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By       Message Kent Welton       (Page 1 of 2 pages)     Permalink    (# of views)   2 comments

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View Ratings | Rate It Headlined to H3 6/2/11

Author 203
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Reparations For Free Trade Harm And Economic Ruin


"Reparations: the making of amends for wrong or injury done: reparation for an injustice" restoration to good condition."


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When your own government screws you, and forces you to compete with neo-slaves in undemocratic countries with little or no regulation or environmental standards, leading to multiple personal, social, economic and environmental injuries, then I suggest the perpetrators of these dismal schemes owe you. The damages are clearly in evidence today and measurable in jobs lost, wages and benefits reduced or eliminated, homes foreclosed, time bomb ARM mortgages exploding, divorces and suicides, etc. In other words a real unnatural disaster!


Somehow, however, the reparations-repair-the-economy money got paid to the wrong parties -- i.e., the very banks that collapsed our economy, speculated with our savings, stole from the treasury and harmed the people in multiple ways and means.

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Well, we want that money back, and jail terms thrown in the deal, not peanuts and phony retraining programs for jobs that will be outsourced before we finish the course.


So instead of giving trillions to bankers who speculated and rode the easy-street interest-rate spread with free money, we should give these sums back to those hurt by forced trade, housing mortgage fraud, and wall street thievery. In effect, with "your" government drunk on corporate coin, these ruling elite bandits took risks with your jobs, your economy, your stock market, your retirement funds, your community, your environment, and your planet - and all without permission from the people or the elected representatives of "our" government.


Basically, they took money from your purse, blew it on speculation and immense salaries, gave your jobs away, and then had the temerity to ask for help! And that help had to come in the form of more debt-money borrowing from their own mobsters for which the people's interest tab was greatly increased. In short, first you were raped, and then you got screwed!

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Well, the reparations for all the above harm to the injured class of many millions of people can take the form of negative income tax payments -- a neat little trick first proposed by Richard Nixon and Milton Friedman of all people. The cost can be paid up and made up with interest-free treasury money, thus taking away the banking mafia's main screw serving to preserve their in-perpetuity debt bondage scheme. They can also take the form of employment checks for jobs that need to be done -- imagine that!


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