We ARE all in trouble

[Fishhead]

Credit is drying up for the majority of Americans.


Yes, we are screwed.

[3PtShooter]

pay cash

[Deuce]

pay cash

Only things you need credit for are homes and cars. Nothing else should be purchased using credit. MAYBE medical expenses.

[Richkas]

Credit is what has phucked this economy up to begin with.

[Fishhead]

CREDIT is what has made this country the greatest economy in the world.

Without it, we are screwed!!

[Crash]

u need credit for more than just cars and houses

shit cell phone companies run ur creitd

[dmtrader]

Credit is drying up for the majority of Americans.

This is news? Been true for at least a year now.

The economy does need credit to expand, create jobs, etc. Going to be rough sailing for awhile.

[SpectacularBid]

There will be no credit cards soon..max all your cards out and stiff the fuk out of them

[Fishhead]

There will be no credit cards soon..max all your cards out and stiff the fuk out of them

I think many are doing just that.

[smitch124]

Any economy that needs mass consumption to survive is bound to fail sometime anyway...

[Fishhead]

Any economy that needs mass consumption to survive is bound to fail sometime anyway...

true

[bennjackson123]

you can buy a lot of things using credit cards.. it would be really hard if it would disappear :|

[DOMINATER]

fish 45 years ago when plastic was new i had teachers predicting this shit. In order for capitalism to work you need alot of money thus the invention of the credit card

[Brock Landers]

what are you gunna do, protest? its out of our hands/control

[podunk]

There will be no credit cards soon..max all your cards out and stiff the fuk out of them

great idea

[Deuce]

u need credit for more than just cars and houses shit cell phone companies run ur creitd

Your credit is checked yes, you don't need a CC to purchase or pay the bill.

[bradthebloke]

trashed all my cards years ago

[MartinBlank]

Fish---stick to dumpsters. Your knowledge of economic theory is lacking.

Consumer credit is not what made this the world's greatest economy.

There isn't an economist in the world that would agree with you.

Consumer saving is the highest it has been in 60 years, and you are confusing consumer credit with consumer spending.

71% of the US economy is the result of everyday spending----Consumers stacking away cash will hurt frivilous spending but it will add stability to a volatile market.

Consumers obtaining credit, and then defaulting on unsecured debt will have much more of a negative impact on the us economy than joe smith being able to get a discover card with a 400 limit.

[jjgold]

Fishhead their is plenty of street credit out there if your willing to take the risk and know the penalties if you do not pay back. Fishhead call me tonight and I can give you 3 names.

[Fishhead]

Fishhead their is plenty of street credit out there if your willing to take the risk and know the penalties if you do not pay back. Fishhead call me tonight and I can give you 3 names.

[Boner_18]

Any economy that needs mass consumption to survive is bound to fail sometime anyway...

I agree. This is why Keynes (and thus a majority of 20th century monetary policy) was wrong. Stick to Hayek(ian?) economics and you will be fine.