In Debt We Trust
In Debt We Trust shows how the mall replaced the factory as America’s dominant economic engine and how big banks and credit card companies buy our Congress and drive us into what a former major bank economist calls modern serfdom.
Americans and our government owe trillions in consumer debt and the national debt, a large amount of it to big banks and billions to Communist China. EXPERTS AGREE: A top government official compares the US today to Rome before its fall and warns that the bubble could burst.
A former prosecutor says that many of these loans are worst than mafia loan-sharking practices. An ex-credit card executive explains how advertising campaigns are deliberately deceptive and misleading.
ROBIN HOOD OR ROBBING THE HOOD: A real estate expert reports that tens of billions of dollars, are being transferred from the pockets of the poor into the vaults of big banks which use front groups and subsidiaries to camouflage their association with rip-off loans charging exorbitant interest rates.
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