Regardless designer kitchens of debt the American public faces, it seems t

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According to Oxford Dictionary the term Slave is defined as a person designer kitchens who is the legal property of another and is forced to obey them as in the case of the United States during the 18 th and 19 th centuries where slavery was a legalized institution. Oxford dictionary also defines slavery as a person who works very hard without proper designer kitchens remuneration or appreciation as in today s world of a person working for a company or corporation where their efforts are usually under appreciated. It also describes a slave as a person who is excessively dependent upon or controlled by something or a device, or part of one, directly controlled by another designer kitchens . Debt can be an instrument used to control an individual or a nation for that matter. In this case, an individual is dependent upon Credit to buy products. designer kitchens
Then designer kitchens the credit becomes a debt that has to be repaid. It becomes a control mechanism as the creditor becomes the Slave Owner and the debtor becomes the Slave . What is the point? In today s world of unlimited credit, consumers become modern-day slaves to their creditors. What is the difference between slavery in 18 th century America with imported African slaves designer kitchens and the America of 2013? There is no difference besides the physical abuse of the African slaves by their owners. In America, consumers suffer psychological abuse by its creditors. As long as an individual remains in debt bondage, that person will have to repay that debt until the day that person literally dies in most cases.
Black designer kitchens Friday is the day that starts the most important holiday for big name retailers and Wall Street speculators designer kitchens and that is Christmas. It is the shopping season that investors, economists and corporations pay close attention to as they measure consumer confidence and the profits they reap from consumer spending. Major retailers and corporations such as Wal-Mart expect to make profits. Wall Street expects consumers to spend on Black Friday through the Christmas holidays following the Federal Reserve s continued policies of Quantitative Easing (QE). Economists across the spectrum predict that the new Federal Reserve chairwoman Janet Yellen will continue to buy US bonds indefinitely continuing Ben Bernanke s current policies.
All the while consumers continue to accumulate debt. Black Friday was marked designer kitchens with chaos followed by violence as mobs of consumers raided shopping centers and malls for discounts designer kitchens and sales on numerous products including flat screen televisions, toys, clothing and other goods they most likely don t need. Regardless of the economic situation, consumers will continue designer kitchens to buy. Granted, Christmas is about giving your loved ones gifts in a traditional sense. It is also about spending time with the family. It is supposed to be a joyous holiday for families, but the American population is mired in debt ranging from credit cards, mortgages, designer kitchens student loans and auto loans. Earlier this month Bloomberg reported that U.S. households increased their debt levels by continuing to borrow at unprecedented levels:
Consumer indebtedness rose $127 billion to $11.28 trillion, designer kitchens the biggest increase since the first quarter of 2008, according designer kitchens to a quarterly report designer kitchens on household debt and credit released today by the Fed district bank. Mortgage balances climbed $56 billion, student loans increased $33 billion, auto loans were up $31 billion and credit-card debt rose by $4 billion.
We observed an increase of household balances across essentially all types of debt, Donghoon Lee, senior research economist at the New York Fed, said in a statement. With non-housing debt consistently increasing and the factors pushing down mortgage balances waning, it appears that households have crossed a turning point in the deleveraging cycle.
Consumerism has taking hold in America. The population continues to stampede at malls and in some cases injuring and even killing individuals. designer kitchens In 2008, a Wal-Mart worker was trampled to death in Long Island, New York by a stampede of hungry consumers looking for bargains. There were also several people injured during the incident. This Black Friday proved to be more of the same as shoppers filled shopping malls. Some malls experienced violent crowds pushing and fighting with each other over items that were on sale. It is absolutely mind boggling to see average people become violent over products sold at major retail stores. designer kitchens Morality is in decline in America.
Regardless designer kitchens of debt the American public faces, it seems t