PA is distinct in that it resembles the backcountry more than any other state in the New England area. there are two major population centers, one to the southeast, another to the west, and a smaller concentration in the northwest.
central PA, however, has very little popuation. normally the populace is concentrated in small town communities, with sparse population in between.
the result is that its rather perfect for microfinance. but that tactic could not possible work in places like hartford (5th highest crime rate for a city in the world) as the money would dissipate far too quickly.
The entire banking system by its nature creates money or I should say wealth out of thin air so it is not a new issue for cities or suburbs in the USA
banking creates money, true enough.
but they largely keep it for themselves. very few buisnesses are capable of paying off a bank loan while expanding, the result being that we have bigwig banking systems that are of little use except to get into credit card debt.
In short in countries like the USA debt=money
for the naive, yes.
you should NEVER go out on a buying spree with a credit card. thats lunacy, if you cant pay it in debit
DONT BUY IT.
Update: the following link has some very good information about the current real banking system in the USA and most other countries. WWW Link If you have couple hours I highly suggest watching the Money Masters. It really gets into details.
I'm aware fully of how banking works, thanks anyhow.
we're clogging the charity thread, how about we bring this to a different place?