The Age Curve: How to Profit from the Coming Demographic Storm

The Insanity of Credit Card Spending

Credit card debt is evidence of terminal math deprivation. I recently paid off all our credit cards after I refinanced my house and was dumbstruck when I discovered that one lender was charging us 28 percent interest. Is there anyone in the world making that kind of return with the possible exception of a loan shark? The only thing that credit card companies don’t do is break your knees when your payment is late.

“Credit cards precipitate legalized criminal behavior. Consumers spend money they do not have and possibly can never pay back. The lenders charge rates that escalate with the consumer’s inability to pay.”

What exactly does 28 percent interest mean? In simple terms let’s say you borrow $1,000 from ...