ECONOMIC SLAVERY ACT OF 2005
SENATE BILL - S256 HOUSE BILL - HR 685
ECONOMIC SLAVERY IN AMERICA NOW A FACT!
Are you among the millions Enslaved by Visa
& MasterCard?
ALWAYS
REMEMBER: IT MAY BE ILLEGAL TO PRAY IN PUBLIC,
BUT IT IS NOT
ILLEGAL TO PREY UPON THE PUBLIC! [Credit Card Cartel]
Modern Day Chain Gang Prisoner
Consumer Credit Card Debt Stands at $750 Billion...and
Rising!
Total Consumer Debt Stands at a Shocking $1.655
trillion!
Over the past two decades, millions of Americans
have voluntarily become indentured servants (Economic Slaves) to the
giant banking industry, with familiar names like MBNA, Wells Fargo,
Bank of America, Capital One, Citibank, Fleet Boston, etc.
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, and often they were shipped to
the new colonies to be sold to business owners for the amount of the
debt. 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 slavery, with
husbands, wives and children often separated, never to find one
another again. It was more than a hundred years before the Black
Slave Trade between Africa and the British colonies
flourished.
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 becomes a treadmill, and the sole
beneficiaries are America's large banks. The culprit, of course, is
the system of credit cards, mainly through the debtors ill-advised
use and abuse of Visa and MasterCard. 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.
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The chains may not be visible, but they're as strong as
those you see in these pictures, Visa or MasterCard, and it's
called Voluntary Servitude.
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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.
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$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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