Debt enslavement

When most people think about America’s debt problem, they think of the debt of the federal government.  But that is only part of the story.  The sad truth is that debt slavery has become a way of life for tens of millions of American families.  Over the past several decades, most Americans have willingly allowed themselves to become enslaved to debt.  These days, most of us are busy either going into even more debt or paying off the debt that we have accumulated in the past.  When your finances are dominated by debt, it makes it really hard to ever get ahead.  Incredibly, 43 percent of all American families spend more than they earn each year.  Even while median household income continues to decline (now less than $50,000 a year), median household debt continues to go up.  According to the Federal Reserve, median household debt in America has risen to $75,600.  Many Americans spend decades caught in the trap of debt slavery.  Large numbers of them never even escape at all and die in debt.  It can be a lot of fun to spend lots of money and go into lots of debt, but it can be absolutely soul crushing to toil and labor for years paying off those debts while making others wealthy in the process.  Hopefully this article will inspire many people to try to escape the chains of debt slavery once and for all.

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http://endoftheamericandream.com/archives/debt-slavery-30-facts-about-debt-in-america-that-will-blow-your-mind

The New American Slavery Jolly Roger

The average American in the year 2005 lives a fragile existence, in a struggle for survival that can be ended by missing a few paychecks. The carrot at the end of the stick which was formerly known as "the American dream" has been replaced by a whip that can best be described as the American nightmare of homelessness, and slow, early death. You no longer work to achieve a better life for yourselves and your children. You work to keep a roof over your head, and you pray that you don't lose it. You became a slave when fear replaced incentive as your motivation to work, but I still suggest that you work while you can, because if the company you work for can't send your job overseas, the U.S. government is allowing 2000 people per day to enter this country illegally, because they're willing to do your job for less.    It doesn't matter if you're a "white collar" or "blue collar" employee. If you're an American, you're too highly paid. There are billions of people who want your job, and your government is doing all they can to see that you lose it to them. You see, we're not really Americans anymore. Now we're just anonymous faces in the "global village," because our government has sold our nation to foreigners and international bankers, and the new bankruptcy law has doomed the American citizen to a life of debt slavery. They'll insist that illegal immigrants are only doing jobs that Americans refuse to do, and you'll probably believe it, because if you're watching the TV that shovels that crap, you probably still have your job. The illegal immigrants are doing jobs that Americans always did, and every unemployed American I talk to can't find a job anywhere. And just like the European immigrants that flooded this country before the economic depression of the 1930's, today's illegal immigrants also have no gripe with a government that has allowed them work for high wages in America, and send billions back to their homeland. Nor do they care very much about our constitution, bill of rights, or way of life. They're only here for what they can grab, and our government has welcomed them with open arms, because they're grabbing it from you. [continued]

http://rense.com/general63/newam.htm
 

If you are living on a fixed income and have no opportunity to increase your monthly allotment, personal debt can be viewed like a broken egg.  It simply cannot be made whole -- no matter how hard we try.  

 

To learn this is a 'condition' that has been conceived to 'entrap' us is disheartening in the extreme.  If someone has no job, no home, no emotional and/or financial support, any combination of these stressors may have dire consequences.

Stephanie Doty
Weary of Wonderland
August 6, 2014
http://creativecommons.org/licenses/by-nc-nd/3.0/