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xchrom

(108,903 posts)
8. Our Economy Wants You to Be In Debt—5 Things You Can Do to Take Charge
Fri May 23, 2014, 06:41 AM
May 2014
https://www.commondreams.org/view/2014/05/22-4



Last month PM Press published the Debt Resisters' Operations Manual —also known as “the DROM.” But don’t let that menacing-sounding acronym fool you: this is a book written in plain English and filled with tips and tactics for dealing with debt.

The book has been available online since September 2012, but this publishing marks the first time the manual has been printed, bound, and sold. Don't worry, you can still find a free copy online. But, hopefully, getting this book into stores will help its message reach more people—however ironic it might seem to buy one with a credit card."Everyone is a debtor so there’s no limit to the audience" said Andrew Ross, a member of the Occupy Wall Street offshoot called Strike Debt, in aninterview with Guernica Magazine. Although Ross has gone public, most of the authors of the Debt Resister's Operations Manual have chosen to remain anonymous.

The book explains how creditors, big banks, and other lenders operate and how debtors can navigate both in and outside of the system.

"From a young age, we are conditioned to feel that being in debt is shameful and worthy of punishment," the manual's anonymous authors explain.

Debtors shouldn’t feel that way, the DROM argues, because the situation is largely unfair and out of their control. "The reason you have tens of thousands of dollars in medical bills is that we don't provide medical care to everyone," the authors write. "The reason you have tens of thousands of dollars of student loans is because the government, banks, and university administrators [are] … driving college costs through the roof."
Transition team? Transition team? Tansy_Gold May 2014 #1
I think they skipped the transition Demeter May 2014 #2
+1 kickysnana May 2014 #6
Laura Berman: 'Dark money' forces seek to sway Detroit bankruptcy Demeter May 2014 #3
Jamie Dimon Rides to the Rescue in Motor City Demeter May 2014 #4
Michigan House approves Detroit bankruptcy bills Demeter May 2014 #5
Detroit: the bankrupt city turned corporate luxury brand Demeter May 2014 #10
Jamie Dimon’s sinister P.R. ploy: What’s really behind JPMorgan’s Detroit investment Demeter May 2014 #20
Koch brothers’ Detroit abomination: Stunning avarice and cruelty reaches new low xchrom May 2014 #7
Our Economy Wants You to Be In Debt—5 Things You Can Do to Take Charge xchrom May 2014 #8
I've been debt free for some time now..... AnneD May 2014 #32
More Nostalgia Funnies (because nothing presently is even remotely humorous) Demeter May 2014 #9
What is the New Populism? xchrom May 2014 #11
Euro Slides on Germany as Spain Bonds Rise With Metals xchrom May 2014 #12
Barclays Fined $44 Million for London Gold Fix Failings xchrom May 2014 #13
Cocaine Sales to Boost Italian GDP in Boon for Budget xchrom May 2014 #14
Somebody has officially lost his mind Demeter May 2014 #18
Russia Sanction Naysayers Collect $90 Billion: Chart of the Day xchrom May 2014 #15
Has America’s Use of Finance as a Foreign Policy Tool Backfired? Demeter May 2014 #16
Problem is we have not been using it as a tool we have used it as a weapon. kickysnana May 2014 #40
And the self-inflicted wounds are going to kill us long before they bother the rest of world Demeter May 2014 #41
Spanish Reap Growth Reward as Italy Hurt by Selloff: Euro Credit xchrom May 2014 #17
California’s $68 Billion Train Seeks Bond Sale Approval xchrom May 2014 #19
German Domestic Demand Reliance Shows Uneven EU Recovery xchrom May 2014 #21
You know, I wasn't paying particular attention and another Weekend Snuck Up on Me! Demeter May 2014 #22
I have become addicted to AnneD May 2014 #33
Australia Sounds Intriguing Demeter May 2014 #34
No Recovery for Workers in the Middle xchrom May 2014 #23
Hedge Funds Clash With Wall Street Bankers in Argentina xchrom May 2014 #24
FITCH RATINGS AGENCY UPGRADES GREECE 1 NOTCH xchrom May 2014 #25
GERMAN LAWMAKERS BACK EARLY RETIREMENT PLAN xchrom May 2014 #26
S&P RAISES SPAIN CREDIT RATING AS ECONOMY IMPROVES xchrom May 2014 #27
Unemployment rate in Spain is 25% DemReadingDU May 2014 #30
Timothy Geithner's Memoir Is One Big Coverup For His Own Colossal Failures Demeter May 2014 #28
MONEY QUOTE Demeter May 2014 #29
NYSE Margin Debt Declined Again in April; Leading Indicator for a Market Correction? DemReadingDU May 2014 #31
OMG, Marketeers... pigs must be flying...check out this Harvard Business Review article antigop May 2014 #35
Giving that article the NSS Award--My First Such Recognition! Demeter May 2014 #36
NSS Award DemReadingDU May 2014 #37
pssst! Demeter May 2014 #38
yes, we all knew it...but it's in the Harvard Business Review nt antigop May 2014 #39
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