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Showing posts with label debt slaves. Show all posts
Showing posts with label debt slaves. Show all posts

Saturday, December 11, 2010

5 Signs the End is Near for the Criminal Banks

When will we get justice from the banksters?  HINT: As soon as we demand justice and not a moment sooner.


Activist Post

Could it be any more clear?  The international banks are proven criminal entities -- everyone knows it, and everyone is beginning to openly say it. Yet they are still apparently considered "Too-Big-to-Jail" by our public legislators. 

Politicians from around the world continue to bow to the will of the banksters, whether they be in the private sector, privately-owned central banks, or global private banks, while the people continue to be brazenly looted to fund their criminal enterprise. 

Our leaders are being forced by the international banks to give them public pensions and demand higher taxes without the consent of the voting public. So much for sovereign countries making their own laws.  This, after these very bankers brought the nations of the world to their knees in the first place.  The emperor is nearly naked for all to see; however, the final curtain to be pulled will thrust the angry populace well over the tipping point when they realize their servitude was purchased with fraudulent money. 



It's all an illusion to enslave us. This insanity is about to end. We have the power to change our reality, but only if we have the collective awareness, courage and will to take it.  The time for liberty and justice is here for free humans to live in a lawful society.  We must immediately demand justice: seize the criminals' assets, release all debt prisoners, and reform our monetary system.

Here are 5 signs that the end is near for the criminal banks:

1.  Global Awareness is growing among the peasants:  Bloomberg recently reported that more than half of Americans polled want the Fed reined in or abolished.  This poll indicates tremendous expansion of the public's knowledge of the Fed in America. This tipping point of awareness has already turned to rage in Europe.

2.  Wikileaks to release Banking file:  Regardless of what these new cables actually reveal, the WikiLeaks saga has hit center stage and will undoubtedly reveal a further wealth of criminal activity.  This soap-opera-like, headline-grabbing story is guaranteed to penetrate even the laziest of mainstream news viewers.  

3.  Defaulting on Debt as a form of protest:  The global awareness of the Greatest Bank Robbery of both individuals and governments already has led to a major shift in mentality regarding debt and one's obligation to pay it back.  People are refusing to pay their credit cards (or not using them); walking away from mortgages; and are suing banks in the fraudulent mortgage scam.  This is a movement that is beginning to recognize the system itself as an immoral one, so there is no moral obligation to further support criminality by participating.  This is a massive paradigm shift which will have a "trickle-up" effect, as this mentality eventually asserts itself on governments to stop cooperating with the proven thieves of the banking industry.  Governments will have to make the choice either to throw the banksters under the bus, or face their own possible collapse.  

4.  Ron Paul to chair Fed oversight: Author of End The Fed, Ron Paul, was named chairman of the House subcommittee on Domestic Monetary Policy that oversees the Fed.  He openly and repeatedly refers to the bankers as criminals in nearly every interview.  This is clearly a sign that the Fed's days of running the plantation are coming to an end.  Over 25 years in the making, Ron Paul finally will have his platform.

5.  After-the-Fed debate heats up:  The focus until this point has been to End The Fed.  Now the focus has shifted to the assumption that the Fed's days are truly numbered.  The time has arrived for groups advocating a new monetary policy to fiercely debate what type of system should replace the current private central bank.  This preparation and debate indicates that a collapse of the current banking structure is a foregone conclusion.

The above points are being addressed simultaneously as discussion is increasing about the fact that it is mathematically impossible ever to pay off the fraudulent debt that has been created.  Once this is realized by the majority, the end of the criminal banks will be seen not only as a near-term possibility; it will be seen as a self-evident necessity.  It is, in fact, The Bankers or Us:


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Tuesday, November 30, 2010

Ireland's Debt Servitude

Ambrose Evans-Pritchard
Telegraph

Stripped to its essentials, the €85bn package imposed on Ireland by the Eurogroup and the European Central Bank is a bail-out for improvident British, German, Dutch, and Belgian bankers and creditors.

The Irish taxpayers carry the full burden, and deplete what remains of their reserve pension fund to cover a quarter of the cost.

This arrangement – I am not going to grace it with the term deal – was announced in Brussels before the elected Taoiseach of Ireland had been able to tell his own people what their fate would be.


The Taoiseach said afterwards that Brussels had squelched any idea of haircuts for senior bondholders: a lack of “political and institutional” support in his polite words: or “they hit the roof”, according to leaks.

One can see why the EU authorities reacted so vehemently. Such a move at this delicate juncture would have set off an even more dramatic chain reaction in the EMU debt markets than the one we are already seeing.
It is harder to justify why the Irish should pay the entire price for upholding the European banking system, and why they should accept ruinous terms.

I might add that if it is really true that a haircut on the senior debt of Anglo Irish, et al, would bring down the entire financial edifice of Europe, then how did any of these European banks pass their stress tests this summer, and how did the EU authorities ever let the matter reach this point? Brussels cannot have it both ways.

Read Full Article

RELATED ARTICLE:
Citizens of Europe Rage Against the Machine



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Saturday, November 27, 2010

Debt turmoil, contagion fears sweep Europe

Illustration: Market Oracle
Barry Hatton
Associated Press

LISBON, Portugal – Europe struggled mightily Friday to keep the debt crisis from engulfing country after country. Portugal passed austerity measures to fend off the speculative trades pushing it toward a bailout and Ireland rushed to negotiate its own imminent rescue.

As Portugal and Spain insisted they will not seek outside help, creating an eery sense of deja-vu for investors, Europe braced for what seems inevitable — more expensive bailouts.

The Portuguese Parliament approved an unpopular debt-reducing package, including tax hikes and cuts in pay and welfare benefits. But while that helped to avoid a sharper deterioration in bond markets, the sense among analysts was that the move had only bought a little time.


Adding to the pressure, Ireland's major banks were hit with credit downgrades — one to junk bond status — as speculation mounted that the EU-IMF bailout of Ireland, to be revealed within days, would require investors to take losses, a possibility earlier denied by officials.

"This confusing `pea-soup' of indecision, vacillation and disunity by the EU is beginning to create unnecessarily seismic waves of fear in international bond and money markets," said David Buik, markets analyst at BGC Partners.

Yields in fiscally weak eurozone countries remained near record highs Friday, stocks slumped across the board and the 16-nation euro lost another 0.8 percent on the day to trade at $1.3241, just off two-month lows.

Portugal's high debt and low growth have alarmed investors, but the government insists it doesn't require an international rescue — a line ominously reminiscent of claims by Greece and Ireland before their massive rescues.

Analysts say markets need more reassurance from EU leaders that the rot can be stopped in Portugal before spreading to Spain, the continent's fourth-largest economy — a scenario that would threaten the 16-nation euro currency itself.

The financial crisis took a step in that direction this week, as it increasingly becomes apparent that bond investors will not be pacified by austerity measures but want weak countries' public finances to be plugged once and for all. Greece, which accepted a bailout six months ago, and Ireland are still far from being able to return to international debt markets.

Read Full Article

RELATED ARTICLE:
Eurozone Debt Crisis 2.0: Dollar Sucks Less than Euro, Again


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Monday, November 22, 2010

Is Slavery Legal In America?

Reality Blog

While one might be shocked at the presentation of such a question about such a historically controversial subject, one might also not be worse off to simply read their Constitution of the United States…

Let’s have a look at the 13th Amendment to the Constitution of the United States:
Section 1. Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.
Section 2. Congress shall have power to enforce this article by appropriate legislation.
So, let’s break this down and comprehend what this really means:

The phrase “Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted…” simply translates to -
“Slavery and involuntary servitude are illegal unless the court system (the state) makes it legal by conviction (court order).
In other words…
“The state has the authority to enslave you simply by convicting you of a crime and sending you to private prison or requiring community service through state approved agencies.”
Now we must understand that slavery in the United States was not legal or illegal until individual states made it so. Instead, it was just an accepted practice of common law brought over to the United States by the English settlers who were already accustomed to owning slaves. While southern states continued with their tolerance of the ownership of people (of any race or color) either through slavery or by indentured servitude (involuntary servitude), one by one the Northern states individually outlawed the practice, though this was not necessarily done by altruistic means as much as political ones.

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Wednesday, October 6, 2010

The Prison Industry: Big Business or New Form of Slavery

Vicky Pelaez
NORML

HUMAN rights organizations, as well as political and social ones, are condemning what they are calling a new form of inhumane exploitation in the United States, where they say a prison population of up to 2 million - mostly Black and Hispanic - are working for various industries for a pittance. For the tycoons who have invested in the prison industry, it has been like finding a pot of gold. They don't have to worry about strikes or paying unemployment insurance, vacations or comp time. All of their workers are full-time, and never arrive late or are absent because of family problems; moreover, if they don't like the pay of 25 cents an hour and refuse to work, they are locked up in isolation cells.

There are approximately 2 million inmates in state, federal and private prisons throughout the country. According to California Prison Focus, "no other society in human history has imprisoned so many of its own citizens." The figures show that the United States has locked up more people than any other country: a half million more than China, which has a population five times greater than the U.S. Statistics reveal that the United States holds 25% of the world's prison population, but only 5% of the world's people. From less than 300,000 inmates in 1972, the jail population grew to 2 million by the year 2000. In 1990 it was one million. Ten years ago there were only five private prisons in the country, with a population of 2,000 inmates; now, there are 100, with 62,000 inmates. It is expected that by the coming decade, the number will hit 360,000, according to reports.

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