© The Economic Collapse Blog
If you went out and took a poll of the American people on July 4th (Independence Day) and asked them if they are free, what would the results look like? Of course the results would be overwhelmingly lopsided. Most Americans believe that they live in "the land of the free" and that they are not enslaved to anyone. But is that really the case?
Slavery does not always have to involve whips and shackles. There are many other forms of slavery. One
dictionary definition of a slave is "one that is completely subservient to a dominating influence". I really like that definition. Today, millions of Americans are slaves of the system and they don't even realize it.
Debt is a form of slavery, and millions of Americans having become deeply enslaved to our debt-based financial system. When someone enslaves someone else, the goal of the master is to reap a benefit out of the slave. You don't want the slave to just sit there and collect dust.
Today, most Americans have willingly shackled themselves to a system that systematically drains their wealth and transfers it to the very wealthy. Most of them don't even realize that they have been enslaved even as the system sucks them dry.
Just think about it. Where is the "big money" in the United States today?
When asked that question, most Americans think of Wall Street.
Well, who controls Wall Street?
The bankers do.
The borrower is the servant of the lender, and they generate massive amounts of wealth by lending us money.
Perhaps an example will be helpful.
Have you ever run up $5000 of credit card debt? Many people have run up much, much more than that, but let us use $5000 for our example.
According
to the Federal Reserve, if you only make the minimum payment every month, at a 20% interest rate it will take you 49 years to pay that credit card off and you will pay back a total of $26,169.
So you would have gotten the original benefit of spending the $5000 and you would have had to work extremely hard to pay back an additional $21,169 to the bankers.
In essence, you would be working as a servant of the bankers until you had paid back that entire debt plus interest.
Unfortunately, our entire system is now designed to get you to go into debt.
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