Such incremental steps gave rise to a loose system of debt restructuring.
People will certainly learn how to integrate into our system of debt and repayment with interest.
It is instructive to consider one prevalent system of debt slavery as a means of identifying the characteristics typical of the condition.
That system of debt slavery continued in the South until after World War II, when it gradually died out as the mechanization of farming became widespread.
Finding themselves deeply enmeshed in that system of debt slavery and faced with limited opportunities to eliminate their debt, many farming families ran away or moved frequently in search of better employment opportunities.
The serial-bond system of debt retirement is widely used by states and municipalities in a number of countries and has tended to replace the sinking-fund system in public issues.
It aims to abolish warrant sales, a peculiarly Scottish system of debt recovery under which people, mainly the poor, have their possessions impounded and sold by court-appointed officials.
"It's a fantastic way to both alleviate some debt but even more so to show the whole system of debt and how financial institutions have insinuated themselves in our lives to such an extent over the last 20 or 30 years that the American dream now is basically getting out of debt".
What is also needed, then, is clear-cut opposition not to this or that retailer, but to the system that produces pockets of low-wage economies in the south in order to feed a system of debt-fuelled consumption in the north.
But on the watch of local leaders, the program has morphed into a predatory system of debt collection for well-financed, out-of-town companies that turned $500 delinquencies into $5,000 debts — then foreclosed on homes when families couldn't pay.
