What is the result? A country that goes deeper into debt. The former Senator of Wyoming ends by saying, "Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt is the money of slaves." Source: Senator alan simpson: future Entitlement Problems Haven’t Gone Away – Only a Crisis Will Force.
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Canadian debt slaves are really plain vanilla compared to Australian debt slaves. In Oz, over 50% of Interest Only loans can’t transition to Principal + Interest so these people became proper debt slaves as they will be paying interest to the banks for ever.
Most Americans Are Slaves And They Don’t Even Know It. by Tyler Durden.. all credit card debt and all student loan debt, the average American household is carrying a grand total of 203,163 dollars of debt.. a state and a national level.
Re: Canadian Debt Slaves. I work up in Canada on a frequent basis and am always surprised by the houses and cars and toys the Canadians have vs. the advertised income they have. I asked a US friend who was up their full time and married to a Canadian woman how they pulled it off. He said the underground economy is big.
Debt slavery is destroying millions of lives all across this country, and it is imperative that we educate the American people about the dangers of all this debt. The following are 30 facts about debt in America that will absolutely blow your mind..
Scandinavian nations have high productivity with high taxes with large debt burdens to borrow against to put towards the welfare state. They get the .new back through slaving away the populating and taking away most thier money. Plus thesee places do have lots of leverage in various debt assets via the State.
A fundamental aspect of THE AMERICAN WAY OF LIFE is chronic indebtedness. Most Americans save very little and are deeply in debt. We have in effect become DEBT SLAVES in that we are working to either pay taxes or pay off notes, mortgages, credit cards, charge accounts and other debts.
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