to decide anything about an ethnostate. I don't think you would get a vote there, and will definitely need a visa.

LMAO if interest didn't exist, why the hell would anyone ever want to lend any money ever?
You're a retard.
Usury should be illegal though.

It’s as if you can choose to not get a high interest credit card...

The cc rate is a diversion to keep you from thinking about how they want to make the post office a bank. Its a huge order to do that and just about impossible to do in a manner that wont gush money. Get ready to subsidize the poor by giving the "loans" theyll never pay back.

You have to be literally retarded to be charged interest in a credit card. I think I paid interest once. It was like $25 and it was due to autopay failing to complete so I got it refunded. I look at a credit card as a convenience, not an ATM. I pay off my statement balance every month.

As a semi-donation. You would give money to a guy who wants to start a business, which will deliver something to your business. Then he pays you back with no interest and you have a better logistics chain.

You know such a thing as a debit card exists, right?

>Only in America is this even possible.
People in other counties don't have mortgages?

That sounds retarded

>Then he pays you back with no interest
This is ridiculous and you'd have a loss equal to inflation.
Didn't they teach you anything at school?

I have no interest in a Balkan ethnostate, I am of Celtic and Nordic stock. Even if I were a Greek I would avoid living among Slavs and their ilk. The Celts have only recently evolved past drunkenness, Slavs would put us back a dozen generations

>no caskback / points / airmiles
>no additional security of having the backing of the credit card company if shit hits the fan
If you actually use a debit card on a regular basis you are an idiot

In most cases it is. Especially since usury is allowed. But sometimes people do get 0% interest rate credit, because their business would improve the market in some way.

Are you stupid? If your debit card is stolen and used, that money comes out right away. Debit offers very little protection and, at least at my bank, offers no cash back even though I would be paying the SAME price at checkout. Plus, you build credit using a credit card, again at no extra cost.

Can't buy a house on debit retard..

Yes, you'd have a loss due to inflation, but then due to the new business existing you would have more profits.

Based Bulgaria understands Business

>Chase Soul
>Sign it away with 66.69% APR and unlimited revolving credit!
>Any payments over 2% of your balance will face a Attempted Escape Fee of 98% of your present balance

You're not accounting the risk of the new business failing.
Again, didn't they teach you anything in school?

>people do get 0% interest rate credit,
The only reasons this might happen is
introductory rate
family
government subsidized
nobody is going going to give you an interest free loan because they think your business will benefit them

That number includes house debt which is totally different than a credit card debt

Here banks often permit so many transactions per month based on your account plan. So even if you were to use a Visa debit for instance, that would mean perhaps dozens of transactions or even an overdrawn account if you're having a bad month, at your expense. Credit cards offer some upsides even if you don't carry a balance. Not to mention, here you need a credit score to receive any kind of car loans or a mortgage.

Visit the Celtic or Nordic country of your choice and enjoy then.
We don't have niggers here. I don't worry about my card being stolen. More than 90% of Bulgarians own houses. Mortgages aren't a big deal, also you go to the bank on one, you don't swipe your credit card, what are you, retarded?
Yes you do. It's a risk you take. You don't just offer it to anyone, this is the VIP deal.

Microsoft bought apple shares at a loss to avoid antitrust laws. It literally happens all the time in different ways.

Ppl that lend money also might lend with fees and what not for the service. But not interest. Just a fee and then get paid back. Or maybe the creditor lends for a fee and portion of profits of business for a designated period of time. Or maybe you have to give your first born daughter to the creditor for playful secrets. Or maybe you set it up to account for time and inflation and the debitor does pay back a slightly higher amount of money simply due to inflation. It really doesn't seem that hard to think of a system that still works without usury, and I am a fucking mutt burger faggot tranny.

>also you go to the bank on one, you don't swipe your credit card, what are you, retarded?
Bulgarianbro doesn't know about our Jew scores

>More than 90% of Bulgarians own houses.
Suppose that is fair, you will have difficulty putting a transaction through of 50 shiny beads and a cow on your amex

Pls don't tell me anyone has ever gotten a mortgage on a fucking credit card...

Do they even fucking have schools in your shithole country? Some business fail, some businesses succeed, you can't explain that.

CC effectively allows deferment in exchange for goods, nice to have if you need something now and not waiting a week or two for your paycheck. Can’t tell you the amount of times I’ve actually lost money from these scenarios, especially on flights, which shot up literally the day before

This.

You honestly dont see how stupid that sounds?

Loaning money, for 0 interest, to a new business, on hopes that you will get paid back periodically over some time while engaging in business with the person that might turn some profit for you. There is zero risk mitigation. It actually increases your own risk. Fuck thats stupid

Got a link or anything? I’m genuinely curious now.

>subverts your nation's foreign policy
>accumulates $22 trillion national debt to pay for proxy wars designed to help Israel become more secure
"Oy vey! "Usury" is an antisemitic dog whistle! You goyim must pay back everything you owe, with interest, because that's how bank loans work."

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>american education

If you don't build something called a credit score by using your (((credit))) wisely, paying on time, etc., you won't get a mortgage. You need a high score to get anywhere financially here.

Just like minimum wage, you price shitty people out of the market

I think you only need to prove stable income here for big loans. Or if it's a business you need a good business plan. As well as proof you haven't been in jail and such.

True, only niggers carry high balances or get into major long term debt. The White man uses CCs for convenience.

imagine still being a trump supporter

Based Bulgaria was talking about Big Business not local small town shops.

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>dont get a mortgage
>rent from the steins, bergs, and wittzs
>no equity

At least my hh debt is low

haha not far the truth, but if you have nothing to start and aren't going anywhere, why not?

Here they run a hard credit inquiry, which is literally a three digit score. It's very jewish

>brought to you buy MasterCard

>not using a monetary system where your money degrades over time

plebconomics

>p-pls vote for Biden guis, h-he's not a pedo I swear!
I hate dems more than I hate liberals

If the interest rate on a loan needs to be inordinately high to make it worth the lenders time and risk, it shouldn't be made at all. No transaction is better than a destructive transaction

And my guess is most "youths" have a really bad one due to student debt for their Feminine Studies degree and cappuccinos bought with a credit card? So then they get a job at starbucks and every month they work on debt to grind their score back to anything manageable? If that's the case that's pretty jewed...

>brought to you buy MasterCard

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Bluepill me on this.

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This

Over 50 percent of Americans pay their bills every month and use the card simply for convenience and perks. You are not alone

Caping interest rates will just help large bussinesses that want loans to become a mega corporation through expansion

Here’s the funny part: carrying debt and lines of credit for long periods earns you more good goy points. So Timmy’s student debt that he barely pays for the next 40 years like a mortgage isn’t harming him at all

Read the history of central banks and the enslavement of mankind.

It just gets better and better. Keep talking. I thought I knew how jewed you guys were, but I'm getting more and more impressed with every reply.

High interest is given to untrustworthy people. The alternative is never giving them credit, and never allowing them to recover from their situation, as they can't get any money.

KILL THE BANK

Absolutely, for many it prevents them from getting a house or a car, etc. I know people who've earned such worthless degrees and work to barely scrape by each month, and can't get a car loan without going to some loan shark car dealer because their score isn't high enough. Even for a new mobile phone, they have a credit system and run a credit check, and for every one of those inquiries, your score is lowered even more. I'd laugh if it weren't such a blatantly jewish scheme.

But, timmy must not spend more than 20-30% of his credit limit or it will knock a hundred points off his rating