Deuteronomy
Chapter
28
Vers. 15 - 68
Deuteronomy 28
The Shocking Truth About African Americans
Hosea 4:6 My people are destroyed for lack of knowledge:
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Debt The New Slavery
Our Challenge: We will publicly debate any "Bible Theologian" on the curses
of Deuteronomy 28 to determine which group of people fit these curses!
of Deuteronomy 28 to determine which group of people fit these curses!
The True Name Of God (YAH)
Debt Slavery might be defined as a condition of perpetual debt, which in turn forces a person
to perpetually work in order to pay off this perpetual debt. It is a condition in which a large
percentage of a person's labor (one third or more) is devoted to servicing debt - most of which
is payment of interest on debt. A person in Debt Slavery never gets ahead, since as soon as
one debt is paid off, another is incurred. A person in Debt Slavery never owns anything, they
only owe.
to perpetually work in order to pay off this perpetual debt. It is a condition in which a large
percentage of a person's labor (one third or more) is devoted to servicing debt - most of which
is payment of interest on debt. A person in Debt Slavery never gets ahead, since as soon as
one debt is paid off, another is incurred. A person in Debt Slavery never owns anything, they
only owe.
And while reforms have made the poorhouse and the debtor's prison things of the past, recent
"reforms" to bankruptcy laws have made it nearly impossible to get out from some debts,
particularly student loan debts. The old days, where debts were "wiped clean" are largely past.
And as a result, we have created a nation of perpetual debtors, who are forever trying to "work
out" their past debts, never to get ahead.
"reforms" to bankruptcy laws have made it nearly impossible to get out from some debts,
particularly student loan debts. The old days, where debts were "wiped clean" are largely past.
And as a result, we have created a nation of perpetual debtors, who are forever trying to "work
out" their past debts, never to get ahead.
How Do People Become Debt Slaves?
One of the most puzzling thing about Debt Slavery is that most, if not all, people who fall victim
to this condition willingly sign up for it. In exchange for shiny consumer goods (cars, boats,
televisions, clothes, etc.) they sign their lives away, so that they can have it all "now" rather
than later. Often this means paying two, three, or four times as much for an article than its
actual retail price.
One of the most puzzling thing about Debt Slavery is that most, if not all, people who fall victim
to this condition willingly sign up for it. In exchange for shiny consumer goods (cars, boats,
televisions, clothes, etc.) they sign their lives away, so that they can have it all "now" rather
than later. Often this means paying two, three, or four times as much for an article than its
actual retail price.
So, for example, a person buys a brand new car, signing up for three or four years of car
payments. With interest, they easily pay 1-1/2 times the retail price of the car. Compared to
the same car purchased used, they pay double the value of the car. Throw in the added cost
of collision insurance over the life of the loan, and (for young people in particular) they can
end up paying four or five times the value of the car.
payments. With interest, they easily pay 1-1/2 times the retail price of the car. Compared to
the same car purchased used, they pay double the value of the car. Throw in the added cost
of collision insurance over the life of the loan, and (for young people in particular) they can
end up paying four or five times the value of the car.
Once the process starts, it worsens. Paying too much for one item, like a car, leaves the
victim with less money to spend on other essentials, such as car maintenance. When the car
is finally "paid for" (or even before) it is in such bad shape that the victim goes back to the
dealer to "trade in" - often on oppressive terms. Since the car may be worth less than the
balance of the loan, sometimes the "negative equity" is folded into a new loan. As the
creditworthiness of a Debt Slave is always suspect, and the balance on the loan exceeds the
value of the new car, the terms of the loan (interest rate) are staggering.
victim with less money to spend on other essentials, such as car maintenance. When the car
is finally "paid for" (or even before) it is in such bad shape that the victim goes back to the
dealer to "trade in" - often on oppressive terms. Since the car may be worth less than the
balance of the loan, sometimes the "negative equity" is folded into a new loan. As the
creditworthiness of a Debt Slave is always suspect, and the balance on the loan exceeds the
value of the new car, the terms of the loan (interest rate) are staggering.
Rent To Own Rims
How Do People Remain Debt
Slaves?
Once people get into Debt Slavery,
it is very, very difficult to get out.
Institutions cater to the Debt Slave
and continually entice them to
staying in its grasp. Once a credit
rating is shot, only the worst sort of
financing is available to the Debt
Slave - interest rates of 20-30% or
more.
Slaves?
Once people get into Debt Slavery,
it is very, very difficult to get out.
Institutions cater to the Debt Slave
and continually entice them to
staying in its grasp. Once a credit
rating is shot, only the worst sort of
financing is available to the Debt
Slave - interest rates of 20-30% or
more.
Catering to the "I have to have it NOW" mentality, enterprises such as Rent-To-Own furniture
and appliances sell consumer goods to the Debt Slave for 2-3 times their real market value. A
recent trend and extension of this concept is the Rent-To-Own Rims (car wheels) that enslave
their victims in exchange for what is literally bright shiny and cheaply made trinkets. The
Manhattan Indians were tricked in a similar manner, swapping the Island of Manhattan for $24
worth of beads and trinkets. In the cities today, young men do the same thing for cheap
Korean-made "bling" rims
and appliances sell consumer goods to the Debt Slave for 2-3 times their real market value. A
recent trend and extension of this concept is the Rent-To-Own Rims (car wheels) that enslave
their victims in exchange for what is literally bright shiny and cheaply made trinkets. The
Manhattan Indians were tricked in a similar manner, swapping the Island of Manhattan for $24
worth of beads and trinkets. In the cities today, young men do the same thing for cheap
Korean-made "bling" rims
Of course, once the process starts, the Debt Slave is short of money. Financing companies fill
in the gap by providing payday loans, often at interest rates of 300% or more. Each payday
loan is folded over into another loan, and never paid off. Tom Wolfe wrote about this practice
back in the 1930's in Look Homeward Angel, in which an unscrupulous local lawyer would loan
$20 to the poor, having them pay it back in $1 weekly installments perpetually - to cover only
the interest. Once trapped like this, the victims never paid the loan back. In over 70 years, not
much has changed.
in the gap by providing payday loans, often at interest rates of 300% or more. Each payday
loan is folded over into another loan, and never paid off. Tom Wolfe wrote about this practice
back in the 1930's in Look Homeward Angel, in which an unscrupulous local lawyer would loan
$20 to the poor, having them pay it back in $1 weekly installments perpetually - to cover only
the interest. Once trapped like this, the victims never paid the loan back. In over 70 years, not
much has changed.
Pawn Shops, Car Title Loan shops, and other enterprises separate the Debt Slave from the
meager consumer goods that they have managed to pay off. For pennies on the dollar, they
sell off what little they have in exchange for getting money NOW.Even if the Debt Slave
manages to get ahead somewhat in payments, or gets a raise or promotion, they often fall
back into slavery by buying yet another new car or purchase.
meager consumer goods that they have managed to pay off. For pennies on the dollar, they
sell off what little they have in exchange for getting money NOW.Even if the Debt Slave
manages to get ahead somewhat in payments, or gets a raise or promotion, they often fall
back into slavery by buying yet another new car or purchase.
Credit Cards merit special mention. Credit Card companies have been very aggressive in
recruiting new customers, oftentimes customers they know cannot pay off large debts. They
offer large credit lines, knowing that the victims will indulge themselves with purchases of food,
clothing, and other consumer items. Once they reach their limit, they will be charged over-limit
fees and the like. Since the Debt Slave cannot manage their finances, they may pay a card
late, which in turn jacks the interest rates to 20-30% or more, making paying off the debt
nearly impossible.
recruiting new customers, oftentimes customers they know cannot pay off large debts. They
offer large credit lines, knowing that the victims will indulge themselves with purchases of food,
clothing, and other consumer items. Once they reach their limit, they will be charged over-limit
fees and the like. Since the Debt Slave cannot manage their finances, they may pay a card
late, which in turn jacks the interest rates to 20-30% or more, making paying off the debt
nearly impossible.
And the Credit Card companies have
successfully lobbied to pass new laws
limiting a debtor's rights in bankruptcy.
The one weapon that debtors had in
the past has been severely blunted.
successfully lobbied to pass new laws
limiting a debtor's rights in bankruptcy.
The one weapon that debtors had in
the past has been severely blunted.
How do You Avoid Debt Slavery?
The procedural techniques of what you
need to do to get out of debt and stay
out of debt are well-known and
obvious, and can be summed up in
one simple statement: spend less than
you make. That is not the hard part.
Like a diet, the hard part is willpower.
The procedural techniques of what you
need to do to get out of debt and stay
out of debt are well-known and
obvious, and can be summed up in
one simple statement: spend less than
you make. That is not the hard part.
Like a diet, the hard part is willpower.
Debt Slavery is deadly serious, and nothing to take lightly. And anyone can fall victim to it,
without thinking. If you follow the herd and take your cues from the television, chances are
you are on your way to becoming a debt slave, if you are not already one.
without thinking. If you follow the herd and take your cues from the television, chances are
you are on your way to becoming a debt slave, if you are not already one.
PROVES THE TRUE CHILDREN
OF ISRAEL ARE BLACK
