Let's have the conversation they don't want us to have...

submitted by EddieC from self.WayOfTheBern

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[–]unagisongsBurn down Reddit! 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (8 children)

How do we undo the Gordian Knot that is choking us?

That's simple. Eliminate personal debt. ~70% of Americans are in serious personal debt. ~75% of personal bankruptcy result to medical debt. That isn't an accident. The oligarchy has turned country into debt trap. It's nearly impossible not to get chained to job in this country through these debt traps no matter how clever. Easy credit, education, and healthcare will ensnare just about anyone that isn't in the oligarchy. Outlaw "easy credit". Universalize public secondary education and I'm not just talking about fancy degrees. Pass medicare for all. Debt slavery is how the oligarchy stays in power. You want people to tear loose and fuck up the oligarchy. Get them out of debt!

https://ripmedicaldebt.org/

[–]EddieC[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

~70% of Americans are in serious personal debt. ~75% of personal bankruptcy result to medical debt. That isn't an accident. The oligarchy has turned country into debt trap.

 

Not just Americans' personal debt, but also America's national debt as I put here that as part of a larger syndicate:

The primary roles of each succeeding Government are to:

  • Acknowledge AND increase debt obligations imposed upon the people without democratic input or oversight
  • Uphold the claims of powerful private entities to extract tribute from society in perpetuity

 
This has the effect of concentrating ever more wealth and power in the hands of the Few at the expense of the Many i.e. perpetuating the Hierarchy / Oligarchy

 
 

Debt slavery is how the oligarchy stays in power. You want people to tear loose and fuck up the oligarchy. Get them out of debt!
https://ripmedicaldebt.org/

 

Another approach: Present the case that the debts - personal and national - were the result of Fraud
- be they Actual or Constructive Fraud
Everyone willing to help build the case(s), could collaborate through the proposed Reckoning Walls
 

[–]rundown9 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (5 children)

The entire global economy is based on the buying and selling of debt, and usurious compounding interest on that debt.

Interesting to take a closer look at the nations forgiving debt to poorer countries, they just happen to be the same ones that are the arch enemies of nato today, hmmm.

NTM Islam as a religion, which forbids usury all together.

[–]therazorx👹🧹🥇 The road to truth is often messy. 👹📜🕵️🎖️ 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (3 children)

NTM Islam as a religion, which forbids usury all together.

Not only does it forbid usury (and not as in the definition of "high interest" but in terms of ALL interest, you lend someone 100$, 5 years later they still owe you 100$, not even 100.01$ is allowed), but Islamic banking/investment is different too in that it's not "insured" and there are no "bail outs". Your money gets invested (if you choose to, you can also deposit your money in accounts that don't get invested), and if the investments go south, you lose your money, if the investments go north, you get extra money.

Furthermore, there's heavy restrictions on what investments can be made into if they go against the faith, meaning yes banks don't invest in Alcohol or Casinos for example, but they also won't invest in industries creating "Fassad fel Ard" (Corruption in the land) so they probably wouldn't invest in shit like Blackrock.

Additionally, it bans 'engaging in transactions lacking "'material finality'. All transactions must be "directly linked to a real underlying economic transaction", which excludes "options and most other derivatives"' and bans high risk shit like options, futures, derivatives, forwards, and speculation, short selling, margin trading, day trading...etc..

Although to be fair, that form is rarely actually practiced and there's a lot of argument between scholars on what constitutes what in terms of interest and all that.

cc /u/penelopepnortney

[–]penelopepnortneyBecome ungovernable 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Good info, thanks!

[–]therazorx👹🧹🥇 The road to truth is often messy. 👹📜🕵️🎖️ 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

np, figured you'd be interested.

It's curious how little is discussed about it tbh, because under the model shit like the 2008 crash wouldn't happen. Like yeah, "some" people wouldn't be as filthy rich, but there wouldn't be a situation where those folks gambling leads to the decimation of the entire global economy.

Like shit, the world doesn't have to adopt the entire islamic banking model, but at least consider some of it's positives, y'know?

[–]penelopepnortneyBecome ungovernable 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

Couldn't agree more, and we're headed for a worse crisis than 2008 according to many analysts. Casino capitalism at its finest.

[–]penelopepnortneyBecome ungovernable 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Those are great points.

[–]EddieC[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Thanks for sharing constructive thoughts & suggestions.
I continued writing after posing the question that you answered to, adding my own proposal. Please check them out.
I will look into your suggestions to see how they can be incorporated and if not, the issue raised is addressed.