The numbers are astonishing. This is evil on a whole different level.
(www.cbp.gov)
🤡 US Policy Clown World 🌎
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Less than 40M in debt bondage you say? I think you may have missed a zero or two in your estimate.
I agree the numbers are under represented but not by a factor of 10. Maybe globally … that would be accurate.
ANYWAY, the classic term is debt peonage. We have become a high-consumption, low saving society. We are bashed over the head from before we could walk with scorched targeted advertising. Brutal “buy or die” marketing (get this or fall behind in the social order), easy credit, and eventually, the consumption function becomes a driver in the economic policy of the nation. That exact moment in time, was literally the beginning of the end. Profits over principles. Corporations over citizens … hell, now the courts even consider corporations “people” for a lot of shit (campaign contribution).
Debt peonage is a soft way of saying … we are going to aggressively sell you all we can, then get the rest through taxes, permits, back-door taxing your money by printing fucking mountains of it and sucking the value from it until it is worthless.
Every person who relies on notes from any Central Bank is either in debt bondage, or, if they have no debt whatsoever and never pay any tax (including car registration, property tax, etc.), are contributing to an increase in debt bondage for someone else.
Debt is money. Money is debt. We pay taxes because we are in debt bondage simply by using their monetary system. That is the justification for taxation. We owe the bank the fruits of our labor because they own us through our national debt. That is why the banks, through the IRS, can confiscate all of your property on suspicion of a tax crime (no due process required). Because legally speaking, they own everything as collateral on our debt. That is also why they can come and take your home if you don't pay property taxes, or take your car if you don't pay registration. The bank owns those things as collateral for the municipality's loans from the bank (bonds). Those property taxes, or car registrations go to pay the interest on those loans. If you don't pay them, the bank takes your stuff.
Everyone who uses that system is in some degree of debt bondage. As a whole society, the debt can't be paid off. It is impossible. Thus we are in a permanent indenture, from which we can never possibly escape unless we rebel against the slave masters.
The number of people in debt bondage is billions. Almost everyone in the "civilized" world.
They cant take your car for not paying registration fees, but you will be ticketed if you get caught driving it without the little sticker on your plates.
I don't know what world you live in, but they absolutely can and have.
I got a hefty ticket when I forgot to renew during a traffic stop