A Discussion of Debt
October 22, 2019
TOTAL American consumer indebtedness is over $13 trillion — and growing. Americans are more and more in debt.
They are in debt not because they are lazy and unproductive. To the contrary, they are in debt precisely because they are so productive. When a solid company is profitable, it distributes a dividend to its workers. When a modern nation is profitable, it sends its workers to the bank for loans.
Oliver Heydorn and Chas Pinwill explain why this is so and what the solution is: a national dividend. If you think this is a fantastic proposition in an age of skyrocketing taxes and mortgages, think again and try to understand the systemic problem. Indebtedness is harming the family, and it is worth considering solutions.
“President Nixon … said that the American people will never believe anything that they haven’t seen on television,” said Pinwill. “Now television has never told us that money creation has been stolen away from the public. It’s never told us that we’re profitable and we just don’t share the profit. These critical things are not discussed.”
You can read more about the social credit dividend here.
By the way, why do banks push multiculturalism so aggressively? (See Wells Fargo commercial below.) When people see themselves as rootless individuals, they don’t care as much about social problems. The issue of indebtedness is one of the common good.
