SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Wharf Rat who wrote (146493)10/26/2014 8:01:28 PM
From: pcstel  Read Replies (1) of 149317
 
Yeap!! Co-insides exactly with this.. Revolving Consumer Debt...

My apologies for using another one of those wacko right wing websites for my data points..

This one is from some some wacko sight called "Federal Reserve dot GOV"

federalreserve.gov

Consumer revolving debt (total) rose from

Jan 1981 $57.7 Billion to present 851 Billion closing back in on a peak of nearly 1 Trillion in late 2008.

If you add up other consumer debt, student loans, mortgages, car loans, etc. It's over 11 Trillion in debt.

For the lower end of the scale, consumers with no mortgage debt because they rent, they are probably paying at or near 19% interest. 851 Billion in debt Equates to 161 Billion Dollars paid each year to the 1%ers in interest payments... Thank you very much. The 1%'ers got all your money... simply because.. you write a check to them every month to repay them for items you purchased 2 years ago for $900 that you probably sold at a yard sale last month for $10.

Don't complain about the 1%ers. They loaned you money YOU WANTED when you just had to have that $700 Iphone in 2007, that is now worth $30. Stop complaining and just write the check.... You got yourself into this situation.. Now, you pay..

Perhaps the answer is to move yourself from the borrowing side the equation to the lending side of the equation.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News