IGX

This is a new book about the recent economic troubles that I picked up just because I liked the title.

The basic premise of it is that this entire country is set up so that everyone (govt, banks, big business) is trying to take your money at all times. I know this isn't exactly a news flash, but he also goes into depth on the recent meltdown and how Obama is no different than Bush when it comes to Wall St.

He basically rips into FSPs (financially stupid people) and blames them for the depression since they have gotten a free pass from the media. (With all of their stories on 'evil bankers' and politicians etc...)

At 200 pages, it's a quick read but I really enjoyed it.

http://www.amazon.com/Financially-Stupi ... 139&sr=8-1

Amazon.com Review
Product Description
If you don't actively resist America's culture of debt, you'll end up precisely where the government, banks, and big business want you to be: indentured servitude. The mistakes people make with their money are basic, and avoidable, and unless you understand what they are, you're probably going to repeat them. What you need is someone who can shed light on the obstacles we face and show you how to avoid getting tripped up by them.
Financially Stupid People Are Everywhere shows how society is rigged to take as much of your wealth as possible, and simple ways you can resist. It investigates, explains, and offers advice for all those who have fallen into debt, taken a second mortgage, been trapped by credit cards, or found themselves unable to get ahead.

Discusses what you can do to stop the destructive cycle of borrowing and spending
Illustrates the four major tenets of getting money right
Highlights how to avoid the many ways that government, banks, and big business try to trap you with debt
To secure your financial future, you must break the dangerous cycle of borrowing and spending, and learn how to guard your wealth against corporate ploys. Financially Stupid People Are Everywhere leads you down the only proven path to financial freedom.

How to Break Free from America's Financial Chokehold
Amazon-exclusive content from author Jason Kelly

• Understand why it's so hard to escape financial servitude in America. You're up against a money-sucking culture that's been built through one hundred years of collusion between government, banks, and big business.

• See how that cabal has set financial traps almost everywhere you turn in daily life. From slippery credit card contracts to bad bank deals to pervasive advertising to the redirecting of your tax dollars into corporate crony coffers, they're out to fleece you every day in every way.

• Notice how many of the items you're told to buy are depreciating trifles, and how strongly you're encouraged to buy them with debt. That's no coincidence. Once they get most people on the treadmill, they keep them there for life.

• Know that to the ruling class of America, you're nothing but a lifetime income to be divvied up. They care not a whit about helping you achieve the "American dream," which is available only to those who see through the financial flimflammery.

• Read this book to finally see through that flimflammery. Get the truth into your bloodstream so you recognize the American economy for what it really is: a vehicle to transfer money from the financially stupid people to the financially smart people.

• Grasp how the system works against you so you know the ways to counteract it. Memorize this book's First Rule of Finance and guard against the three Cs, the serial killers of financial lives. This book clearly identifies those three Cs and provides you with a bullet-proof plan to defeat them.

• Your whole life comes down to how you answer one question: Will I live in debt or will I live free? Read this book, and live free.

Of course intellectuals like Peach and Pinky will tell you how debt is used as leverage or some shit like they babbled to me several years ago.

My wife and I have lived without a credit card balance for 4 years. The only debt we have is one car and 50% on our house. We're working on those but at least that debt has collateral and is not upside-down