by Chris Black
These BNPL apps are just the newest in a long line of stock scams that won’t be around in a few years.
In today's #MadDash @JimCramer says $AFRM is like $GME but with profits. The company announced yesterday it was expanding its partnership with Walmart to self-checkout kiosks. pic.twitter.com/V4TVbBGmeZ
— Squawk on the Street (@SquawkStreet) December 20, 2023
Self-Checkout Kiosks At 4,500 Walmarts Now Offer 'Buy Now, Pay Later' Loans For Basic Items t.co/DKzvh3crfa
— zerohedge (@zerohedge) December 20, 2023
You get the app, say you want the $1200 TV and then set up 12 payments with 12% interest. Pay the first one and then never pay again. Is Affirm going to send repo men after the TV? I doubt it. The people using it don’t care about their credit scores. The BNPL scams are going after people who can’t qualify for credit cards, and probably don’t even have $5 in a bank account.
One of Affirm’s biggest products is buying gift cards with buy now, pay later. WTF????
What we are currently living makes the world of Idiocracy look like a documentary on a space faring advanced civilization.
There’s no long range agenda at work here, just the same ((people)) running the same stock scam over and over in different market sectors.
When free Fedbux are printed with reckless abandon, they need to go somewhere.
So why not bid up some shares that gullible idiots will buy from you later for more cash.