May 25, 2011
Santiago, Chile

Debt is slavery... or at least indentured servitude of the worst kind.  That looming mortgage, the high interest credit card debt, the short-term car loan-- these are the forces that keep people from breaking free and taking action.

Ironically, debt begets more debt. According to FinAid, the average US student loan debt for a four-year private university graduate is nearly $36,000, and $24,000 for public. Throw in that first car loan and maybe a mortgage, and suddenly you're staring at hundreds of thousands of dollars in demoralizing claims on your future income.

At this point, most people figure... 'hey, I'm already in[...] Click here to continue reading