Originally posted by GoalPoster
The PTB would never let that happen.
Collectively, people in the US owe about $800 billion in credit card debtTotal U.S. credit card debt today is about one trillion dollars. U.S. households using credit cards have an average of $9,000 in credit card debt.
source
If you estimate that at an extremely conservative 10% APR (which equates to 0.000273972602739726 percent per day) that means the financial industry is earning approximately $200,000,000 per day in interest.
If you think they're going to let go of that cash cow . . . think again. They'll shoot every elected official that votes for any such measure first before they give up their greed-driven ever-accruing gains.
So, while we sit by and watch the greedy bastards get richer, our elected officials sit upon their leathery thrones, babble on for a few months about 'bailing out' and 'saving mainstreet' and all they can muster is about five hundred bucks per household all the while ensuring the financial sector continues to get theirs, so to speak.
I'm so absolutely pissed off at this point, words cannot express . . .
[edit on 12-2-2009 by GoalPoster]
Oh yeah - I completely agree with you. You can compare it to some sort of free energy - even if we know how to do it, the same PTB would never allow it. That's why I said it's a nice utopia.


