Sign up Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
AndyGreek1

Avatar / Picture

Owner/Moderator
Registered:
Posts: 7,983
Reply with quote  #1 

Tax, Debt, Wage and Fiat Slavery: How the Elites Extract Wealth from the People

 

[Flogging_of_a_slave]

‘I describe the pernicious servitude created by debt as debt serfdom, as serfdom implies a neofeudal arrangement that requires serfs’ acceptance of this financial yoke of servitude. In other words, debt is freely accepted as the line of least resistance in a system that incentivizes debt and places high barriers to debt-free independence from a Status Quo operated to benefit the owners and issuers of debt, not the debtors.

Correspondent Jeff W. has identified an even more insidious form of monetary servitude that he calls fiat slavery, as the servitude is enforced by fiat (unbacked government-issued) money.

In other words, being forced to use state-issued fiat currency is a form of servitude, as fiat money is at base a form of indirect wealth transfer from those forced to hold the money to those issuing the money.’

Read more: Tax, Debt, Wage and Fiat Slavery: How the Elites Extract Wealth from the People


__________________
Now On Twitter:
https://twitter.com/AndysForum
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.