alajac

Minyanville: Subprime Lending Is Back with a Vengeance

the first "Colonial scrip" link should be to en.wikipedia.org/wiki/...

Minyanville: Subprime Lending Is Back with a Vengeance

Autolander - You said:
"We are telling them it's okay to leach off the system. It's okay to walk away from your agreements. It's okay for you to dishonor your word - the most valuable thing you have."

We need some historical context here.

This country was BUILT (and the land you live upon was obtained) by YOUR government walking away from its agreements.

Governments are the DE FACTO owners of ALL the property within their dominion (i.e., the extent of the claims on natural resources/property that they are able and willing to defend); they set up "DE JURE" ownership (however they like) to try to ensure and enhance their own survival and maximize profits for whoever has control of that government.

In our particular case that would be "rich people": that is, at least since 1787-1789 when they hired a private army to put down Shays Rebellion (a group of Massachusetts farmers and Revolutionary War vets who had gotten fed up with being "cash cows" for the rich) and decided that, the next time they had to do something like that (put down a revolution or steal some more land), they wanted "the cash cows" to foot the bill for hiring the thugs, and so they got George Washington riled up enough to come out of retirement (he was so easy to "work") and they got Ben Franklin (and perhaps likewise Tom Paine) onto their side by loaning him enough money to buy a shipload of Bank of North America shares. (They also made Franklin's son-in-law a BNA director.)

Franklin, part of Pennsylvania's banking-dominated delegation to the "Constitutional Convention" - doesn't that term sound a lot better than "Counter-Revolution"? - argued during the "Convention" AGAINST the "Colonial Scrip" -see eh.net/XIIICongress/cd... - that he had helped set up and had previously lauded so much that England had passed the Currency Act of 1764 in order to outlaw the colony-issued paper money that was cutting into English banking profits; that law was said by Franklin and others to have been the principal cause of The Revolution.

The US Constitution was created to give the rich the weapons they required to keep the cash cows in line, while at the same time (and this is the best part) convincing the cows that they have some voice in how things on the farm are run. Everything else is just "smoke and mirrors". It was harder back when everybody knew everybody else in a community, but now the oligarchs just run some attack ads and make sure that only their own people are able to get on ballots and the rest is history. Pretty ironic that the weapon that put the gun to your head is looked to as "our last, best hope".

And so here we are today.

Basically it comes down to this: if they need to screw or kill or maim some (or even all) of the cash cows (foreign or domestic, since the herd owned by "USA, Inc." now pretty much includes everybody in the whole world, the other governments in the world having the same "de jure" status as US homeowners and may continue so only as long as the real owners allow) in order to maximize profits, that's just what has to (and will) happen. Got it?

Whether or not some poor people get a good deal or get to sponge a little or whatever is totally irrelevant to our cash cow farm owners: as long as a good bit of the labor of the cows goes into their pockets, everything else is a nitpick. They are not doing this BS to help anyone but themselves.

If you thought there was anything you could do about it, would you be doing it? See my plan on the "alajac" page of u4prez.com for what I believe will fix it (with no shooting required).


See also "Creating the U.S. Dollar Currency Union, 1748-1811: A Quest for Monetary Stability
or a Usurpation of State Sovereignty for Personal Gain? (start on page 15 with "RHETORIC VERSUS REALITY AT THE CONSTITUTIONAL CONVENTION") at
eh.net/XIIICongress/cd...