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Credit Cards : From Dogs to Stars in Just One Collapse March 11, 2009

Posted by aetiusromulous in news, politics, Video, YouTube.
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Credit Card Applications For Dead People Suddenly Good

Nasty, horrible credit cards are the fuel that makes consumption move. No credit cards, no consumption – simple as that.

And yet, while trillions are expended to force consumers to buy one more hand bag than they really need, the credit cards they need to do so are melting away. There is currently 5 trillion dollars worth of credit card “credit” available right now, but that will quickly shrink to about 3 trillion or less as credit card companies re justify their lending and pull in their lines. Permanently.

And that will continue to stymie retail spending, driving more bankruptcies, more job losses, and even less spending on crap than before. America needs a return to the good old days of Credit Card management, where you could always get a card for your dog, or an application for a dead man.

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