No wonder some people in poor countries get so mad at us even while wanting to come here to live. Every day, all day long on our TV sets, we’re bombarded with food ads. MacDonalds, Burger King, Red Lobster Restaurants, beers, soft drinks, fried chicken, sandwiches, and if it isn’t that, it’s cars and car insurance and beauty products and drug-treatment centers for addicts, and drugs to give men erections. What a goddam bunch of hedonists we not only must seem like to the rest of the world, but which we actually are.
All that selfishness, all that excess, all that superficial, ego-tripping crap, all that fat food, all that demand to satisfy every urge and whim. All the millions and millions of dollars spent on advertising all that unneeded junk that people run out and buy because it’s the newest thing. No wonder we’ve become a nation of meth addicts, we’re all told to satisfy our desires constantly whether we can afford it or not while credit cards are handed out like after-dinner mints. Most people just can’t handle their finances, so they buy on credit and make minimum monthly payments, and then when they lose their jobs as so many millions of Americans have, all that stuff they owe money on gets repossessed.
Easy credit is a bad thing. I’ll tell you a quick little story. Last year I bid on some land parcels in an online land auction and won 3 of them for next to nothing. I’d had to post a credit card number to bid. After the auction ended, the listings were changed to add a $500 charge to each parcel, and a $300 charge if you didn’t pay for the parcel. In other words, the auction was a scam, a fraud. I called the credit card company and notified them of this scam and directed them to NOT PAY. But they said, Oh yes, we’re going to pay them and you will pay us. So I simply cut up the card, paid off the legitimate charges I’d made on it and refused to pay the $900 in phony charges.
They sent me bills for 3 months and then quit, and of course my credit rating dropped by about 150 points. So what happened next? A whole bunch of credit card offers came in, all wanting me to accept their credit cards. I guess since my credit rating dipped down so low they figured I needed more cards to bring my rating back up. It does, you know. The more credit cards you have, the higher your credit rating. With a credit system this lenient, a person without a job could easily run up $100,000 or more in credit debt before he was finally cut off.
I could rant on about this a lot more, but the point is plain, we’re really on a bad road. Our government has us $19 Trillion in debt now and we have ourselves about as deeply in personal debt. We’re all caught up in a gigantic Ponzi scheme, where we borrow from Peter to pay Paul. When Peter finally runs out of money, the whole thing will come crashing down.