Debt Slavery Quotes

Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits

Debt, n. An ingenious substitute for the chain and whip of the slavedriver.

A man in debt is so far a slave.

The rich rules over the poor, and the borrower is servant to the lender

In the 19th century, the chains [of slavery] were metal. Today, the chains are debt—the worker has to repay his transportation, his tools, his food.

War at home is matched by a war on youth. I wrote about this recently. Young people graduate with an average of $23,000 in student loan debt, and they are the ones saddled with it. Youth have become indentured servants and that turns them away from public service.

When you get in debt you become a slave.

The borrower is a slave to the lender and the debtor to the creditor.

Debt is the slavery of the free.

Once in debt, interest is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it; it yields neither to entreaties, demands, or orders; and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.

Debt never sleeps nor sickens nor dies; it never goes to the hospital; it works on Sundays and holidays; it never takes a vacation...it is never laid off work...it buys no food; it wears no clothes; it is unhoused... it has neither weddings nor births nor deaths; it has no love, no sympathy; it is as hard and soulless as a granite cliff. Once in debt, it is your companion every minute of the day and night; you cannot shun it or slip away from it; you cannot dismiss it...and whenever you get in its way or cross its course or fail to meet its demands, it crushes you.

Some have been ensnared in the net of excessive debt. The net of interest holds them fast, requiring them to sell their time and energies to meet the demands of creditors. They surrender their freedom, becoming slaves to their own extravagance.

To my mind, the main reason for the Depression in the United States as a whole, is the bondage of debt and the spirit of speculation among the people.

It’s going to put people into indentured servitude to the credit card companies.

Debt is more of a problem for Blacks than racism. Being in debt is being in slavery.

Debt is a trap which man sets and baits himself, and then deliberately gets into.

Debt can be the most addictive thing in the universe, and it can kill you. You get used to living high off the hog. It was intoxicating.

Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, aman of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity.

By taking out a loan, I am committing myself to years of interest repayments, and therefore to years of wage slavery. And the UK has been borrowing like crazy since 1694, when the Bank of England was invented. This means that we are locked into high taxation to pay for 300 years of wars and other costly and generally disastrous state enterprises.

But if you want to continue to be slaves of the banks and pay the cost of your own slavery, then let bankers continue to create money and control credit.

Debt is the most effective way to take a relation of violent subordination and make the victims feel that it's their fault.

Nobody's about saving anymore. No one cares about a rainy day anymore. Nobody saves up enough for even an umbrella for a rainy day. It's sad. It really is a new form of slavery. We used to work to be able to afford material things. Now we work for these things. They're the boss. That house you can't afford, that car that's out of your price range, that cellphone that drains your bank account - that's your boss.

Live within your means, never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man's surety.

Man hazards the condition and loses the virtues of a freeman, in proportion as he accustoms his thoughts to view without anguish or shame, his lapse into the bondage of debtor.

Student loans are destroying the imagination of youth. If there’s a way of a society committing mass suicide, what better way than to take all the youngest, most energetic, creative, joyous people in your society and saddle them with, like $50,000 of debt so they have to be slaves? There goes your music. There goes your culture. There goes everything new that would pop out. And in a way, this is what’s happened to our society. We’re a society that has lost any ability to incorporate the interesting, creative and eccentric people.