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Financial False Hope, Part 2: Monetary Monotheism

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Detailed text transcripts for TV channel - MSNBC - 20111015:11:38:00

of the themes when you go to mesopotamia and the roman empire and the hung dynasty, one of the things you see in precapitalist societies is that debt builds up and there is this mechanism to deal with the fact there is too much debt and all of these people in debt slavery. how did the ancient world deal with this problem? there is a problem that always came up especially in periods where you have virtual credit money rather than people using cash. there is always something you have to do to make sure everything doesn t go out of hand and massive people aren t effectively enslaved to the rich. in mesopotamia, they have just done a clean slate. periodically, every new king would come in and said, all debt is canceled, start over again. that became institutionalized every seven to 49 years depending on the reading. that was one way, wipe it out and start over again. another way was simply eliminate

Detailed text transcripts for TV channel - MSNBC - 20111014:22:24:00

shut up in silence? which we can see a continue d down sliding of the american people s income? look at this graph of over the last decade where the income of average americans have gone just in the last decade. down 7%. so, i mean, we re sinking while the top 1% controls 40% of the wealth. on top of that, they re going to call you everything but a child of god to even protest it? well, look, we can still do that. that s clear from what s happened up to this point, but it s a shame it s come this far, that this is what people need to do in order to be heard. in the end what we re supposed to be doing is creating a good life for ourselves, a good life for our grandchildren, a good life for everybody in america, but people see they re falling into debt slavery.

Detailed text transcripts for TV channel - CNN - 20110307:09:18:00

is called debt slavery. people who some for generations have had to work on a landowner s land and they re paid nothing. they re given, for example, grain or left over food to survive, but they re really beholden to the landowners who then have them working on all different projects on their land. and in one of the places, brick kilns are popular for this thing. we saw men, women, children covered in dust. every day they work from sun up to sun down molding bricks out of the earth and having to fire those bricks. and you see this process going through generations because basically what happens is they really have no other choice. they don t have an education, don t have any money because they re never really paid wages, only given either enough money for food or given leftovers. so these families become accustomed to living this life that really has no end. their children are also involved in it. and we witnessed that ourselves.

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