Tag: credit

Credit Cards: The Business of Enslaving Poor People

by Nate | Dec 30, 2021 | Business, Economy | 0 |

This YouTube video by Jake Tran documents the history of credit cards, and how they exploded the personal debt of millions of ordinary Americans. They are offered by banks to let people borrow money for everyday purchases. Modern banks make their money by lending it and charging interest. If a customer ever falls behind in paying their balance, the bank then has an limitless supply of money coming back to it.

I'm Nate Houstman

I'm a blogger, podcaster, and web design and business consultant. Economic freedom is my mission, so I talk about money, entrepreneurship, and I expose the corruption in the financial system.

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