Debt Slaves in the Land of the Free

[Keith Broaders]

When we produce things with our time and talent we are able to acquire wealth. Money is just a token of wealth backed by our capacity to produce things that other people want.and is used as a medium of exchange. Money that is not backed by anything is called fiat currency that represents debt.

People can accumulate wealth in a monetary system that rewards productive labor. When you borrow money you are using your future labor as collateral for a loan. This is how the bankers have turned us all into perpetual debt slaves.

The Thirteenth Amendment prohibited involuntary servitude, but did not make outlaw voluntary servitude. When you borrow money from a banker you volunteer to become to become a debt slave to the lender.