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Funny how the notion of simply paying back your debt becomes "enslavement" by the "banking system" in the minds of people these days. t's as ridiculous as a fat
by HSO 17y ago
Funny how the notion of simply paying back your debt becomes "enslavement" by the "banking system" in the minds of people these days. t's as ridiculous as a fat person blaming the food companies to make it easy to overeat. The author of the article is commendable for avoiding these loaded terms and blaming himself rather than circumstances or even other people. It's a trite phrase but still true that responsibility and prudence is the flipside of freedom and risk-taking.
- asciilifeform 17y ago> Funny how the notion of simply paying back your debt becomes "enslavement" Yeah, let's bring back Victorian work-houses. I sincerely hope that you and your family end up in one.
- quellhorst 17y agoOh, but if you get a loan at 10% or 15% interest and are late on a different loan you can get a universal default where your rate is doubled to 20 or 30%. Also the credit card companies have successfully lobbied the government to make it harder for consumers to erase these debts with bankruptcy.