2012 financial chaos

How did we get into this 2012 financial chaos?

There are all types of debt including credit card debt, personal and bank loans, mortgage contracts, only to name a few. On another level addiction of any kind could potentially be considered a debt since the addict serves a ruler or supplier.

Am I preaching? Maybe!!!! If so, let me bring up some proverbial wisdom to help me along on my quest to better understand the financial plague of 2012. These proverbs could go a long way to explain the fallacy of home ownership and the class crisis that we may confront sooner than later. I use home ownership and mortgage contracts solely as an example since the same could hold true for any debt-lender or slave-ruler situation.

Proverbs22:7, 23:7 and 22:1 tell this story of wisdom that could be used to shed light on how we got to this 2012 financial chaos.

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The rich rule over the poor and the borrower is the slave of the lender.
When you sit and dine with a ruler, note well what is before you and put a knife to your throat if you give in to gluttony. Do not crave his delicacies, for that food is deceptive.
A good name is better than great riches: and to be respected is better than silver and gold.
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Did you see how we got to this 2012 financial chaos through those words of wisdom?

2012 financial chaos. .Version 2

If rewritten the same proverbs simply state that some people care much more about great wealth at any cost than about a name. They invite you to play their game of capitalism (true capitalism???) run on the sale of debt. In the end both lender and borrower are taking on social responsibility. In the case of mortgage contracts the mortgage broker or banker, backed by Freddie Mac or Fannie Mae,(in the usa) tempt the borrower with the often misused word "ownership".

Seriously, those who have their mortgage payed off fully can only really be considerd true home owners...same applies to most any debt to lender ratio. And even then what do you really own if you are unable to pay property tax and utilities and home insurance...

Owning debt is like owning a make up kit or even a magician's kit...

The owner of debt can cover up lots of what truly is the true value of reality. The lender will equally work from behind a smokescreen to cover an ugly reality. Any true 2012 buff will see the similarities between our 2012 financial chaos and the legendary struggle between Quetzatcoatl and Tezcatlipoca....