Debt as slavery January 26, 2008
Posted by BDO in Spiritual.Tags: Debt, money, proverbs, slavery
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“Money is a new form of slavery, and distinguable from the old simply by the fact that it is impersonal, there is no human relation between master and slave.” ~ Leo Tolstoy
In September 2007, the Federal Reserve estimated consumer debt at over $2.4 trillion, which means $8,000 of debt for every man, woman, and child in the U.S. So, if you were a part of a family of four, then by that calculation, your family owes banks and corporations up to $32,000.
How much debt are you holding?
We are spending more than we are earning, and it is affecting us. Most social problems stem from the mismanagement of money and its effects.
“Just as the rich rule over the poor, so the borrower becomes the lender’s servant.” Pvbs 22:7
According to Proverbs, we are all servants to the banks and corporations that bind us.
A Kid's Guide to Managing Money (Ready-Set-Grow Series)
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