British-based supermarket chain Iceland has partnered with charitable lending organization Fair for You, to offer these loans.
The this loan scheme has been extended since the 16th, and after a pilot program provided these loans to over 5,000 families. The Guardian added, ‘The scheme is designed to enable them to cover school holiday grocery bills or smooth out gaps in their income by providing interest-free “microloans” of between £25 and £100 to buy everyday items.’ As the program is being rolled out nationwide, tons of other families are forecast to signup.
These small loans come via a prepaid card with reoccurring payments set at £10 ($11.85) each week. The pilot program saw users paying a small interest fee on the loans, but Iceland reportedly made the decision to invest an undisclosed amount to make “all loans completely interest-free for the national rollout.”
Iceland has roughly 1,000 different outlets, and those registered could potentially have access to additional credit, using the preloaded card online called the “Iceland Food Club.” ‘Successful applicants’ can receive a £100 ($118.45) limit instead, and can even add another £25 to £75 on to their cards.
‘Richard Walker, managing director of Iceland Foods, said “fresh thinking” was required from business and government to find workable solutions to the cost of living crisis,’ The Guardian added.
Australia Is Now Offering “Buy Now Pay Later” Apps For Bread, Milk, And Gas, At A Max Of $500
AUTHOR COMMENTARY
[7] The rich ruleth over the poor, and the borrower is servant to the lender. [26] Be not thou one of them that strike hands, or of them that are sureties for debts. [27] If thou hast nothing to pay, why should he take away thy bed from under thee?Proverbs 22:7, 26-27
This has more “Agenda 2030: You’ll Own Nothing and Be Happy,” written all over it. These people are being made debt slaves that are dependent on the system, and will never be incentivized to try and get out of the system, but rather mooch off of it, and the added costs will then be covertly taxed via higher prices and inflation and shrinkflation; in this socialistic move.
This once again demonstrates how the Western world is the midst of a total societal and monetary collapse.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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This is a step to universal income. The people will take it as they are led into the beast system by the nose. The next 6 to 12 months will be key, as they are in the process of taking it all down. Very few people are ready for it, and the people left in large cities will be hit hard. They will start to “manage” them first.