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Samson Soturian
How Money Works
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Comments by "Samson Soturian" (@samsonsoturian6013) on "" video.
This started in Sweden and is all over the developed world except Russia where there's little consumer lending to begin with
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Except that was you lending to corporate and not corporate lending to you
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@Weltbummler23 that is called a pyramid scheme
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@80s_cec_lover get a job, hippy
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I made an account with several to abuse the 0% interest promos. No intention of borrowing at any rate offered, and I suspect most people are doing the same.
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Borrow what you need, not what you want is what I say
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It's almost as if you have to lend to honest people to make money.
1
@dulouser1751 not exactly. The cards only charge interest if you have a balance over 30 days and they also collect fees from stores and get paid to promote certain stores with cashback discounts. It only works with centralization, automation, and enormous cash reserves which makes you wonder how these startups intend to make money
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With interest over 20% you must face the fact the only reason any borrower would agree to those terms is if they did not intend to pay you back.
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