There Can Be No Freedom In Debt
“The rich rule over the poor, and the borrower is slave to the lender.” Proverbs 22:7
My goal is for each reader to grasp that we have allowed ourselves to be made slaves through the belief in money. The prices of things we need constantly go up. We call this inflation and from our early childhood, we have been taught that this is normal. The truth is it’s not and our in our ignorance, we have played a role in creating the inflation that we live with.
I’m not going to bore you with a bunch of complicated and fancy words. People often shy away from financial writings because they see it as boring and too complicated to understand. The financial news will talk about derivatives, asset allocation, balance sheets, income statements, liquidity, and a multitude of other words. For more words, visit the Harvard Business School Online here and read until your heart is content. In this writing, I’m going to cut to the chase. The whole system has been made complicated, but when we take a closer look, we can see it’s nothing more than a system of slavery and theft.
What is money? The answer seems obvious and it should be. The simple answer, it’s a means of exchange. How is it created? If I told you that every dollar in existence was created by someone borrowing money, many of you will scratch your heads. Despite your confusion, that is a fact. Every time money is borrowed, new money is created, see here.
Please know, that in the following words I am not talking about your local bank teller or even your mortgage loan officer. While the loan officer does play a role in creating the slave system, I do not believe they consciously know this. So, let’s take a look at where most of the inflation has gone here in the United States until recently. What items have gone up in cost consistently? Houses, cars, real estate, and college tuition are the first that come to mind. What is a common way to pay for each of those four things? They borrow money! You want to buy a home, get a mortgage. You want to buy some land, borrow some money. You can’t afford college, take out a student loan, and now cars have become so expensive, institutions are offering 96 month car loans and if you look hard enough, you can find one for 10 years. Check this out.
We are the ones driving the costs of houses, cars and education because we are borrowing money to pay. Every time we borrow money, new money is created to buy the thing we bought. Adding money that didn’t exist prior will always cause prices to rise. We are helping enslave ourselves.
How do the proverbial “they” entice us to en-debt ourselves? Interest rates are made low and you believe that you are almost getting money for free. That’s a lie! Prices of homes have skyrocketed and young people are finding it almost impossible to buy a home. Have fun with this article from CNBC. Then there’s the cost of college and the $1.7 trillion in student loan debt. As an aside, I once had a successful businessman tell me that he liked it when his young sales people would buy the fancy car because they had no choice, they have to sell because they are now in debt. (Evil)
OK, I’m not going to drivel on like many articles. Here’s what’s happening. A group of people that want to own everything of real value created a system that would allow them to steal everything through the manipulation of interest rates. You ever wonder why the very rich keep getting richer? Here it is! The proverbial “they” control the interest rates. “They” lower rates and we borrow money to buy whatever it is we want. Millions of people borrow money to buy homes, as an example. All of this money is new money. Remember the article from Investopedia prior. This borrowing drives the cost of the house up, and then the proverbial “they” raise interest rates. This raising of rates makes borrowing the money more expensive and fewer people can afford the house. The new, higher interest rate makes the payment too high. Demand has been purposely driven down and the result has always been the same, prices drop. When the prices drop, the “they” pick these houses up at a discounted cost compared to what the “suckers” paid several years prior when interest rates were low.
The gist is “they” use low interest rates to drive prices up and raise interest rates to drive prices down and this is the system that we live in. It must be rejected and we must create community to fight against it. This system does not need to be reformed. It has to be rejected. The problem is, we can’t reject it when millions of us are in debt. For years people have fought this beast alone, and some have been successful, but millions have not. Has there ever been a concerted effort, through community, to eliminate debt on a grand scale? Not that I know of, and doing this is the reason The Road to Complete Freedom exists. We will build community and Crowdfund ourselves to freedom.
To join this fight, contact me here:
