RE: A Lot Of FOMO Traders Are Becoming Trench Meat 🍖 🥩🙈
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I get uncomfortable with a car loan at five years. I can't imagine seven. We had some friends that financed their trailer for like eleven years and I about fell out of my chair! That's just a sign to me you shouldn't be making the purchase.
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I've never had a car note for better or for worse but yeah the loans are likely going to keep getting stretched out. I fully expect companies like General Motors and Harley Davidson to have an Indian woman CEO and a pickup truck will be $295,000 with a 15 year note and if you go to fast or take your eyes off the road a ticket will be issued and the money will immediately be taken out of your bank account and Chase will then charge an additional fee for being a bad citizen.
I don't use banks anymore.
How do you access the VISA, AMEX, Mastercard, Discover networks? Just like a BitPay card?
I do everything through a credit union. So technically a bank, but not the big conglomerates that keep gobbling each other up.
Oh , i gotcha. I thought maybe you went fully FinTech style with this stuff like EtherFi or something
No, I do have an account through Ally, but I don't really use it.
I got EtherFi account but the physical card never showed up. I do have a Cashapp physical card but never used it.
I always think about how some day we will get debanked for getting caught speeding by a Flock Camera.
Those cameras have started quite the stir all over the place it seems. I've been seeing a lot on the news about them locally lately. Good thing I have my feet in both worlds with tradfi and crypto. I've used Bitpay in the past and it works well. I should have a Crypto.com card somewhere too.
I saw a lot of them in Michigan yesterday and kept having to point them out to my dad.
The Governor of Indiana commited $61 Million to Israeli tech companies to install more spy tech here. Acts of treason and there will likely be a tipping point where people aren't going to stand for it.