How Students Can Avoid the Pitfalls of Credit Card Debt
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...But if you dont buy with credit the economy will collapse, because the banks have set up a system where money originates from credit. No credit no money and the economy collapses. The volume of money in the USA economy, the M1, M2 and M3 is the result of the banks loaning money they dont have. If you dont buy anything with credit someone else is going to, causing the price of things to go up. When there is more money money is worth less. So even if you dont buy with credit, you are paying
se7ensnakes 1 year ago