The manner in which we have destroyed our economy is astounding. We are so far from understanding and correcting our massive fuck ups that even this current obliteration of our ways has not brought up the discussion that needs to be had: Our usury laws are insane. Our usury laws drove us into debt, sped up the loss of our manufacturing base and have directly led to the murder of the middle class. And it’s only going to get worse. The looming credit card crisis will be the next shoe to drop and with deflation a serious threat, shockingly heinous and fluctuating interest rates will make it impossible for many to get by. Even ancient Babylon had laws against the shit we allow lenders to get away with.

Quite a few successful ancient empires considered usury to be worse than murder and it was punished accordingly. We, because we are an incredibly wise country, decided to toss out centuries of law and tradition. First in the early 1900’s, we began to gut our usury laws and then under Jimmy Carter they were fully disemboweled. It’s not like we didn’t have a time period to look back on and see what would happen.

Slavery. Totally different from working endless hours at a job just to pay back a bank. Well, I say pay back a bank, but the amount borrowed has already been paid off tenfold. In reality, the average Joe in debt is paying off interest and more interest and more interest. It’s debt slavery and America is kicking ass.

What Hammurabi and Ezekiel knew, Americans certainly do not. It’s pretty simple. If you create a debt society by allowing insane interest rates, capital is removed from manufacturing and small business. It all gets pumped into the banks and everything is then out of balance. And it’s not just the money, the top minds head into the financial world, spurning the areas where society needs them, like manufacturing. Eventually it all collapses on itself. Welcome to America.

America has become a bunch of clowns scraping by to pay off the financial sector. We are waiters, Wal-mart workers, gas station attendants and Starbucks coffee makers, but overall, the “Financial services sector” employs most Americans directly or indirectly. We have a society built on loans. We are eating ourselves. First we started with our hands, then our arms, our legs and now we are getting into the organs. I just ate my kidneys. Not bad, I suggest grilling.

Now that we have gotten rid of laborers and turned unions into our society’s villains, we are obviously much better off. In 2002 and 2003, the financial sector took in more than "40% of the profits that accrued to US corporations." That’s good right? In 1988 it was half that – because interest rates were relatively normal. Then came the 90's, when every business got into the business of loans. GM wasn’t a car company, it was a financial business that sold cars as a side project. As the financial sector swelled like a fat, sucking tic, our trade deficit exploded. That’s what happens when you stop making shit because profits are better loaning money to the people who used to have jobs making shit. Sadly, Americans did it to themselves by going into debt, little by little, until it was overwhelming. I just devoured my intestines. Not bad with a little balsamic.

The '70s are when we decided to toss our usury laws aside and rape each other at will. The big case that turned everything upside down was Marquette National Bank v. First of Omaha Service Corp. in 1978. Before that horrible Supreme Court decision, states could set their own interest rate caps. The court ruled that banks could set their rates based on the state “where the bank is located.” No mas. Good bye interest rates under 10%. It was the wild west as far as credit card companies were concerned and we were all victims about to be fed to the pigs in Deadwood.

The awesome thing about high interest rates is it allowed banks to take more risks on lenders. Since they were now charging huge interest rates, they could afford to loan to every hobo in the land. The insane amount of profits would make up for the defaults by the sad sacks would couldn’t make their payments. We’ve actually reached a point now where customers who pay off their cards every month are having their cards cancelled. Good is bad, bad is good and America is a giant pile of shit. I just ate my liver. Boiled it. Don’t recommend that.

The bestest thing of all is how the banks weren’t satisfied with insane interest rates that would have led to their execution back in the day. No, they also had to go with huge overdraft fees, ATM fees, transfer fees, and on and on. And we let them. We did so because we were using credit to get by and in our new mindset of stupidity, getting reamed is how it was done. Fortunately, the banks didn’t keep any of this money in reserve, they kept it flowing and “working,” so when the crisis hit, they had to ask the people they had been bending over a log and raping for a bailout. Thankfully, it’s all legal. I just gobbled up my lungs. Used a straw.

The only way out of this mess is to look at our usury laws again. Interest rates need to be capped at 9%. There is no other way out of this mess. Meanwhile, your president and his Wall Street douchebags/economic gurus, Tim Geithner and Larry Summers, ARE THE PROBLEM. They were and are part of the machine. They will never take such obvious and drastic action because they came up during the heinous period of whatever goes. They know no other way.

So, it’s time to take out the heart and fry it up in a pan with some butter. We’re fucked.

Next week, I’ll cover payday loans, which is actually 100 times worse than credit cards.

FearTheReaper is a writer, actor and stand up comedian. Check back each Tuesday and Friday for more from FearTheReaper