Thing is, they also devalue your savings.
That's right.. They devalue any money you have put back for a rainy day...Or for retirement.
Turns out, if you have lived life at the edge of your credit limit, you were smart. Now you can pay back those "old" dollars with the "new" devalued dollars. The new dollars are worth, what, 12% less today?
As long as this is happening, why would anyone save. And why would anyone lend money either?
Seriously?
You now have less buying power in your retirement account, and less in your savings.
You are better buying anything you want, and prepping with anything you might need. Use credit. You can pay the credit off with cheaper dollars next year or whatever.
Is this just a ploy to level everyone into poverty?
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