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Wealth Awakening

You Think You're Saving Money, But You're the Product: The Trillion-Dollar Scam Behind Consumer Installments

You think grabbing that "Buy Now, Pay Later" deal on Shopee or Uber Eats scored you a NT$50 discount? The truth: you are not the consumer — you are the product packaged and sold into Wall Street ABS bonds. Using a simple role-play, this article breaks down how a NT$10 billion pile of consumer IOUs gets sliced into a three-layer tiramisu of bonds and, via bankruptcy remoteness, sold to the world; then it dissects how a Chinese payments giant spun NT$3 billion of equity into NT$300 billion of assets — 100x leverage — before regulators slammed the brakes 48 hours before its IPO.

13 min
Wealth Awakening

You Think You're Saving Money, But You're the Product: The Trillion-Dollar Buy-Now-Pay-Later Scam

When you tap that 'Buy Now, Pay Later' button, you think you're grabbing a coupon. In reality, you're being packaged as a financial product and fed to Wall Street. Every time you swipe, your future cash flow becomes fuel for someone else's money-printing machine. From Shopee to Ant Group, this trillion-dollar leverage game extracts 100x scale from your bills. Here's how to see the structure before it eats your wallet.

9 min