By builderofcastles on Skatehive
If we knew how much mortgages cost us, there wouldn't be a bank left standing tomorrow. But we don't, we just take them as normal. The more educated people will say that it costs 3x the price of the house, the material, the labor used to create it. Three times, the money given to the bank, who brought no materials and no labor to its construction. However, although this is ABSOLUTELY true, the destruction the mortgage has wroght is way more than that. We could more easily talk about how much extra the CC is costing us when we use it to buy our food or pay for gasoline. But its destruction is all pervasive, at least it does provide some benefit to the user and the store. If it was just about debt (debt being slavery) that could be managed. It could be paid off. However, that is only one attack. There are three or more attacks on your, and your community, and you world's survival. It is really bad. Ingeniously evil. The lowly Credit Card… of doooooom! CCs cost you high interest rates (if