Do you remember a time when your credit worthiness was judged not on some arbitrary figure but on your dependability as a person?
Today major credit reporting companies have a substantial effect on the interest rates we pay, where we can live, and sometimes even what kinds of jobs we are offered.
But do we really understand the underlying forces at play when it comes to the flow of credit and why credit reporting has become such an issue in the United States?
Interest rates are set and controlled by the Federal Reserve Bank.
The Federal Reserve Bank is a privately owned central bank that controls almost every aspect of our economy.
Shareholders of the Fed are the primary beneficiaries of the activities that occur through the actions of the Federal Reserve.
The shareholders are the richest people on earth and set on developing a New World Order which they will control.
And this is dangerous, because all of our current financial mess can be traced back to the actions of the Federal Reserve.
All you have to do is look carefully and critically at our financial underpinnings.
Because the Fed is the only institution that controls interest rates, major credit reporting companies have come into play in determining the credit-worthiness of individuals when financial institutions are considering offering a person credit.
The lower your credit score, the more interest you pay for credit cards, home loans, and other financial transactions.
And with every financial transaction, the Fed shareholders gain profits. So the more you are charged for your financial transactions, including the use of credit, the more you actually pay the wealthy and, ultimately corrupt, shareholders of the Federal Reserve.
What many Americans fail to understand is the role between major credit reporting companies and the Federal Reserve Bank.
In simple terms, if you have poor credit, you will help the shareholders of the Federal Reserve in making profits. It is in their best interest to keep you up to your eyeballs in debt.
Of course, the Federal Reserve holds a monopoly over the entire financial system, so no matter what your credit score you help them make profits, if you participate at all in the financial system and it is virtually impossible to survive without doing so.
Here is how it works
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