Even if you cut out all the technical bullshit about finances you can probably agree one thing is true: DSP is the banks favorite kind of customer.
I'd be repeating myself if I said all the tips, subs and bitch ears never really benefit DSP directly, but instead make the bank and its excel spreadsheet autists happy that they have yet another paypig who was optimistic enough about their business/life to sign up for tons of debt. If you look beyond the banks who've loaned money to DSP you will see super mega turbo autists, just like those on KF, who put DSPs numbers into an excel sheet and decide what his future holds.
I said this shit several months ago:
Face it, Phil is the banks favorite kind of customer. Revolving debt, credit card debt, home mortgage debt, car loan debt. Phil has it all, and even if it is 90% of his expenditure, it has to be a significantly high amount. He's not fully drowning just yet, but his head is bobbing just above the water. Why on earth would any bank extend a loan to Phil for that car he bought a few months ago? Because they know they can get more out of him.
The point of banks isn't to put someone in a level of debt which can't be serviced, its ideal to lend as much as you can but still guarantee almost every single penny they get as income for eternity. Not so you can ensure they pay as soon as possible, but so that you can have long term profit by that person's inability to pay any more.
There is no doubt for me that DSP is just about at his choking point/bankruptcy and the past few months and years have more been him paying the minimum instead of using his debt as an actual tool to further his situation.
If DSP does end up declaring bankruptcy or gets his house/assets repossessed (or whatever would happen in that event) the bank will still likely cover its bases but would lose out on profit on account of having to risk auctions and selling off assets (I believe a third party company deals with asset sales and makes a nice slice of money on the fire sale).
DSP is certainly not the person you see on a documentary about foreclosures who has been mislead or taken advantage of, he's just the person who has pushed the "tools" are available and which can actually be used positively to further a person or companies position to the absolute limit.
So even if his paypigs do turn out and drop mad money towards his current crisis, we all know the truth, all they're doing is lining the pockets of the bank. This is the only reason I take issue with people thinking DSP is a grand planning scammer, he simply doesn't have enough forethought, DSP is just the guy repeating what the bank is telling him. All he's doing is trying to extend deadlines and if you ignore lucky paypigs appearing we all know he actively doesn't do anything to help expand his audience/appeal.
The saying goes, that there are only two sure things in life, death and taxes. But the third thing you can be sure of is that DSP will eventually be unable to service the minimum payments on his "financial tools" and will lose his house/everything (which what I think is the "good ending" in all of this because banks are gay).
So while it might be detestable for a grown and gouty able-bodied man to resort to ebegging for his income while ignoring a real job, its actually far more detestable if you look at the root of this situation: a guy who uses "financial tools" for reasons they aren't designed for so that he can try and beg/mislead his viewing audience into forking over increasing amounts of money, not so they can help with hospital bills or a surprise eviction notice, but so they can ensure that he is able to make the bare minimum payments for another few months until the exact same shit happens.
The bank isn't stupid enough to see "minimum payments" for so long and not use their expertise (autists in the Microsoft Excel department who calculate the risk profile of every kind of debtor, in every state/city/county/town from every single source of income CEO/manager/barmaid/farmer/YouTuber) to realize someone like DSP is never going to be able to meaningfully strike away at his debt.
Even if its not this or the next year, eventually the clouds will part and Zeus, the super mega autist bank employee will have DSP under his view and throw a lightning bolt in the form of the bank recalling debt/changing payment structures. Even if it isn't the excel autist at the bank, surprise medical bills or paypigs losing interest and DSPs entire
show will
inevitably fail spectacularly.
So if you're not well versed in the world (which isn't a bad thing) you should take time to learn that DSP is not at all unique. Everyone knows that one guy who took out 20 loans and credit cards to service his first 16 loans and for a time everything is great.
Then one day the bank calls up on their debt because a payment was missed or because a risk profile got updated and they fell short by 0.00001% or because the bank's autist refreshed his Excel spreadsheet and your debt was autoflagged. You'll hopefully realize there are plenty of people who don't even do begging and run businesses that appear to be successful to people and who end up coming short or even manage to fulfill whatever the bank's autists feel is the minimum payment.
Any
smart business person usually hides themselves behind various company structures that make the effect of debt less substantial, but DSP is not that person, he took the riskiest of "business" ideas and decided to place all of his bets behind it.
