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Forum Post: "Indentured Servitude for Seniors ; Social Security Garnished for Student Debts", by Ellen Brown.

Posted 2 years ago on May 13, 2012, 7:22 p.m. EST by shadz66 (19985)
This content is user submitted and not an official statement

"Indentured Servitude for Seniors : Social Security Garnished for Student Debts".

by Ellen Brown.

  • "Security program…represents our commitment as a society to the belief that workers should not live in dread that a disability, death, or old age could leave them or their families destitute." -- President Jimmy Carter, December 20, 1977.

  • '[This law] assures the elderly that America will always keep the promises made in troubled times a half century ago…[The Social Security Amendments of 1983 are] a monument to the spirit of compassion and commitment that unites us as a people.' -- President Ronald Reagan, April 20, 1983.

So said Presidents Carter and Regan, but that was before 1996, when Congress voted to allow federal agencies to offset portions of Social Security payments to collect debts owed to those agencies. (31 U.S.C. §3716). Now we read of horror stories like this:

I’m a 68 year old grandma of 2 young grandchildren. I went to college to upgrade my employment status in 1998 or 1999. I finished in 2000 and at that time had a student loan balance of about 3500.00.

Could not find a job and had to request forbearance to carry me. Over the years I forgot about the loan, dealt with poor health, had brain surgery in 2006 and the collection agents decided to collect for the loan in 2008.

At no time during the 6-7 year gap did anyone remind me or let me know that I could make a minimum payment on the loan. Now that I am on Social Security (have been since I was 62), they have decided to garnishee my SS check to the tune of 15%.

I have not been employed since 2004 and have the two dependents . . . . I don’t dispute that I owed them the $3500.00 but am wondering why they let it build up to somewhere around $17,000/20,000 before they attempted to collect.

Her debt went from $3500 to over $17,000 in 10 years?! How could that be?

It seems that Congress has removed nearly every consumer protection from student loans, including not only standard bankruptcy protections, statutes of limitations, and truth in lending requirements, but protection from usury (excessive interest). Lenders can vary the interest rates, and some borrowers are reporting rates as high as 18-20%. At 20%, debt doubles in just 3-1/2 years; and in 7 years, it quadruples. Congress has also given lenders draconian collection powers to extort not just the original principal and interest on student loans but huge sums in penalties, fees, and collection costs.

The majority of these debts are being imposed on young people, who have a potential 40 years of gainful employment ahead of them to pay the debt off. But a sizeable chunk of U.S. student loan debt is held by senior citizens, many of whom are not only unemployed but unemployable. According to the New York Federal Reserve, two million U.S. seniors age 60 and over have student loan debt, on which they owe a collective $36.5 billion; and 11.2 percent of this debt is in default. Almost a third of all student loan debt is held by people aged 40 and over, and 4.2% is held by people over the age of 60. The total student debt is now over $1 trillion, more even than credit card debt. The sum is unsustainable and threatens to be the next debt tsunami.

Some of this debt is for loans taken out years earlier on their own schooling, and some is from co-signing student loans for children or grandchildren. But much of it has been incurred by middle-aged people going back to school in the hope of finding employment in a bad job market. What they have wound up with is something much worse: no job, an exponentially mounting debt that cannot be discharged in bankruptcy, and the prospect of old age without a social security check adequate to survive on.

Gone is the promise of earlier presidents of a “commitment to the belief that workers should not live in dread that a disability, death, or old age could leave them or their families destitute.” The plight of the indebted elderly is reminiscent of the Irish immigrants who came to America after a potato famine in the 19th century, who were looked upon in some places as actually lower than slaves. Plantation owners kept their slaves fed, clothed and cared for, because they were valuable property. The Irish were expendable, and they were on their own.2

It is obviously not a good time to raise interest rates on student debt, but they are set to double on July 1, 2012, to 6.8%. Many lawmakers in both parties agree that the current 3.4% rates should be extended for another year, but they can’t agree on how to find the $6 billion that this would cost. Republicans want to take the money from a health care fund that promotes preventive care; Democrats want to eliminate some tax benefits for small business owners.

Congress cannot agree on $6 billion to save the students, yet they managed to agree in a matter of days in September 2008 to come up with $700 billion to save the banks; and the Federal Reserve found many trillions more. Estimates are that tuition could be provided free to students for a mere $30 billion annually. The government has the power to find $30 billion -- or $300 billion or $3 trillion -- in the same place the Federal Reserve found it: it can simply issue the money.

Congress is empowered by the Constitution to “coin money” and “regulate the value thereof,” and no limit is set on the face amount of the coins it creates. It could issue a few one-billion dollar coins, deposit them in an account, and start writing checks.

But wouldn’t that be inflationary? No. The Fed’s own figures show that the money supply (M3) has shrunk by $3 trillion since 2008. That sum could be added back into the economy without inflating prices. Gas and food are going up today, but the whole range of prices must be considered in order to determine whether price inflation is occurring. Housing and wages are significantly larger components of the price structure than commodities, and they remain severely depressed.

There is another way the government could find needed funds without raising taxes, slashing services, or going further into debt: Congress could re-finance the federal debt through the Federal Reserve, interest-free. Canada did this from 1939 to 1974, keeping its national debt low and sustainable while funding massive programs including seaways, roadways, pensions, and national health care. The national debt shot up only when the government switched from borrowing from its own central bank to borrowing from private lenders at interest. The rationale was that borrowing bank-created money from the government’s own central bank inflated the money supply, while borrowing existing funds from private banks did not. But even the Federal Reserve acknowledges that private banks create the money they lend on their books, just as central banks do.

U.S. taxpayers now pay nearly half a trillion dollars annually to finance our federal debt. The cumulative figure comes to $8.2 trillion paid in interest just in the last 24 years. By financing the debt itself rather than paying interest to private parties, the government could divert what it would have paid in interest into tuition, jobs, infrastructure and social services, allowing us to keep the social contract while at the same time stimulating the economy.

For students, at the very least the bankruptcy option needs to be reinstated, usury laws restored, predatory practices eliminated, and the cost of education brought back down to earth. One possibility for relieving the burden on students would be to give them interest-free loans. The government of New Zealand now offers 0% loans to New Zealand students, with repayment to be made from their income after they graduate. For the past twenty years, the Australian government has also successfully funded students by giving out what are in effect interest-free loans. The loans in the Australian Higher Education Loan Program (or HELP) do not bear interest, but the government gets back more than it lends, because the principal is indexed to the Consumer Price Index (CPI), which goes up every year.

Predatory lenders are keeping us in debt peonage through misguided economics and bank-captured legislators. We have people who desperately want to work, to the point of going back to school to try to improve their chances; and we have mountains of work that needs to be done. The only thing keeping them apart is that artificial constraint called “money”, which we have allowed to be created by banks and let out at interest when it could have been created by public institutions for public purposes, either by direct issuance or through publicly owned banks. We just need to recognize our oppressors and throw off their yoke, and the good times can roll again.

~

fiat lux ...

~

Ellen Brown is an attorney, author, and president of the Public Banking Institute. In "Web of Debt", her latest of eleven books, she shows how the power to create money has been usurped from the people, and how we can get it back. Her websites are :

[Article copied verbatim under "Fair Use" from : http://www.informationclearinghouse.info/article31309.htm & use this to access corroborating relevant links.]

102 Comments

102 Comments


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[-] 2 points by GirlFriday (17435) 2 years ago

Good post.

[-] 1 points by shadz66 (19985) 2 years ago

Cheers and also for your consideration :

fiat justitia ...

[-] 2 points by gestopomillyy (1695) 2 years ago

http://studentaid.ed.gov/PORTALSWebApp/students/english/IBRCalc.jsp

you can only get loans thru the direct loan program now. no banks involved. using the above link.. you can see that if you only make 20k you only have to pay 20 bucks a month. catch is.. you can never never miss a payment

[-] 1 points by shadz66 (19985) 2 years ago

Thanx for this link which may well be very useful to prospective students & their families in The U$A.

minima maxima sunt ...

[-] 2 points by Odin (583) 2 years ago

Very good article shadz. I have become a lot more empathetic to the plight of students since being with OWS, as I have talked to some of them in NYC. One of the worst universities that adds to student problems is New York University, only blocks away from Zuccotti/Liberty Park. They make promises of increased aid to students in subsequent years which are often not honored. They have also steered students to banks where NYU gets a kick-back from. Rather than spending money from their endowment to help students, they use that money to expand their campuses throughout the world There was a good article about this in The Village Voice, and I will try to find it, and put the link up. Here it is.

http://www.villagevoice.com/2011-11-09/news/debt-and-debtor/

[-] 2 points by Spade2 (478) 2 years ago

Ironic you should mention slavery, as it too is making it's comeback: http://occupywallst.org/forum/i-bet-most-of-yall-missed-this-horror-story/

[-] 3 points by shadz66 (19985) 2 years ago

Holy Shit !!! Talk about going from a bad dream to a nightmare and going from 'Frying Pan to Fire' !!

The out of control 'For Profit Prison-Industrial Complex' is yet another aspect of The U$A that is sucking the life blood out of The Citizens as attested by your disturbing 'forum post' the link from which, I append here : http://www.nola.com/crime/index.ssf/2012/05/louisiana_is_the_worlds_prison.html !

sic transit gloria mundi ...

[-] 2 points by Spade2 (478) 2 years ago

Yeah but Louisiana isn't gonna solve the problem, this requires solutions on a federal level.

[-] 1 points by shadz66 (19985) 2 years ago

In this case Louisiana IS The Problem ! It definitely requires solution at The Federal Level !!

Perhaps egged on by Amnesty International and other NGO's as well I'd argue !!!

ad iudicium ...

[-] 2 points by Spade2 (478) 2 years ago

Exactly, as a Louisiana resident, I can tell you the problem is bad, but just as bad is that it isn't big news at all outside of the state. That site is a local newspaper so the only ones that know are people in Louisiana that are powerless to stop this. That is why I posted it here, to draw attention to this travesty.

[-] 1 points by shadz66 (19985) 2 years ago

I'd strongly advise you to get in touch with Amnesty International ( http://www.amnestyusa.org/ ) and ask if they know about the situation &/or if they are running a campaign and for any advice. Get in touch with news desk at DemocracyNow! ( http://www.democracynow.org/ ) and take a look at this web-site too : http://www.zimbio.com/United+States+Prison+Reform . Good Luck 'S2'.

fiat justitia ...

[-] 2 points by Spade2 (478) 2 years ago

I'll try but there's a lot of suspicion regarding them in the South so I don't know if they can help.

[-] 1 points by JadedGem (895) 2 years ago

I live in the south too. They are always afraid someone will into the corrupt crap so they try to make everyone afraid of going over their heads. Time to go over some heads.

[-] 1 points by Spade2 (478) 2 years ago

Which state? It probably has a sizable prison population too.

[-] 2 points by JadedGem (895) 2 years ago

Also where they are really sticking it to people is the paid parole here, a judges mom is the company that collects the parole fees. We probably have a bit fewer in jails and prisons but insane numbers serving out long, long paroles and making those payments at every meeting.

[-] 1 points by Spade2 (478) 2 years ago

Wow, what's the justification they came up with for that?

[-] 3 points by JadedGem (895) 2 years ago

That county is so crooked they didn't even bother to try. They rig juries too. That would be Ware County. Most of the people are trying to be good. However the ones running things are trying to stick as much as humanly possible in their pockets. I suppose its typical.

[-] 1 points by JadedGem (895) 2 years ago

Georgia. I think so. we live in the middle of nowhere and there are two prisons within 20 miles.

[-] 1 points by Spade2 (478) 2 years ago

If you look at some of the tables in the article, you'll find that Georgia is #4 in the WORLD in terms of incarceration rate. Louisiana is #1.

[-] 2 points by JadedGem (895) 2 years ago

I wonder if anyone beats Georgia in parole dollars generated though!

[-] 1 points by shadz66 (19985) 2 years ago

'S2' : Suspicion be damned - your forum-post, link and this story need as much exposure as possible. Whoever comes to this story is going to be shocked and someone somewhere may know and care enough to set a ball rolling.

dum spiro, spero ...

[-] 1 points by Spade2 (478) 2 years ago

Did you read some of the comments? You'll find not everybody's against this and that's the problem. What liberalism that does exist in Louisiana is centered around college students in New Orleans and Baton Rouge. Outside of the these two cities is very poor and uneducated conservative community. Couple that with a black population also poor and uneducated and has very little participation in any form of political process or activism, and the fact that most of the private prisons are out of site in rural areas away from cities and one can start to see where this problem arises from. The Times Picayune is a pretty liberal news paper and you can see how long it took for them to pick up on this.

[-] 1 points by shadz66 (19985) 2 years ago

'S2' : I append herewith, two relevant links for consideration :

fiat lux et fiat justitia ...

[-] 2 points by Spade2 (478) 2 years ago

Thank you, I've looked into private prisons before but new material on it is always welcome.

[-] 2 points by JadedCitizen (4277) 2 years ago

I think it is time to say it - The American Dream has turned into the American Nightmare. The whole system has turned into a bloodsucking debt-pire.

I have outstanding loans I know are coming back to bite me. I went to school and graduated with a 4.0 and go to find a job and they decline me because of my credit score. Hey, I am not trying to borrow money from them, I am trying to make a living. How can I make a living to pay off my debt if you use my debt to keep me from getting a job. God Bless the United Debt-Pire of America.

[-] 3 points by shadz66 (19985) 2 years ago

Thanx 'JC' for your comment which further underlines the insidious nature of Indentured Debt Servitude. Student debt - once create and Generating Compound Interest is then sold and traded as an 'investment vehicle' generating 'returns' and the unconscionable nature and result of this is slowly but surely strangling the young people and students in The U$A and the entire nation will suffer in the long term.

I append this very interesting article and scroll down through this to access further relevant information on this matter :

fiat justitia ...

[-] 0 points by JadedCitizen (4277) 2 years ago

The good news is, we finally solved the immigration problem. America sucks so bad, now everybody wants out.

[-] 5 points by shadz66 (19985) 2 years ago

Is this the news that The Algonquin, Apache, Arapaho, Blackfoot, Cherokee, Cheyenne, Iraqois, Lakota, Navajo, Nez Perce, Oglala, Seminole, Ute, Winnebago ET AL have been waiting for ?!

Is emigration to Canada or in the future Cuba and other places soon on the cards ? Is the US set to suffer a 'brain drain' similar to the one it took advantage of in the 50's - 90's ?!!

In short ... just WTF is going on in The U$A these days ?!!!

multum in parvo ...

[-] 1 points by JadedCitizen (4277) 2 years ago

Must be something in the water from all the fracking going on...causes insanity

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[-] 2 points by shadz66 (19985) 2 years ago

How the f*ck are you getting away with all this BS Spamming ?!

ad iudicium ...

[-] -2 points by AntiQuisling (-2) 2 years ago

A Heads-Up For The Quislings

To "DKAtoday": What we don't know with certainty yet is who's paying you and your accomplices to subvert this forum - ostensibly for the OWS defiant - to co-opt them back into the flock of Demopublican compliant. We are painfully aware that we will never turn the lambs responsible for "99%" of the postings here into lions. But for the sake of the 1 in 100 that MIGHT raise their woolly heads, open their eyes and grow a pair, we cannot allow partisan operatives like YOU to reassure them that voting for the lesser of two corporate-controlled evils is an "exercise in democracy". You are a traitor to everything OWS stands for, "DKAtoday". And when the time is right, your protective veil of anonymity will be lifted. It was pierced several days ago. In the interim, I suggest you Google the word "Quisling".

P.S. Getting your accomplices to "ban" us once or one thousand times will change nothing.

[-] 1 points by shadz66 (19985) 2 years ago

What is this ? Why have you posted it here ? Who are you ? In short ... WTF ?! ad iudicium ...

[-] 1 points by gnomunny (6885) from St Louis, MO 2 years ago

He, she, it is copy pasting it all over the forum. It looks to be a fun night.

In a rare lapse, I mean 'fun' in the most double-speaky way possible.

[-] 1 points by shadz66 (19985) 2 years ago

Thanx gno(sis). I just had the very same comment but this time from some sly half-wit monikered as "DKWisling" on my recent 'forum-post' : http://occupywallst.org/forum/aipac-resolution-demanding-war-with-iran-on-house-/ where there is now only one comment, when there were 3 a short time ago and a rather similar thing happened to me yesterday too !

This repeated 'copy/pasting' is spam but the moderators are asleep, infiltrated, usurped by someone with mod-privileges or one of them is having an good old fashioned nervous breakdown / psychic meltdown. I referenced this in my now vanished reply !!

Some of the wide range of people who can possibly wish or want this situation on The Forum are Right-Wing, Randian Retards / Corporatists / balls undropped, immature 'plastic pseudo-anarchists' and Paid Trolls but in any event, The Jury's out as The Plot Thickens !!!

fallaces sunt rerum species ...

[-] 0 points by gnomunny (6885) from St Louis, MO 2 years ago

Appearances are indeed deceiving, my friend, to which I append (it must be contagious!) a PM (momentarily) for your perusal and opinion.

Google Translate is a lot of fun. Type in 'fallaces sunt' and it translates to 'tank top.' Oh, what a difference a rerum species makes!

Damn it, shadz, now you have me thinking about tank tops!

Wait, why am I complaining? Mmmmm, tank tops.

[-] 0 points by shadz66 (19985) 2 years ago

LOL ! You child of the 70's you !! Are "Charley's Angels" any help to your Mmmmusings ?!!!

ne quid nimis ...

[-] 0 points by gnomunny (6885) from St Louis, MO 2 years ago

They used to be!

ne quid nimis . . . aut ire caecus!

[-] 1 points by shadz66 (19985) 2 years ago

LOLOLOL !!! vincit qui se vincit ...

[-] 0 points by DKAtoday (22325) from Coon Rapids, MN 2 years ago

I would prefer that the Forum collapsed those troll comments with a -2000 to get across the point that it was a seriously crap comment. This removing of troll crap is removing to many good honest comments. This I think "IS" a new troll ploy. Have the forum work against itself.

[-] 2 points by shadz66 (19985) 2 years ago

I think that the idea may be to subvert this forum and drive folk away.

The mods are either 'awol' ; asleep or implicated in these goings on.

ad iudicium ...

[-] 1 points by DKAtoday (22325) from Coon Rapids, MN 2 years ago

I was thinking perhaps I should go away for awhile as I am currently the focus of a concerted attack and I can not comment anyway without the stalkers showing up to crap on someones post.

[-] 3 points by shadz66 (19985) 2 years ago

Maybe be more frugal and selective with your comments and look to 'reverse the play'. Stick around ; wait for The Haters to appear and sh*t on them from a great height !! Do a 'forum post' on what is happening to you, question the methods and motives of those who are on your case but to leave is to put a twisted smile on their faces - something that will surely stick in your craw.

nil desperandum ...

[-] 2 points by beautifulworld (22252) 2 years ago

No, DKAtoday, don't leave. That's what they want.

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[-] 1 points by jrhirsch (4714) from Sun City, CA 2 years ago

Don't reply to him. It's one person, that pogobat guy on the video.

http://www.youtube.com/watch?v=ngFmmKB6Jvs

He gets off on attention. It's his form of mental masturbation. You keep feeding him and it just makes him hungrier for more. If you leave, he will still be here. He hates to be ignored, that is the best offense.

For some of the other veteran posters here. Thrasy is logging in as a dozen or more new users everyday. He also seems to have a few dozen older logins he is still using. Nearly half of your replys are to him. Don't feed the troll!

[-] -1 points by DKAtoday (22325) from Coon Rapids, MN 2 years ago

Luv U 2.

Quisling?

Examples of QUISLING

<warned that all quislings would be punished without mercy>

Origin of QUISLING Vidkun Quisling †1945 Norwegian politician who collaborated with the Nazis First Known Use: 1940 Related to QUISLING Synonyms: apostate, backstabber, betrayer, double-crosser, double-dealer, Judas, traitor, recreant, serpent, snake, turncoat


Funny.

Yeah.

Sounds just like you and your blind marching crew of greedy corrupt criminal supporters.

Good one.

Thanks for raising your hand and waving for those who might not have recognized you yet.

[-] 1 points by stevebol (1269) from Milwaukee, WI 2 years ago

What does this have to do with being an indentured servant? debt is a big issue right now and from what I can gather debt is straight up slavery. Here's a good explanation of similarities and differences historically in the US;

http://delmarhistory8.wikispaces.com/file/view/Slaves+vs.+Indentured+Servants.pdf There's a show on PBS called Finding Your Roots. I saw it a few times and it was fairly boring but the recent one about Wanda Sykes is an amazing story. John Legends story is also very interesting. Overall it showed why our courts are such a critical part of our history.

[-] 1 points by gestopomillyy (1695) 2 years ago

i never realized that social security could be garnished for student loans. thats an abomination of amercan values

[-] 1 points by PublicCurrency (1387) 2 years ago

every day - more bad news - we must take back the power of the issuance of currency and credit.

“Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.

"We just need to recognize our oppressors and throw off their yoke, and the good times can roll again."

[-] 1 points by Reneye (118) 2 years ago

Yes, Yes, YES !! I say lets name these oligarchs. Lets stop using these blanket terms like bankers, elite's, globalists, etc. It doesn't matter if we stop Chase Bank, because the bank itself may fall, but the tip top owner of that bank who is lurking in the shadows, will still be there to set up another bank when the dust settles. The "Committee of 300" is a good place to start for names.

[-] 1 points by PublicCurrency (1387) 2 years ago

also, tons of documentation can be found at this site . . . including free downloads of Anthony Sutton's books . .

http://bigeye.com/antonysutton.htm

https://en.wikipedia.org/wiki/Antony_C._Sutton

[-] 1 points by Reneye (118) 2 years ago

Wow! This I will absolutely look into! I'm shocked I haven't seen this guy before. I am always on the lookout for such information. Did he die naturally, or did they 'get' him too?

[-] 1 points by PublicCurrency (1387) 2 years ago

not sure about that . .

I downloaded and read "Wall Street and the Bolshevik Revolution" from another site, and just came across this great site tonight. Although, I am not thrilled by the logo - one eye - an occult symbol.

In 1973 Sutton published a popularized, condensed version of the three volumes called National Suicide: Military Aid to the Soviet Union, and was thereby forced out of the Hoover Institution. His conclusion from his research on the issue was that the conflicts of the Cold War were "not fought to restrain communism", since the United States, through financing the Soviet Union "directly or indirectly armed both sides in at least Korea and Vietnam"; rather, these wars were organised in order "to generate multibillion-dollar armaments contracts". The update to this text, The Best Enemy Money Can Buy, looked at the role of technology transfers up to the 1980s. Appendix B of that text contained the text of his 1972 testimony before Subcommittee VII of the Platform Committee of the Republican Party where he summarized the essential aspects of his overall research:

In a few words: there is no such thing as Soviet technology. Almost all — perhaps 90-95 percent — came directly or indirectly from the United States and its allies. In effect the United States and the NATO countries have built the Soviet Union. Its industrial and its military capabilities. This massive construction job has taken 50 years. Since the Revolution in 1917. It has been carried out through trade and the sale of plants, equipment and technical assistance.

https://en.wikipedia.org/wiki/Antony_C._Sutton

[-] 0 points by Reneye (118) 2 years ago

Not surprising. When I listened to a whistleblower of the NWO way back, they divulged that the hub of the one world government was going to be Russia.

[-] 1 points by PublicCurrency (1387) 2 years ago

interesting . . .freedom lovers always feared the Communist threat.

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[-] 1 points by shadz66 (19985) 2 years ago

Oh for the halcyon days of mere "Wage Slavery" as we now slide darkly into 'Generational Indentured Debt-Bondage' !! ~{:-(

fiat justitia ...

[-] 1 points by PublicCurrency (1387) 2 years ago

Great post - thank you shadz!

I particularly love this paragraph:

"Predatory lenders are keeping us in debt peonage through misguided economics and bank-captured legislators. We have people who desperately want to work, to the point of going back to school to try to improve their chances; and we have mountains of work that needs to be done. The only thing keeping them apart is that artificial constraint called “money”, which we have allowed to be created by banks and let out at interest when it could have been created by public institutions for public purposes, either by direct issuance or through publicly owned banks. We just need to recognize our oppressors and throw off their yoke, and the good times can roll again."

http://www.WebOfDebt.com

http://www.TheMoneyMasters.com

http://www.Monetary.org

[-] 1 points by shadz66 (19985) 2 years ago

PC : Consider also the notion of physical 'Time Limited Money' with an expiry date. It can't be easily hoarded & thus must be spent into the economy in return for goods and services or exchanged for new money with for example a 0.5% redemption penalty. Further, I also append the following :

radix omnium malorum est cupiditas ...

[-] 1 points by PublicCurrency (1387) 2 years ago

“Let me issue and control a nation’s money and I care not who writes the laws.” Mayer Amschel Rothschild (1744-1812), founder of the House of Rothschild.

Money As Debt 1, 2, and 3 are EXCELLENT !! and would highly recommend them. I couldn't break away while watching . . .

Also, have downloaded a FREE copy of "Modern Money Mechanics," by the Federal Reserve and also purchased a copy from Amazon.

would you translate "radix omnium malorum est cupiditas ...?"

thx.

[-] 1 points by shadz66 (19985) 2 years ago

= "money is the root of all evil" ~{~ pax et lux ...

[-] 2 points by jrhirsch (4714) from Sun City, CA 2 years ago

How do you include "The love of" to the front?

[-] 1 points by shadz66 (19985) 2 years ago

cupiditas = 'the love of money' - so the above should have more accurately read "the root of all evil is the love of money" ! Thanx 'jrh' ;-) pax ...

[-] 1 points by PublicCurrency (1387) 2 years ago

thx - Is that French?

[-] 1 points by shadz66 (19985) 2 years ago

(Latin :-)

[-] 1 points by PublicCurrency (1387) 2 years ago

thx

[-] 0 points by MattLHolck (16833) from San Diego, CA 2 years ago

lol Education should be free

the government charge my 35000 when they offloaded my account to private interests

[-] -1 points by Shutoffthelights (-13) 2 years ago

How can education be made free? Sure, I know how government can make it look free by pushing the cost onto someone else, but I know of no way it can be made free. Help me out.

[-] 1 points by shadz66 (19985) 2 years ago

Could you sound a little less like "The Trashy-Bot" please ?! Thanx !!

verum ex absurdo !!!

[-] 0 points by Shutoffthelights (-13) 2 years ago

Nothing to add on how education becomes free? LOL.

[-] 3 points by shadz66 (19985) 2 years ago

You Trashy are a reactionary, pro-private profit, closet Corporatist whose imagination is fettered by Conservative 'Pro-Business' Shibboleths.

You are here to push That Corporate Line usually by insidious and devious means - such is the nature of your enterprise and you don't really deserve any substantive response from me. However ...

Is Education 4-18 "Free" in most of the 'developed' world (and as was the case in Iraq and Libya for instance) ? How much of a stretch of the imagination is it to 'imagineer' 18-21+ Education being Free (as was the case in Iraq and Libya) ? How do Germany, Netherlands & the Low Countries, Scandinavian Countries, Scotland and until recently The UK, do it & do higher earning graduates pay more taxes over the course of their working lives ?!

WhyTF should the education of the young, young people, students young and old ; the future workforce and taxpayers - be yet another source of Compound Interest Bearing Debt being traded and speculated for purely pecuniary private gain ?!!

If money can be found for War and Empire and Tax breaks, cuts and exemptions for Corporations and the 0.01% Oligarchs then why in the name of logic can it not be directed to The Citizenry and invested in them for the future good of all ?!!!

Here's a pretty picture and a report to take to your Corporate Overlords Trashy :

e tenebris lux ...

[-] 2 points by Shutoffthelights (-13) 2 years ago

But I pay my own bills and don't think government makes things free.

Maybe parlay those Latin skills into a job.

[-] 1 points by shadz66 (19985) 2 years ago

Unable and unwilling to debate the points and with "nothing to add on" the matter of Education then !

ad iudicium ...

[-] -1 points by Shutoffthelights (-13) 2 years ago

Grow up and take your place with adults paying their own bills. Your cries for more subsidy aren't working on me.

[-] 0 points by shadz66 (19985) 2 years ago

Do you even have a job other than spewing reactionary drivel here ?

fiat lux ...

[-] -1 points by Shutoffthelights (-13) 2 years ago

"The government should take money from other people and give it to me because _________". Go ahead, fill it in. LOL. Grow up and pay your own bills like other adults.

[-] 2 points by shadz66 (19985) 2 years ago

"The government should take money from other people and give it to me because we need to get you help in extracting your empty head from your fat (x) - as we are compassionate like that !" Also, shut your shit filled mouth 'cause you don't know squat about me Trashy !!

et temet nosce ...

[-] 0 points by Shutoffthelights (-13) 2 years ago

"The government should take money from other people and give it to me because it's compassionate." Sorry, but you're answer still doesn't have me going for my checkbook. Grow up and pay your bills like other adults.

[-] 2 points by shadz66 (19985) 2 years ago

WTF is a "checkbook" ?! Is that a book you 'check' to see if you are talking sh*t or not ?!! Have you got a real job other than pretending as though you know your (,,x,,) from your |_ (elbow) ?!!!

nosce te ipsum ...

[-] 1 points by Shutoffthelights (-13) 2 years ago

You're the one asking for subsidy, slugger, not me.

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[-] 3 points by shadz66 (19985) 2 years ago

You are a halfwit of quite enormous proportions really aren't you ? Simplistically bleating "Revolution and Anarchy" whilst actually advocating 'more of the same staus quo' is as intellectually cogent as a Chocolate Tea Pot ! You need a "revolution" in your inter-cranial space and the workings of the contents therein, me thinx !!

Now go try - Education ; Agitation and Organisation and sin no more ...

dum spiro spero ...

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[-] 1 points by MattLHolck (16833) from San Diego, CA 2 years ago

we are all dependent on the food that grows

after that , we should be free to pursue human knowledge

[-] -1 points by Shutoffthelights (-13) 2 years ago

You are free to pursue human knowledge, just not while riding on someone else's back who's mandated to carry you by government.

[-] 0 points by MattLHolck (16833) from San Diego, CA 2 years ago

we all ride the farmer's back

[-] 2 points by Shutoffthelights (-13) 2 years ago

So, that makes your education free... how?

No farmer is made to be a farmer.

[-] 0 points by shadz66 (19985) 2 years ago

I append herewith and Strongly Recommend, a very recent (10th May, 12) and relevant "Keiser Report" :

Max Keiser and Financial Journalist, Stacy Herbert are right on the cutting and leading edge of 'Bankster Analysis' and they have their usual chat (where Max has another one of his moments of justified apoplexy, lol) in the first have (~15 mins) BUT in this episode the 'expert guest' in the second half - one Chris Whalen ( http://www.tangentcapital.com/team/whalen.html ) - is bang on the button re. The Fed, Wells Fargo, Goldman Sucks and a whole lot more.

I recommend "The Keiser Report" ( http://rt.com/programs/keiser-report/) & "Capital Account - with Lauren Lyster" ( http://rt.com/programs/capital-account/ ) very highly to everyone who is serious about trying to understand US and Global 'Markets' and their workings and dark practices and there is some sound and free investment advice for those with the ears to hear.

Some other relevant links :

fiat lux ...

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[-] -1 points by Slabbers (10) 2 years ago

Indentured servitude? Isn't that a little strong?

[-] 1 points by gestopomillyy (1695) 2 years ago

how do you figure that it too strong? if you are so old you cant work but the government still garnished your 1000 amonth at 15% what do you call it? thats $150 leaves you 850 for rent, utilities, medicine , food, clothes, doctors and to pay some one to drive you to the doctor. (and medicaid does NOT pay the entire amount of doctors and medicine) . wht do you call that?

[-] 2 points by PublicCurrency (1387) 2 years ago

heartless and cruel, but there is plenty of money to fund military campaigns of death and destruction across the globe . . .plenty of money to fund the toxic debt of the "too big to fail banksters."

Private issuance and regulation of our credit and currency is the root cause of all our many problems. Over time whoever controls the currency will control the nation.

[-] 1 points by shadz66 (19985) 2 years ago

Further to your point, I append this interesting pie-chart & insight into "The Permanent War Economy" :

fiat pax ...

[-] 1 points by PublicCurrency (1387) 2 years ago

more and more I see that we are in a spiritual battle . .

great site here:

http://www.JosephPrince.org

[-] 1 points by PublicCurrency (1387) 2 years ago

great site

http://www.warresisters.org/

They state that they have been resisting war since 1923.

another great site is

http://bigeye.com/antonysutton.htm

You can download Sutton's books for free . . .

[-] 0 points by Slabbers (10) 2 years ago

I'd call that getting hosed. Not indentured servitude.

[-] 1 points by PublicCurrency (1387) 2 years ago

"All money is created in the form of debt to the privately owned banking cartel. Imagine if you could create money out of thin air. Imagine you have the credit cards of all the nations in your pocket. Your first impulse is to lend money to your nominees so they can buy most of the world's real wealth for you. Your second impulse is to establish a totalitarian system ("world government" globalization) to prevent any nation from challenging this system or defaulting on their "debt" to you. To make them accept "world government," you need to weaken them by having them fight among themselves, run up huge debts for armaments (which you will sell them), kill off the cream of their manhood, and become demoralized and decadent. You accomplish this through your ownership of politicians and the press and your control of MI-6, CIA who will carry out assassinations and acts of terror. This is the real history of the last 300 years." - Henry Makow

"We are grateful to the Washington Post, The New York Times, Time Magazine and other great publications, whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subjected to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national auto-determination practiced in past centuries." - David Rockefeller

[-] 0 points by Reneye (118) 2 years ago

Beautiful! This is the kind of post we need more of here. Only a few know this in North America. Europeans have learned this and understand who rules them. The globalist elites, other oligarchs and monarchs at the tip top are the ones who need to be exposed. People need to know that the ruling structure of the world is not what they think it is. They need to allow the possibility that everything they've been taught could be a lie. The natural reaction to this information is defensiveness, and I don't know how to get passed this when I talk to people and post here.

When I found out this information, I was shocked, but I didn't blame myself for being misled and lied to for years. It doesn't say anything bad about me, when the degree of sheer manipulation by think tanks of evil people who have obscene amounts of money to pull off criminal practices and hijack mass media for their own control.

People need to wipe the slate clean in their minds, and start from scratch. Its not hard. Just follow the money, and for pete's sake, open your minds.

[-] 1 points by PublicCurrency (1387) 2 years ago

Hello Reneye:

I was just getting ready to turn in for the night, but am glad to catch your post.

More and more I am understanding that we are in a spiritual battle.

Recently, I came across Pastor, Joseph Prince, of the largest church in Singapore. His messages are BRILLIANT and straight BIBLE teaching. He posts his weekly message online. Check it out at . . .

http://www.JosephPrince.org

[-] 0 points by Reneye (118) 2 years ago

Thanks PublicCurrency. I happen to be a non believer, although I do recognize the draconian doctrine and lifestyle led by the oligarchs. Insanity. Does Joseph Prince speak about any of that or what is happening with the global protests? If so, I'll give him a look. Now, just because we don't agree on religion doesn't mean I don't like your posts. I am a very unbiased person. I like what you have to say. Thanks.

[-] 1 points by PublicCurrency (1387) 2 years ago

Thank you, Reneye. I enjoy your posts tremendously. as well.

Would like to point out that the top of the TPTB ARE believers and practice many rituals . . all well documented.

Joseph Prince is an engaging speaker and fun to watch, you might give it a try. His message is VERY encouraging for these times.

[-] 0 points by Reneye (118) 2 years ago

Yes, I've amassed much information on the ritualistic practices as it pertains to elite paedophilia rings and posted on several occasions. Its dis-heartening to know how many people do not want to know about such things, despite how much it would help rescue the world's children from these elite monsters. Not to mention that people don't care that these crazed lunatics are ruling over us. I'll take a look at Joseph Prince, but don't hold it against me if I don't jump on board ;-)

[-] 1 points by PublicCurrency (1387) 2 years ago

No, no I would never hold it against you . .Follow your heart and mind in honesty.

[-] 0 points by Reneye (118) 2 years ago

Thanks....have a great night!

[-] 1 points by PublicCurrency (1387) 2 years ago

you too !

[-] 1 points by shadz66 (19985) 2 years ago

Sl@bbers : I don't know ... is it ?

Further, our own personal individual age or solvency is incidental to the reality of the generations to come, who will be pre-encumbered in DEBT - bondage, peonage, servitude or slavery or any other word !

Consider the reality and implications of entire nation states being "ensnared" by Geometrically Increasing Compound Interest Bearing Usurious Debt and please also consider the word "Jubilee" !!

Every 49/50 years the wise Old Testament elders would declare 'Jubilee' and there would be festivities and celebrations as the major part of this was that all debts would be cancelled. A son could pay his father's debts and a grandson too could be expected to repay his grandfather's debts but anything more was unreasonable and Generational Debt Servitude was ipso facto a bad thing & a thing to be avoided !!!

respice ; adspice ; prospice ...

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