Lending Tree Says: It's OK That Americans Are In More Debt Than Ever Before. Really? By Gregory Mannarino
NOTICE THE SOURCE HERE: LendingTree’s chief economist Tendayi Kapfidze says: its OK that American citizens are in more debt than ever before... Like I always say, "even if you tried you could NOT make this stuff up." Click here: https://www.cnbc.com/2018/11/29/american-debt-is-set-to-hit-4-trillion-and-this-expert-isnt-worried.html
You got to be joking. No wonder America is addicted to debt
What else would you say in the press, are mortgages are affected by rising interest rates and the lender getting discounted interest rate cash to lend out at rates at 5%
I am wondering if the fact that Mr Kapfidze got part of his education at Zimbabwe University has anything to do with his conclusion. May be he think this level of debt and inflation is nothing compared to Zimababwe.
Imagine trying to make this stuff up.
Back in the 1900s.
So, we will have this, entity, that is not a bank, has no reserves, and is not part of the govern-cement
and then, this entity will create debt based
moneycurrency.Then we will get the people to chase this currency.
They will think they are getting richer as they are actually getting poorer.
What a sci-fi/fantasy tale that would be.