15 November 2008

Bank Socialism

Bank ownership of property

Do you own your house that you pay mortgage on? No the bank owns it

Do you own your car that you make payments on? No the bank owns it

Do you own the items you purchased on your credit card that is not payed off. no the bank owns it

Our credit based economy has turned us into a form of socialism
Where the means of production and distribution are controlled by the banks.
With the option for private ownership or the option for state ownership.

Are we really living in a capitalist society?

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