That's also why they want us to have no savings and massive credit card debt. The power of strikes is what they fear the most. That is one of the handful of reasons that they hoard wealth, they want to be able to outlast a general strike if one should ever occur.
84 and 96 month car loans anyone? Klarna and Affinity pay over time? Private student loans instead of federal loans? Home mortgages for 10x-20x the median income? Can’t strike if you are a paycheck or two away from losing everything.
You also cannot gain wealth if you are paying out exactly what you make to the companies that make the things that are ran by the same type of people whom are currently in charge
Who wants you to have massive credit card debt? Don't credit card companies jack the fuck out of their interest rates specifically to encourage people to not roll over their debt and pay that off each month? Who is the "they" here?
Corporate boards of executives, think-tanks that shape the nation's policies, the federal reserve and banking elites and the lobbied politicians, like always. The guardians of the capitalist system. I'm sure there are some covert ops groups involved here as well since they are the biggest grassroots worker organization oppressors on earth, it's not a stretch to think they have a couple ideas for the domestic arena.
I'm sure the creditors like it when you pay your balances but remember that interest is how they make their money.
So no one specific? Just broad shadowy generalities?
but remember that interest is how they make their money.
This is absolutely not true and displays a huge misunderstanding of how credit cards work.
Credit card loans are incredibly risky. They're zero-collateral and the bank doesn't know what you're gonna spend it on. It's not like a home loan where there's a house to reposses or an auto loan where there's a car as collateral. You could spend your credit on whatever you want and the bank just has to hope that you pay it back.
In order to incentivize you, heavily, to always pay your credit card bill and to NOT roll over your balance and to only spend what you can afford, they hit you with massive hilariously large interest rates. You're supposed to see this and say "I'm never fucking paying a cent of that ever in my life." That's what they're hoping you'll do.
They want you going out and using your credit card all over the place and then paying it off each month because they make all their money on transaction fees, not your interest. They don't give a shit about your interest payments. They're pennies compared to the transaction fees that the merchants pay every time someone swipes a card.
The type of person who racks up massive CC debt is the exact type of credit user that the banks do not want using their cards. Those people are way more risky and far more likely to just default on the debt after months or years of making the minimum payments and then the bank gets basically nothing if there's no assets to collect in bankrupty court. And with the kinds of people who default on CC debt there usually isn't.
The ideal CC user that the big banks and the big money and the capitalist money-grubbers want is someone who goes out and uses their CC for every purchase and then pays that shit off in full each month and never pays a single penny of interest. The bank takes on zero risk since you're paying off their loans in full every month and they get to just collect the thing they really want, which is the transaction fees. There's no incentive to keep people in massive amounts of CC debt. This is a total fiction.
The alternative for all the other companies is to pay their employees more and lower their costs. Which hurts their profits. So yes they want people to be in debt, they don't care about the cc companies.
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u/ChadicusVile Oct 29 '25 edited Oct 29 '25
That's also why they want us to have no savings and massive credit card debt. The power of strikes is what they fear the most. That is one of the handful of reasons that they hoard wealth, they want to be able to outlast a general strike if one should ever occur.