It has ominously been called “the Creature” and there is good reason for it to be called by that name. It is the Federal Reserve and banking system and you had better learn about it if you intend to survive financially. In his book the Creature from Jekyll Island, G. Edward Griffin describes the long-term plans of the [tag]bank[/tag]s and the [tag]Federal Reserve[/tag]. The plan has been running full speed ahead since the Federal Reserve System was founded in 1913 and it shows no signs of slowing down. In fact, it is picking up momentum.

Here are some recent statistics on [tag]consumer debt[/tag] in the US.

• Making the minimum payment on a $4,800 balance (average balance of U.S. cardholders) at the average annual 17% interest rate, it would take you 39 years and seven months to pay off. You would pay $10,818.63 in interest alone, and a total of $15,619 for the privilege of charging the $4,800!
• On average the typical [tag]credit card[/tag] purchase is 112% higher than if using [tag]cash[/tag].
• A 1992 Federal Reserve study showed that 43% of U.S. families spent more than they earned.
• According to the National Association of Realtors the average homeowner stays in their home for 7.1 years (1993 statistic). With an 8% [tag]mortgage[/tag], they will sell their home still owing over 90% on their mortgage. If they were to continue this trend they would NEVER pay off a mortgage in their lifetime!
• An $8,000 debt at a rate of 18% [tag]interest[/tag] will take you over 25 years to repay and cost you over $24,000 in the long run.

Had enough? The banks and [tag]credit card[/tag] companies have a plan for you – and you won’t like it. Their plan is get you started on the road to permanent debt when you are young and to keep you on that road for the rest of your life.

How can you escape their little world of debtor’s hell? There is only one way. You need to have a better plan than they do.

Do you remember the old saying attributed to Abraham Lincoln? “You can fool some the people all of the time and all of the people some of the time, but you can’t fool all of the people all of the time.”

The banks are out to disprove that. They have set up a system that almost anyone can fail at – and most will. Even the best payers have been tripped up by the arcane rules and [tag]regulations[/tag] created by the banks and credit card [tag]lenders[/tag]. The rules are designed that way – they generate millions of dollars in [tag]fees[/tag] and penalties. And that make the bank’s plan to deceive you into a lifetime of debt very complicated – and VERY hard to avoid.

But the solution can be very simple. Not easy – but simple. That’s because we are not trying to “fool all of the people all of the time.” We are not trying to deceive anyone. So our plan to escape their plan can be both simple and elegant.

If you are caught in the web of debt arranged by the banks for their benefit, you need to have a look at the website [tag]12 Steps to Debt-Free Living[/tag]. Start planning your escape today and before you know it, you could be enjoying the [tag]Debt-Free[/tag] life.