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This form of "debt slavery" or "debt peonage" was not just an accidental development of history. It was a deliberately-planned alternative to the slave arrangement in which owners were responsible for the feeding and care of a dependent population, and it is still with us today. Although European financiers were in favor of an American Civil War that would return the United States to its colonial status, they admitted privately that they were not necessarily interested in preserving slavery. They preferred "the European plan": capital could exploit labor by controlling the money supply, while letting the laborers feed themselves. In July 1862, this ploy was revealed in a notorious document called the Hazard Circular, which was circulated by British banking interests among their American banking counterparts. It said:
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Originally posted by Trance Optic
"ouch my balls " tv shows,
[edit on 15-3-2008 by Trance Optic]
I had to laugh out loud if you think the IRS it taking a dime from anyone making $12.00 an hour. I make much more than that, and I get taxed at very low amount without any fancy tax tricks.
Originally posted by pacificwind
Wages have risen above inflation, and they continue to do this even though rent, utilities, water, food and gas have all risen astronomically. I guess you haven't heard, but there are many, many decent people, who save, and are fiscally responsible.
posted by pacificwinds
Wages have risen above inflation