It is a sad truth that life comes with no manual to follow
One cause of the credit quagmire in which we now wallow
Religion we are told is supposed to show us the path
But, it controls minds. Often it seeks money or wrath
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Great expose of credit card companies and banks! And how greed, politics and religion keep people under their thumbs. Very tragic to witness the wealth of Vatican City versus all of the poverty in the world!
Great. simply astonishing and so very well written, correct and complete. You have managed in just a few great stanzas to rightly communicate the history of bad governance, how they fool us and lie and practice deceit, together with other economic allies in order to control and cheat.
3. The simple rule of credit is "You ask credit, I no give, you get mad./ I give credit, you no pay, I get mad. Better you get mad! "
3. We need to learn to throw away all credit cards and live within our income. If we do, credit squeeze will not affect us.
But, I think you have taken currency for real money. It is true, all governments print paper currency without any underlying assets. This creates unbridled inflation, causing'misery' for common man.
Sorry. I replied to you but it did not get recorded. I currency as we know it is fiat and it is true, it does cause a lot of misery for anyone caught up in the system.
2) Interestingly enough, payday loan companies DON'T make the bulk of their profits from marginal borrowers. I used to have a client who was the owner of several of these companies here and abroad attest to that fact. Both my boss and I were shocked to hear what he had to say!
This indicates that times must be very tough for everyone. Unfortunately, I think we are headed for a currency crises. We will hear about it one morning when we wake up to find that we will have a bank holiday for one or two weeks. I hope I am wrong, but it has all happened before in other places.