Slavery Legal in America Again (VIDEO)

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.

Guests on this week's show include Dmitry Orlov, author of "Closing the 'Collapse Gap': the USSR was better prepared for collapse than the US" and Dr. Housing Bubble.

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Comments

[siasina]

Great show Max! Keep up the good work. I just wish this stuff wasn't so hidden on huffington post. It needs to be on the front page.

[aNewEraBegins]

In South Florida you should see the number of people who work but are still racking up debt to survive. And I'm not talking about people 'livin large', I mean normal working people who aren't flashy.

Here's Max Keiser from the 'Truth about Markets' explaining the concept further:

http://www.youtube.com/watch?v=-vzVsxE98ZE

[truthfan]

What I want to know is, why is this hidden so deep in HuffPost?

I only knew about it because we watch Max anyway. When I searched the home page I couldn't find it anywhere - had to type it into the search engine!

[spinns17]

check this out .could this be true?
http://video.google.com/videoplay?docid=7065205277695921912

[Kitty4Title]

I bet some at the top would happily bring back the work house.

[BeenieMon]

but but but....Max is going on holidays for two weeks!

what am i going to do for coffee?

[Max Keiser - Huffpost Blogger]

We will have 3 special summer ON THE EDGE shows starting this Friday!

[BailUsOut]

People seem to be convinced that they are part of the masters class not of the slave class.

too much TV? identification with the rich folk seen on the soaps and show like beverly hills 90210?

Definitely the 'As long as it's not me' phase is what's going on.

[Troyounce]

Wikipedia says about serfdom:
"Serfdom is the socio-economic status of unfree peasants under feudalism, and specifically relates to Manorialism. It was a condition of bondage or modified slavery which developed primarily during the High Middle Ages in Europe. Serfdom was the enforced labour of serfs on the fields of landowners, in return for protection and the right to work on their leased fields.

Serfdom involved not only work in fields, but also various other activities, like forestry, mining, transportation (both land and river-based), and crafts. Manors formed the basic unit of society during this period, and the lord and his serfs were bound legally, economically, and socially. Serfs were labourers who were bound to the land; they formed the lowest social class of the feudal society. Serfs were also defined as people in whose labour landowners held property rights".

Put this in your pipe and smoke it

[000Jade000]

Good show, Max.

[Youri Carma]

I think when everybody has to show his birth certificate it's a fair question to ask the same from the Obama/gov., who supose to represent the people not QUOTE: Bush Senior "the rule of the jungle"

[hidflect]

Listening in to your calls with your phone off is a technology going back to the early '60's when agencies could direct a small stream of microwaves at your home phone which would activate current across the metal of the circuitry (which is why you don't put metal in the microwave). This effectively turns the receiver into a transmitter broadcasting audio it picks up nearby that the agency can listen to.

They likely had this worked out for cell phones before they were ever even released onto the market in the '80's. In fact, removing your batteries won't save you. The microwave beam provides the energy required to "operate" your phone. If you get cancer as a result, well... Johnny Cochran might be a good example of what happens... you die.

Remember that the charter of the CIA is to defend American interests which specifically cite economic interests as being included. That means they have a legal mandate to spy on non-American businesses and pass this information on to parties who can benefit from this information (read:Corporations like Boeing, Goldman Sachs, etc.)

Land of the fleeced, home of the slave.

[breakingpoint]

"Indentured servitude is another name for this 'business model.' "

It's a real study how they've been able to pull this off so far without an uprising.

And now the people who will be trading in the clunkers, the majority at least, are the great savers in this country, the older upper middle class penny pinchers who are known to write, call and vote, aka the screamers - keeping them, middle and upper management pacified a bit longer, quite clever. The last group in this demographic got the mortgage refinancing. Protecting their Health Care must be next.

Looks like we're still in the, 'As long as it's not me' phase.

Wish we had better angels.

[truthfan]

That's right - it's "divide and rule" in its 21st century form.

Individualism taken to the extreme. "I'm going to be the one who wins the lottery, and screw everyone else."

Propaganda-induced self-centeredness, heavily fortified by that other all-important brainwashing that goes, "everyone makes their own luck, so if you have bad luck you deserve it - so I don't have to feel guilty about leaving you in the gutter".

[noesis]

Max, great stuff, as usual. You were one of the first to rail against bubble economics and the FED's loose money policy. Truly a voice of reason in a world of corporate hacks that proliferate MSM propaganda. Thanx for keepin' it real!