This video is by a young woman who makes some very excellent points about society, debt and people who use credit cards. This 9 minute video is number 3 my DebtFree4ever TV Series.
Discussing faith, business, personal finance, news (business and financial related), politics, and pretty much everything else.
I want to and am working on getting debt free just like anyone else. But, One thing that I've noticed is that most people don't understand exactly how our system works. Banks don't loan money. They simply create it from debt. Despite the incredible wealth that exists. Almost all of us are in debt to bankers. Including most Billionaires. Money = Debt and without Debt there is no money.
ReplyDeleteBelow is a famous quote:
"That is what our money system is. If there is no debts in our money system, there wouldn't be any money." Marriner S. Eccles, Chairman and Governor of the Federal Reserve Board