Credit-card industry may cut $2 trillion lines
Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.
Closing millions of accounts, cutting credit lines and raising interest rates are just some of the moves credit card issuers are using to try to inoculate themselves from a tsunami of expected consumer defaults.
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Bottom line: The powerful global elite are finished with the sovereign nation-state model of government and are replacing it with a one-world government. This means transitioning into the global system which is to be a 'regionally managed' community-based governance (see: Agenda 21) under police state-martial law oversight...aka one world government.
Reuters) - The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.
Closing millions of accounts, cutting credit lines and raising interest rates are just some of the moves credit card issuers are using to try to inoculate themselves from a tsunami of expected consumer defaults.
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Bottom line: The powerful global elite are finished with the sovereign nation-state model of government and are replacing it with a one-world government. This means transitioning into the global system which is to be a 'regionally managed' community-based governance (see: Agenda 21) under police state-martial law oversight...aka one world government.
Absolute financial control over the population will be necessary to accomplish the goal.
This post is an update on: America: They're Shutting It Down 8-5-08 (see comments)
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Isaiah 45:22 Look unto me, and be ye saved, all the ends of the earth: for I am God, and there is none else.
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