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— Randy Alcorn"How can we recognize if we're falling into materialism's trap? Christ's words were direct and profound: "Where your treasure is, there your heart will be also" . What we do with our possessions is a sure indicator of what's in our hearts. Jesus is saying, "Show me your checkbook, your credit card statement, and your receipts for cash expenditures, and I'll show you where your heart is." What we do with our money doesn't lie. It is a bold statement to God of what we truly value."
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You can pretty much trace when the big individual indebtedness kicked in, and it was when the credit card became generally available.
— Margaret Atwood
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So we are in for years of debt deflation. That means that people have to pay so much debt service for mortgages, credit cards, student loans, bank loans and other obligations that they have less to spend on goods and services. So markets shrink. New investment and employment fall off, and the economy is falls into a downward spiral.
— Michael Hudson
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