Perhaps the worst thing that a free man can do is to borrow money. When a man borrows money he loses his freedom and becomes the obligated to the lender. The world has always been divided into two classes. There are the masters and the servants and those lending the money have always enslaved their debtors.

A man that desires of enslave his neighbor can accomplish the task by force or he can simply offer to loan his neighbor some money. In either case the creditor becomes the master and the debtor becomes the slave. The economic principles that apply to individuals also apply to nations.

Nations that spend more than they earn become debtor nations and lose their independence. A man that borrows money to purchase things that he doesn't need and can't afford is skating on very thin ice. The financial collapse of our economy is not a possibility, it is a absolute certainty. The questions is not if our monetary system will fail, the only question is how much longer can it survive? 

Only the idiots in Congress believe that we can borrow our way out of debt. Anyone with a double digit IQ realizes that the corporation known as the UNITED STATES can escape the inevitable consequences of financial irresponsibility. If you think that the stooges on Capitol Hill can solve the problems that they have created you are even dumber that than you think they are.

 

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