| The
purpose of DebtJustice.net is credit card
debt elimination information.
I am interested in the possibility of
Credit Card Debt Elimination
when facing excessive unsecured debt. By
reading and researching the
information on this site, it is my hope
that you will feel comfortable
with the thought of debt elimination over
Consolidation, Bankruptcy,
Negotiation or Debt Counseling. The
process by which money is created
and credit is issued in this country is of
little knowledge to the
average consumer; but isn’t the average
consumer financing this country’s
economic survival? Take the time to learn
what mainstream media will
never tell you and feel empowered to take
back your financial freedom
through education and knowledge.
Yours
in Discovery,
-Rich Schrader
“It
is well enough that the people of the
nation do not understand our
banking and monetary system, for if they
did, I believe there would
be a revolution before tomorrow
morning.”
“The
one aim of these financiers is world
control by the creation of
inextinguishable
debts.”
— Henry
Ford, founder of the Ford
Motor Company
"The
world economy is leveraged to the U.S.
consumer. And the U.S. consumer
is leveraged to the hilt."
—
CNNMoney.com
Consumer Debt Statisics
- The Federal
Reserve reported in January that U.S.
consumer debt had finally
topped $2 trillion.
- This has
prompted more than one economist to
compare the explosion in consumer
debt as "alarming,"
comparing it to the stock bubble
of the late 1990's.
- Consumer
debt now costs the average household
nearly $2,000 a year in finance
charges and fees.
- Total credit
card and car loan debt, (excluding
mortgages,) translates into
an average debt load per U.S.
household of $18,700.
- Outstanding
consumer credit, (including mortgage
and auto loans) reached $9.3
trillion in 2003, representing a $2
trillion increase in less
than 36 months.
- According
to the Federal Reserve, household debt
for renters—as a
percentage of total
assets—reached a historic high and exceeded
28 percent in the second quarter of
2003.
- American
consumers now spend a record 18.1
percent of after-tax income
just to cover existing debts.
Federal-Reserve-Statistics
DISCLAIMER –
The information contained on this
website is NOT to be considered
legal or financial advice. The
information presented is for educational
purposes ONLY. Furthermore, it is not
intended to lead you to any
particular course of action. It is
recomended that each person do
their own due diligence and consult with
their CPA or attorney to
determine what, if any action, can or
may be taken. Every citizen
should do their best to know their
rights and use the laws correctly.
Any actions you may take as a direct
result of your discoveries
obtained from this site are and will be
of your own free will. back
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