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Originally posted by rickymouse
reply to post by ZIPMATT
That's because we have been programed that debt is good by the banking industry and the news media. For a while before the crash it was general practice to take out a credit card to build your credit history to get a lower loan rate on another loan. I built a house for a friend of mine who worked on the boats. He was making a hundred grand a year. He had paid for his trucks, snowmobiles, boats, etc in cash. He had plenty of savings to build the house but wanted to keep it in the market and banks. He had a hard time getting a loan, he never had a credit card. He wound up paying an extra percent and a half over what I would have to pay.
This programing of our society was what caused the destruction of our Economy. Getting people used to debt caused our disregard or ignorance of the national debt. This happened everywhere here in the USA. Our Economy was destroyed four years ago but we just don't realize it yet. Some people high up in our government know our Economy was destroyed by our ignorance of our ancestors knowledge but are still trying to deceive us into thinking it is real. Hopefully this unfolds slow instead of a fast crash. The biggest problem is that this is a worldwide event.....Sounds scarey to me.
Originally posted by sligtlyskeptical
I think he is saying that wealth is much more than money and material things.
Originally posted by lonewolf10