Forum Post: "Peak Debt Crisis" created by the Banksters and Wal Street
Posted 12 years ago on Oct. 11, 2011, 12:49 p.m. EST by MadMavenNYC
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Since about 1980 this debt based fake economy has been a bubble of consumer credit spending that shored up the standard of living for the middle class without any real improvement in incomes. The middle class was tricked into sustaining a decent life with debt and not any real income improvement. We have a deeply rooted systemic dependency on credit debt that was unsustainable. This is the end of that and the middle class are left holding the empty bag...
Obamas' 2012 Re-election Director of Finance is the son of Bank Of Americas former CEO, Chad Gifford.... one of the guys responsible for the current economic situation, but he got his huge piece of the pie., keeping it all in the family