I hate the over reliance on credit. Money is too easy to borrow.
Too many people have new cars on loans. Holidays on credit card and mortgages that are unaffordable.
There could be a lot of financial pain in the next 12 months and interest rates are almost zero and have been too low for a decade. They need to be about 5%.
Absolutely; cheap credit, money printing, currency devaluation, asset price inflation, growing wealth disparity, rampant consumption, waste..
It's the only way they can keep the plates spinning in their increasingly unsustainable ponzi scheme.. but sooner or later is has to end one way or another. The big questions of course being when and how this happens..