Authored by Michael Snyder via The Economic Collapse blog, Right now, a tremendous awakening is happening as people all over the world become educated about the tools that the elite use to enslave us to their system. The number one tool that they use to enslave us is debt. The financial powers of the world use it to enslave individuals, corporations and governments. For thousands of years humanity has been taught the proverb that “the borrower is the servant of the lender”, and yet today billions of people around the globe have willingly made themselves servants of the money powers. You see, when you borrow money from a financial institution, you not only have to pay that money back, but you also have to pay a significant amount of interest. In fact, often the interest ends up being much more than the principal of the loan. Thus the borrower ends up devoting a great deal of his or her labor to earning money for the lender. Yes, there are times when it is necessary to borrow money. But what we have been doing over the last 30 years goes far beyond “necessary” borrowing. The fact that the U.S. government is now 36 trillion dollars in debt gets a lot of attention, but the truth is that state and local governments, corporations, and U.S. households have piled up enormous mountains of debt as well.
I want to show you a chart from the Federal Reserve that is hard to believe.
In the mid-90s, the total amount of debt in the system was about 20 trillion dollars, but now we have reached the 101 trillion dollar mark…
Poster Comment:
If we still had President Lincoln's Greenbacks, there would no national debt and we would not be paying a trillion dollars a year on a fictional debt.