This is sick, just watch it and you will see, Elizabeth Warren backs the war bitch, Hilary Clinton. Elizabeth Warren had done a one 180 degree turn and trashed everything she has every believed in. Maybe she thinks she will get the vice presidency, but that's unlikely as Wall Street hates her. How could she be so stupid?
The Humanist Report:
This article also looks at how the bankruptcy laws were changed in the US so that it became more difficult for people to claim bankruptcy, therefore turning unlucky people into virtual slaves.
Some people borrow from rich people, or from bankers who invent the money out of thin air, but then it goes wrong for them and they end up with compound interest greatly increasing the value of the loan. Eventually they realize that they will never be able to pay off the loan, only the interest. Then for the rest of their lives they will be paying interest sometimes worth multiple times what the original loan was worth. Which means it is possible that over the course of their lifetime they may in effect pay off the loan hundreds of times over but with the principle is still left in place. This isn't fair. A rich person can end up with hundreds, and maybe millions, of debt slaves this way.
Maybe the law needs changing that once you have paid twice in interest what the original loan was worth the debt is cancelled. But the ' free market' would just greatly increase the cost of borrowing money as the bankers would push up the price of loans to get their profits back.
Pastor Sheldon Emry in his book, Billions for the Bankers, Debt for the People: the Real Story of the Money-Control over America, says that state banks should issue loans without any interest at all. So if you were to borrow £100,000 for a house, you would only need to pay back £100,000 - although slowly over the over the lifetime of the mortgage. (There will have to be a surcharge to pay for administrative costs, maybe added to the loan).
And so in the system we presently have there are very rich people who have lots of power because of their wealth, with millions of powerless poor people who are desperate for a loan. They might need a loan to buy a car so they can get work, or they may need it to buy a house, as everyone needs somewhere nice to live, or they may need to pay for a child's healthcare, or their own healthcare, if they live in the US, that beastly place. But if the free market can't supply inexpensive loans then citizens have every right to vote in a government that will create publicly owned banks that will.
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." —Thomas Jefferson
Only government has the immensely powerful tool of fiat money creation, and this is why libertarians hate fiat money so much. Yet libertarians always talk about freedom, and say that this is central to their belief, but cheap government fiat money truly sets people free.