How the elite dominates the world. Part 1: debt as a tool of enslavement

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

Throughout human history, those called the ruling class have found various ways to force those under their control to work for their economic gain.

But these days, we willingly enslave ourselves. The borrower is the servant of the lender, and there has never been more debt in our world than there is now. According to the Institute of International Finance, global debt reached $ 217 trillion, although other estimates would put this figure much higher. Of course, everyone knows that our planet is drowning in debt, but most people never think about who owns all this debt. This unprecedented debt bubble represents the largest redistribution of wealth in human history, and those who get rich are the extremely wealthy chosen at the top of the food chain.

Did you know that 8 people now have as much wealth as the poorest 3.6 billion people put together on the planet?

Each year, the gap between the ultra-rich and the poor on the planet is widening. This is what I have written about often, and the "financial" globalization of the world economy plays an important role in this trend.

The entire global financial system is based on debt, and this system based on debt, endlessly draws the wealth of the world to the very top of the pyramid.

Albert Einstein once said:

Whether he really said it or not is irrelevant, but the reality of the question is that it is perfectly true. By plunging all of us into debt, and receiving them from us, the elite can simply sit back and slowly but surely become richer and richer over time. Meanwhile, since the rest, all of us, work endless hours to “pay our bills,” the truth is that we are spending our best years enriching someone else.

Much has been written about those who rule the world. If you want, you can call them "elite", "establishment" or "globalists", the truth is that most of us understand WHO they are. And how they control us all, this is not some gigantic conspiracy. Ultimately, it's actually very simple. Money is a form of social control, and by putting as much debt on everyone else as possible, it makes us all work for its economic benefit.

It starts at a very early age. We very much encourage our youth to go to college, and we tell them not to even worry about how much it will cost. We assure them that after graduation they will have a great job and will have no problem paying off the student loans they accumulate.

But over the past 10 years, student loan debt in the United States has grown by 250 percent, and it is now an absolutely staggering $ 1.4 trillion. Millions of our young people are already pouring into the “real world” financially, and many of them will literally spend decades paying off these debts.

But this is just the beginning.

To do well in our society, almost all of us need a car, and car loans are very easy to obtain these days. I remember when car loans were only given for four or five years, but in 2017 it is quite common to find loans for new vehicles for six or seven years.

The total amount of auto loan debt in the United States has now surpassed a trillion dollars and this very dangerous bubble continues to grow.

If you want to own a home, that will mean even more debt. In the old days, mortgage loans were usually given for 10 years, but now it is already 30 years old.

By the way, do you know where the term "mortgage" originally comes from?

If you go back to Latin, it actually means "death bond".

And now that most mortgages are 30 years long, many will keep paying until they literally die.

Unfortunately, most Americans don’t even realize how much they are enriching mortgage lenders. For example, if you have a 30-year mortgage on a $ 300,000 home at 3.92 percent, you end up with a total payout of $ 510,640.

Credit card debt is even more insidious. Interest rates on credit card debt are often in double digits, and some consumers actually end up paying several times what they originally borrowed.

Total credit card debt in the United States has also surpassed a trillion dollars, according to the Federal Reserve, and we are entering the time of year when Americans use their credit cards the most.

Overall, US consumers now have about $ 13 trillion in debt.

As borrowers, we are all servants of lenders, and most of us do not even understand what has been done to us.

In this first part I focused on individual debt obligations, but tomorrow in the second part, I'm going to talk about how the elite use public debt to corporately enslave us. All over the planet, national governments are drowning in debt, and this is no accident. The elite love to put governments in debt because it is a way of systematically transferring vast amounts of wealth from our pockets to theirs. This year alone, the US government will pay somewhere around one and a half trillion dollars only as a percentage of government debt. This is a bunch of tax dollars that we don't get any benefit from, and those who benefit from it just get richer and richer.

In part two, we'll also talk about how our debt-based system is literally designed to create a public debt spiral. Once you understand this, all your views on this issue will change. If we want to take control of public debt, we must end this current system, which was supposed to enslave us by those who created it.

We spend so much time on these symptoms, but if we want concrete solutions, we need to start paying attention to the root causes of our problems. Debt is an instrument of enslavement, and the fact that humankind currently has over $ 200 trillion in debt should deeply concern us all.