Discovering how to be debt free is not about paying the money you owe, it’s about learning how the pyramid money system works, which is the key to removing the fangs of credit monsters from your financial neck. Once you understand the basics, which are really simple, weird things happen and the process becomes fun. Yeah fun!

At the top of the financial food chain is the Federal Reserve, which are actually privately owned banks that control the money supply of governments. The “Fed” tells Uncle Sam how much money he can print out of thin air, the interest rate the banks will charge on this “newly created” money which in turn regulates how much tax “we the people” will pay to pay the bankers they haven’t really lent money.

It does make you want to open your own bank, however it is totally unnecessary because us little sardines with our woefully little debt means nothing to the financial appetite of the whales at the top and in fact makes our escape from the jaws of debt is very easy when you understand the pyramid scheme of money.

We will combine the next third of the pyramid with government entities like health care, defense, social security, entitlement programs, grants to states, and even government employees like one big sponge that absorbs billions of dollars that Uncle Sam has to pay and he must occasionally borrow from bankers to make ends meet.

Now the large section occupying the space above the “middle class” are the giant corporations like energy, food, transportation, entertainment, housing and the like, which we can collectively call Wall Street. These large corporations understand the money pyramid very well and tried to use that knowledge to produce more profit than a bank. It didn’t work!

We all know the story of the “burst bubble” on Wall Street and Uncle Sam’s bailout for those too-big-to-fail corporations that will create instant tax debt for their unborn grandchildren, hence the saying “nothing is certain except death.” and taxes” will probably be true in the future.

Now we come to the bottom of the pyramid where we the people, sometimes called consumers, are collectively responsible for feeding all of the entities mentioned above by doing real work to produce goods that are taxed along with our paychecks and that money evaporates back to the top to keep the bankers living the lives of the rich and famous.

If you haven’t gone to sleep yet or your brain is trying to digest this one page PhD on getting out of debt, then you really deserve an answer and here it is. The ever-changing money pyramid is in perpetual motion. You can have a 401K today and it can be gone in a few hours or your life savings are tied up in the stock market and suddenly gone.

The same is true for your unsecured debt or even your mortgage in our here today and gone tomorrow society. The key is to make the pyramid work for you. To do that, you need to stop thinking that you owe the bank real money and that you are obligated to pay it no matter what. Think of yourself as a “share of stocks” in the market.

Your value goes up, down, or stays the same when all of a sudden you get the big “pink slip” and your value drops dramatically, but your banker doesn’t believe it, so now you have to show him that your value in your 401(k) has gone down significantly. If you were on the Wall Street ticker there would be no problem and you would cease to exist in the banks’ portfolio.

In the constantly moving debt pyramid there is a common thread that prevents the entire system from collapsing and it is the rule of law. Bankers are used to being at the top of the food chain, so when a little shrimp doesn’t want to be eaten for lunch, rubbing a little law across his lips can sour his taste for you.

Bankers hate dirty work, so they use microbes to infest your life and eat up what’s left of your finances. They will harass you on the phone, send you billing notices in the mail, and threaten you with lawsuits or, in the case of your mortgage, foreclosure notices.

The Fair Debt Collection Practices Act will allow you to easily and legally terminate your unsecured debt and a forensic loan audit will reveal violations of federal law in your mortgage agreement, making the banker sweat when he sees your mortgage go down. vanishes

Understand the system and use your legal rights to become debt free without even considering bankruptcy or borrowing more money to stay afloat. Do you remember the last time you were on the phone with a government office and you had a big problem? Well, they just got a pink slip due to government downsizing, so even though they were “in the system” they don’t know about the system, but hopefully you do.