I read an article on zerohedge.com titled " 37 Million Credit Cards Were 90 Days Past Due In 4Q18" the article gave some heartbreaking facts:
There are 480 million credit cards in US or 1.47 credit cards per citizen, and up more than 100 million since the 2008 financial crisis.
Americans in their 70's have one in nine dollars or credit card debt.
Total American household Debt is 13.4 Trillion.
The average American has become an indenture servant to the Banking Cabal.
Since 2008 the Central Banks intervention policies of Zirp, Nirp, QE and Asset purchases has caused massive income inequality. The 1% Wealthy Citizens have seen their wealth increase dramatically. Because the Banking System is design to benefit the people closest to the printing presses.
The Financial Media outlets are clueless.
Common Media Questions:
- With all the Central Banks stimulus, Why is there little Wage Growth?
- Why is the Global Economic Growth slowing ?
- Why is the Retail Stores Closing ?
- Why is American consumer spending increasing but still the economy is entering a recession?
- Why can't the Central Banks raise interest rates & stop QE?
Answer: The Central Banking System is a Debt Base system that enslaves Sovereign Nations & it's Citizens with Debt. Then they collapse the system to centralize more power and money to the Global Elite.