A vampire does not want to kill you. A vampire only wants your blood.
The same is true for the global banking system. They don't want to kill you or your debt, they just want to keep sipping interest off the top, and keep you just crippled enough that you can't get better but not so crippled that you die.
When you receive your credit card statement, it always says,"minimum payment due."
This minimum payment does not decrease your principle. All it does is take money from your pocket, partially pay your interest, and increase your balance. The reason the bank does not need you to reduce your balance is because the money they lent you was created out of thin air. The bank then collects interest on that money. Big bank or small bank, this is the world system of debt and credit in existence today.
In simpler terms, when a bank sends you a credit card, there is no money for that card.
But the moment you use your card to buy something for let's say $100, that $100 magically comes into existence. It did not exist before you used your card. The bank wants you to make minimum monthly payments but never pay off the debt. As long as you make minimum payments, that $100 principle increases, and they enjoy the interest you pay them.
When your debt becomes too high, the bank offers you a home equity loan so you can pay off your credit cards but not pay off your debt.
All they want is our cash flow, money they suck from us via our taxes, debt, inflation, and retirement plans.
This is not a time for blind hope. This is a time for financial education, new thinking, and great opportunities.
