Debt Serfdom comes to America, page 1/
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Topic started on 15-3-2008 @ 06:02 PM by DimensionalDetective

Debt Serfdom comes to America


www.webofdebt.com
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:
(visit the link for the full news article)





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[edit on 20/3/2008 by khunmoon]


reply posted on 15-3-2008 @ 08:52 PM by forestlady
reply to post by pacificwind



Well, how nice for you. Did you know that alot of people who are in debt got that way because they worked 2 jobs and STILL couldn't cover all their bills, such as utilities, water and groceries and other necessities? Wages have not risen, but rent, utilities, water, food and gas have all risen astronomically. I guess you haven't heard, but there are many, many decent people, who tried to save, tried to be fiscally responsible, but when your bills cost $600 a month, your rent is $800 (that is conservative in most any city) and you are only taking home maybe $1200 a month? (that's with making $12.00 per hour). Add to that, if you are single, you still end up paying money to the IRS.
The govt is sucking the money out of most citizens at this point.



reply posted on 15-3-2008 @ 09:34 PM by jackinthebox
reply to post by hotpinkurinalmint




You can control your spending and leave your credit card in your wallet.


Oh yes, that works out well. I am homeless now because I have no credit cards to "fall back on." Thanks a lot for supporting a corrupt system.


reply posted on 15-3-2008 @ 09:42 PM by pacificwind
Oh yes thats right, everyone in debt got that way because they worked those two jobs and just couldn't do anything but take on debt.

While emotional stories like this work to delude people, have you examined the facts? How many people take on debt because they want the plasma TV and how many take on debt because they needed to go to the emerrgency room and had no health insurance? Do your research - I'm not going to do it for you - the vast majority of those who are in debt at some point made the decision to get in that debt because they wanted something they couldn't pay for in cash at the time.

Sob stories don't work on me. Like many other people, I came from a family in poverty and worked multiple jobs to go through college and graduate school, as well as getting merit based aid. Yes it was hell, no it wasn't fun, but that's life. In an era where college is so easy to get into its laughable and the government throws enormous amounts of financial need based aid at people, there is no excuse for people not bettering themselves to get paid more.

I went to graduate school with a single women who worked 3 retail jobs, had 4 children, and was at one of the top graduate schools in the nation. She started college when she already had 4 kids and 2 jobs. And she didn't complain at all, nor blame her life situation on debt. If she can do it, anyone can.

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.

Did you know that a lot of people who are not in debt got that way because they worked 2 jobs and went to school in order to cover all their bills, such as utilities, water and groceries and other necessities? 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.


reply posted on 15-3-2008 @ 09:53 PM by jackinthebox
reply to post by pacificwind




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.


I have to laugh out loud at your ignorance. Obviously you have no idea what you are talking about. If you were ever in poverty, you would know what I am about to prove. So now I suggest that you do some research and stop babbling propagandist rhetoric.

"Poor people don't pay taxes."


reply posted on 15-3-2008 @ 09:56 PM by purplemonkey
lets initiate project mayhem...



reply posted on 15-3-2008 @ 10:37 PM by HimWhoHathAnEar
reply to post by pacificwind


posted by pacificwinds
Wages have risen above inflation


On what planet? Yet another outrageous statement that reveals your absolute naivete.

Inflation is exactly what is being discussed here. Yet you act like it's some Force of Nature. It is simply Taxation Without Representation and therefore Unconstitutional. Even Woodrow Wilson admitted what he had done after the treacherous act of 1913. Not that he had a choice, if he wanted to live that is!
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