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Forum » Credit Card Debt In Biden's America - Sign Of Trouble Ahead? - PIC
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Thread: Credit Card Debt In Biden's America - Sign Of Trouble Ahead? - PIC

post 1700965403 05-11-2024, 07:34 AM
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  1. GordonXXX
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Credit Card Debt In Biden's America - Sign Of Trouble Ahead? - PIC

post 1700965493 05-11-2024, 07:36 AM
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#2
  1. OliverHeldens
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Originally Posted By GordonXXX⏩
This actually corresponds with the increase in money supply since COVID, so it's not currently a reason to be alarmed. But if unemployment starts ticking up, the entire house of cards starts coming down.
post 1700965593 05-11-2024, 07:40 AM
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#3
  1. Condo41
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Originally Posted By OliverHeldens⏩
This actually corresponds with the increase in money supply since COVID, so it's not currently a reason to be alarmed. But if unemployment starts ticking up, the entire house of cards starts coming down.
Unemployment is a dogsh*t figure.
post 1700965673 05-11-2024, 07:44 AM
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#4
  1. GordonXXX
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Nobody works anymore but they're still spending like drunken sailors using credit cards and the promises of free Biden money. It's not sustainable. Go to any mall during the week and look around.
post 1700965733 05-11-2024, 07:46 AM
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#5
  1. V0M1T
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lettece be real tea this is not us normies with that 2-5k card

this is the elite and their 50-100k+ cards
post 1700965883 05-11-2024, 07:51 AM
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#6
  1. BigTimeOperator
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what if 100 Million poeple declare chapter 7?
post 1700965943 05-11-2024, 07:53 AM
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#7
  1. leoaa777
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Nope everything is fine, nothing to see here…nope nope move along sir
☆ Member of the Brave 767 crew ☆ Never forget.
-Florida Gators-
post 1700967763 05-11-2024, 08:53 AM
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#8
  1. LuigiMiami631
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Yup, coupled with underwater car loans and mortgages. People going to be roping or on meds.

Tears and blood will be shed.
post 1700967863 05-11-2024, 08:56 AM
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#9
  1. TryingMen
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Originally Posted By GordonXXX⏩
Nobody works anymore but they're still spending like drunken sailors using credit cards and the promises of free Biden money. It's not sustainable. Go to any mall during the week and look around.
grandpa here upset WFH has become a thing and his retirement getting ruined with people having better work/life balance.

You missed out gramps. Hope you had fun slaving away in an office for 40 years always present in your cubicle from 9 to 5
post 1700967883 05-11-2024, 08:56 AM
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  1. nutsy54
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Originally Posted By OliverHeldens⏩
This actually corresponds with the increase in money supply since COVID, so it's not currently a reason to be alarmed. But if unemployment starts ticking up, the entire house of cards starts coming down.
"Starts ticking up"? Unemployment has been steadily increasing for 16 months.
post 1700967993 05-11-2024, 08:59 AM
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#11
  1. BigTimeOperator
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'Bust Out Fraud' is where people act like good, repsonible consumers at first to build up their credit lines, then max them all out then just quit paying and bankrupt everything.

I imagine there will be a lot of that in coming months.
post 1700968043 05-11-2024, 09:01 AM
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#12
  1. OliverHeldens
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Originally Posted By GordonXXX⏩
Nobody works anymore but they're still spending like drunken sailors using credit cards and the promises of free Biden money. It's not sustainable. Go to any mall during the week and look around.
Employment is way different than it used to be. Think of how many people operate in the gig economy.
post 1700968373 05-11-2024, 09:11 AM
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#13
  1. OliverHeldens
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Originally Posted By nutsy54⏩
"Starts ticking up"? Unemployment has been steadily increasing for 16 months.
It’s still 3.9% with a lot of people working under the table. That’s not enough to tank the economy
post 1700968433 05-11-2024, 09:13 AM
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#14
  1. OffwhiteBrah
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Now lets see the same chart for 10%+ car loans


post 1700968513 05-11-2024, 09:15 AM
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#15
  1. ralphlaurenbrah
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Love ridiculously misleading graphs like this that don’t start at 0…
post 1700968563 05-11-2024, 09:17 AM
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#16
  1. GordonXXX
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Originally Posted By OliverHeldens⏩
Employment is way different than it used to be. Think of how many people operate in the gig economy.
Bunch of f**king slackers out there pretending to work and doing nothing. Accomplishing nothing. Producing nothing.

Millennials, Zoomers, and Boomers. Worst 3 Generations ever.
post 1700968773 05-11-2024, 09:24 AM
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#17
  1. WishIWasJawBrah
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Originally Posted By GordonXXX⏩
Bunch of f**king slackers out there pretending to work and doing nothing. Accomplishing nothing. Producing nothing.

Millennials, Zoomers, and Boomers. Worst 3 Generations ever.
You never worked either

You inherited and invested

What have you produced?
post 1700969023 05-11-2024, 09:34 AM
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#18
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Remember that one time you stubbed your toe on some furniture in your home? DAMN YOU BIDEN!!! It wouldn’t have happened if OJ had his second term!! LeTs go bRanDoN!!!
Don't push me 'cause I'm close to the edge
I'm trying not to lose my head
It's like a jungle sometimes
It makes me wonder how I keep from goin' under…~ (Melvin Glover, better known by his stage name Melle Mel and Grandmaster Melle Mel, is an American hip hop recording artist who was the lead vocalist and songwriter of Grandmaster Flash and the Furious Five.)

Early AM workout crew.
post 1700969323 05-11-2024, 09:45 AM
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#19
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Originally Posted By monster0ultra⏩
I moved into a new construction house a while back and the construction quality was very poor.

I would scream "FUK TRADIES" whenever I encountered the latest bullchit in the house.

An outdoor story is they didn't rope off unfinished sidewalk and I was walking at night once and walked into a puddle of muddy water that I thought was another patch of sidewalk.
Biden strikes again!
Don't push me 'cause I'm close to the edge
I'm trying not to lose my head
It's like a jungle sometimes
It makes me wonder how I keep from goin' under…~ (Melvin Glover, better known by his stage name Melle Mel and Grandmaster Melle Mel, is an American hip hop recording artist who was the lead vocalist and songwriter of Grandmaster Flash and the Furious Five.)

Early AM workout crew.
post 1700969633 05-11-2024, 09:58 AM
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#20
  1. crupiea
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Its like being in the great depression but everyone is in denial about it and acting like everything is normal.

Makes you wonder if they did something similar back then.

People whining about the price of restaurants while sitting in the restaurant. Its like they cant put two and two together, When stuff gets expensive, change your buying habits.
"To be a warrior is not a simple matter of wishing to be one. It is rather an endless struggle that will go on to the very last moment of our lives. Nobody is born a warrior, in exactly the same way that nobody is born an average man. We make ourselves into one or the other."-- Carlos Castaneda
post 1700973273 05-11-2024, 11:43 AM
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#21
  1. nutsy54
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Originally Posted By ralphlaurenbrah⏩
Love ridiculously misleading graphs like this that don’t start at 0…
You'd have to go back to the first credit card to find a chart that starts at 0...


https://fred.stlouisfed.org/series/RCCCBBALTOT




https://fred.stlouisfed.org/series/QBPBSTASLNINDVCRD
post 1700973383 05-11-2024, 11:47 AM
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#22
  1. BullittEV
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Originally Posted By crupiea⏩
Its like being in the great depression but everyone is in denial about it and acting like everything is normal.

Makes you wonder if they did something similar back then.

People whining about the price of restaurants while sitting in the restaurant. Its like they cant put two and two together, When stuff gets expensive, change your buying habits.
And in turn driving down prices as a free market should.

People dont get it.
USMC 0311
*Ice Hockey/Lacrosse Crew*
*fukkin zeezbrah when pickin up chicks but do one thing to fuk it up/cant sustain after that night crew*
*C7 GS Vette Crew*
post 1700973963 05-11-2024, 12:07 PM
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#23
  1. GordonXXX
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too much free money and easy credit chasing too few goods = hyperinflation. unsustainable.
post 1700974023 05-11-2024, 12:10 PM
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#24
  1. rectifryer
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Originally Posted By crupiea⏩
Its like being in the great depression but everyone is in denial about it and acting like everything is normal.

Makes you wonder if they did something similar back then.

People whining about the price of restaurants while sitting in the restaurant. It's like they cant put two and two together, When stuff gets expensive, change your buying habits.
search google for economic warning signs from 2005 to 2008...its hilariously the same language.
Boycott foodservice industry crew
post 1700974033 05-11-2024, 12:11 PM
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#25
  1. singlemom69
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lets start a misc credit card company boyos, 10% APR and free reps for life


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