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How To Think About Debt »

Posted by: populist 2 years, 7 months ago
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You are from birth either a creditor or a debtor. As an adult, you are probably both. Workers are creditors in their capacity as pension owners. Workers are debtors in their capacity as home owners carrying a mortgage. There is a balance between household debt and credit.

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Comments: 2
  • Avg rating: (+0/-0 0)NelsonR
    NelsonR
    May 21, 2007, 12:03 a.m.

    Slavery of the blacks was denoted by irons and shackles.

    Slavery today is indebtedness to Bankers on morgages, credit cards and policies that corrupt the Usury Laws that were to be a norm. Indebtedness is slavery, albeit in another form.

    • Avg rating: (+0/-0 0)evelyna
      evelyna
      May 21, 2007, 11:04 a.m.

      The article did not say anything about the usuary rates banks charge.

      I do not think a company should look at someone's credit rating. If someone can charge you whatever at will, eventually no one can afford to pay.

      This is not a creative way to make money. This is stealing.

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