Ye Olde Codger-tator
Saturday, October 25, 2003
 

75 MILLION AMERICANS NEED TO READ AND UNDERSTAND THIS.

DEBT CAN MAKE YOU AN ECONOMIC SLAVE
ECONOMIC SLAVERY IS NOT EXCLUSIVE TO ANY RACE, COLOR OR CREED.
CONSIDER THIS:
  • Taxes are mandatory.
  • Debt is (most often) voluntary.
  • Interest on Debt is a form of Self-taxation.

    THEN THINK ABOUT THIS:
  • There are two forms of Slavery, chattel and economic.
  • Economic Slavery is allowing yourself to get so deeply into debt that it is difficult to extricate yourself from it.
  • YOU forge your own chains of Economic Slavery, link by link.
  • Credit-card debt is the most prevalent cause of Economic Slavery.
  • Visa and MasterCard have been the direct and sole cause of more bankruptcies than any other single causation in the history of finance in America.
  • Credit-card debt is a refined form of the old Mafia-type loan-shark racket.

    OTHER IMPORTANT FINANCIAL FACTS
  • Bankruptcy filings are currently in the range of a million a year.
  • Tax rebates have little effect on the economy when they barely pay a month's interest on credit-card debt for the average household.
  • Citibank is the largest purveyor of debt in the world today.
  • Banks, like Citibank, MBNA, Bank One, etc., have become predatory in nature; you cannot consider them as "socially responsible" or "friendly" to the citizenry of this country. A better image would be Count Dracula.

    If you consider banks in this light, you will better protect your financial well-being, especially those that specialize in the credit and charge card business.

    Follow these daily blogs and learn how to keep your debts low and your savings and credit high.
      11:34 AM


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    Independent thoughts. Politically incorrect? So what! Freedom of speech is just that, freedom of speech. Many Universities no long seem to subscribe to the Second Amendment. POLITICAL CORRECTNESS IS COMMUNIST PROPAGANDA WRIT SMALL. (Theodore Dalrymple).

    About Me

    Name:Howarde
    Location:Solvang, California, United States

    Born in Ohio in 1924, which leaves the arithmetic to you. Raised in New Jersey on the banks of the Hudson River, where I often watched all the activities on the river, such as maiden voyages of the English liner, S.S. Queen Mary and the French liner, S.S. Normandie, the large vessels docking on the N.Y. side of the river. Spent five years at sea as a Merchant Seaman, rank of Purser. Sort of like roaming the world during and after WWII.

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