We all grew up in a world of work. To live, we had to work. And there was much work to do. We trusted that there will always be jobs requiring workers.
Most of us were not well paid. To acquire what we needed, we had to borrow. We needed consumer loans, mortgages, and credit cards. Most of the time we had debt and we had to pay interest to the lenders.
This system worked well as long as there were persons with wealth and capital to hire us or there were government agencies to give us jobs.Occasionally, our system fails […]
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