OUT OF MIND
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Boyajian's Star: The 'Alien Megastructure' Star is not Alone
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 3:39 pm by PurpleSkyz

» DC Blackout at White House & Washington Monument! Lights Go Out WITHOUT Explanation! NPS Probes!
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:53 pm by PurpleSkyz

» UFO News ~ UFOs OR HIGH-TECH GOVERMENT CRAFTS RECORDED IN THE SKIES OF COLOMBIA plus MORE
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:51 pm by PurpleSkyz

» ISS records 'blue jet' lightning from space
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:49 pm by PurpleSkyz

» 53 Gone in Gibraltar in 10 Days
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:47 pm by PurpleSkyz

» 7 Strange Scientific Mysteries
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:46 pm by PurpleSkyz

» No Freebies! Says Pfizer
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:44 pm by PurpleSkyz

» GOP Rep Supports $1400 Stimulus Checks — But...
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:42 pm by PurpleSkyz

» USA INC. BANKRUPT – NO MORE IRS? WHERE’S POTUS?
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:41 pm by PurpleSkyz

» What Happened to ‘the Storm’?
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:39 pm by PurpleSkyz

» ‘Risk Pool’ to be Created to Compensate Nations Hurt by Bill Gates Venture to Dim the Sun to Cool Earth
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:38 pm by PurpleSkyz

» Dominion Voting Systems sues Rudy Giuliani over false election claims, seeks $1.3 billion
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:36 pm by PurpleSkyz

» A Whole Lotta Assholes Just Snapped Shut
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:33 pm by PurpleSkyz

» Eagle Scout Sues Merck
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:32 pm by PurpleSkyz

» Benjamin bla bla blah Fulford... 01/25/2021 - Hollywood FX Can’t Save Bankrupt USA Inc.
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 2:31 pm by PurpleSkyz

» Lin Wood secretly joins zoom call and records it. This is priceless.
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 1:48 pm by ANENRO

» “I just witnessed everyone in the WH get arrested”
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 1:48 pm by Consciousness Of Economic

» Biden-Linked Jesuits Wrecked Arecibo SETI To Avenge Their LUCIFER Fiasco
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 1:05 pm by Consciousness Of Economic

» GERMAN CITY INSTALLS THERMALLY INSULATED SLEEPING PODS FOR THE HOMELESS
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:59 pm by Consciousness Of Economic

» BIDEN+DECLASS++@CombatLVL (1).pdf
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:58 pm by Consciousness Of Economic

» The Untold Story of A Progenitor Race… The Seeds of Re -Civilization
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:55 pm by Consciousness Of Economic

» Microsoft Granted Patent to Reanimate Dead People as 3D ‘Chatbots’
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:54 pm by Consciousness Of Economic

» 2021 – 6UILD 6ACK 6ETTER THE GREAT RESET V GREAT AWAKENING
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:52 pm by Consciousness Of Economic

» The Great Comeback Message Decoded..The Punisher? Sinking Ships? Coded Message From Melania & TRUMP!
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:50 pm by Consciousness Of Economic

» CREEPY Videos You WON'T Believe Were Actually Caught On Tape
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:49 pm by Consciousness Of Economic

» WHITEHOUSE BUSTED PLEA DEAL FOR HUNTER
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:47 pm by Consciousness Of Economic

» Confessions of a Time Traveler: The Man From 3036
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:46 pm by Consciousness Of Economic

» Dybbuk Box: The Story of Chris Chambers
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyToday at 12:44 pm by Consciousness Of Economic

» Inauguration Anomalies
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyYesterday at 7:35 pm by bs4ever

» What do I do if I suspect that a charity (or a 501c3 like David Shilcock's) is a fraud?
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyYesterday at 4:56 pm by PurpleSkyz

» The Boys are Back in Town! - AMERICA 2021
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyYesterday at 4:37 pm by PurpleSkyz

» Reconsidering YOUR Controlled Beliefs about YOUR Reality
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyYesterday at 2:44 pm by Consciousness Of Economic

» British Legislator Calls for Widespread Vitamin D Rollout
Credit cards and bank accounts will be wiped out in coming economic collapse EmptyYesterday at 2:09 pm by PurpleSkyz





***********

CLICK THE SUBSCRIBE BUTTON BELOW TO RECEIVE OUR DAILY NEWSLETTER

A 2ND EMAIL COMPLETES THE ACTIVATION PROCESS




CLICK THE PURPLE BUTTON TO VIEW OUR LATEST POSTS







You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Credit cards and bank accounts will be wiped out in coming economic collapse

Credit cards and bank accounts will be wiped out in coming economic collapse

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin
Credit cards and bank accounts will be wiped out in coming economic collapse Credit-Card-Being-Swiped
Credit cards and bank accounts will be wiped out in coming economic collapse





Credit card debt is on the rise in America. Approximately one in five Americans rely on credit cards in order to make ends meet. Yet credit cards are intended to be used for convenience rather than a supplement for income. As a result, the national credit card debt is roughly $900 billion. To put that in perspective, the amount of credit card debt, per capita, increased by nearly 1,800 percent between 1980 and 2010.
One reason credit card debt is so high is that people are prone to spend more money with a credit card than with cash. This is because cash requires consumers to use money they’ve already earned, whereas a credit card allows consumers to borrow money they’ve yet to earn.

In some circumstances, consumers using a credit card will spend twice as much money on the same product than if they were to use cash. For example, according to a Boston-based study, researchers found that consumers paying with cash thought $30 was fair price for a Celtics ticket, whereas consumers paying with a credit card thought $60 was fair price for a Celtics ticket—twice the original amount.
Fall of the U.S. dollar
Another reason credit card debt has risen in America is inflation. Unlike eurozone nations, the United States has its own currency, so it just prints off more money to make payments on its debts. While household income has risen 300 percent since 1980, the amount of credit card debt has risen an astounding 1,760 percent.
Reserve currency refers to currency used by many governments and institutions to conduct transactions in the global market. The United States dollar is the most common currency used for international transactions, so it is the world reserve currency. No nation, however, can hold the world reserve currency forever, and the United States is no exception.
Receive breaking news, alerts and warnings from Collapse News!

A history of world currency shows that nations hold the world reserve currency for an average of 94 years. Spain, for example, held the world reserve currency for 110 years, France 95 years, Britain 105, and the United Stated for 95 years. In short, it’s overdue that the United States dollar loses its reserve currency status.
Credit cards and bank accounts wiped cleaned in recession
One of the only reasons the United States is not yet in a debt crisis like Greece is that it is still the world reserve currency. Nevertheless, as the history of world reserve currencies has shown, the United States dollar won’t maintain its reserve currency status for very much longer. Many financial experts warn that another recession is just around the corner.
In the event of another recession in which the dollar loses its reserve currency status, the accumulation of the United States’ credit card debt will come crashing down. In the absence of a bail-out, big banks will save themselves by using the money of their creditors. And who makes up the majority creditors? The depositors, that’s who. In other words, credit cards and bank accounts will be wiped clean. People will no longer have immediate access to their money or bank accounts, or be able to use their credit cards.
Without the aid of the government or credit card companies, the financial loss will fall on the shoulders of the depositor. The moral of the story? Don’t write a check that your bank can’t cash.
Sources include:
http://allnewspipeline.com
http://usawatchdog.com
http://allnewspipeline.com
https://www.mainstreet.com
http://www.theatlantic.com
http://www.mybudget360.com


Thanks to: http://collapse.news/



  

bs4ever

bs4ever
"A history of world currency shows that nations hold the world reserve currency for an average of 94 years. Spain, for example, held the world reserve currency for 110 years, France 95 years, Britain 105, and the United Stated for 95 years. In short, it’s overdue that the United States dollar loses its reserve currency status."

1944 was 105 years ago?



"आप सिर्फ यह है आप नहीं था क्या मतलब है यह देखने के लिए किया था"

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum