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Title: Consumer Debt Growth Tumbles 50% Amid Sharp Slowdown In Credit Card Usage,
Source: [None]
URL Source: https://www.zerohedge.com/economics ... dit-card-usage-decline-student
Published: Feb 7, 2022
Author: Tyler Durden
Post Date: 2022-02-07 17:35:10 by Horse
Keywords: None
Views: 41

Also a Decline In Student Loans

After a record November for consumer credit growth, debt-fueled spending closed 2021 with a whimper...

Poster Comment:

The Rockefellers, Rothschilds and Warburgs decided in 1910 that we should have a credit based system meaning we can't have money unless we go into debt. Consumers refusing to take on debt is bad for GDP growth. If you deflate for inflation using Shadow Stats 15% number, then our real GDP per capita is shrinking. We will be hurting before summer due to higher prices. Dems will pass a new Stimulus to get re-elected- they hope.

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