Tag Archive for money

Financial Slavery

When people think of the word slave, for the most part they picture African workers who were imported in order to work on farms during when the United States was first formed. Slavery is generally thought of as something that has occurred in the past when the world was less civilized even though in the modern world, trafficking of children and sex workers has grown to about 800,000 people a year. As horrible as the traditional type of slavery is, it’s nothing when compared with the new age and sophisticated slavery that exists in the modern world. Today, the majority of people in society are considered human capitol whose place is to serve the will of a select few people and multinational corporations which own almost every piece of property and land in the world. They way the new age slave state has been implemented has been through financial control that is designed to deceive people into thinking that they are indeed the owners of their own possessions.

The average American has $8329 worth of credit card debt and people with one credit card or more owe an average of $10679 which adds up to $972.73 billion nationwide according to the Nilson Report. With the declining economy credit card companies are set make more money as people struggle to pay their bills with their regular paychecks and are forced to use their services to survive during the tough economic times. Credit card companies are almost immune to economic downturns and even seem to thrive during those times since their services are used more; not to mention that people who only make the minimum payments increase. Even if you pay your bills on time your rates my still rise and new fees are being imposed in order to make up for some of the more risky loans the companies have made.

People tend to distance themselves from the government often forgetting that the government is a representation of them and in turn forgetting that when the government spends money; they are actually spending the money of common people. Today the national debt is almost $12 trillion which is around $38,750 for each man woman and child in the country. Without any other factors, a child is born owing tens of thousands of dollars to private banks and foreign countries. The only things that are certain in American life are death, debt and taxes.

One form of debt that usually isn’t factored into a person’s financial well being is the mortgage that they owe on their houses. According to the Federal Reserve Americans also owe $14.483 trillion in mortgage debt. While many financial advisors consider mortgage debt a good debt, many families have fallen victim to high rates due to Adjustable Rate Mortgages where payments reflect the state of the current economy. Predatory lending has been common practice in the past few years resulting in millions of people losing their homes and livelihoods.

As the economy failed last year, some of the largest banks who have been directly responsible for home loans and the misrepresentation of their value trough shady business practices have failed. Under the threat of a complete economic collapse congress agreed to bail out the companies that had caused the crisis in the first place. The banks said that if they received a bailout, they could keep loaning money to businesses and home owners to keep the economy afloat. The public was given a number of $700 billion but according to Bloomberg, the American tax payer is now on the hook for $23.7 trillion (which is more money going to private bankers than every home mortgage is worth) in order to save the economy. Even with all of the money that has been loaned to the banks by the taxpayer, so the banks can loan it back to us at a higher rate, the banks have been extremely slow to restore the flow of cash to the people who have given them their money.

The new religion of environmentalism, which does nothing to protect the environment, is quickly becoming one of the forefronts of the financial burdens imposed on the American people. Congress is actively working on a cap and trade system based on companies and a person’s “Carbon Footprint” in order to raise more money for more social programs. Under this program, the taxes, which are based on every aspect of life on the planet, will be paid to international bankers who will then redistribute the wealth to third world countries and multinational corporations.

Aside from upcoming environmental taxes there is another tax which is almost never talked about, the inflation tax. The inflation tax is more of an unofficial tax that occurs when the Federal Reserve prints more money reducing the value of the money that already exists. In the past year the Federal Reserve has printed and poured hundreds of billions if not trillions of dollars into the stock market and international banking institutions to combat the global financial crisis. The money that the Federal Reserve has caused commodities such as gold, to rise as result of the value of the dollar has falling to an all time low.

Those are just a few of the common examples of the debt the American public are entitled to pay. Every day there’s a new debt added to the list. Whether it’s from a personal credit card, government spending, new taxes or even medical bills; almost no one is immune to overspending. The end result is that the human capital is used to pay off large debts while never truly owning the purchases that they have made. The era of cheap credit and money has lead to a way of life where people spend the majority of their lives in order to pay off the debts of not only themselves, but of every person in the country. The entire nation has become a slave of private international banks and multinational corporations who have created the money out of nothing that we are required to pay.

Supporting Societies Addictions

The war on drugs has taken many forms and evolved in order to combat an increasingly organized distribution network throughout the world without much success in modern times. There are a plethora of excuses as to why after hundreds of billions of investments there are more drugs, addictions and drug-related violence on our streets all of which seem to make sense until they are examined for what they are; complex lies designed to fool the public while at the same time encouraging the use of the substances that are supposedly being banned. Why are drugs illegal and why with all the money invested in prevention does the problem seem to get worse year by year? In the real world, there is no reason to stop the flow of drugs, prevent addiction or stop drug related violence. You see, drugs are big business that serves, not only to enrich corporations, destroy the family and community structure but also to ensnare any victim of their use into the multi-billion dollar prison system.

It’s no secret how much money people spend on illegal drugs but one aspect that remains hidden in mainstream news is how much of it is laundered through international banks and the stock market. While there aren’t any concrete numbers of exactly how much drug money is laundered through world banks; the IMF estimated in 1996 between two to five percent of the world’s gross national product is subject to money laundering (drugs make up a large portion of that money) with the low estimates ranging at 500 billion dollars and the high upwards of 2 trillion dollars. The amount of money being laundered is so great that Reuters reported on January 9th 2009, that drug money had actually propped up failing banks, keeping them afloat during the financial crisis.

Aside from the direct money that drugs create, they also create thousands of jobs throughout the United States through the governments War on Drugs. According to the Bureau of Justice statistics 20 percent state inmates were sentenced due to drug related crimes it does not mention however the percentage of violent crime is resulting from drug violence and trafficking. Either way, all of the inmates need somewhere to go and that’s where prisons get funding from. Non-violent money is so important to the prison system that in 2008 the California Prison Guards Union fought against Proposition 5, which would offer rehabilitation programs to nonviolent offenders because it would reduce the size of the prison population and therefore result in lost jobs. The drug trade has been a very profitable part of the prison business with no signs of a decline any time soon.

One of the greatest effects of the current drug laws can be seen in poor communities throughout the country, namely the destruction of the family structure in inner cities. As the drugs flow into the community and the jobs flow out, the residents are given a choice to either sell drugs or work a low paying job that can barely sustain the worker. While the drug money is good for a time, there is always the ever present danger of being arrested and placed in jail which leaves many families without strong and capable male role models. The end result of the low end drug dealing in many urban areas is children are left without parents to raise them in the proper way but who in turn are raised on the streets by drug dealers and criminals. The degradation of the family structure only serves to create future uneducated drug dealers and addicts to perpetuate the cycle of hopelessness that the residents of the poorer neighbor hoods have come to live in. What better way is there to keep people in the prison system while at the same time keeping them from questioning the abysmal living situation that they’re in?

With all of these contributing factors, it’s obvious that there is no real reason for government to stop the flow of drugs onto the streets, there’s simply too much money and control that’s comes from prohibition. It’s no wonder that the CIA has be caught numerous times shipping drugs into the country, one of the most famous examples was during the Iran Contra Affair where drugs were shipped into inner cities, and supported the production of drugs throughout the world. Even the war on terror has helped the global drug trade by removing the anti-heroin Taliban and ignoring the explosion of poppy farmers which has all lead to an increase in heroin flowing through the global markets.

Hollywood likes to portray drugs like they’re cool and a form of rebellion but as I’ve shown; drug use only furthers the agenda of the people and corporations in power. Due to all of the pro-drug propaganda even the mainstream news and children’s shows advertises legal drugs to combat depression or any other conditions that can be created in the mind of marketers. We are totally surrounded by drugs and encouraged to use them by the mainstream media who portray them as a quick fix to all of a person’s problems. Even though most of the advertising is for legal drugs, it wouldn’t be a big step; those drugs are used illegally and create an acceptance of usage in general life.

People need to step back and take a look at the world that they live in and ask themselves if they want to live in a world of addiction and dependence or if they would like a real change. It would be easier, in the short term at least, to keep the war on drugs functioning in the way that it has. Real change would come at a high price, the economy would suffer, jobs would be lost and we’d have to come to terms with the idea that drugs have been and always will be a part of society. With the acceptance that drugs will never go away, real policies, treatment and education would be just a step away but in the end, no pill could dull the withdraw that society would feel real drug reform would bring.

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