Proverbs 22:7 reads: “The rich ruleth over the poor, and the borrower is servant to the lender.”
Weather you are a follower of Christ or not, these are powerful words of wisdom. If it makes you feel better you can say you got the advise from George Clason’s classic “The Richest Man in Babylon”.
Simply put, when you barrow money from someone you are not obligated to pay that money back are working to meet that obligation until your debt is paid off. Therefore, as the barrower you are now working for the lender and are an indentured servant until your pay off your debt to them.
So with that concept in mind, who do the people of the United States owe money too due to the National debt we have allowed our representatives to incur, From Reuters report:
- China: $906.8 billion
- Japan: $877.4 billion
- United Kingdom: $477.6 billion
- Oil exporters, which include Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya, and Nigeria: $213.9 billion.
- Brazil: $177.6 billion
- Hong Kong: $139.2 billion
- Caribbean banking centers, which include Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama: $133.7 billion
- Russia: $131.6 billion
- Taiwan: $131.2 billion
- Canada: $125.2 billion