Post Civil War, the southern states came up with a particularly evil solution to returning their freshly liberated slaves back to slavery. They offered them a share of the profits to continue working the plantations (sharecropping) and provided the tools, as debt instruments, to plant and harvest. Of course the debt due was substantial enough to be impossible to pay off. Slavery was, thereby, restored without all the past icky moral questions.
Today, all ethnic groups of Americans have been lured into the same trap. Debt instruments with malicious usury rates bar any escape from the single but vast plantation that is the very definition of 21st century America. The majority of we the people are slaves to those few whom hold our debt. We slave for them, not for ourselves nor our families.
Usury was forbidden in biblical accounts. Debts were to be completed or excused at seven years. Perhaps this was the link to the old century's 7 year duration of bankruptcy reporting of credit reporting agencies. The Good Old Days indeed.
We are chained to debt slavery by our cunning BigCredit masters to our deaths, now. These Massas own more than we the people, they own the United States of America and it's government. They have sublet us to China, Russia, and other countries. We may work here, but the bounty of our labors are shared with international massas.
And this is a part of the reason we as a people have largely ignored the repression of democracy and the Republic. We are so confused by this foggy free-but-not-really-free concoction of fascism that we are without the necessary means of enlightenment that derive from what would otherwise be obvious.
Bankruptcy was once the Emancipation Proclamation for breaking the chains of debt slavery. The 21st Century Massas ordered their Congressional subordinates to tear up this last resort means of escape from the plantation. For his extraordinary and successful efforts to forge new and unbreakable debt chains on we the people through the Bankruptcy Reform Act of 2005 on behalf of Massa MBNA, Massa CitiCorp and all the large and small USA plantation owners, Senator Joe Biden was rewarded with the chance to be vice-president, and, if he remains loyal to them, maybe even President someday.
We are all slaves now. And we will remain slaves to our dying day. Even the frugal are under just a delusion that they have avoided enslavement, for very, very few are debt free; and even those few are subject to theft of their means to be free by governmental seizure and tranfer to massas demanding the resources of the unendentured to maintain the plantation.Fascism is another word for slavery. We are no longer the land of the free. We are the land of the new debt slaves. And all of our massas have and will continue to prevent the rise of another Abraham Lincoln.