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Category Archives: Credit Cards
How Debt or Credit Becomes a Dangerous Tool in the Service of Desires
After the topic of “distinguishing needs from desires” in the last post, it looks but a result of natural progression to discuss about debt and its role in the “needs against desires” equation.
Posted in Credit Cards, Savings Discipline
Tagged "trading on equity", cursed plastic they call credit card, debt crises in the Euro zone and US, debt is a two-edged sword, distinguishing needs from desires, financial leverage, needs versus desire equation, temporary gaps in liquidity
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The Root Cause of Debt Default
With the issue of Euro zone debt taking center stage again – with Greece in real and immediate danger of default –it looks an opportune time once again to take a rather philosophical view about debt or its mirror twin called credit.
The Curse of the Passersby Chasers and the Bastardization of the Credit Card
Take this post as a rant or call it anything. It is difficult to talk about “modern day debt slavery” as we mentioned in the last post, without getting angry at the perpetrators.
In an even earlier post, we discussed about the “Curse of the Plastic – Why We Should Beware of Credit Cards.”
Well, it is the same “curse” that is worth discussing hundreds of times. We need an overkill on this very important issue.
Credit card debt is like an “Achilles heel”, an area where common folks like us, are most vulnerable. It is so pointless trying to save unless we solve our vulnerability to get victimized by this curse.
Posted in Credit Cards, Debt Crisis, Savings Discipline
Tagged " bouncing checks, "The Curse of the Plastic - Why We Should Beware of Credit Cards", 'Be Investment Literate or Go to Jail - Tales of Modern Day Debt Slavery, Achilles heel, ambulance chasers, elementary rules of credit, modern day debt slavery, passersby chasers, subprime fiasco, the bastardization of the credit card, the curse of the passersby chasers
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