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478

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[–] 6 pts

The conspiracy theorist in me says this is the first public event of the total financial reset that's coming. Wells Fargo doesn't want to get caught with much outstanding loans on its books. I believe there are many more things like this headed our way.

[–] 3 pts

Loans become worthless when inflation picks up. Great for the borrower.

[–] 2 pts

Precisely. Any loans outstanding get paid back with cheaper money. This is why I believe banks want to get consumer loans off their books as quickly as possible.

[–] 1 pt

On the other hand, it's all out-of-thin-air joo money they loaned in the first place.

[+] [deleted] 2 pts
[–] [deleted] 2 pts

Makes sense. Lending is stupid when more inflation is coming.

[–] [deleted] 2 pts (edited )

Wells Fargo closed the branch in my town so now have to drive 60 miles rt to visit the bank. We are in process of closing out WF. They continually fuck up our accounts. Last time I went in I got harassed by a teller for being maskless. I cut her off and bitched her out. "Sick of the damned masks. Hey, are you my doctor? Never wearing one now and haven't. Just finish my transaction." So the bitch got wacked out and brought in her boss to "take care of you". Really? I lost my shit told them to forget it and left. They suck anyway for closing accounts of people who have opinions they don't like.

[–] 1 pt (edited )

Here's why;

The revolving credit lines, which typically let users borrow $3,000 to $100,000, were pitched as a way to consolidate higher-interest credit card debt, pay for home renovations or avoid overdraft fees on linked checking accounts.

Because smart financial minds (Whites) would use this to consolidate necessary debts they had, but weren't burdened significantly by (meaning they were capable of keeping up with them) and lowering their (((USURY))) loss. Thus Wells Fargo in it's own personal judaism was stealing money from the jew at large by allowing lesser amounts of total (((USURY))) to be stolen from the goy.

's post is correct but lacking in the how or why. The resultant what is that this will cause more debt to exist by way of higher (((USURY))). And guess who it's going to effect mostly? See the 5th word of previous text chunk.

[–] 1 pt

Where does this leave people with house/ vehicle loans? Account frozen, pay off or renegotiate somewhere else, or foreclose? Usually the two biggest loans people will make. Could we come to a point where people react poorly? Granted, no one can get to the top 8-10 people at WF to express themselves.

[–] 1 pt

The article is just talking about lines of credit. That's where someone just has the credit available to use (usually from a house or business), but doesn't take out the money until they need it.

Lines of credit never made a lot if sense to me. The rates are usually high and repayment periods short. Even credit cards usually have better terms.

[–] 0 pt

More usury gibs needed.

[–] 0 pt

They know all their customers will be dead from the vaccine...