THE BLOG

Slavery Legal in America Again (VIDEO)

09/01/2009 05:12 am ET | Updated May 25, 2011

One of the ongoing themes I explore on my weekly show ON THE EDGE is how debt slavery, i.e., penury, i.e., POS 'Plain Old Slavery' is making a comeback in America thanks to Wall St. banks (read: Goldman Sachs) keeping trillions in bailout money for themselves forcing the other 330 mn. inhabitants into coerced borrowing to survive. Indentured servitude is another name for this 'business model.' In addition to counting the number of unemployed in America, we should also be tracking on a month-to-month basis the number who fall into the category of debt slaves. My guess is that up to 5% of the 50 million poverty stricken (including the 'working poor') fall into this category.