reply to post by redhatty
And your local gas station, how about them? Do you think they pay cash when the truck comes to fill the storage tanks?
I don't know about where you live but here where i live. No the gas station do not pay for the gas they recieve all the gas stations here the pumps
and storage tanks are owned by the distributor. they actually pay the store owner rent to place the pumps and tanks on their lot. I'm willing to bet
that if you talked to the store owners where you live they will tell you the same. that is unless they are small mom and pop gas stations.
reply to post by SuperSecretSquirrel
I wish they would wipe out everyones debt, give everyone a fresh start. and eliminate credit.
But realistically that will never happen.
1st If you forgive everyones debt, your going to put a very large industry out of business. Debt collectors.
2nd Without credit grocery stores will not beable to stock their shelves.
3rd without credit business will not be able to ship there products to the stores.
4th without credit business would not beable to make payroll.
5th without credit business would not beable to pay their bills.
and the list goes on.
whether we like it or not credit will always be around in one form or another. But there are some things we can do to limit the risk of extending
1st. credit cards, payday and car title loans need to be illegal(they are rip offs to begin with)
2nd banks should be stricter in who they extend credit to. whether its a personal loan or business loan they need to make sure the borrower can repay
the loan. also the monthly paymentmust be limited to no more than 40% of your income on personal loans. and all loans need to have simple
interest. so you know how much upfront you will pay in interest.
3rd the anti trust laws in the U.S. need to be updated to todays standards.
4th Banks, Investment firms and insurance companies should be barred from owning eachother.
5th any bank or investment firm or insurance company that is "TO BIG" to fail needs to be broken up because they are to big to exist.
I'll add more to my thoughts later right now its very late and i've fallen asleep in my chair twice writting this