Economics 101

WHAT CAUSES FINANCIAL DISASTERS?  IS IT BAD MANAGEMENT, BAD POLITICS, CORPORATE GREED?  NOPE, IT IS PERSONAL CREDIT. PERSONAL CREDIT CREATES FINANCIAL DISASTERS.  PERSONAL CREDIT CREATED THIS CURRENT FINANCIAL DISASTER. WHEN A 1800 SQ FT APARTMENT RENTS FOR THE SAME PRICE AS THE PAYMENTS FOR A  3000 SQ FT HOME SOMETHING IS DRASTRICALLY WRONG. PERSONAL CREDIT CREATES A SELLERS MARKET.  WHEN PEOPLE BUY ON CREDIT THE SELLER DICTATES THE PRICE.  THE RESULT IS IT TAKES TWO INCOMES TO AFFORD AN 1800 SQ FT APARTMENT.  THE FURNITURE, THE DECORATIONS THE DISHES THE HAND APPLIANCES AND SOMETIMES EVEN THE FOOD IS PURCHASED ON PERSONAL CREDIT.  THIS PERSONAL CREDIT IS ACTUALLY PERSONAL DEBT. THIS DEBT/CREDIT IS OFFERED BY CONSUMER FINANCIAL INSTITUTIONS, WHO SELL THE DEBT TO LARGE CORPORATE INSTITUTIONS, WHO DEPEND ON THE US DEPARTMENT OF TREASURY TO KEEP THEM FROM FAILING. WHEN YOU BUY A HOUSE ON CREDIT, YOU ARE SOLD THE LOAN OF THAT HOUSE BY A CONSUMER MORTGAGE COMPANY OR CONSUMER BANK.  THAT COMPANY THEN SELLS YOUR CONTRACT ALONG WITH HUNDREDS OF OTHERS TO LARGER COMPANIES, IN RETURN THE SMALLER LENDING COMPANY THEN SELLS MORE NEW CONSUMER LOANS.  AND THE CYCLE REPEATS ENDLESSLY. WHEN THE INDIVIDUAL DEFAULTS ON THE LOAN THE LOSS IS PASSED ON TO THE NEXT NEW CUSTOMER AS INCREASING INTEREST SO THAT THE ORIGINAL COMPANIES CAN KEEP SELLING CONSUMER LOANS. THE GREATEST IMPACT A PERSON OR INDIVIDUAL HOUSEHOLD CAN HAVE UPON THE ECONOMY IS TO LEARN HOW TO LIVE WITHOUT PERSONAL CREDIT.  WHEN THAT HAPPENS THE ECONOMY BECOMES A BUYERS MARKET AND THE BUYER THEN DICTATES THE PRICE.  THAT IS WHEN A 1800 SQ FT APPARTMENT WILL RENT FOR A THE FRACTION OF THE 3000 SQ FT HOUSE, WHICH IS WHAT IT IS REALLY WORTH. WHEN IT IS A BUYERS MARKET, BECAUSE INDIVIDUALS ARE LIVING WITHOUT PERSONAL CREDIT, THEN THE 3000 SQ FT HOUSE AND ITS INTEREST IS AT A LEVEL THAT IT GENUINLY IS WORTH. WHEN IT IS A BUYERS MARKET THE WORKER DETERMINES THE WAGE NOT THE CORPORATION, BECAUSE THE BUYER DETERMINES THE ACTUAL COST OF THE GOODS MADE AND SOLD. A BUYERS MARKET IS A HEALTHY ECONOMY BECAUSE THE CONSUMER CONTROLS THE MARKET NOT THE MARKET CONTROLLING THE CONSUMER. WHEN IT IS A BUYERS MARKET THE VALUE OF AN HOUR OF WORK PURCHASES MORE AT THE END OF THE DAY BECAUSE THE WORKER DETERMINES THE PRICE OF WHAT IS BOUGHT. IF YOU WANT TO HAVE MORE INFLUENCE OVER THE ECONOMICS OF YOUR COMMUNITY AND MORE POWER OVER THE VALUE OF YOUR LABOR THEN LEARN HOW TO LIVE WITHOUT PERSONAL CREDIT.