Funny that.
Neither Bankcard issuer lends money. Only BankCredit.
Only Credit.
Same with ALL the commercial banks.
They issue central-bank based bank-credit.
But you're right about the Credit Cards being a back-room adjunct to the other lending done - of course at the highest interest rates ..........because the people need the credit to eat.
Neither Bankcard issuer lends money. Only BankCredit.
Only Credit.
Same with ALL the commercial banks.
They issue central-bank based bank-credit.
But you're right about the Credit Cards being a back-room adjunct to the other lending done - of course at the highest interest rates ..........because the people need the credit to eat.
Funny that.
Neither Bankcard issuer lends money. Only BankCredit.
Only Credit.
Same with ALL the commercial banks.
They issue central-bank based bank-credit.
But you're right about the Credit Cards being a back-room adjunct to the other lending done - of course at the highest interest rates ..........because the people need the credit to eat.
The Money Apprentice