Debts are indentures, contracts, binding you and your property to defined terms of repayment of the debt: house, car, credit cards, student loans, taxes, payday loans, child support, etc.
Formerly, tens of thousands of persons would bind their labor for a term of years in exchange for "free" passage to America; or such persons were brought here as British prisoners to work off their passages as colonial contract laborers. These persons were the first indentured servants. Africans were later exported to Virginia and Maryland from 1619 to labor as indentured servants, like the earlier persons for owners of large, colonial tracts lands taken from the indigenous Indians by force or fraud.
https://en.wikipedia.org/wiki/Indenture
Sunday, June 24, 2018
INDENTURES ARE STILL HERE
Debts are indentures, contracts, binding you and your property to defined terms of repayment of the debt: house, car, credit cards, student loans, taxes, payday loans, child support, etc.
Formerly, tens of thousands of persons would bind their labor for a term of years in exchange for "free" passage to America; or such persons were brought here as British prisoners to work off their passages as colonial contract laborers. These persons were the first indentured servants. Africans were later exported to Virginia and Maryland from 1619 to labor as indentured servants, like the earlier persons for owners of large, colonial tracts lands taken from the indigenous Indians by force or fraud.
https://en.wikipedia.org/wiki/Indenture