Taking matters into our own hands may be the only way to break free from the bonds of debt created by credit lenders.
Every kind of personal debt—whether medical, student, housing, or credit card—is now sold, securitized, and collateralized. As a result, overleveraged streams of interest and principal can end up anywhere, owned by rentiers many times removed from the original lender and the real underlying assets.
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Andrew Ross’s “Creditocracy” names the economic problem and points toward a solution: Creating an alternative economy that doesn't rely on the current debt-money system.