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Secret History of the Credit Card


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http://quicksilverscreen.com/watch?video=34458

You can watch a very interesting documentary about credit cards. It's a "Frontline" documentary. 54 minutes long.

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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This does suggest that we need more common-sense borrowing laws again. For example, the rate on an outstanding loan should not be able to be changed unilaterially by the credit card company.

The best way to deal with credit card companies in general is not to -- debit cards can be used instead where it is not convenient to use cash. Otherwise, "if you can't pay now for it, you can't afford it".

Bruce

2023 Cadillac CT4-V Blackwing

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