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“Think what you do when you run in debt; you give to another the power over your liberty.”—Benjamin Franklin
Slavery or involuntary servitude is the result of either subjugation by conquest or succumbing to the bondage of debt. Debt, of course, is simply borrowing against the future. It exchanges a present advantage for a future obligation. It will require not only the return of the original advance of funds, but a substantial compensation to the creditor for the use of his money.
How Debt Can Benumb the Human Spirit
The Founders knew that borrowing can be an honorable procedure in a time of crisis, but they deplored it just the same. They looked upon it as a temporary handicap which should be alleviated at the earliest possible moment.
They had undergone sufficient experience with debt to see its corrosive and debilitating effect, which tends to corrupt both individuals and nations. In the case of the individual, excessive debt greatly curtails the freedom of the debtor. It benumbs his spirit, He often feels hesitant to seek a new location or change a profession. He passes up financial opportunities which a free man might risk. Heavy debt introduces an element of taint into a man’s search for happiness. There seems to be a perpetual burden every waking hour. There is a sense of being perpetually threatened as he rides the razor’s edge of potential disaster.
There is also the sense of waste—much like the man who has to make payments on a dead horse. It is money spent for pleasures or even needs that are long since past, It often means sleepless nights, recoiling under the burden of a grinding weight which is constantly increasing with every tick of the clock, and often at usurious rates.
An excerpt from: The Five Thousand Year Leap (Kindle Locations 370-372). Verity Publishing. Kindle Edition. Written by: W.Cleon Skousen.
His travels have taken him to most of the United States, as well as Australia, Belize, Egypt and the Canary Islands.
He has studied the Mayan culture of Central America as well as the aborigines of Australia. Photography has given him the opportunity to observe life in various parts of the world.
He has published several books about his adventures.
For more information, please consult his website,www.journeysthrulife.com.
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