What Did I Just Witness

225 posts

What Did I Just Witness

What Did I Just Witness

@WhatDidIWitness

Katılım Ağustos 2024
2 Takip Edilen6 Takipçiler
What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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?
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Niko Style
Niko Style@NIKOlogist_·
@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.
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Brandon
Brandon@Primewave96·
You gotta have a lil hate in ya heart for this job😅
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P R
P R@PR2266·
@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.
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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...
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Romingdocks
Romingdocks@romingdocks·
@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
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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%.
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Operation Yankee
Operation Yankee@OperationYankee·
@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.
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Ken Griffey Jr. Jr.
Ken Griffey Jr. Jr.@_theycallmetrey·
@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.
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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.
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Glockmog
Glockmog@glockmog·
@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.
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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.
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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.
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Phil Cosby
Phil Cosby@98dmx·
@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?
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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).
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2baked4this5hit
2baked4this5hit@Ayejess5101·
@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".
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@_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.
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Ken Griffey Jr. Jr.
Ken Griffey Jr. Jr.@_theycallmetrey·
@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.
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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.
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Phil Cosby
Phil Cosby@98dmx·
@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
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TruthTellerTankie
TruthTellerTankie@TankieTrut61007·
Try and convince him that a capitalist should not be holding a knife (called a job) to your throat
What Did I Just Witness@WhatDidIWitness

@_theycallmetrey @Primewave96 You really can't think that many steps ahead can you? If everyone stops paying on it, yes, the bank/dealership/etc will obviously have to downsize to make up for the lost revenue. Someone losing their job doesn't cause them to starve...?

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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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...
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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.
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What Did I Just Witness
What Did I Just Witness@WhatDidIWitness·
@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...
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MoocH
MoocH@EngageMooch·
@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
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