Whenever I think about how the Federal Reserve and credit card companies work it hella reminds me of the old Dire Straights song "Money for Nothing". What I get from the song is that its about a band being encouraged (by Satan?) to sell-out artistic talent and not be concerned with a feeling of cheapening ones self when the end result is a shitload of money.
"Hell, doing albums of crappy pop music your producer selects - its money for nothing and chicks for free."
The true cost however, is overlooked.
That's what brings me back to my point. We are like that band man. The money we spend in our "low inflationary" period we are in now is like money for nothing. But there is a cost, and the cost is in freedom - and a stable economy for future generations.
If you have been burned by the credit cards you got in your 20s with a 25% interest rate you are still paying on 10 years later you know - Nothing is free.
So do you think that the $2,000.00 you spent then is fair and proportional to the amount borrowed. That would be $500.00 a year if you kept the balance the same. How many days at work does that $500.00 represent to you after the taxes are taken out? How much disposable income do you have after paying bills? What did Chase Manhattan do to earn that money? The cost of doing business with a shark is to bleed. They get money for nothing - from the so called luxury of providing you money to buy cheap slave labor Chinese crap [link] [link] [link] to maintain the economy to offset the delcine of the worth of the US Dollar.
Who is doing whom a favor?
There is this whole other thing of course that produces money out of thin air called Fractional Reserve banking [link]. The racket is mind blowing when you understand what it is!