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Posted: 1/18/2021 10:16:52 AM EDT
[#1]
In theory getting rid of the bullshit credit system we have is a great idea. I'm practice, the commie implemented system will be a train wreck.
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Posted: 1/18/2021 10:17:24 AM EDT
[#2]
Quote HistoryQuoted: Wasnt he wanting to "diversify" the suburbs? This would be a key first step to accomplish that when you get to decide who has good credit. This isn't just about consumer credit. The Democrats are following China's plan of creating a social credit rating and passport for every person. Get your covid vaccine and government determined score goes up. Participate in SJW activities, your score goes up. Follow other government mandates and your score goes up. Speak out against the government and your score goes down. Buy a gun and your score goes down. This is what the Democrats are working towards. This and this. Push and pull. Make the red areas more purple as the inner city is flooded with new immigrants, these areas will still have the same high level of voter fraud, but legitimate black voters will be moved into purple areas to dilute the white/Asian vote. They will also drive up crime as per historic examples and lower community cohesions, thus driving "white flight" (soft ethnic cleansing). If you care about your kids you will push them towards indoctrination so they have an economic future. Time to fight back, while withdrawing from the system. The adversary can only borrow so much money, and keep the mask from slipping for so long, and more and more the mask is slipping. |
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Posted: 1/18/2021 10:19:28 AM EDT
[#3]
Paying your bills on time is racist, yo.
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Posted: 1/18/2021 10:19:35 AM EDT
[#4]
A Credit system designed to make profit for Big Liberals.
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Posted: 1/18/2021 10:21:44 AM EDT
[#5]
Sounds like a great setup for a system of social credit.
Is he getting advice from Xi? |
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Posted: 1/18/2021 10:22:16 AM EDT
[#6]
They went after the bitter clingers and conservatives the whole 8 years of Obama. Those 8 years will seem tame by comparison.
They are making that basket of deplorables a reality. |
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Posted: 1/18/2021 10:22:32 AM EDT
[#7]
Quote HistoryQuoted: china is busy getting rid of different ethnic groups. Tibet and Uighur anyone?? Yup. |
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Posted: 1/18/2021 10:23:51 AM EDT
[#8]
This just means broke brown people will be high achievers, with uncle sugar gaming the system for them nothing more
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Posted: 1/18/2021 10:25:37 AM EDT
[#9]
Quote HistoryQuoted: They went after the bitter clingers and conservatives the whole 8 years of Obama. Those 8 years will seem tame by comparison. They are making that basket of deplorables a reality. Are you to comfortable to do anything about it. |
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Posted: 1/18/2021 10:26:54 AM EDT
[#10]
Elements of the CCP social credit score program but
will be completely botched with crushing bureaucratic BS, SJW horseshit and non-existent efficiency. Of course it will be eternal and all cost socialized. |
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Posted: 1/18/2021 10:28:11 AM EDT
[#11]
"Driven by need. "
Straight from Vladimir Lenin mouth. "Work according to your abilities, get paid according to your needs." |
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Posted: 1/18/2021 10:30:26 AM EDT
[#12]
The prices we pay for stuff reflect "inventory shrinkage".
The cost we will pay for faux credit scores is higher interest. |
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Posted: 1/18/2021 10:35:48 AM EDT
[#13]
Quote HistoryQuoted: Ah, giving out loans to those who can barely afford it, or giving them more than they can actually afford. Operating off of loans we can't afford to pay back is how our entire government works. 
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Posted: 1/18/2021 10:36:39 AM EDT
[#14]
Quote HistoryQuoted: Honestly, not much more than our current system that leaked full information on half of all Americans and had no recognizable punishment, compensation, or reform. The credit system desperately needs to be overhauled. I do not trust Biden's team to do it though. Yep. Just like the death penalty. Some people do things they deserve to be executed for, but I don't trust the government to figure out who did and didn't do them. |
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Posted: 1/18/2021 10:39:32 AM EDT
[#15]
Quote HistoryQuoted: FJB |
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Posted: 1/18/2021 10:40:28 AM EDT
[#16]
Quote HistoryQuoted: This isn't just about consumer credit. The Democrats are following China's plan of creating a social credit rating and passport for every person. Get your covid vaccine and government determined score goes up. Participate in SJW activities, your score goes up. Follow other government mandates and your score goes up. Speak out against the government and your score goes down. Buy a gun and your score goes down. This is what the Democrats are working towards. This and this. Push and pull. Make the red areas more purple as the inner city is flooded with new immigrants, these areas will still have the same high level of voter fraud, but legitimate black voters will be moved into purple areas to dilute the white/Asian vote. They will also drive up crime as per historic examples and lower community cohesions, thus driving "white flight" (soft ethnic cleansing). If you care about your kids you will push them towards indoctrination so they have an economic future. Time to fight back, while withdrawing from the system. The adversary can only borrow so much money, and keep the mask from slipping for so long, and more and more the mask is slipping. Quote HistoryQuoted: Quoted: Wasnt he wanting to "diversify" the suburbs? This would be a key first step to accomplish that when you get to decide who has good credit. This isn't just about consumer credit. The Democrats are following China's plan of creating a social credit rating and passport for every person. Get your covid vaccine and government determined score goes up. Participate in SJW activities, your score goes up. Follow other government mandates and your score goes up. Speak out against the government and your score goes down. Buy a gun and your score goes down. This is what the Democrats are working towards. This and this. Push and pull. Make the red areas more purple as the inner city is flooded with new immigrants, these areas will still have the same high level of voter fraud, but legitimate black voters will be moved into purple areas to dilute the white/Asian vote. They will also drive up crime as per historic examples and lower community cohesions, thus driving "white flight" (soft ethnic cleansing). If you care about your kids you will push them towards indoctrination so they have an economic future. Time to fight back, while withdrawing from the system. The adversary can only borrow so much money, and keep the mask from slipping for so long, and more and more the mask is slipping. You would think (well I wouldn’t but) the vaccine is reaching minorities (blacks) equally but it isn’t. https://www.sacurrent.com/the-daily/archives/2021/01/09/advocates-worry-vaccines-will-be-out-of-reach-for-black-and-hispanic-neighborhoods-devastated-by-covid-19 They talk about how the black and brown communities suffered more from Covid but never mention levels of obesity and diabetes that helped it along. It does take some extra effort to serve this vaccine to these communities due to less transportation and communication. Complaining about disparities is not any solution. They badly need a community organizer. Where’s Yeezy? |
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Posted: 1/18/2021 10:46:06 AM EDT
[#17]
Bipolar, BIPOC, gay, lesbian, transgender, alien, el chupacabra, locomotive train guy with multiple defaulted loans and no work history: Credit rating 10,000+
Straight White guy with a family of four, stable job of 10 years, and zero missed payments: Credit rating -100 |
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Posted: 1/18/2021 10:48:40 AM EDT
[#18]
Just another "soft" wealth transfer from responsible (read:mostly conservative) people to "underserved" and "historically underprivileged" people.
Lenders will be prohibited from using information in addition to this new system. Interest rates on credit will be compressed into a narrower band, with responsible people paying higher rate than they would otherwise to make up for the difference. Bad credit risks won't be identified, or will be categorized as less risky than they really are. Net effect is that responsible borrowers subsidize the shitty ones. It's just like Unaffordable Care Act. Force everyone to share the risk more "equitably." |
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Posted: 1/18/2021 10:56:20 AM EDT
[#19]
Last week, an alleged video published on Twitter handle @TruthAbtChina shows the Chinese Communist Party (CCP) law enforcement or health officials or some governmental agency placing "seals" on apartment doors to make sure people abide by new lockdown orders.
People have been escaping quarantined communities in the recent lockdowns in China. In response, the CCP is putting a seal on the door of each apartment. The stickers say: If the seal is broken, there will be legal consequences. |
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Posted: 1/18/2021 10:59:47 AM EDT
[#20]
We have much to learn from Mother China.
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Posted: 1/18/2021 11:02:05 AM EDT
[#21]
Quote HistoryQuoted: If that occurs there is an even easier way judging credit will end up being done....try to take a wild ass guess... |
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Posted: 1/18/2021 11:03:58 AM EDT
[#22]
Quote HistoryQuoted: Honestly, not much more than our current system that leaked full information on half of all Americans and had no recognizable punishment, compensation, or reform. The credit system desperately needs to be overhauled. I do not trust Biden's team to do it though. What’s wrong with the current credit system? It accurately evaluates a debtor’s profitability for the creditor, no more no less. |
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Posted: 1/18/2021 11:06:27 AM EDT
[#23]
Quote HistoryQuoted: Just another "soft" wealth transfer from responsible (read:mostly conservative) people to "underserved" and "historically underprivileged" people. Lenders will be prohibited from using information in addition to this new system. Interest rates on credit will be compressed into a narrower band, with responsible people paying higher rate than they would otherwise to make up for the difference. Bad credit risks won't be identified, or will be categorized as less risky than they really are. Net effect is that responsible borrowers subsidize the shitty ones. It's just like Unaffordable Care Act. Force everyone to share the risk more "equitably." Yep. Essentially he wants to socialize the home-loan program. It might wreck the market for real estate but otherwise shouldn't hurt our economy too much. 
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Posted: 1/18/2021 11:09:22 AM EDT
[#24]
Quote HistoryQuoted: We are turning into china Nah. China has some competent people in their government. |
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Posted: 1/18/2021 11:09:47 AM EDT
[#25]
Quote HistoryQuoted: What’s wrong with the current credit system? It accurately evaluates a debtor’s profitability for the creditor, no more no less. The communists aren’t interested in profitability. They are only interested in absolute power. Part of attaining that goal is to control every aspect of life. |
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Posted: 1/18/2021 11:14:47 AM EDT
[#26]
Quote HistoryQuoted: Honestly, not much more than our current system that leaked full information on half of all Americans and had no recognizable punishment, compensation, or reform. The credit system desperately needs to be overhauled. I do not trust Biden's team to do it though. Quote HistoryQuoted: Quoted: What could possibly go wrong?  Honestly, not much more than our current system that leaked full information on half of all Americans and had no recognizable punishment, compensation, or reform. The credit system desperately needs to be overhauled. I do not trust Biden's team to do it though. This....credit bureaus are black boxes and those scores are used for everything from employment, to insurance rates. But the new crew will put a woke twist on them and realistically just drive the industry overseas. |
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Posted: 1/18/2021 11:15:51 AM EDT
[#27]
Quote HistoryQuoted: That's not going to happen without Uncle Sugar guaranteeing the banks they will get paid for those who go into default. Imho. That is just talking points to get more votes. The IMF proposed this exact type of credit system a few months ago. If the IMF is on board it won’t take much dealing to get the federal reserve on board. |
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Posted: 1/18/2021 11:17:35 AM EDT
[#28]
Headed toward scores based on political beliefs.
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Posted: 1/18/2021 11:20:03 AM EDT
[#29]
Fuck that demented old lying bag of dust and his loopy cunt sidekick .
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Posted: 1/18/2021 11:20:42 AM EDT
[#30]
Quote HistoryQuoted: What’s wrong with the current credit system? It accurately evaluates a debtor’s profitability for the creditor, no more no less. Quote HistoryQuoted: Quoted: Honestly, not much more than our current system that leaked full information on half of all Americans and had no recognizable punishment, compensation, or reform. The credit system desperately needs to be overhauled. I do not trust Biden's team to do it though. What’s wrong with the current credit system? It accurately evaluates a debtor’s profitability for the creditor, no more no less. 1) Non-Voluntary 2) Opaque practices 3) Insecure, at best 4) No oversight 5) Difficult to appeal mistakes 6) Highly susceptible to fraud And no, it doesn't evaluate a debtor's profitability. I have a very high credit score and lendors have made very little money from me... but I'm very low risk |
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Posted: 1/18/2021 11:21:53 AM EDT
[#31]
Quote HistoryQuoted: There was an episode of Black Mirror about this with Bryce Dallas Howard. https://www.ar15.com/media/mediaFiles/247800/review-black-mirror-s03e01_png-1784792.JPG |
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Posted: 1/18/2021 11:22:21 AM EDT
[#32]
It's harder to impose a totalitarian government with a somewhat functioning economy.
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Posted: 1/18/2021 11:24:32 AM EDT
[#33]
When they legalize MILLIONS of illegal aliens I wonder what the credit score formula will be for all of them?
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Posted: 1/18/2021 11:25:39 AM EDT
[#34]
I’m awaiting “If you ain’t financing a new car with a guaranteed government loan you ain’t black”
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Posted: 1/18/2021 11:27:10 AM EDT
[#35]
Quote HistoryQuoted: Why not just give everyone a score of 800 in the name of equality? What difference does it make? Loan repayments is zero risk for a bank, if the debtor doesn't pay just cry to the gov with your hands out and they will have the fed print up some shiny new money for you |
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Posted: 1/18/2021 11:28:37 AM EDT
[#36]
Quote HistoryQuoted: The gays and POC instantly get +100 for "equality" Gun owners get -100 for being a "risk" The good news is in the new world you can identify as anything you want. I'm a black female, lesbian, that is also transgendered, and a democrat, communist. I'll get so many free points i can get a free Truck!!! |
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Posted: 1/18/2021 11:29:47 AM EDT
[#37]
One more dagger in the back of the middle class.
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Posted: 1/18/2021 11:33:14 AM EDT
[#38]
Quote HistoryQuoted: That seems like a great idea, if you believe in Modern Monetary Theory and Marxism. FJB SPNI. This is how social credit scores happen. "Well Mr. Smith, you would have an 800 credit score where it not for your lack of Facebook and Twitter accounts, and your association with White Supremacist groups such as Parler and AR15.com. Your score may rise if you can show you completed re-education courses to atone for your racisms. Have a great day. " |
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Posted: 1/18/2021 11:33:57 AM EDT
[#39]
Quote HistoryQuoted: Full on communism. It's coming. We'll just protest harder in 2022. |
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Posted: 1/18/2021 11:40:40 AM EDT
[#40]
Prophesied in the Bible, but only in recent years has computer technology advanced enough to provide the means to globally monitor and control who buys, sells and works. Globalists must control and approve the political, economic and religious elements of society. |
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Posted: 1/18/2021 11:40:40 AM EDT
[#41]
So would this be like your needing to get rid of your truck you bought new in 1994 and can barely keep it running and youre looking at a newer model truck...your conventional credit store is saw 800...
But Bidet deems consumer need is electric....so you would only be evaluated with your credit score for an electric vehicle, or have to pay "no credit" fees on a new truck? |
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Posted: 1/18/2021 11:41:51 AM EDT
[#42]
I am reminded of "Atlas Shrugged" every day. Or maybe "Idiocracy".
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Posted: 1/18/2021 11:42:23 AM EDT
[#43]
Meh, the banking institutions wanted him. They're getting him.
Don't worry though- no matter what, they won't lose. Whether that means a government bailout or they get to leverage excessive fees and rates on others, they always will win and the politicians will work for them. Quoted: Nah. China has some competent people in their government. Unfortunately true, and the second you break lockstep with the party line- or the party line changes- they lock you up or execute you for corruption. I wonder what tune Jack Ma will be singing when they let him out of Room 101? If we ever actually see him again. |
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Posted: 1/18/2021 11:42:31 AM EDT
[#44]
Credit scores are racist ?
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Posted: 1/18/2021 11:43:51 AM EDT
[#45]
Quote HistoryQuoted: That's not going to happen without Uncle Sugar guaranteeing the banks they will get paid for those who go into default. Imho. That is just talking points to get more votes. The way to solve that, is to simply nationalize the banks. A blind man sees where this is going. Won’t happen under this administration, but the tracks are being laid. |
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Posted: 1/18/2021 11:44:31 AM EDT
[#46]
The repo men are going to be doing a lot of overtime. Looks like that’s gonna be job security for anyone in this field.
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Posted: 1/18/2021 11:52:14 AM EDT
[#47]
Quote HistoryQuoted: There was an episode of Black Mirror about this with Bryce Dallas Howard. https://www.ar15.com/media/mediaFiles/247800/review-black-mirror-s03e01_png-1784792.JPG Theres an episode of Sliders that predicted the lynchy nature of social media and social credit. Basically, if your score falls enough, the state executes you. |
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Posted: 1/18/2021 11:52:16 AM EDT
[#48]
Quote HistoryQuoted: The repo men are going to be doing a lot of overtime. Looks like that’s gonna be job security for anyone in this field. Not necessarily. If they stop letting landlords evict deadbeat tenants, don't expect them to let cars be repo'ed over a few (dozen) missed payments. |
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Posted: 1/18/2021 12:00:46 PM EDT
[#49]
If you still cannot see how badly this is going to end for us, you are helpless and an ally of the enemy of our Republic.
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Posted: 1/18/2021 12:07:46 PM EDT
[#50]
They aren't retarded. This is all a part of the Communist plan.
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