Real Wealth Society

Monday, April 09, 2007

The " S " Words By SB Kayser

April 9, 2007

This essay will examine the gigantic failure of worldwide credit welfare as a centerpiece, and why it can easily be associated with modern-day Serfdom. Hence the " S " word as the title reads. Yet many Westerners would agree that slavery is intolerable and must be dealt with. Alas those asking for action generally ignore that in the 1850s a slave went for the equivalent of 40,000 present dollars while today a slave often cost under $100 as Dr Kevin Bales stresses in his video- documentary "Disposable People, New Slavery In The Global Economy" . The latter also states that the number of slaves worldwide represent the largest number alive at one any time in history. Unfortunately there is more. Over the last century, slavery has taken a new turn concludes The National Geographic: There are more slaves today than were seized from Africa in four centuries of the trans-Atlantic slave trade... Although slavery in its traditional form survives in many parts of the world, debt slavery of this kind, with variations, is the most common form of servitude today...

Despite two major studies made in the 1990s which came to the conclusion that the poor have to sweat doubly, so that the wealthy might live on interest. All this usurious infusion of cash began at the bottom of the pyramid and made its way up slowly to the middle-class (due to the eroding purchasing power, itself caused by a hidden tax called inflation) leaving an ever increasing number of households at the mercy of lenders whose appetite to lend grew accordingly. Today as a result, the middle class is no longer the pillar of the economy but its doom...



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