John Smith wrote:
It has enslaved people to debt for the last 40 years here, at least. As
the public servants, wall street, banksters, federal reserve, etc. have
become more corrupt and unethical, they have abused the ability of the
flawed debt system to extract ever increasing "productivity" (read
slavery here) out of those living under the system.
You fail to understand the meaning of "slavery"
Slavery is forced servitude.
People are not forced to go into debt
The huge debt binge in the US (and Europe)
in the last couple of decades
was because people believed that borrowing
was the road to riches
borrowing because you believe that the assets will
grow in value faster than the interest cost
If the theory is valid the more you borrow the more you make
Today after the fall of value in housing, pension and stock
most of the public no longer believes that theory
the only ones still operating under that theory today are
the ones borrowing to buy gold and other commodities
that are perceived to be rapidly increasing in price
When those bubbles pop there will be darn few left willing
to borrow as a means of winning the lottery
-jim
You only need your eyes and a full appraisal/analysis of where we are
now to realize that, no obfuscation necessary!
Regards,
JS