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alstry (34.88)

WHO SHOULD BE A DEBT MASTER AND WHO SHOULD BE A DEBT SLAVE?

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July 02, 2012 – Comments (0)

In the Industrial Age, wealth is defined by financial instruments of debt, and derivatives of debt...currency, stocks, and bonds.   Just like owning a plantation distinguished the master from the slave in the Agricultural Age.....the owner of debt is what distinguishes the master from the slave in the Industrial Age.

Industrial Money is simply an IOU/debt instrument against the production of a nation.

In a world where the financial system went bankrupt, and goverment bailed out the financial instruments....who should be the Master and who should be the Slave when we all really should be equal?

Hang on, this will become an inreasingly convulsive issue as the world goes bankrupt and the people figure out what really happened.

http://www.nytimes.com/2010/11/17/opinion/17buffett.html

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