How the 1% Control the 99%

As Charles Hugh Smith points out in, “The Company Store Debt and Serfdom, the “New World Order” is based on the European model of monarchs and serfs.

Monarchs were forever to be enriched by serfs, who were the workers.  The monarchs controlled every aspect of the serfs lives, i.e. food, clothing and shelter, which kept the serfs perpetually indebted to the monarchs.

Smith points out the modern version of this order as illustrated by modern day credit practices.   How many people find themselves today faced with negative home equity, negative auto loans, and mounting credit card debt ?

How much is that car worth now that you just drove off the lot? What about the things you bought on the no interest credit card, and were late one time and are now saddled with interest of 23%?  How much are the things worth now that you bought on that credit card?

What about the home you bought with no down payment? How much is it worth now? Can you sell it for what you bought it for?  Why won’t the banks write the loan down for the price it is actually worth now to help the homeowner?  No, the bank will foreclose and allow an investor to buy your home dirt cheap.

To make sure the populace is reduced to poverty, Smith says that the practice that tax increases, cuts to Social Security, 401Ks demise and pension decreases are slowly eroding any social safety nets.

Good paying jobs are shipped overseas.  College students with degrees cannot find jobs and are saddled with student loan debt, they cannot repay.

Labor unions are under attack.  City, state, and the federal government are letting workers go in droves.

Family owned farms are disappearing and are being replaced by big farm comglomerates.

The best way to foil their agenda is to get out and stay out of debt, says Smith.

That is a profound suggestion.