World News Trust World News Trust
World News Trust World News Trust
  • News Portal
  • All Content
    • Edited
      • News
      • Commentary
      • Analysis
      • Advisories
      • Source
    • Flatwire
  • Topics
    • Agriculture
    • Culture
      • Arts
      • Children
      • Education
      • Entertainment
      • Food and Hunger
      • Sports
    • Disasters
    • Economy
    • Energy
    • Environment
    • Government
    • Health
    • Media
    • Science
    • Spiritual
    • Technology
    • Transportation
    • War
  • Regions
    • Africa
    • Americas
      • North America
      • South America
    • Antarctica
    • Arctic
    • Asia
    • Australia/Oceania
    • Europe
    • Middle East
    • Oceans
      • Arctic Ocean
      • Atlantic Ocean
      • Indian Ocean
      • Pacific Ocean
      • Southern Ocean
    • Space
  • World Desk
    • Submit Content
  • About Us
  • Sign In/Out
  • Register
  • Site Map
  • Contact Us
  • Russia's War and the Global Economy | Nouriel Roubini
  • U.S. Considers Radical Rethinking Of Dollar For Today's Digital World | David Gura
  • Why is Israel Amending Its Open-Fire Policy?: Three Possible Answers | Ramzy Baroud
  • WATCH: Republican National Committee Abandons America
  • ‘Previously Unknown Massacres’: Why is Israel Allowed to Own Palestinian History? | Ramzy Baroud
  • The Revolt of the Imagination, Part One: Notes on Belbury Syndrome | John Michael Greer
  • Human gut bacteria have sex to share vitamin B12 | University of California - Riverside

Credit card rant gets results - Debtors Revolt Begins (thinkingblue)

More items by author
Categories
FlatWire | All Content | WNT FlatWire
Tool Bar
View Comments

Credit card rant gets results - Debtors Revolt Begins.

by thinkingblue

Digg this! Share this on Twitter - Credit card rant gets results - Debtors Revolt Begins. Tweet this submit to reddit Share This

Mon Oct 05, 2009 at 06:29:43 AM PDT

Credit card rant gets results - Debtors Revolt Begins.

  • thinkingblue's diary :: ::

Although, I do not relate to this woman's philosophical belief system... I CERTAINLY DO relate to her as a consumer. Most of us who have struggled with credit card debt and job losses know the frustrations of "climbing a greased pole". (A metaphor describing how, one can NEVER make it out of debt, no matter how they try.) The banks have been putting the screws to us for a long time. When I was a child, I would hear adults talking about LOAN SHARKS. I would watch TV stories of legs and arms being broken for non-payment by the so called LOAN SHARKS who charged exorbitant interest fees. I was glad to find out that this technique was illegal and our banking institutions could never resort to such tactics in order to coerce payment. As an adult, I learned there were legal procedures of torture that didn’t require physical bone breaking but were just as vexing. In modern day Capitalism, the torture is mental and longer lasting. Today’s banks use teaser loans to lure us in and once we are captured by their come-ons they pounce and raise the APR's so high, that there is no escape from debt. I salute this woman who didn't take it lying down! She sprung into action and threw a couple of punches back! thinkingblue.blogspot.com

PS: Corporations make their billions off our backs and then they use this money to screw us. WTF?

~~~~~~~~~~

ALAN GRAYSON - A VOICE OF REASON

Tags: debt, banks, politics, political, revolt, economy (all tags) :: Previous Tag Versions

back to top
  • Created
    Monday, October 05 2009
  • Last modified
    Wednesday, November 06 2013
  1. You are here:  
  2. Home
  3. All Content
  4. FlatWire
  5. Credit card rant gets results - Debtors Revolt Begins (thinkingblue)
Copyright © 2022 World News Trust. All Rights Reserved.
Joomla! is Free Software released under the GNU General Public License.