The State of the Canadian Debt Slaves, and How They Compare to the American Debt Slaves – The Daily Coin
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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.
Debt slavery or Indentured Servitude seems to be a popular term bandied about by cranks and conspiracy theorists, especially on personal finance websites, since the credit crunch of 2008.It comes from the peculiar idea that everyone is enslaved by evil debt holders (rich people, banks, corporations, the Rothschilds, etc.) and if people all stop paying their debts to financial institutions that.
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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.
by Wolf Richter, Wolf Street: This, despite still ultra-low interest rates and the highest disposable income ever. Canadian households are known around the world for their uncanny ability to pile on debt. And American debt slaves, who’d gotten trampled during the Great Recession, turn out to be lackadaisical these days in comparison.
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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..
Canadian households are known around the world for their uncanny ability to pile on debt. And American debt slaves, who’d gotten trampled during the Great Recession, turn out to be lackadaisical these days in comparison.
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