4.8 • 6.9K Ratings
🗓️ 18 May 2014
⏱️ 12 minutes
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0:00.0 | So I'm not really that religious, but today is a Sunday. |
0:04.8 | So for today's book of the day, I decided I would read the Bible, specifically Proverbs, |
0:11.3 | you know, which is like the wisest book, the Book of Wisdom. |
0:15.7 | And one passage really stood out to me, Proverbs 7. |
0:19.3 | It says, the borrower is the slave of the lender. |
0:24.2 | And I had to think, you know, I just read in the United States, the average person owes |
0:28.6 | something like $200, $250,000. |
0:32.6 | They owe $15,000 in credit cards. |
0:34.9 | They owe about $120,000, $30,000 on their home. |
0:39.0 | They owe $30,000 on just cars. |
0:43.5 | They owe $40,000 or more on school loans. |
0:47.7 | That's pretty crazy. |
0:48.9 | And so, you know, there's all this kind of occupy Wall Street and hate against capitalism. |
0:55.7 | And maybe some of that is rightfully so. |
0:57.8 | I think in general, it doesn't make sense. |
1:00.0 | It's not corporations that are the problem. |
1:02.4 | Just remember, corporations in the world are owned by shareholders. |
1:07.5 | And the 300 million people in America and people in the world, most of us are the shareholders. |
1:13.2 | If you have a 401k, if you have an IRA, if you own mutual funds, you're invested in these |
1:17.1 | corporations. |
1:18.1 | So the corporations themselves are not necessarily quote unquote evil, whether the banks are |
1:23.7 | lending money at high interest rate. |
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