Sunday, August 10, 2008

In Debt? The New York Times Has a Suggestion For You

It certainly will clear up a lot of problems, while making banks and lawyers rich!!!!

I know it is not 'intentional," but why float the
idea at all?

Can't they cover the war in Iraq, Turkey's operations against Kurdistan, or a bevy of other items from the region?

No, we get more NWO, agenda-promoting prop
:

"Reach of credit cards widens outside US" by Mark Landler, New York Times News Service | August 10, 2008

ISTANBUL - In Turkey, where borrowing money was until very recently a family affair, being in debt carried a fearful stigma. Some here even likened it to the disgrace that drives people to commit the honor killings that still occur in parts of this society.

"People who would kill their sisters or daughters for bringing shame on the family would do anything to avoid being labeled a debtor," said Nazim Kaya, the president of Consumers Union, an advocacy group that helps those who fall into debt.

But in a cultural shift that has swept aside centuries of tradition, credit cards have become commonplace here. Only three decades ago, Turkey had fewer than 10,000 cards; today it has more than 38 million.

As the American blessing of credit cards became widespread, so did the American curse of debt.

And the papers are worried about Turkey being to "Islamic?"

Well, they can forget that idea; the Jew banks have already destroyed any vestige of that.

Outstanding card debt here ballooned to nearly $18 billion last year, six times the level five years earlier. Default rates spiked, and consumer groups protested sky-high interest charges. Newspapers were filled with stories of desperate card holders killing themselves or others.

I would expect this to begin happening in America -- if it hasn't already.

MSM covering up?

In 2006, a fierce outcry prompted Turkey to pass a law clamping down on credit card marketers. "We did not listen to our ancestors' proverb," Kaya said. " 'Stretch your leg only as far as your blanket.' "

Few American exports have proved as popular as credit cards. In just a generation, they have gone from a totem of Western affluence to an everyday accessory in Brazil, Mexico, India, China, South Korea, and elsewhere.

Why do I get the stench of the Anti Christ at this point?

This global shopping spree has turned Visa and MasterCard into Wall Street wonders: Visa completed the largest stock offering in American history in March, and MasterCard's shares have risen almost 500 percent since the company went public in 2006.

Their real opportunities for higher profits lie abroad. The card issuers make their money by collecting a fee on each card and a tiny percentage on purchases. In Asia, Latin America, and Central Europe, card transaction volume is rising 20 percent to 30 percent a year, more than twice the growth rate in the United States.

Translation: Credit companies are CLEANING UP -- cha-CHING!!!!

But when credit cards are handed out to unsophisticated consumers - as they often are in shopping malls, factories, and university campuses in middle-income developing countries - they can pile up debts that can take years to pay off, if they ever are.

Hey, that's the usury system imposed by our banking controllers, so watch it!!!

And how about that RANK ELITISM, huh?

I'd expect nothing less from the Zionist MSM at this point!

--more--"