TKay on Nostr: This is exactly what happens around the world. I've seen it first hand... and used ...

This is exactly what happens around the world.

I've seen it first hand... and used it... I had family member who work government jobs. which in my country are considered guaranteed income for life, because you don't get fired.

And Government employees had access to small credit lines to buy appliances and electronics no questions asked. (We didnt have credit cards).

And what started happening, their income was so low, they would buy electronics for friends to get cash. say they buy a $1000 iphone, sell it for a friend for $1000, and pay the installments directly deducted from their salaries.

All of them were under huge amounts of debt.