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Showing posts with label financial institution. Show all posts
Showing posts with label financial institution. Show all posts

Monday, December 13, 2010

Why We Are Poor: Late Fees

Fees Paid by Poor People


The Credit System is a Ponzi Scheme
We are in an economic depression.  nearly a quarter of the U.S. population is unemployed or out of work.*  I make a distinction between those two words, because the U.S. government also makes a distinction between the two words.  To the common man, out of work and unemployed means the same thing, but not so to the government.  To the government, unemployed means that you were recently employed and are capable of receiving unemployment insurance payments and that you will soon return to work.  All three of those stipulations must be met for you to be called unemployed.  And, that is how they can completely ignore the fact that we are in a depression.  Calling what we are in a "depression", in the government eyes, might provoke nationwide riots.  They want to avoid this because if the entire nation rioted then the outcome might just be we would throw them out of power, and they do not want that.  The reality is though we are in a depression.*