12 Ways to Cut the Chains of Financial Serfdom

June 09, 2023

by Charles Hugh Smith Of Two Minds

Just because nobody talks about financial serfdom doesn’t mean it’s not real.

Ours is a neofeudal economy of financial serfs in servitude to a Financial Aristocracy. The Financial Nobility / Aristocracy own all the debt and the serfs owe the debt to the Aristocracy. The serfs own assets that don’t generate much income, the Aristocracy owns assets that generate trillions of dollars in income. The serfs pay high tax rates if they make above-poverty wages, the Financial Nobility pay low taxes thanks to tax-avoidance scams arranged by the Aristocracy’s toadies and lackeys in the Central State. The serfs create value, the Financial Nobility is parasitic.

That we are powerless is one of the key social control myths constantly promoted by the Status Quo. What better way to keep the serfs passive than to reinforce a belief in their powerlessness against Financial Feudalism?

But we are not powerless. Our complicity gives the Financial Aristocracy its power. Remove our complicity and the Aristocracy implodes.