Howard's Views

ECONOMIC SLAVERY ACT OF 2005

SENATE BILL - S256 HOUSE BILL - HR 685

ECONOMIC SLAVERY IN AMERICA NOW A FACT!

 IT MAY BE ILLEGAL TO PRAY IN PUBLIC,
BUT IT IS NOT ILLEGAL TO PREY UPON THE PUBLIC!

Modern Day Chain Gang Prisoner

Over the past two decades millions of Americans have voluntarily become indentured servants (Economic Slaves) to the giant banking industry, but the chief reason that they so willingly entered into their indentured condition was due to the numerous deceitful practices of the banking industry.  Banks with such familiar names as MBNA, Wells Fargo, Bank of America, Capital One, Citibank, Fleet Boston, etc. joined forces in a massive effort to change this country from nation of savings-minded to a debtor mentality, and they were most successful at it. Once, also, there was some relief from injurious indebtedness, an escape valve called bankruptcy, but Congress has now closed the spigot and created a form of permanent indebtedness, the real shackles of slavery.  The situation today is similar to that of olde England or Colonial America, like Debtor's Prison. In Colonial times, an "Indentured Servant" was a debtor who was sentenced by a British Court to a period of servitude in order to work off his or her debts; often they were shipped to the new colonies to be sold to farmers, merchants, land-owners, and rich people for the amount of the debt; they then had to work it off and the period of time depended upon how much they owed. It was a form of Slavery, and they were literally white slaves. It was quite common in the original thirteen colonies. Immigrants from Europe, England and Ireland, who were too poor to pay for their passage were also sold into this form of slavery, with husbands, wives and children often separated, sent to different colories, never to find one another again. It was more than a hundred years before the Slave Trade between Africa and the British colonies flourished, but in the meantime this other form of servitude had existed.  Today that form of white slavery is seldom mentioned; it is as if it did not exist, but it did.  Some times these masters literally starved their servants to death, fed them as little as possible in the inhumane effort to minimize costs of this labor and maximize profits. Today, Servitude exists in a form not too unsimilar to that distant period in our history, although the conditions have changed a bit. What it really amounts to is is Economic Slavery, for credit card debtors who find it difficult, if not well nigh impossible, to pay on the principle of their indebtedness, and therefore use a good part of each month's wages merely paying interest on their debts.  It was intentionally planned by the Executives of the major banks, in close partnership with the Executives of Visa and Mastercard (among others), just as surely as the captain of a ship bound for Africa intended to bring back a load of slaves for the owners of that vessel and deliver them to a port in the southern portion of the American colonies.  That debt too often becomes a treadmill for the lower income group, and the sole slave-masters or profiteers are America's largest banks, such as Citibank, Wells Fargo, Capital One and Bank of America. The culprit, of course, is the system of credit cards, mainly through the debtors ill-advised use and abuse of plastic bearing the skin-searing indelible brand of Visa and MasterCard. But again, this is all well-planned out and those debtors are all purposely and deliberately included, mere numbers on a giant chart, numbers in computers, and their suffering has nothing to do with the overall purpose, to wring every last dollar possible out of them. The Executives are insulated from the stories of sickness, of hardship. of mental and physical problems, of age, of cyclones and hurricanes, of car wrecks, of break-ins, of stolen purses, of cancer with its brain tumors or failing kidneys.  They scheme and plan to enslave, and so they do, and logos like Visa and Mastercard are behind it all.- Bribery, pure and simple, by Citibank and other banks, has led us in this direction.The steep rise in credit card debt since the early 90's can be directly attributed to the promises of rewards to those who make their most ordinary purchase on credit cards. It is a form of enticement that is nothing more than a subtle form of bribery. These bribes are responsible for the out-right entrapment of millions of Americans in a "web of debt", a web woven with threads of deceit and misrepresentation. These millions now work several days each month solely for the banks, the monstrous grasping greedy multinational banks, as they attempt to keep burdensome debt from overwhelming and crushing them, using money that they need for other purposes, such as medical insurance, or better living conditions, or simply to feed thier children. How many of America's homeless got there through credit card debt? Once many of the homeless were people with mental problems. When I owned a business in Los Angeles' MacArthur Park area I saw them every single day . They paraded by, some dirty and disheveled, some with shopping carts holding all their belongings, or bicycles with bags tied everywhere, muttering to themselves as they shuffled along. Today's homeless are quite different, people (sometimes whole families) living in cars and campers, at least shielded from the rain, but still with no place to call their own. How did they get in that position. All too often, through credit card debt. Credit cards are a huge part of our country's problems, an easy way to run up debt. You can spend money you don't have for things you don't need, and find yourself in difficulty. Eventually it catches up with you. Money needed for food and rent goes to service debts to Visa and MasterCard. It is a far greater problem than is realized. It's like a wound that never stops bleeding, but the pity of it all is that it is self-inflicted.   The chains of Economic Slavery may not be visible, but they're as strong as those you see in these pictures, forged by the use of plastic with the words Visa or MasterCard clearly visible.  They're stronger than steel, tougher to break, but that's the way the evil Credit Card Cartel planned it, to seduce you into voluntary servitude.  Gambling and Credit Cards Just Don't Mix! Talk about getting even with the interlopers...the Indians (Native Americans) now do it easily and they don't have to go on the warpath any longer. They have discovered that the peaceful pathway, laid out and smoothed over for them my Mahatma Ghandi, is by far the best...as long as it is lined with One Armed Bandits, green clothed tables, and a Bingo parlor. Now, as the white settlers move in on them by Lexus, Cadillac, Porche, mini-vans, and RV's (replacing the Calistoga wagons) the reservation, once the bane of their existence, is now overcrowded, but welcoming those damn European white-eyes! They've got them working for the native Americans in droves. But, I don't blame the tribal elders. They've every right to mulct these white-eyes. Hell, if they'd drive across the burning deserts to Las Vegas to give away their money, then this saves them all that time and gas expense. Why not give that gas money to the tribes? That makes sense. Hey, Kirk Kerkorian, Las Vegas biggest Casino owner, is already worth six and four tenths billions. Hasn't he got enough? This story, however. is not entirely about gambling. This story is about credit cards, and here's where the suckers really shine, spending money they don't have, running up thousands in credit card debt. Ho ho ho, there is no Santa Claus, little dears. There's only a red suit with a fat old man in it, and he's probably just trying to earn a few bucks to pay off his credit card debt! No, he'll never pay that off. He needs it for the interest on that credit card debt. That's like burning up five to ten twenty dollar bills every month, money thrown away. AIR MILES IS A FRAUD, ESPECIALLY UPON LOWER INCOME PEOPLE. THE RICH PAY OFF THEIR CARDS AND GAIN AIR MILES--WHILE THE POOR GAIN DEBT. Click here to send this web site to a friend. $26,000 Gambling Debt, All on Credit Cards Now let's talk about one lady, Daureen. She ran up twenty-six thousand dollars in credit card debt. She played Bingo. She must have had fairly good credit, because she had enough cards and a high enough credit limit so that she could do so. After all, she had always had a good work ethic, and was one hell of a waitress. Eventually she had to take two and three jobs at a time, because she was trying to pay down her credit cards, but it didn't seem to get her anywhere. When she and her companion did the splits, suddenly she had additional expenses and no spare money. Then, damn, she lost one of her jobs, the best one. She scrambled, but once you lose that momentum, those Long Tapered Slimey Fingers of those Bankers are going to keep dipping into your little purse. They no longer have to hire thugs to collect their money, as they once did, in Las Vegas. (Oh, they still have a few of them there, but that's another story.) Each gambler who runs up credit card debt has a nice persistent "collector" who calls them early in the morning, or at nine o'clock at night, and if you have five or six or seven credit cards and they're all maxxed out, just think of all the new friends you have suddenly gained. The woman, like many I have talked to, was in tears before work, and in tears after work. She cried on my shoullder. She cried on other shoulders. I am a sucker for tears, but in no way am I a $26,000 tear-sucker. Twenty-six thousand dollars in debt is one hell of a wallop for anyone, and she got it right in the bread-basket! Certainly she got herself into that mess, and as a responsible adult, it is up to her to get herself out of it. Responsibly she began working at it. Brave little lady; I admire her guts. Yet, why do these credit card companies encourage spending by giving our rewards for it, and at the sqme time, encourage outrages of this sort by allowing cardholders more credit than they can reasonably handle? Why? Why Citibank? Why CapitalOne? Why OFleet? It's so very easy to get into debt now-a-days, easy to run those credit cards right up to the limit, max them out. And, its not like IT WOULD BE IF your wallet was running on empty...as it would if we were on a cash basis and plunking down five and ten dollar bills, because with plastic you don't think of it as money lost...not at the time you're getting your butt into debt anyway. It is when you get your bill from Visa or MasterCard or Discover the following month that you really notice what a greeaaat time you must have had, that is, if you really get a kick out of losing money. You know, its sort of like a sailor who goes ashore and gets drunk. He doesn't really know what a great time he had until the next morning when all his buddies tell him all the fun things he did, while he's nursing a head the size of a watermelon. Americans must really be enjoying themselves nowadays, because they're getting deeper and deeper into debt and as he national credit card debt approaches $700 billion, they should be the happiest people in the world. After all, they owe more money than anyone else in the world too! One advantage that poor skinny guy in Afghanistan, wearing ragged pajamas and a turban, has over us, he doesn't have that growly voiced babe from Capital or OFleet calling him about a late payment at nine o'clock at night! But hey, for a little more air mileage, a nice bribe from Citibank, it's all worth it, isn't it? They know you'll probably never use it, but that's the sucker-bait you fell for! IT MAY BE ILLEGAL TO PRAY IN PUBLIC,BUT IT IS NOT ILLEGAL TO PREY UPON THE PUBLIC! [Credit Card Cartel] WHILE CREDIT CARD BANKS ARE REAMING THE CONSUMERS TOO! CREDIT CARD FACT: It may be illegal to pray in public, but it is not illegal to prey upon the public. (Motto: Predatory Lenders. Credit Card Cartel) CREDIT CARD FACT: Cardholders who are paying $100 to $250 a month in interest, have $1200 to $3,000 a year less money to spend with your business, or any other business. [Simple Arithmetic.] CREDIT CARD FACT: Cardholders who are too deep in debt are effectively removed from the market, because they cannot run up further debt. [Common Sense] CREDIT CARD FACT: The very worst thing you can do for your children is to allow them to have credit cards. They can louse up their credit for years by failing to adhere to the rules. Believe me, if yours handle their credit cards responsibly, you've got a future millionaire on your hands. [Common Sense] CREDIT CARD FACT: Credit cards help people buy things that they really can not afford in the first place, often at a cost that far exceeds its value. [Common Sense] CREDIT CARD FACT: The Rule of More: You can cheat more people, more easily, more quickly, in more ways, for more money, with less risk, through credit card scams, than any other method ever devised in the history of finance. [Creed: Credit Card Mafia] HOW CHARGE CARDS AND CREDIT CARDS, IN SOME CASES, STEAL AWAY WITH MOST OF YOUR PROFITS. 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Copyright © 2006 Howard's Views. All Rights Reserved.

THE FOUNDER OF BANK OF AMERICA, AMADEO P. GIANNINI, SPEAKS: "In 1904 I founded the Bank of America with the idea to serve and to help the little people, to teach them the philosophy to save their money, that through thrift they could lead stable lives and send their children to college, buy homes, and retire in comfort. Today those principles appear to have been flushed down the sewer.  My bank, now, rapes and pillages the poor with onerous interest rates and severe penalties, like an invading horde of savages.  What I once took pride in building to serve the people has become a morally corrupt system that brings indebtedness and misery to those I meant to give hope and a future to, that now steals the pennies and dollars from their hard-earned wages instead of helping them to save.  It is alien to what I taught, and it brings shame upon me and those who worked with me, proudly, to establish the Bank of America.  It's as if it were a den of thieves rather than the fine institution that I left behind, that profits are more important than the well-being of our clients.  We advised our clients to handle their money wisely, not encouraged them to go into hopeless and shameless debt, debt that often puts their very homes in jeopardy." As I sat here at my computer this evening, my mind went back to my school days in the 1930s, when we learned about A.P. Giannini and his bank.  I closed my eyes and rested, and the above words came to me as if he were standing nearby speaking to me.  Perhaps he was.  And he's right, for Bank of America has brought misery to millions, cost them untold billions in fines and penalties, words that were not even in A.P.'s lexicon.  Honesty and integrity?  No, not the way B of A does business today, in close harmony with other once fine banking institutions, and the issuers of those plastic cards.  That's Howard's view.