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RE: Holiday Spending Pushes US Credit Card Debt Over $1 Trillion

in #money7 years ago

Well, the reason why the Fed is unwilling to raise interest rate is because the stock market is booming and debt obligation are largely kicked off to the sidelines. Why care too much about the debt when there's no urgency to pay short term obligation? Our inflation based economy will effectively reduce all those real value of debt obligation to nothingness.

However, when consumption machine stops to work, that's when we'll see a real disaster. People will then realized the lies they have been fed with by the government. The only way to be prepared is to diversify into cryptos.

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