BENEFACTOR
"For the People, Of the People, and By the People"
Justice for Everybody Harms Nobody
Volume 6, Number 2
STUDENTS
REJECT DEBT
SLAVERY
1.5+ Trillion, and counting… Student Debt
enriches the Financier and enslaves the student for decades to come. With the
power of Interest-Bearing Indebtedness, the Financiers exercise control over
students’ choices. Students must do what Financiers expect of them rather than
what educators expect of them.
What is a Financier? A Financier is one
who charges interest on money.
The Financiers’ system of finance is
known as Financialism. It is an Interest Collection
Swindle. This fraudulent system requires a huge support apparatus to keep it
from collapsing under its own false claims. It claims to drive production and
stimulate economic progress. Instead, it systematically drives up the cost of
production, thereby stifling progress. It robs the people. It robs businesses.
It robs governments. Financialism threatens the
integrity of our nation. It threatens world security by imposing its thieving
practices upon billions of people world-wide.
Capital is not finance. Neither is
finance capital. Under Financialism, there is as much
difference between capital and finance as there is between milk and a sponge.
The primary purpose of present-day Financialism is to
absorb the profits of capital and to rob workers of their purchasing power by
charging a tribute for the use of money.
Financialism is a top-down
control structure with the wealthiest International Financiers at the top.
These privateers hide their identities behind large pools of private finance,
usually in the form of LLCs. They own and control the world’s largest commercial banks.
It is the large commercial banks which own and
control the Federal Reserve (FED). By the implementation of FED
policy, the elite banks and multinational corporations are controlled. While we are
told the US Treasury Department is embedded into the FED for federal control of its
policy, instead it is the privately owned FED which has embedded itself into the US
Treasury to take fiscal control of the federal government. Through
the use of the Universal Commercial Code, the elite banks and multinational
corporations control the states as "Administrative Districts". They effectively control
the small banks and small businesses. They control the workers, consumers, and the debt
and tax payers. Most insidiously, they control The People.
Students seek loans to prepare themselves
for entry into “the system”. With those loans, they enter as debt slaves to Financialism. Their only way out of this servitude is to
work for the most powerful banks, law firms and multinational corporations for
high salaries to pay off the loans, with interest. By doing so, students join
highly talented forces in support of Financialism.
Their best skills and talents are honed to serve the Financiers and their whims.
They become highly organized thieves and killers in the service of thieves and
killers.
This is where the Financiers’ Touts are
born. Touts are cheerleaders for “the system”. We observe the actions of these
touts everywhere. They are usually well paid and hold influential positions.
They are especially visible when we read, listen and watch the major television
and Internet news services, where we see well trained Touts with their pretty
faces and velvet voices telling us which products to buy and which rules to
follow. They also show us what happens to people who do not follow the rules.
By the forces of taxation, additional
purchasing power is extorted from wage earners and businesses. It is
transferred to the largest international banks to pay the interest on trillions
in government bonds which must be paid to the bondholders—the largest international
banks. The primary role of the IRS is to collect interest for Financiers.
Nearly $500 Billion in interest on the National Debt alone must be paid to Financiers
each year.
The wage earners, businesses and
governments race around a circle of chairs before the music stops. The one left
standing is headed for liquidation—bankruptcy. This is because it is impossible
to pay back more money (interest) than what was loaned into circulation in the
first place. Financialism is a hideous system of
finance specifically designed to squeeze governments, businesses and wage
earners, it absorbs their power in lieu of unpaid interest. The wage earners
give up their power when they cannot productively engage in public affairs.
Their powerlessness is evidenced by their choices at the polls on Election Day.
The choice of candidates has already been chosen for them, the difference of
which parallels that of paper and plastic at the grocery store. That translates
to no power at all, except to choose work that pays more money so the interest
can be paid on their mounting debts.
All that remains for power in government
is to engage with decisions of the courts to force businesses and wage earners
to pay interest and taxes that primarily go to pay interest to Financiers.
Businesses, wage earners and governments are pitted against each other in
fierce battles over what few scraps of money remain after the Financiers have
taken the hog’s share for interest. As a result, the vast majority of people
are left completely unaware of the vast financial powers that loom above their
powerlessness.
Students have a unique gift. They apply
natural morality to events that occur around them. The effects of the present
system quickly gets their attention. Students have no
difficulty identifying injustice and act immediately to correct it. However,
their ability to apply correction action is severely restricted by the burden
of interest charged on their student loans.
The Financier uses fear and shame to
ensnare the student into its financial web. The student thinks their
relationship is about higher education. The Financier knows it is about
Interest-Bearing Indebtedness. Foolish students think they are free.
Intelligent students already know the Financiers control them. These privateers
will collect interest on student loans for decades. The Financiers know the
students must turn over to them the difference between what they produce and
what they need to survive on for decades into their future. It is what it is –
Indentured Servitude.
The interest Financiers charge for the
use of money forces students to busy themselves with subsistence jobs at first,
then at jobs with higher pay, but with higher expectations too—jobs that
directly support the privateers as accountants, MBAs, JDs and economists.
Students do this to lessen the burden of Interest-Bearing Indebtedness that
bears down on them. The Financiers know the students dare not take time to
participate in efforts to bring about resistance to the system that enslaves
them. Doing so would tarnish their tidy records needed for seeking jobs with
greater challenges and responsibilities in support of Financialism.
Financiers know that when students
invest themselves in jobs that support the Financier’s Interest Collection
Swindle, the less likely they will risk their positions by working to replace
it. This is because the students have already become accustomed to exchanging
their integrity and their dignity for the money they desperately need. Going
forward, students accept the lure of more monetary gain in return for their
greater effectiveness at supporting a system of financial slavery.
Students know the system of finance—the
economy—is designed and operated by International Financiers. They know the
economy is wrapped around the world like an enormous grid—a virtual grid—to
keep everyone in their place. The economy serves as a convenient excuse for
imposing wholesale discrimination, widespread suffering, and for the bloody
oppression seen around the world to keep everyone in their place. The economy
acts in our name because we are known around the world to be its promoters,
supporters and defenders. The Financiers who orchestrate the economy with
their enormous power, privilege and control, hide behind their layers of LLCs
while their Touts bare themselves with shameless cheerleading for the system.
Around the world, the American people are held accountable for the horrible
effects left by the Financiers’ economy.
If Americans are to be held responsible
for the effects of the economy, then they must take charge of the economy. No
longer can students stand by while Financiers rob them of their opportunities.
This is the injustice students recognize. This is where they apply a natural
sense of morality and take corrective action.
The students feel they already know
these things. They feel it in their bones. They already know they deserve an
education without being financially shackled to Interest-Bearing Indebtedness
by Financiers. They already know they should pay back the cost of their higher
education at a later time if possible. They already know that Justice for Everybody Harms Nobody.
They already know that Changes that Must be Made. They already know they must be a part of the solution rather than a
part of the problem. Mathematically, they have already committed to count
themselves as a one rather than a zero.
Students embark on higher education to
make a significant difference in the world, to make a difference in their
communities and for their families. To meet those commitments, students need
opportunities not burdens. Students know they should thrive, rather than just
survive. Students need Direct Credits. They reject Debt Slavery.
Direct Credits establishes a public
money system under public control. It establishes publically
financed higher education. Direct Credits provides for interest-free student
loans, and for new interest-free loans to replace old loans encumbered by
interest. This is how student debt is forgiven. This is done using the exact
same authority the Financiers use to create loans at interest.
Direct Credits for Everybody is a set of 14 Changes that Must be Made, one of which
is: Credits must be issued for the
upkeep and education of children up to 21 years of age, to be voluntarily
repaid by them, if possible, at some future and convenient time.
The
Direct Credits Society
3012 Fort Street
Lincoln Park, Michigan 48146
TheBoard@DirectCredits.org