What Did I Just Witness

@NIKOlogist_ @Primewave96 You have a severe misunderstanding of finance. Just because you don't physically see the money in front of you doesn't mean it doesn't exist. You realize when you invest in gold, you very rarely get sent actual gold bars right?

@WhatDidIWitness @Primewave96 The money was made with the signature. No money was lent out. The added it to the ledger and still collect from you. That’s double dipping. Fraudulent.

You gotta have a lil hate in ya heart for this job😅

@PR2266 @Ayejess5101 @Primewave96 It's actually scary how many people don't understand the value of being productive in a civilized society.

@WhatDidIWitness @Ayejess5101 @Primewave96 Why are you even arguing with them? If a person cant understand that breaking the social construct for your own good is bad for the society, it means they are double digit IQ.

@romingdocks @thealmightytank @Primewave96 Once it continues to go up, to say 3%, the supply chain then responds: reducing car production, reducing staffing, reducing lending, raising standards for lending, etc. The result: Workers are laid off, more people don't qualify for a car (despite earning enough), etc...

@WhatDidIWitness @thealmightytank @Primewave96 On 1 end you say only 1% of people don’t pay, on the other end that 1% will cause people to lose their jobs? The fact of higher car notes literally causing the current car crisis and increasing defaults didn’t come into play though? You’re a bootlicker boy

@romingdocks @thealmightytank @Primewave96 You're not really following, and I can understand why. If currently only 1% don't pay, then the staffing levels in the supply chain account for that. When idiots like you encourage others to do this, for some type of weird virtue signaling, it starts to increase from 1%.

@OperationYankee @Primewave96 You need help my friend.

@WhatDidIWitness @Primewave96 It's not a conspiracy theory, this is literally material reality and you are actually the conspiracy theorist if you think that the world functions in this delusional fucking way.

@_theycallmetrey @Primewave96 Again, that is not how anything works. You can't just ignore losses in the supply chain and think they evaporate. That's socialist economics.

@WhatDidIWitness @Primewave96 Banks and loans are an established network of businesses. This didn’t start yesterday. If every bill collector went hungry because people didn’t make payments, call centers wouldn’t exist.

@glockmog @Primewave96 Auto lenders already proving it. Subprime shops are pausing loans & laying off staff as defaults rise. Dealerships lose finance margins. Fewer cars sold = factories cut production. Low-paid line workers & dealership staff get hit with layoffs. 2008 showed the extreme already.

@WhatDidIWitness @Primewave96 You shouldnt have went to a public school so you could have learned about fractional reserve banking lmao. Then you would understand none of the people in that supply chain loses any revenue when people miss payments.

@OperationYankee @Primewave96 I can't help you with your conspiracy theories as they will take a lot longer, but nothing you've said is true and you only advocate for hurting low paid workers at large corporations.

@WhatDidIWitness @Primewave96 They'll just print more money, or the Epstein class will have a system in crisis, I don't care who they take it out on the short term.

@98dmx @Primewave96 Right and that auction amount doesn't cover everything, especially when you factor in all the money and work that goes into the repo and auction. So the remaining left over is a loss. If enough losses pile up, what do you think happens at ANY company? It's really not that hard.

@WhatDidIWitness @Primewave96 They repo the car and auction it. That money goes towards the remaining loan balance. You don't know how this works. Do you say the same about IRS seizures, foreclosures, and estate auctions? Or does that logic only apply when it’s a repo?

@OperationYankee @Primewave96 You realize bank tellers would be the first ones downsized if this happened on a larger scale and they make barely above minimum wage? You want so hard to white knight against the "evil rich" but in fact you just want to help non-productive members of society over productive ones

@WhatDidIWitness @Primewave96 Dude they already got theirs. The only people effected are ducking bankers, and fuck them bankers.

@_theycallmetrey @Primewave96 I've broken this down for you once already....

@WhatDidIWitness @Primewave96 I never encouraged anyone to do anything I simply responded to you. Nobody starves because of a missed payment.

@Ayejess5101 @Primewave96 So I'm a bootlicker for wanting people who actually prioritize their bills and being productive members of society because you want to white knight for people who don't pay their bills for several months (they don't repo for one missed payment).

@WhatDidIWitness @Primewave96 Lol ok bootlicker. Yes let's equate not having money to pay for your car for numerous amounts of reasons to disrespecting the workers that don't give a shit or see any extra money from the sale of that car besides the salesman who also didn't really give you a "sweet deal".

@_theycallmetrey @Primewave96 ...Yes, because dealerships account for a certain amount of defaults. When people like you encourage others to default like in your previous comments, that rate of default rises, which effects profits and leads to downsizing of hard working, low paid workers. Please think ahead.

@WhatDidIWitness @Primewave96 Before that happens they take the car back and sell it again. My ex worked at a dealership in the finance department. This was her literal job. Can confirm that people missed payments everyday and nobody ever starved because of it.

@98dmx @Primewave96 Another example idiots like you don't realize: Stealing from Wal-Mart doesn't hurt "corporate profits" - it gets a minimum wage worker fired for having too many items get stolen during their shift in their department. Your ideals only benefit bums and hurt hard working people.

@WhatDidIWitness @Primewave96 You know the hard working people aren't depending on you to make your payments right? You think of every business as a mom & pop. You care more about one car getting repo'd than the CEO. Get real

@TankieTrut61007 God forbid we create a system that encourages and incentives being a productive member of society!

Try and convince him that a capitalist should not be holding a knife (called a job) to your throat

@thealmightytank @Primewave96 Ah okay, so since 1% of assholes don't pay their bills or get something they can't afford, we should just bar all poor people from getting a car loan. You're really a man of the people. It's a lot easier just to repo the cars and let others enjoy lending...

@WhatDidIWitness @Primewave96 Damn dealerships need stop selling to people who can't afford it. Endless loop of profit.

@2needytho @Primewave96 It means a lot for most of us, but apparently you can't think far enough down the line to realize that. You're like a baby that lacks object permanence. Because you can't see the affect directly in front of you, immediately, you can't think far enough ahead to understand it.

@WhatDidIWitness @Primewave96 wtf does them missing a payment mean for YOU? dumbass. yall so damn miserable dog. go to therapy

@EngageMooch @Primewave96 Keep going, you almost got it... And if the bank continues to have people default, they will lend less. That means even more poor families won't qualify because idiots like this don't pay their bills. The dealership then has fewer customers, less revenue and has to downsize...

@WhatDidIWitness @Primewave96 The dealership gets paid from the bank who lends the money. So no they will be ok whether the car is paid for or not