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How Out-of-Control Credit Markets Threaten Liberty, Democracy and Economic Security

Society & Culture  (tags: abuse, activists, americans, banks, credit, culture, dishonesty, education, ethics, freedoms, government, law, media, politics, rights, society )

- 2136 days ago -
Opaque, dysfunctional and corrupt credit markets are hazardous to America's health.

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Jason S (50)
Thursday July 12, 2012, 11:58 am

paul m (93)
Friday July 13, 2012, 7:46 am

Too much credit,,,,

Friday July 13, 2012, 1:39 pm
It's almost impossible to pay your bills these days without going into debt. The rulers in society have determine that putting the citizenry into debt is a classic way to control society. I personally have been saddled with aronius debt by the city and federal government that I am now contesting. The power of government and businesses to just claim that you owe thousands of dollars is rampant.

Then there are the businesses that literally steal and defraud you of your money from your bank account. Nine times out of ten the bank will side with the existing business against the consumer because both banks and businiesses feel it there right to exploit the consumer.

Who is the consumer to turn to when they are a victim of fraud? Surely not the government because our elected officials relly on kickbacks from these corporations to enrich themselves and remain in office.

People accrue debt not because they are incompetent. Debt is accrued based on a well thought out strategy by the ruling oligarchy. Then there is the fact that you put your money in a bank and gain zero interest. Mainwhile the same banks turn around and charge you upwards of 20% for a credit card.This is no accident. This is policy put forth by the banks, politicians, and corporations.

Janet B (36)
Friday July 13, 2012, 2:34 pm
They can check our credit!!!! WE ARE STILL POOR!!!!!!!!!!!

Lois Jordan (63)
Friday July 13, 2012, 5:01 pm
When potential employers consider your credit score when deciding whether to hire you, it seems we have some big problems within this system. Seems my old grandpa was right back in the 1970's when he told me to stay away from credit cards. But, back then, regulations were in place to keep interest rates down. High rates used to be called usury...and it was against the law. Since the banksters and PowersThatBe rewrote all the laws in the past couple decades, we've seen our money "TRICKLE UP" to fund the banksters and corporations.

Kerrie G (116)
Sunday July 15, 2012, 6:53 am
Noted, thanks.

Talya H (10)
Sunday July 15, 2012, 5:34 pm
Thanks for the article!

Maria S. (0)
Thursday May 19, 2016, 2:25 am
As we move forward economic growth will stall and economic shrinkage set in due to peak resources and destruction and food shortages due to climate change. If we do not adopt a public banking model the economy can not shrink but will collapse due to private cash lenders fractional reserve banking.
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