What happens when the same hand that feeds you strikes you down? What do you do in response? It seems that America is trying to answer these questions… WITHOUT answering these questions when it comes to our Credit Based Money System. Our unwillingness to be more direct and open about the scope of our economic crisis may end up causing us more harm than good. God Bless America.
I figured everyone could benefit from these resources.
The credit card INDUSTRY is just a micro version of our Macro Credit Based economy. Our economy is based on taking out loans of money that doesn’t exist. It is the bulk of the reason why our economy collapsed. We cannot continue to create money, either print or digitally, out of thin air thru our loaning system. You can call it a debt based economy as well as a credit based economy depending on how you want to look at it but all of it is an economy that is based on producing money out of thin air that has no intrinsic value. Ron Paul isn’t crazy when he makes a point of this. Somewhat like an IOU system. Add interest to every dollar loaned and you have debt that cannot be paid back simply by the fact that money was not created in order to pay back the interest. Money was only created to give out the loan, debt or credit. So always someone will have to default.
Here are some resources for those who don’t understand:
Money as Debt:
Money as Debt/Promises Unleashed:
Money Crash Course