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Chicks on The Right - Conservative Politics & Culture Commentary

Can Trump’s New Plan Save Us From Soaring Credit Card Debt?

Chicks on The Right - Conservative Politics & Culture Commentary

Radio America

News, Society & Culture, News Commentary

4.72.4K Ratings

🗓️ 22 September 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Today the Chicks are joined by the always insightful Zach Abraham from Bulwark Capital Management! They dive into Trump's bold plan to cap credit card interest rates and what it really means for YOUR wallet. Zach breaks it all down, from the possible ripple effects to the lessons we can learn from history (hint: remember the Glass-Steagall Act? )With inflation heating up and markets shifting, it's a conversation packed with financial wisdom you won't want to miss! 🔥 
 
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Transcript

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0:00.0

Liberty Nation with Mark Angelides.

0:03.0

Communications on the presidential campaign trail

0:06.0

and explosive communications for Hezbollah in Lebanon.

0:09.0

There's a new hybrid warfare at home and out of town.

0:11.0

And we're going to explain exactly how that works.

0:13.4

Author, columnist managing editor of Liberty Nation.

0:19.8

PODcast host a conservative policy advocate.

0:23.4

We dismiss history and apparel.

0:25.1

Liberty Nation with Mark Angelides. Welcome to another episode of The Chicks on the Right podcast where we host our friend and sponsor of the

0:40.4

show Zach Abraham from Bullwork Capital Management to talk about things that are

0:44.8

happening in the financial world and there's a big thing that Trump has brought up in a

0:49.4

recent rally speech where he said he's thinking about capping credit card interest rates

0:57.6

which is kind of blowing our minds and which we want to know do you think first of all that

1:02.4

that's just bluster or would he could he and would he actually do something like this and what impact would that have on like everything?

1:12.0

You know it's an interesting thing because typically I would be against

1:16.0

something like this and the reason for it is that it what it would result in is it would

1:22.1

result in like less available credit right so

1:25.3

meaning it's just it's a simple way that that you know banks or insurance companies

1:31.0

or credit card companies are going to look at managing their own

1:33.2

internal risk, right? Which is if you know they can offer these deals if you know

1:38.8

15% of people go over the limits don't pay their stuff on time, and they're collecting, you know,

1:44.8

15 to 20 percent penalty interest effectively against somebody else.

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