American Slaves = Debtors

GarySpicuzza · #1 (**permalink**) 05-17-2009, 06:55 AM

American Slaves = Debtors

In America we have a whole country of slaves and indentured servants.

When you borrow money you become a slave.

You are a slave to your lender.

How many useless things have you borrowed money for that don't have any value after the purchase with the borrowed money.

The borrowed money is someone else's money...your Master's money.

Harsh words?

No, not really.

Do yourself a favor, STOP BORROWING MONEY FOR:

Automobiles
HD TVs
Boats
Vacations
Diamond Rings
New Boobs
Investing
Disneyland
Christmas Gifts, etc.

Don't borrow money for anything that doesn't AT LEAST retain its monetary value such as:

Real estate or sound business plans.

When will the light bulb in your brain turn on?

renderedtoast · #2 (**permalink**) 10-19-2009, 12:08 AM

So true, so true. Except maybe for the new boobs part.

sapphirecapital · #3 (**permalink**) 10-19-2009, 06:52 AM

and then there are the dead peasant insurance contracts

TheCaptain · #4 (**permalink**) 10-21-2009, 02:15 AM

I am big time in favor of borrowing for bigger boobs

Aside from that I am with you.

Curtissmith · #5 (**permalink**) 11-03-2009, 04:42 PM

American law loves deadbeats. Even the law says you can have all the debt you want and then when you cant pay it just legally screw all your creditors with banko because you couldnt manage your check book.

dirtroad · #6 (**permalink**) 12-15-2009, 04:09 AM

that is the whole point of the American financial system.. credit=debt.. and the world goes round...

Kenny Golde · #7 (**permalink**) 01-23-2010, 02:32 AM

Sadly, even the real estate and good business plans models aren't so sound anymore.

I heard a good quote the other day though:

"S/He who owes, controls."

The is a reverse control in the debt world that most people do not consider. When you owe money, someone wants to get it from you very badly. Ever loaned a friend money and really observed how much control they had over you. Meet me here, meet me there. I'll have it Monday. I'll have it next Thursday. And you are running around trying to collect.

You can turn the tables on your creditors. They want your money. Make them work for it.

I am Kenny Golde, the author of "The Do-It-Yourself Bailout," a guide to do-it-yourself debt settlement for consumers, without paying an agency. Google it for more info if interested.