Debt Collectors Invade Hospitals

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We are Trapped in a Deceptive Web of Debt Slavery

The Banking System, Itself, is the ROOT CAUSE of Money System Instability

by Paul Grignon 

'In this article, I set out in words the argument that I present in Money as Debt II - Promises Unleashed. I claim that the design of the banking system itself necessarily creates an ongoing shortage of Principal that results in INSTABILITY and potential COLLAPSE of the system in the absence of PERPETUAL DEBT GROWTH. I claim that this occurs, even in the theoretical case of a COMPLETE ABSENCE of INTEREST and with ALL PAYMENTS BEING MADE in full and on time.'

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Debtor's Revolution: Are Debt Strikes Another Possible Tactic in the Fight Against the Big Banks?

'Steven Katz, founder of Debtorboards.com, recently explained to Mother Jones how he's evaded paying $80,000 in credit card debt. His Web site informs debtors of ways they can fight back against the banks; everything from filing suit against collection agencies to shielding your assets from seizure—and it has more than 10,000 members. A woman recently posted a video to YouTube (which thus far has over 500,000 views) calling for a debtor's revolution.

“Had you left me alone I would have continued to make my payments in good faith,” she says, but the hike in her interest rate to 30 percent has changed her mind. 

DEBTORS REVOLT BEGINS NOW!  

“There is power in numbers,” she notes, and that's where the idea of an organized strike comes in. One person can be hounded, harassed, and scared into submission, but when enough of them work together, could the banks be pressed into backing down?'

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