 Another financial crisis in the making. American debt on credit cards is near $1 trillion, and about to send the economy into another implosion. As they spend, consumers soar into default ... what's it all about? See the Google video "Century of the Self" to learn how Rothschild emissary Edward Bernays (nephew of Sigmund Freud) was sent to America in the 1900s to shape the consumer society and open that Pandora's box of consumer desire vs. consumer need. Advertising was born and the advent of charge cards in the 1960s sent purchasing skyward. We now have an average of 10 credit cards apiece, and as inflation makes it harder for many to survive, credit is the only way to make ends meet. Students are now pursued hotly by Big Plastic, plunging them tens of thousands of $$ in debt as they enter the workforce. What is the point of this besides the leverage and escalating interest banks get to enjoy over the financially inexperienced? Many will never be able to pursue their dreams, taking any work they can get to pay their debt. A slave state in the making. Also, if you can believe it, military recruiters are now offering credit-card debt relief to induce enlistment. Watch Danny Schecter's film "In Debt We Trust" and read his new article here.
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Last Updated on Monday, 29 December 2008 12:34 |
