Here in the States, $3T (trillion dollars US) estimated credit card debt exists. Since this is "unpledged", meaning unpaid, the US $3T credit card debt can cause inflation.
Credit card debt is like the central bank or treasury of a nation printing that much of the countries currency.
Just how much the US credit card debt will add to inflation in the US is still being debated.
The increase to inflation the credit card debt will cause is called Inflationary Credit.
William Charles Simpson 1st Write: Mon, Jan 12, '04 Santa Cruz Ca USA
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