Future of credit cards
Credit cards are the banks response to monetize people stupidity.
So, we see that for the past 40 years, credit cards were using by virtually everyone. The public and private debt skyrocketed, everybody is consuming more than they earn and everybody is mortgaging their own future. So, what will be the future of credit cards?
1. RFID chip – there are already some cool, fashionable locations where you can pay via a RFID chip implanted under your skin. It’s the same thing with the credit card, but only more cool
2. virtual payment will be more used then cash in all world, not only in developed states. Did you know that only 10% of the money exists physical? The rest 90% exist only scriptical?
3. nations credit cards – now, that every individual person has enslaves themselves from financial point of view, there will be the nations turn, to use the nation credit cards. Imagine how easy will be to furter enslave nations, by provinding them no limit spending limit on national credit cards. Imagine how easy it will be to spend more and more, just like a normal stupid individual, who spends much more then it earns
Future of credit cards looks very promising. As humans are always looking the easy way out, credit cards seems to offer this easines. If you look in the future, you will see that debt will continue to increase, until everything it will break. This way of live is not sustainble. We cannot keep use debt to feel good. So, on short term, the future of credit cards looks ok, on long term I think it will be recalculated.
