Almost everyone has some form of debt nowadays and many even have more debt than assets. Not only people are in debt, but also companies and governments are drowning in the continuously rising debt levels. On the surface it looks like debt gives us more possibilities, because we can do things that we couldn’t without a loan. But beware, debt is one of the best ways to control others and beside that a ticking time bomb under our society. Stay away from debt!
Debt is the main tool for modern slavery, avoid debt and be free!
Through debt your creditors will finally control you
You have a loan on your house and a student loan, and because you have a royal salary you take out a loan for a new car too. It looks like you have a perfect life, but this is only the case as long as you are able to convert your time and effort into enough money to pay for all the interest.
Actually, you are not being productive for yourself anymore, but you spend the entire time of your working days to be productive for others, being the ones who gave you the loan. Because you are working full time to be able to pay off the debt and interest, you don’t have any time to do anything for yourself. You are a machine for your creditors.
Until now the illusion of happiness and success can still be intact, but this will change when something happens to you and you can’t provide an income anymore or an economic recession starts and your liabilities rise above your income. From the moment you can’t easily pay the interest anymore, you will lose your freedom and be totally enslaved eventually.
When you are not able to pay for the debt anymore you will lose the assets you were thinking you own, but in case of an economic recession the execution price of the assets is probably lower than the debt you have on them, so you will be left without your assets and WITH the debt. Now the real enslavement starts.
Now your creditors will start to claim on you, but you don’t even have a penny to pay them. The case will go to court and they will designate someone to ‘help’ you with your finance to come out of debt. You will have to work your ass off to earn as much as possible while the designated person decides how much you can spend on food, how many off days you can have and other important factors of your life.
Now your entire life is controlled by your creditors and since housing prices are inflated through all kinds of government manipulation the debt will be huge and it will probably take a lifetime to pay it off. In some countries the government will also get involved to ‘help’ you and come up with further restrictions on your lifestyle.
You took a loan to own a house, until you found out that you own nothing and they own you. The worse thing is that they can play with the parameters to make it happen, because they are manipulating every fraction of the market.
Debt to control entire populations
The game as described above is also played on global scale by the western banking system and the IMF. Countries that are in financial trouble will receive ‘help’ in the form of unreasonable loans of which is known that they will never be able to pay back. By receiving the loan the country has to agree that the money is spend in the way the creditors advice them to.
The borrowed money is invested in a way that the local people don’t benefit at all and some western companies are able to make huge profits (they are hired for the projects). Because the local population have to pay for the loan they fall even deeper in poverty and they will eventually fail to pay the interest on the loan.
Happily, the IMF is so generous to give another loan to pay the interest on the first loan, but of course it have to be managed by them because you see how bad this country is managing their own financials? They clearly need help.
Warning! This will probably piss you off if you are a human being!
Only own debt free assets
All fiat money is debt based, because after it is printed out of nothing by the central bank it is given to the government in the form of a loan. A loan is debt and debt always comes with counterparty risk, when the other party is not able to pay back you will lose your money.
Since all the assets in the financial world except for precious metals and cryptocurrencies are based on fiat and often leveraged, non of them will be unaffected when the entire debt bubble pops. It is not only wise to not be in debt, but it is better to not own any debt too. When you own it you are dependent on the one that is in debt. Not smart and immoral.
Protect yourself against the results of debt
The huge amounts of debt in the world are also causing indirect changes to our world. Because governments are heavily in dept too, they will try to stimulate inflation and keep interest rates low to decrease their debt and interest liabilities. This means that the money you have been saving your entire life will devalue faster.
Since the 2008 crisis money printing (leads to inflation) is going exponential and interest rates are at an all time low. This means that your savings are vaporising faster than ever and prices of almost everything will certainly go up. The only way to keep your life savings from decreasing is to store it in hard assets like Bitcoin or gold that nobody can make more of without a lot of effort.
Disclaimer
This is no financial advice, just my view on the market.
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