Saturday, July 18, 2015
all money in existence is owned by the rich - the rich rent it to poor - the cost to pay the rent is hidden in the price of everything
By CNu at July 18, 2015 0 comments
Labels: banksterism , debt slavery , global system of 1% supremacy
Thursday, July 09, 2015
the eu's historically perplexing miscalculations about greece
The Europeans' Mistaken Reasoning
By CNu at July 09, 2015 0 comments
Labels: debt slavery , doesn't end well , Living Memory
Monday, June 29, 2015
time to repo puerto rico....,
By CNu at June 29, 2015 5 comments
Labels: debt slavery , doesn't end well , What Now?
Wednesday, June 10, 2015
...while germans laugh at the vampire squid
By Dale Asberry at June 10, 2015 0 comments
Labels: banksterism , debt slavery
vampire squid sucking the blood out of it's most productive...
Slashdot |
There are some valid points raised in Lee Siegel's 1,100 word rant against college loans (if not so much against college education). There are also some bad ones. But two things are clear: the words "personal" and/or "responsibility" were used precisely zero times. Siegel, who described himself as "the author of five books who is writing a memoir about money," is hardly a glowing advertisement for the return on nearly a decade in university just to achieve a Master of Philosophy degree. (ed: emphasis mine)
New York Times | ONE late summer afternoon when I was 17, I went with my mother to the local bank, a long-defunct institution whose name I cannot remember, to apply for my first student loan My mother co-signed. When we finished, the banker, a balding man in his late 50s, congratulated us, as if I had just won some kind of award rather than signed away my young life.
By the end of my sophomore year at a small private liberal arts college, my mother and I had taken out a second loan, my father had declared bankruptcy and my parents had divorced. My mother could no longer afford the tuition that the student loans weren’t covering. I transferred to a state college in New Jersey, closer to home.
Years later, I found myself confronted with a choice that too many people have had to and will have to face. I could give up what had become my vocation (in my case, being a writer) and take a job that I didn’t want in order to repay the huge debt I had accumulated in college and graduate school. Or I could take what I had been led to believe was both the morally and legally reprehensible step of defaulting on my student loans, which was the only way I could survive without wasting my life in a job that had nothing to do with my particular usefulness to society.
I chose life. That is to say, I defaulted on my student loans.
As difficult as it has been, I’ve never looked back. The millions of young people today, who collectively owe over $1 trillion in loans, may want to consider my example.
It struck me as absurd that one could amass crippling debt as a result, not of drug addiction or reckless borrowing and spending, but of going to college. Having opened a new life to me beyond my modest origins, the education system was now going to call in its chits and prevent me from pursuing that new life, simply because I had the misfortune of coming from modest origins.
Am I a deadbeat? In the eyes of the law I am. Indifferent to the claim that repaying student loans is the road to character? Yes. Blind to the reality of countless numbers of people struggling to repay their debts, no matter their circumstances, many worse than mine? My heart goes out to them. To my mind, they have learned to live with a social arrangement that is legal, but not moral.
By Dale Asberry at June 10, 2015 0 comments
Labels: banksterism , big don special , debt slavery
Thursday, June 04, 2015
Bro.Feed: What Happened to the Rt. Hon.Michael Manley's Organic Competency Development Agenda?
“The imperialists applied the same ‘successful’ Chile model of destabilisation in Jamaica. They applied the same strategy of ‘making the economy scream,’ creating artificial shortages of basic items, promoting violence, including the savage murder of 150 people in a home for the elderly. Violence erupted in Jamaica as was never seen before in the ‘shock and awe’ tactics mastered by the imperialists whenever they want to create fundamental change in someone else’s country. Manley and Jamaica yielded under the pressure and eventually took the IMF route.”
“The port of Kingston is lined with high-security factories, made available to foreign garment companies at low rent. These factories are offered with the additional incentive of the foreign companies being allowed to bring in shiploads of material there tax-free, to have them sewn and assembled and then immediately transported out to foreign markets. Over 10,000 women currently work for foreign companies under sub-standard work conditions. The Jamaican government, in order to ensure the employment offered, has agreed to the stipulation that no unionization is permitted in the Free Trade Zones. Previously, when the women have spoken out and attempted to organize to improve their wages and working conditions, they have been fired and their names included on a blacklist ensuring that they never work again.”
By CNu at June 04, 2015 8 comments
Labels: banksterism , debt slavery , The Hardline
Thursday, February 26, 2015
why WaPo call this a dangerous revolt?
By CNu at February 26, 2015 14 comments
Labels: debt slavery , presstitution , What Now?
Friday, January 16, 2015
for whom the muzzein calls....,
When you are broke, you can't plan ahead or shop sales or buy in bulk. Poor people wait to buy something until they absolutely need it, so they have to pay whatever the going price is at that moment. If ten-packs of paper towels are on sale for half price, that's great, but you can only afford one roll anyway. In this way, poor people actually pay more than others for common staple goods.
I buy "fish" antibiotics online because I can't afford health care. … Amoxicillin and such. Mostly for husband who has Lyme's disease. We can't afford our monthly health care rates. We are 30somethings in the US. Really feel like a "bottom feeder".
I'm making $150- $200 a week and I need new shoes. So I can buy $60 shoes that will last or $15 walmart shoes. So I buy the walmart shoes and some groceries instead of just the $60 shoes and no groceries. Three months later I'll need new shoes again. But I'll also have to pay rent and my light bill is due. So I'll pay the light bill and buy some "shoe glue" for $4 to fix my shoes for another few weeks until I can buy the $15 ones again.
By CNu at January 16, 2015 5 comments
Labels: austerity , debt slavery , Livestock Management
Thursday, November 13, 2014
can it be that it was all so simple?
By CNu at November 13, 2014 0 comments
Labels: conspicuous consumption , cowardice , debt slavery , disinformation , dopamine , hegemony , status-seeking
Thursday, September 04, 2014
rule of law: harvard and mit both hip deep in payday loan sharking...,
By CNu at September 04, 2014 0 comments
Labels: banksterism , debt slavery
Wednesday, August 27, 2014
rule of law: slave leasing capital misery designs and exports modes of human bondage
By CNu at August 27, 2014 0 comments
Labels: American Original , debt slavery , Livestock Management
rule of law: misery ground zero for extreme usury - another form of "poor peoples tax"...,
By CNu at August 27, 2014 0 comments
Labels: Collapse Crime , debt slavery , Rule of Law , What IT DO Shawty...
missouri residents use payday loans twice as much as the national average...,
By CNu at August 27, 2014 0 comments
Labels: debt slavery , Rule of Law , What IT DO Shawty...
Tuesday, April 08, 2014
the myth of working your way through college...,
This is interesting. A credit hour in 1979 at MSU was 24.50, adjusted for inflation that is 79.23 in today dollars. One credit hour today costs 428.75.
By CNu at April 08, 2014 0 comments
Labels: Collapse Casualties , debt slavery , edumackation
Sunday, March 09, 2014
blustering bankster beehotches be wyhlin....,
By CNu at March 09, 2014 3 comments
Labels: banksterism , debt slavery , predatory militarism
Tuesday, November 05, 2013
who owns the u.s. public debt?
By CNu at November 05, 2013 0 comments
Labels: banksterism , debt slavery
Sunday, February 24, 2013
the global debt-slavery confederacy requires austerity
By CNu at February 24, 2013 1 comments
Labels: agenda , debt slavery , Deep State
Sunday, July 15, 2012
debt slavery 2012: judicially sanctioned extortion racket
When she was next pulled over, she was, of course, driving without a license. By then her fees added up to more than $1,500. Unable to pay, she was handed over to a private probation company and jailed — charged an additional fee for each day behind bars.
For that driving offense, Ms. Ray has been locked up three times for a total of 40 days and owes $3,170, much of it to the probation company. Her story, in hardscrabble, rural Alabama, where Krispy Kreme promises that “two can dine for $5.99,” is not about innocence.
It is, rather, about the mushrooming of fines and fees levied by money-starved towns across the country and the for-profit businesses that administer the system. The result is that growing numbers of poor people, like Ms. Ray, are ending up jailed and in debt for minor infractions.
“With so many towns economically strapped, there is growing pressure on the courts to bring in money rather than mete out justice,” said Lisa W. Borden, a partner in Baker, Donelson, Bearman, Caldwell & Berkowitz, a large law firm in Birmingham, Ala., who has spent a great deal of time on the issue. “The companies they hire are aggressive. Those arrested are not told about the right to counsel or asked whether they are indigent or offered an alternative to fines and jail. There are real constitutional issues at stake.”
Half a century ago in a landmark case, the Supreme Court ruled that those accused of crimes had to be provided a lawyer if they could not afford one. But in misdemeanors, the right to counsel is rarely brought up, even though defendants can run the risk of jail. The probation companies promise revenue to the towns, while saying they also help offenders, and the defendants often end up lost in a legal Twilight Zone.
By CNu at July 15, 2012 6 comments
Labels: Collapse Casualties , debt slavery
Monday, May 07, 2012
icelandic anger brings debt forgiveness
Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross domestic product, easing the debt burdens of more than a quarter of the population, according to a report published this month by the Icelandic Financial Services Association.
“You could safely say that Iceland holds the world record in household debt relief,” said Lars Christensen, chief emerging markets economist at Danske Bank A/S in Copenhagen. “Iceland followed the textbook example of what is required in a crisis. Any economist would agree with that.”
The island’s steps to resurrect itself since 2008, when its banks defaulted on $85 billion, are proving effective. Iceland’s economy will this year outgrow the euro area and the developed world on average, the Organization for Economic Cooperation and Development estimates. It costs about the same to insure against an Icelandic default as it does to guard against a credit event in Belgium. Most polls now show Icelanders don’t want to join the European Union, where the debt crisis is in its third year.
The island’s households were helped by an agreement between the government and the banks, which are still partly controlled by the state, to forgive debt exceeding 110 percent of home values. On top of that, a Supreme Court ruling in June 2010 found loans indexed to foreign currencies were illegal, meaning households no longer need to cover krona losses.
Crisis Lessons
“The lesson to be learned from Iceland’s crisis is that if other countries think it’s necessary to write down debts, they should look at how successful the 110 percent agreement was here,” said Thorolfur Matthiasson, an economics professor at the University of Iceland in Reykjavik, in an interview. “It’s the broadest agreement that’s been undertaken.”
Without the relief, homeowners would have buckled under the weight of their loans after the ratio of debt to incomes surged to 240 percent in 2008, Matthiasson said. Fist tap Dale.
By CNu at May 07, 2012 0 comments
Labels: debt slavery , People Centric Leadership
Wednesday, November 02, 2011
consent needed for debt repayments
By CNu at November 02, 2011 2 comments
Labels: debt slavery , states rights
You Know You Done Fucked Up, Right?
nakedcapitalism | “Jury Instructions & Charges” (PDF) [Judge Juan Merchan, New York State Unified Court System ]. Merchan’s instruct...
-
theatlantic | The Ku Klux Klan, Ronald Reagan, and, for most of its history, the NRA all worked to control guns. The Founding Fathers...
-
Video - John Marco Allegro in an interview with Van Kooten & De Bie. TSMATC | Describing the growth of the mushroom ( boletos), P...
-
dailybeast | Of all the problems in America today, none is both as obvious and as overlooked as the colossal human catastrophe that is our...