http://dunwalke.com/contents.htm
From Chapter 17
So, let’s say I am a customer of a private bank such as Coutts. Let’s say through Coutts I have an interest in an offshore fund with private prison investments. The more people who are rounded up and put into prison, the more valuable my investment becomes. If laws are passed for mandatory sentences, the more valuable my investment becomes. If politicians and political appointees push through more prison contracts for private companies, the more valuable my investments become. The more enforcement staff and arrests, the more valuable my investments become yet again.
I can of course borrow on the increased value of my portfolio without ever having to sell my investment, so I can watch my investment grow, receive distributions based on profitability and still enjoy the liquidity it provides. In fact, given the wonders of modern banking, I can turn my investment into ready cash with my ATM card, just as the personal staff for the British Royal Family presumably can through the Coutts ATM machine in the basement of Buckingham palace. Indeed, the transatlantic slave trade never dreamed of financial leverage, engineering and liquidity this pervasive, instantaneous or socially respectable.
But perhaps this should all make us pause for a moment and think. If the housing bubble turned our homes into ATM machines and in turn induced many of us to take on debt beyond our means, will the privatization of our prison system provide incentives for those profiting from such investments to support policies that make us even more of a target in the future?
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Funny thing. There are some on this board who think this level of corruption is a good thing.
Why the drug war is never going to be prosecuted effectively.
1. Wall Street/The Banks need the hot drug money to stay above water.
2. People will need to be arrested to fill the for profit prisons
There is no one currently fighting the drug trade who has an interest in ending the trade. As Hillary Clinton says: "there is too much money in it". It is all a charade to keep the Baptists behind the cashing out of America. They are using Drug Prohibition to steal us blind.
They Have Totally Corrupted The Government
They Have Totally Corrupted The Government
Engineering is the art of making what you want from what you can get at a profit.
I tie together a bunch of my recent thoughts on the subject here:
http://classicalvalues.com/2012/03/corr ... overnment/
http://classicalvalues.com/2012/03/corr ... overnment/
Engineering is the art of making what you want from what you can get at a profit.
I'm not so sure about that, remember when those German tourists got shot in Florida. As I recall, the people responsible had been kicked out of prison to make room for the more recently convicted. I wouldn't put it past the clowns that caused the last economic crash to be too incompetent to succeed with slave labour.
CHoff
Prison workers in the US make 50 cents an hour and a lot of the work is done to fulfill government contracts.choff wrote:I'm not so sure about that, remember when those German tourists got shot in Florida. As I recall, the people responsible had been kicked out of prison to make room for the more recently convicted. I wouldn't put it past the clowns that caused the last economic crash to be too incompetent to succeed with slave labour.
Engineering is the art of making what you want from what you can get at a profit.
Then when the guys running it complain they operate at a loss they'll demand a pay cut from workers.MSimon wrote:Prison workers in the US make 50 cents an hour and a lot of the work is done to fulfill government contracts.choff wrote:I'm not so sure about that, remember when those German tourists got shot in Florida. As I recall, the people responsible had been kicked out of prison to make room for the more recently convicted. I wouldn't put it past the clowns that caused the last economic crash to be too incompetent to succeed with slave labour.
CHoff