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Congratulations Debt Slaves! You Owe the Banks a New Record Amount of Money 

By: capt_nemo in POPE 5 | Recommend this post (1)
Tue, 09 Jul 19 7:51 AM | 60 view(s)
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Consumer credit hit another all-time high today of nearly $4.1 trillion.

Congratulations Debt Slaves!

Today's G19 Fed report on Consumer Credit shows that you owe the banks and other creditors yet another record high amount of money.

Consumer Credit

Total: $4.1 Trillion
Revolving: $1.1 Trillion
Non-Revolving: $3.0 Trillion
Well Done.

Mike "Mish" Shedlock

http://moneymaven.io/mishtalk/economics/congratulations-debt-slaves-you-owe-the-banks-a-new-record-amount-of-money-OGCUHT9blECZAq3DXdmzeQ/




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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