Financial Systems

Home/Financial Systems

Systemic Debt Slavery

Debt slavery is an ancient institution that traces back to the beginning of Empire. In earlier times, it was more explicit and visible, because it was more personal. The hapless borrower became the bonded servant or slave of the lender—a condition that prevails today in many low-income countries. In the contemporary United States, it is […]

2017-04-18T18:27:43-07:00September 19th, 2010|Categories: Financial Systems, Money or Life, Wall Street|

Good Debt; Bad Debt

The debt-based money system that is the foundation of Wall Street’s control of the economy and society is based on an underlying logic. So long as its practice is true to that logic, the debt model of money creation can be a driving engine of real-wealth production—up to the point at which the economy encounters […]

2017-04-18T18:26:44-07:00September 19th, 2010|Categories: Financial Systems, Money or Life|