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RE: US Household Debt Now Exceeds Pre-2008 Credit Bubble/Market Crash Levels. By Gregory Mannarino

in #money8 years ago

Yep outrageous that they'd be targeting young people like that. As we're all aware it is a form of slavery....

Now, I'm not completely condemning debt entirely, after all most of us wouldn't be living in a house without it or able to pay for unforeseen repairs. However, it's about being able to manage it and having a plan as to how it's going to be paid back. This is something which younger people may find more difficult.

The whole idea of having to pay interest on the debt is the biggest scam of all though. How can money created out of thin air have interested added to it?