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I'm pretty up on it. I'd say that I get about 80% of it, basically the stuff I need to know.
When I was a boy, my parents sat me down and explained the credit system to me. I thought the world had gone mad. People spending money that they don't have, only to pay back even more to those that they borrowed from? And banks only need to keep like 10% of the money put into them?!
I still think it's the biggest problem with the whole monitory system and economy. Being able to spend that which you do not have is enabling unrealistic budgets and is creating indentured servitude and impossible-to-break dependence. My grandfather taught me to always live below my means and I think it's the best advice I've ever been given. I'm sorry that everyone else wasn't provided with such a powerful lesson.
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