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The New Slavery: Millions of Americans Chained By Debt
http://newspundit.net/americainchains.html ^ | 4/4/2005 | Roger Jolly

Posted on 04/04/2005 10:46:18 AM PDT by ex-Texan

The average American in the year 2005 lives a fragile existence, in a struggle for survival that can be ended by missing a few paychecks. The carrot at the end of the stick which was formerly known as "the American dream" has been replaced by a whip that can best be described as the "American nightmare" * * * You no longer work to achieve a better life for yourselves and your children. You work to keep a roof over your head, and you pray that you don't lose it. You became a slave when fear replaced incentive as your motivation to work, but I still suggest that you work while you can, because if the company you work for can't send your job overseas, the U.S. government is allowing 2000 people per day to enter this country illegally, because they're willing to do your job for less.

It doesn't matter if you're a "white collar" or "blue collar" employee. If you're an American, you're too highly paid. There are billions of people who want your job, and your government is doing all they can to see that you lose it to them. You see, we're not really American citizens anymore. We are viewed by the government as "consumers" and "tax payers." Now we're just anonymous faces in the "global village," because our government has sold our nation to foreigners and international bankers, and the new bankruptcy law has doomed the American citizen to a life of debt slavery.

Government will insist that illegal immigrants are only doing jobs that Americans refuse to do, and you'll probably believe it, because if you're watching the "Mainstream Media" that endorses this nonsense, you probably still have your job.

Illegal immigrants are doing jobs that Americans always did, and every unemployed American I talk to cannot find a job anywhere. And just like the European immigrants that flooded this country before the economic depression of the 1930's, today's illegal immigrants also have no gripe with a government that has allowed them work for high wages in America, and send billions back to their homeland. Nor do they care very much about our constitution, bill of rights, or way of life. They're only here for what they can grab, and our government has welcomed them with open arms, because they're grabbing it from you.

You're already working much longer, and much harder, to achieve a much lower standard of living than the previous generation, and 25 percent of working Americans no longer even get a vacation. The Social Security retirement age has been raised to match the life expectancy of American males, so apparently, you're also expected to work until you're dead. When you do finally get a vacation, they only trip you'll be taking will be in a pine box, and that's only if you're one of the lucky ones. Most of us will only get the state-issued canvas bag that gets tossed into the pit with all the others.

If you don't mind the fact that you'll be working until you're dead, you might also want to consider the fact that you'll get nothing for your labor, because this nation's economy may be about to crash like a freight train, and when it does, everything you've worked for will vanish. After the depression gets ugly, and your family has made the adjustment from three meals per day to three meals per week, the newspapers will blame your hunger on "the economy," as if it were some magical force that uncontrollably ruined a couple hundred million lives. Nothing could be further from the truth.

Politicians and international bankers can manipulate national economies at will, much in the way the media manipulates your mind, and a decision has been made to impoverish Americans, because global government requires that everyone in the world have an equally low standard of living. Simply put, we're being robbed of all we've worked for, because our government wants us to be poor, hungry, and docile, dependant upon them for our existence, and in fear of them for our lives. The government of the United States is intentionally destroying the economy of the United States, because the politicians and the international bankers they work for have decided that the American way of life, and catering to the demands of the American constitution, is simply too expensive.

Regardless of how wealthy you think you are, you actually have no real money at all. The "federal reserve notes" that are in your wallet, and your bank account, aren't really money, but are actually only paper on a debt that can never be paid, not even by combining all the assets and labor of every American alive today. Any loan-shark with a third grade education will tell you "that paper's no good," and naturally, the foreign investors who allow us to float this debt, have come to the same conclusion.

What is commonly known as the "U.S. dollar," represents a debt that is owed by the U.S. federal government, to the federal reserve bank. The federal reserve bank happens to be the privately owned entity that lent the money that's represented by the paper in your wallet. The federal reserve act signed away everything you own, and the fruit of your labor as collateral on this debt, and as foreign investors are becoming increasingly unwilling to invest the $2 billion per day needed to cover the interest, our creditors will want to collect it.

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TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Culture/Society; Editorial; Foreign Affairs
KEYWORDS: aliens; debt; economy; housingbubble; illegalworkers; jbs; mywhatacheerypost
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To: SengirV
All I was trying to get across in this whole discussion is that things aren't as rosey for people just getting out of school.
= = =

You think you're the first one to come out of school and have it tough? I got out of school in '82 when unemployment was 9% and mortgage rates were 14%. My father got out of school and had to spend four years fighting in WWII only to come back to massive competition for the few jobs that were available.

You have more opportunity now than any other generation in our history. Sure it's tough. It always has been. However, it's your attitude that will determine your result. Your opportunities will come but you won't see them or be the right person for the position unless you become more optimistic.

No one wants to hire a downer and no entrepreneur has ever been successful without a can do attitude.
181 posted on 04/05/2005 9:01:38 AM PDT by Mase
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To: HamiltonJay
"DEBT IS DUMB!!" Let us refine the point.

BAD DEBT IS DUMB!!

GOOD DEBT MAKES YOU RICH!

182 posted on 04/05/2005 9:07:41 AM PDT by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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To: 2banana
The Branch Davidian Siege? Ruby Ridge? That was over a TAX on guns...

I thought Waco was about Koresh having an arsenal of weapons and allegedly that Koresh was abusing children. I'm not defending anything the government did, but I don't recall it being over taxes.

183 posted on 04/05/2005 9:16:34 AM PDT by Go Gordon
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To: Go Gordon
I thought Waco was about Koresh having an arsenal of weapons and allegedly that Koresh was abusing children. I'm not defending anything the government did, but I don't recall it being over taxes.

The only difference between an "illegal" weapon and a "legal" one is the tax you have to pay to own one. The entire "raid" was based on the rumor that the Koresh had bought/modified weapons without the proper paperwork and fees paid.

184 posted on 04/05/2005 9:22:43 AM PDT by 2banana (My common ground with terrorists - They want to die for Islam, and we want to kill them.)
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To: Mase

You people are amazing. I'm outta here because people just can't see a big problem. Optimism isn't going to pay the morgage, and neither are people coming out of school now with housing prices as high as they are now. But what the heck, as long as you are perfect.


185 posted on 04/05/2005 10:01:07 AM PDT by SengirV
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To: Mad Dawgg

Mad Dawgg, don't confuse em.. most folks have no idea what good or bad debt is... folks aren't declaring bankruptcy because they have "good debt".. they are because they live beyond their means, period.


186 posted on 04/05/2005 10:08:14 AM PDT by HamiltonJay
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To: SengirV
I'm outta here because people just can't see a big problem.
= =

My point was that every one offering you advice has had to deal with the same stuff you are. Many of them have gone through much worse and still come out on top.

If you want to wallow in self pity then so be it. If you would just realize that you're not the first person to have to overcome obstacles to get ahead in life you could probably change your attitude.

Vicitmhood is no way to sell yourself or advance your career. Charging people with being perfect when they call you on this and attempt to help you is just further evidence that your attitude is what will hold you back.

Optimism will not pay the mortgage but is sure as hell will put you in a position to compete for the opportunities that will get you where you want to be.
187 posted on 04/05/2005 10:11:41 AM PDT by Mase
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To: SengirV
"Optimism isn't going to pay the morgage, and neither are people coming out of school now with housing prices as high as they are now. But what the heck, as long as you are perfect."

Yes, housing prices are terrible, I had to pay 2000 dollars more for my latest 2BR/1BTH than my Mom and Dad paid (6500.00) for theirs back in 1953.

Of course, I have to fix it up and put another 20K in it (work starts in 2 weeks) also shopped for about 12 months before we found it and bid on it. But hey color me optimistic. I have bought many homes and buildings for less than most folks pay for a new car.

It is done every day, just because the sheeple are herded into bad purchases does not mean that the rest of us can not prosper.

You got to decide, are you a grazer or a hunter?

188 posted on 04/05/2005 10:14:07 AM PDT by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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To: HamiltonJay
"Believe me I know this... I do real estate, and I'm going to make lots of money buying up the houses that get foreclosed on when all these folks with zero, or paper appreciation equity suddenly disappears when those bubbles do pop. "

You must not sell houses in Northern Virginia. The "housing bubble" is pure bunk. As long as there is a housing shortage the values of homes will appreciate 10-10% a year in this area. You can buy with zero equity and even if you are forced to sell in 6 months, you will at least recover your closing costs.
189 posted on 04/05/2005 10:20:05 AM PDT by LetsRok
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To: HamiltonJay
"Mad Dawgg, don't confuse em.. most folks have no idea what good or bad debt is..."

Yes, we would define most folks as sheeple, herded around by fads and commercials and such.

I have never lived in a McMansion. The idea of paying half a million dollars for someplace to live is beyond ridiculous. The only time I would pay that kind of money for a building is if it mas mandated by law to have anti-collision beacons to ward off low flying aircraft.

190 posted on 04/05/2005 10:21:12 AM PDT by Mad Dawgg ("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
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To: frgoff
This myth really annoys me. Sure, his $135,000 home is worth $400,000 now, but so are all the other $135,000 homes in the area In other words, unless he moves to a completely different market, the only gain he gets from his "investment" is any equity he has paid down in the home. He'll still be carrying the same level of mortgage on the new house, assuming he rolls all of his payout into the down payment.

The key is to put all of your capital gain into the new house and keep your mortgage the same. I am doing the same thing. You always want to sell when the value of your existing house is not appreciating as rapidly as other types of houses in the market. I sold my home and bought another new home because it will appreciate faster because of the location and desirable features.
191 posted on 04/05/2005 10:24:42 AM PDT by LetsRok
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To: LetsRok
You must not sell houses in Northern Virginia. The "housing bubble" is pure bunk. As long as there is a housing shortage the values of homes will appreciate 10-10% a year in this area. You can buy with zero equity and even if you are forced to sell in 6 months, you will at least recover your closing costs.

hahahah heard this same line of Bunk out in Silicon Valley in 2000 and 2001... and guess what, it went POP and POP hard.... Real Estate is NOT a one way street... cycles every 8 to 12 years on average... People always forget that.. or choose to be ignorant of it. Few years ago Atlanta was HOT, now its cooled considerably, last year Vegas was insane, now its collapsing leaving lots of folks in the lurch.... In Boston in the 80s people thought it woud never end and would spend 500k to buy a house then tear down the old house abuild a new house on the land (so effectively paying 500k for a LOT) and POP went the weasel....

You think NVA is going to be so hot when government priorities change and spending shifts? Etc etc... I've seen markets go from can't build units fast enough.. to can't find a buyer to save your life in a matter of months.... Trust me, irrational exhuberance leaves lots of folks holding the bag hopeing someday they can just get back above water. When will it happen in NVA? Can't say, but if you believe its not going to happen, you are naive.

192 posted on 04/05/2005 10:35:01 AM PDT by HamiltonJay
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To: E. Pluribus Unum
Credit card companies WANT you to miss that one payment so they can jack your rate through the stratosphere. True

They don't want you to pay off your balance every month. True

CitiBank will eventually transfer you to somebody else's card if you do.

False, as others have pointed out.

193 posted on 04/05/2005 10:56:55 PM PDT by Dick Holmes
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To: Dick Holmes
False, as others have pointed out.

They did it to me.

194 posted on 04/06/2005 5:39:23 AM PDT by E. Pluribus Unum (Drug prohibition laws help fund terrorism.)
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To: HamiltonJay
This isn't rocket science... STOP OVERSPENDING! Live on less than what you make TODAY and BUILD WEALTH.. or don't and make someone else WEALTHY! I don't care what lies you're being told by others, THAT'S THE TRUTH!
You need to yell that at the government. I warn you, you'll grow hoarse.
195 posted on 04/06/2005 6:39:43 AM PDT by philman_36
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To: philman_36

Well the problem with the government is two fold... even if you could get the government to stop overspending and start running surpluses (PROBLEM #1) that they invested to generate revenues... folks on both sides of the political isle would scream bloody murder over it... (PROBLEM #2)

The left would want it spent on social programs and the right would bitch they want a refund! Reality is if the federal government truly took about 1-2% of its annual revenues and invested it and only got about a 6% return on that money.. the federal budget would be completely self funded just on the interest these savings would generate inside of a few decades! And our children and children's children would never have to worry about ever paying an INCOME or any other federal tax again. Same would be true for state and local governments as well if they did this.


196 posted on 04/06/2005 6:52:42 AM PDT by HamiltonJay
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To: Jack of all Trades
When I was a kid we had one TV with rabbit ears, one phone, two old cars that Dad often fixed, etc. etc. etc. They just spent less and saved more.
So, what did your Dad end up with?
197 posted on 04/06/2005 7:10:52 AM PDT by philman_36
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To: HamiltonJay
I do real estate...
Ah, well, things are much clearer to me now.
I don't have much regard for folks who "do" real estate as I view them as "doing" others. You get your cut of the pie off of others.
Sorry, just the way I see it. Don't take offense.
198 posted on 04/06/2005 7:17:08 AM PDT by philman_36
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To: philman_36

Oh please, get my share of the pie off others.... I no more get my share of the pie off others than GE get's its share of the pie off others because it takes raw materials and produces products with them.

Believe me I'm not offended, If I worried about every ignorant person who had preconcieved notions about life, the universe and everything... I'd be broke like most of them.


199 posted on 04/06/2005 7:21:46 AM PDT by HamiltonJay
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To: HamiltonJay
Ya know, after reading all of your posts I can't help but say...you're sure the arrogant and callous one.
You seem to show disrespect and disregard towards those who punch a clock for a living just to make ends meet and try to advance in a world that is increasingly taking more and more of their income through taxation.
...I am so sick of ever 9 to 5 clock puncher who thinks I must have just gotten it for nothing, because they are too damned lazy to take their own destiny into their own hands.
You admit they punch a clock 9 to 5, thus admitting that they are gainfully employed, yet you call them lazy! You can't seem to grasp the simple reality that they aren't mad about you gaining wealth, only that they can't gain wealth by working diligently.
...Yes, folks got to work, and you get paid to produce, and if Real Estate isn't your think, it doesn't matter... do it with something else! You go start your own business selling widgets for all it matters!
And just what do you start a business with? Isn't capital, often substantial capital, required to start a business? Saving to start a business might be a prudent course of action, but how many years must the average Joe clock puncher labor in order to start such a business? They don't start themselves all on their own.
You even game the system...you can literally 1031 exchange your entire life and past your death!...and seem proud of it.
You can comment back, but I won't heed it. Your slip is showing very prominantly.
200 posted on 04/06/2005 7:47:32 AM PDT by philman_36
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