How Banks Are Enslaving Humans

[Yerda]

Is it ironic, or just typical that major banks are heavily involved in actual human trafficking and bonded labour?

 

[Revoltingest]

Is it ironic, or just typical that major banks are heavily involved in actual human trafficking and bonded labour?

They are?
Who?

 

[suncowiam]

Is it ironic, or just typical that major banks are heavily involved in actual human trafficking and bonded labour?

Really, you are going to compare banking to human trafficking and bonded labour?

What does the bank want from you that you were not aware before you signed the contract? It wants the same money back plus interest and fees. Anyone should have known this before signing the contract.

Did the bank hold a gun to your head to make you sign the contract?

Could I just please ask to keep a clear perspective on what slavery, human trafficking and forced labour really is about?

You have choices with the bank. It's same choice you make when you go into Jamba Juice and buy a smoothie. You don't have to buy that smoothie.

 

[Shadow Wolf]

I looked at payment histories to creditors (the details in the report).
Irregular payments & failure to honor obligations signal future tenant trouble.
Banks find the numerical score predictive.

If that was all it was used for, and the way things are scored to receive a serious overhaul (such as doing away with some of the "dumb" things that lower it, such as report being request, loan being denied, and hold lack of a long-term credit line established against a person, as well as making it so there is a difference between destructive spending habits, unfortunate circumstances, and identity theft), it would be so bad. But credit reports are used for many things other than that. There is also the issue of needing a credit card for certain things. I wouldn't be surprised if the banks were the first ones to back a bill that would do away with cash altogether so we'll all have to have one of their cards no matter what (They already make money from welfare cards in some states).
The banks have too much power.

 

[suncowiam]

If that was all it was used for, and the way things are scored to receive a serious overhaul (such as doing away with some of the "dumb" things that lower it, such as report being request, loan being denied, and hold lack of a long-term credit line established against a person, as well as making it so there is a difference between destructive spending habits, unfortunate circumstances, and identity theft), it would be so bad. But credit reports are used for many things other than that. There is also the issue of needing a credit card for certain things. I wouldn't be surprised if the banks were the first ones to back a bill that would do away with cash altogether so we'll all have to have one of their cards no matter what (They already make money from welfare cards in some states).
The banks have too much power.

Just to quote you on the removal of currency. The government has been tinkering with this idea with support from folks like Bill Gates.

The reasoning is that creating cash has cost associated with it. Also, cash is less secure and cannot be tracked. Money trafficking is a serious issue with organized criminals and tax evaders...

I personally support this idea also.

 

[Yerda]

They are?
Who?

HSBC would be the most obvious example. Any bank that launders money for drug cartels and terror groups would do though.

 

[Yerda]

Really, you are going to compare banking to human trafficking and bonded labour?

Nope.

 

[suncowiam]

Nope.

Oh

I'm so sorry, I misread your sarcasm. Frubal time. =)

 

[Shadow Wolf]

I personally support this idea also.

So you can be forced to become even more dependent upon a bank? So they can have an even greater grip on government?
Also, how would it effect the money laundering and tax evasion that already happens via digital means?

 

[Revoltingest]

If that was all it was used for, and the way things are scored to receive a serious overhaul (such as doing away with some of the "dumb" things that lower it, such as report being request, loan being denied, and hold lack of a long-term credit line established against a person, as well as making it so there is a difference between destructive spending habits, unfortunate circumstances, and identity theft), it would be so bad. But credit reports are used for many things other than that. There is also the issue of needing a credit card for certain things. I wouldn't be surprised if the banks were the first ones to back a bill that would do away with cash altogether so we'll all have to have one of their cards no matter what (They already make money from welfare cards in some states).
The banks have too much power.

Actually, it's the government which is making cash more & more difficult to use.
- It's a crime to deposit over $10K in cash per year in increments smaller than $10K per deposit.
(It's called structuring. If they see it, they'll take all your money without due process.)
- Government requires banks to report deposits over $10K to them.
- Government requires banks to report withdrawls over $10K to them.
- Government snoops at flea markets (aka swap meets) for people who do business in cash.

As I see it, tis government which has too much power, not the banks. Wait til you start & run a business with some employees.....that will change one's perspective. Banks are your ally...government is the enemy.

 

[suncowiam]

So you can be forced to become even more dependent upon a bank? So they can have an even greater grip on government?
Also, how would it effect the money laundering and tax evasion that already happens via digital means?

I don't know about you but I'm already dependent on banks.

Could you give an example of money trafficking over digital medium?

 

[Shadow Wolf]

Actually, it's the government which is making cash more & more difficult to use.
- It's a crime to deposit over $10K in cash per year in increments smaller than $10K per deposit.
(It's called structuring. If they see it, they'll take all your money without due process.)
- Government requires banks to report deposits over $10K to them.
- Government requires banks to report withdrawls over $10K to them.
- Government snoops at flea markets (aka swap meets) for people who do business in cash.

As I see it, tis government which has too much power, not the banks. Wait til you start & run a business with some employees.....that will change one's perspective. Banks are your ally...government is the enemy.

The government isn't free of guilt, but the hands of the banks are not clean.

Could you give an example of money trafficking over digital medium?

Ever hear of World of Warcraft?

 

[suncowiam]

The government isn't free of guilt, but the hands of the banks are not clean.

Ever hear of World of Warcraft?

Yes, I've played wow. I'm still not understanding the concept...

 

[Shadow Wolf]

I don't know about you but I'm already dependent on banks.

Then why would you want to be more dependent on them?

Yes, I've played wow. I'm still not understanding the concept...

Games like WoW are actually used quite often as a ways to electronically launder money. Many (I've heard most) discount gold, game time, character, and item for sale sites on the internet are funding some sort of illegal activity.

 

[suncowiam]

Then why would you want to be more dependent on them?

Games like WoW are actually used quite often as a ways to electronically launder money. Many (I've heard most) discount gold, game time, character, and item for sale sites on the internet are funding some sort of illegal activity.

I trust banks. They've never deceived me. They've enabled me to certain properties much sooner when compared to a more basic economy like Vietnam which is where I'm from.

I have no issues with banks.

 

[Revoltingest]

The government isn't free of guilt, but the hands of the banks are not clean.

You think my hands are clean?

 

[dust1n]

I don't think banks or lending are inherently bad. There are certainly many bad things bad people can do within those positions.

The problem is with how the monetary system works entirely, and the globalization which allows generally wealthy people around the world, and the general Western public, to exploit the labor of people from a different place to different standards that they hold for themselves.

 

[ShivaFan]

I thinkbank credit cards such as VISAhave become a serious debt problem in society. Only food and gas should be allowed to purchase via plastic credit, never electronic items or such luxary items.

 

[Stevicus]

Actually, it's the government which is making cash more & more difficult to use.
- It's a crime to deposit over $10K in cash per year in increments smaller than $10K per deposit.
(It's called structuring. If they see it, they'll take all your money without due process.)
- Government requires banks to report deposits over $10K to them.
- Government requires banks to report withdrawls over $10K to them.
- Government snoops at flea markets (aka swap meets) for people who do business in cash.

Most of this can be attributed to Reagan and his wonderful War on Drugs, supported by fiscal conservatives and their fellow travelers who pledged to "get government off our backs." That's where all those free-market types lose what little credibility they ever had.

As I see it, tis government which has too much power, not the banks. Wait til you start & run a business with some employees.....that will change one's perspective. Banks are your ally...government is the enemy.

If the banks were truly interested in being allies with the people against their government, I would think their behaviors and choices in recent decades would have been much different than they have been. It's more likely the case that the banks and the government are allies against the common people.

Really, I have to ask: If businesses are so concerned that government is some kind of oppressive "enemy," then why do they put up with it? Why don't they show some real backbone and get out there and protest? Back in the days of the civil rights and anti-war marches, leftists had to worry about arrest, jail, beatings, and possibly even death - yet they still went out to fight the good fight, even against all the odds. In contrast, the businesspeople only have to worry about losing money, yet they still sit there - passively and gutlessly - while the government "oppresses" them.

Oh sure, some of them have banded together and called themselves the "Tea Party," but it seems rather arrogant that they can actually compare themselves to the Revolutionaries who brought about the real Boston Tea Party. They don't have the salt or the testicular fortitude that we had 240 years ago.

 

[Revoltingest]

Most of this can be attributed to Reagan and his wonderful War on Drugs, supported by fiscal conservatives and their fellow travelers who pledged to "get government off our backs." That's where all those free-market types lose what little credibility they ever had.

FWIW, I did vote against him in both elections.

If the banks were truly interested in being allies with the people against their government, I would think their behaviors and choices in recent decades would have been much different than they have been. It's more likely the case that the banks and the government are allies against the common people.

A conspiracy to wage war against the citizenry?
For what purpose?

Really, I have to ask: If businesses are so concerned that government is some kind of oppressive "enemy," then why do they put up with it? Why don't they show some real backbone and get out there and protest? Back in the days of the civil rights and anti-war marches, leftists had to worry about arrest, jail, beatings, and possibly even death - yet they still went out to fight the good fight, even against all the odds. In contrast, the businesspeople only have to worry about losing money, yet they still sit there - passively and gutlessly - while the government "oppresses" them.

Many of us believe the best way (currently) to fight the enemy is by advocacy & voting.
The result is what it is.

Oh sure, some of them have banded together and called themselves the "Tea Party," but it seems rather arrogant that they can actually compare themselves to the Revolutionaries who brought about the real Boston Tea Party. They don't have the salt or the testicular fortitude that we had 240 years ago.

Then you must imagine how lame I feel as a Libertarian.
We've even less power than the testicularly challenged Tea Partiers.
Your low opinion of them implies an even lower opinion of us.....I might <sniff> be moved <sniff> to tears.