Overflight, 63

“The president of New York's Bowery Savings Bank said that teaching the young to spend on credit «is something like teaching the young to use narcotics.»”
Vance Packard, The Waste Makers, also as quoted in Serge Latouche, Breakdown Guaranteed. The reasons for planned obsolescence

“Mankind is burning itself out in chasing a value which is already its own, but alas it has been hidden, privatised, and debited to its legitimate owner, mankind indeed, by a small elite of bankers.”
Daniele Pace, The Utopian Money

“By 1698, the British Treasury owed 16 million pounds sterling to the Bank of England. By 1815, principally due to the compounding of interest, the debt had risen to 885 million pounds sterling.”
“… the Federal Reserve System is not Federal; it has no reserves; and it is not a system at all, but rather, a criminal syndicate. From November, 1910, when the conspirators met on Jekyll Island, Georgia, to the present time, the machinations of the Federal Reserve bankers have been shrouded in secrecy. Today, that secrecy has cost the American people a three trillion dollar debt, with annual interest payments to these bankers amounting to some three hundred billion dollars per year, sums which stagger the imagination, and which in themselves are ultimately unpayable. Officials of the Federal Reserve System routinely issue remonstrances to the public, much as the Hindu fakir pipes an insistent tune to the dazed cobra which sways its head before him, not to resolve the situation, but to prevent it from striking him.”
Eustace Mullins, The Secrets of the Federal Reserve, The London Connection