The Dangers of a Debt-Based Financial System in 2012
July 10, 2012 2 Comments
The entire financial system wants to put you down, it wants to make you feel struggle, worry, and hardship. Without the negativity you face in your life, it would seize to exist. It wants you to abide by its strict rules, and if you don’t, no matter how illogical the law may be, they want to lock you in a cage for an extended period of time. The system feeds from corruption at its rotting core.
For most people, it is easy to fall victim to the system, accept the propaganda, not ask questions, and do as your told. Most of us are in some kind of debt to the system we work for (student loans, credit cards, etc.) and we are working to pay back that debt (with interest) to the same people who run the entire system.
Student Loan Debt in The United States
There is limited opportunity for financial freedom anymore, as many aspiring students find themselves blanketed with layers and layers of debt from student loans that some will have to work on paying back for the rest of their lives. Some college graduates have even reported paying back over $1,000 a month in debt repayments!
How is it possible to even eventually by a house (more debt: mortgage), a car (70% of all cars driven in America have some sort of debt attached to them) when you are already swamped with payments?
With the way the economy is suffering, There are not many students landing secure full-time jobs either, and if they do, they will have to work longer and longer hours for less and less pay. Aint inflation a bitch?
You can guarantee that your corporate employer is accounting for the taxes they have to pay and you would be stupid to think that expense is not factored into your pay rate. With many on a flat salary, and no overtime benefits, they can enslave you to working long hours for the same amount, and generate more end profit and value from your free labor.
An essential corporate FREEROLL.
Credit Card Debt in The United States
Have you ever run up credit card debt?
Well many people have run up much, much, more than that.
Using the example of $5,000 of debt for an example, if you make only the minimum payment every month, at a 20% interest rate, it will take you 49 years to pay that credit card off, and you will off over 5x of what you borrowed,a total of $26,169.
Need verification? Try the Federal Reserve Credit Card Repayment Calculator Out!
You get the immediate benefit of the $5,000 in capital, but you work extremely hard in most cases to pay back an additional $21,169 to the bankers, the guys who run the system if you haven’t been following at all during this post.
Our entire system is designed to get you into debt. A college education is so ridiculously expensive these days that most of us cannot afford one without going into lots of debt.
Do you have any student loan debt? I do, and plenty of my friends do too. In fact, the total pile of student loan debt in the United States now tops over a trillion dollars.
How About Employment in The United States?
Last year, 53 percent of Americans with a bachelor’s degree under the age of 25 were either unemployed or underemployed. A lot of us young adults start out life already enslaved to a gigantic pile of debt, but without a good job that will enable us to comfortably service and repay all of the debt.
Just about every major purchase you will make as a college graduate is going to involve another pile of debt as well. It is so easy to just buy a bunch of stuff and put it on the plastic, not realizing how much debt, and eventual interest payments you will be paying. It is quite convenient. In fact, it is so convenient that since 1971. the total amount of consumer debt in the United States has increased by 1700%. Approximately 46% of all Americans carry credit card balance from month to month, building more and more debt in the process.
Check out this stat from a recent CNN article:
“In 1983, the bottom 95% had 62 cents of debt for every dollar they earned, according to research by two International Monetary Fund economists. But by 2007, the ratio had soared to $1.48 of debt for every $1 in earnings.”
So What Can We Do To Solve This Looming Debt Problem?
If you are in some kind of debt, then you are unfortunately a slave to at least some degree to the debt-based financial system we have in place in 2012. The global financial system has become so Saturday with debt that it is now on the verge of collapse. 60% of all Americans think that the U.S. Economy will be in good shape next year. 100% of these 60% of Americans have been completely brainwashed.
The mainstream media has done a fantastic job of brainwashing the general public. If Barack Obama wins the election and the Democrats take control of both houses of Congress, prosperous times are on the way. Just how so? We don’t know, I don’t really believe them to an extent.
If Mitt Romney wins the election, the Republicans take control of both houses of Congress, and the United States economy will be put back on the right track. Just how so? And I don’t believe these guys either to an extent.
We recently celebrated July 4th, our
Independence Day, which today is more like Continual Loss of Freedom Day, but I’ll save you the expense of explaining it over and over again.
What we can do to change the system is just enjoy life as much as possible and ride it out. Don’t become a victim to the system by thinking the way they want you to think.
Pursue your interests, no matter what anyone else tells you to do.
Work and make a living, but don’t stress out over it (if you can.)
Have fun with friends, expect good things to happen at the end of 2012, and embrace the limited time you have on Earth by growing as a conscious individual.
Don’t give into propaganda, become a drone to society, or let them drain your positive energy.
Find time for yourself to be happy as much as it may seem impossible in our current state. Our current state wont last. Ride it out, and expect good things, and work hard to grow into a healthy pattern of thinking, rid of negativity and once that embraces the positive moments in life.
Share your thoughts with us below in the comment section if you have any valuable input to add.
*some statistics used in this article via InfoWars