The Debt Trap: High-Interest Rates Enslaving Americans

In this eye-opening video clip, we explore the shocking reality of high-interest rates charged by credit card companies and their impact on millions of Americans. The video documents the alarming fact that many people in the United States are essentially enslaved by their credit card companies, trapped in a cycle of debt and financial instability due to exorbitant interest rates and fees. The clip highlights the troubling practice of credit card companies charging interest rates of 30% or more, a practice once considered loan sharking and punishable by imprisonment. The video delves into the reasons why this situation has gone unchallenged for so long and how society has come to accept credit card companies as unavoidable aspects of modern life. Additionally, the video addresses former President Donald Trump's recent comments about capping interest rates at 10%, a suggestion that was quickly dismissed as socialist. The clip questions whether implementing such a cap could be a necessary step towards protecting Americans from the predatory practices of credit card companies and promoting financial freedom.