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>> UNITED STATES OF AMERICA Latest News

JAN 25, 2013 - Zero Hedge

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Guest Post: The Road To Debt-Serfdom

Via Charles Hugh-Smith of OfTwoMinds blog, Ours is a dysfunctional debt-based Empire that buys the complicity of its debt-serfs with entitlement bread and circuses. The road to debt-serfdom is paved by the banks and enforced by the Central State.If there is any point that is lost on ideologues, Progressive and Conservative alike, it is this: the first-order servitude and second-order tyranny of debt-serfdom can only occur if the banks' power is extended and protected by an expansive Central State.  Progressives are blind to the State's essential role in creating and ... Read More

Tags: Guest Post: The Road To Debt-Serfdom,  United States Of America Latest News