The “Hazard Circular” is an infamous document of historical significance. Yet, it is one that few, if any, Americans have any knowledge whatsoever.
In the “Hazard Circular,” American and British banking interests discussed the advantages of debt slavery over physical slavery. These interests favored the former, as the latter came with costs (e.g., housing, food, medical care, etc.).
A “free” people housed and fed themselves. And, a “free” people could be kept enslaved by debt, through wages insufficient to meet their cost of living, as the amount repaid exceeded the amount lent.
Such slavery continues today in many different forms. Of particular importance to us is the ongoing plight of the everyday American.
Whether the debt be tied to auto loans, mortgages, credit cards, medical bills, student loans, or a combination of the above, bankruptcy really isn’t an option for most Americans. And, for those burdened by an excessive amount of student loans debt, bankruptcy is not an option.
Most Americans have lost hope that they’ll ever be financially free. In fact, they’ve accepted the “fact” that they’ll never be able to pay down or even eliminate their debt.
Human nature dictates that a debt that can’t be paid won’t be paid. If default occurs, it damages credit and limits the ability to borrow for such things homes, autos, furnishings, etc.
This means a lifetime of “slavery” for most Americans.
Pretty depressing picture we just painted, isn’t it?
What, then, can be done to relieve the debt burden on individuals and families? How can the everyday American find and travel down the path to financial freedom?
Consider Cash Flow Mapping your financial situation AND implementing our debt elimination program. The individuals and families who have taken both steps typically eliminate all consumer debt in two years or less, mortgages in nine years or less, and student debt in half the time expected or less.
Our clients accomplish these outstanding feats without spending more than they currently spend on servicing their debt and usually with little effect on their current lifestyle.
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