Posts Tagged ‘BANK’

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by Ellen Brown

Higher education has been financialized, transformed from a public service into a lucrative cash cow for private investors.

The advantages of slavery by debt over “chattel” slavery – ownership of humans as a property right – were set out in an infamous document called the Hazard Circular, reportedly circulated by British banking interests among their American banking counterparts during the American Civil War. It read in part:

Slavery is likely to be abolished by the war power and chattel slavery destroyed. This, I and my European friends are glad of, for slavery is but the owning of labor and carries with it the care of the laborers, while the European plan, led by England, is that capital shall control labor by controlling wages.

Slaves had to be housed, fed and cared for. “Free” men housed and fed themselves. For the more dangerous jobs, such as mining, Irish immigrants were used rather than black slaves, because the Irish were expendable. Free men could be kept enslaved by debt, by paying them wages that were insufficient to meet their costs of living. On how to control wages, the Hazard Circular went on:

This can be done by controlling the money. The great debt that capitalists will see to it is made out of the war, must be used as a means to control the volume of money. . . . It will not do to allow the greenback, as it is called, to circulate as money any length of time, as we cannot control that.

The government, too, had to be enslaved by debt. It could not be allowed to simply issue the money it needed to meet its budget, as Lincoln’s government did with its greenbacks (government-issued US Notes). The greenback program was terminated after the war, forcing the government to borrow from banks – banks that created the money themselves, just as the government had been doing. Only about 10% of the “banknotes” then issued by banks were actually backed by gold. The rest were effectively counterfeit. The difference between government-created and bank-created money was that the government issued it and spent it on the federal budget, creating demand and stimulating the economy. Banks issued money and lent it, at interest. More had to be paid back than was lent, keeping the supply of money tight and keeping both workers and the government in debt.

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Probably.

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Jeb Bush Exposed as Former Covert CIA Operative, Linked to Drug Cartels and Money Laundering

Let’s not also forget:

What they (were) hiding down in Venice, Florida

According to local law enforcement who loaded the records from Huffman Aviation and Florida Flight Training Center (where 9/11 hijackers trained) aboard a C130 at Sarasota International Airport the day after September 11th, when it flew out Jeb Bush was aboard.

Those records were never to be seen again. Jeb Bush, governor of Florida, also ordered the mobilization of the National Guard “in Case of Terrorism” for the State of Florida on September 7th of 2001, four days before the “surprise attack” of 9/11. This is one of the enduring mysteries.

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Was Alex Brown a CIA Front When It Was “Innocuously” Shorting 9/11?

WJZ Exclusive: Baltimore Banker Reveals His Double Life As A CIA Agent