The Value Of Prison Labor To The U.S. Corporation
Going To Prison Is Not A Badge Of Honor: You Have No Idea!
The moment an order is written, whether warrant or traffic ticket, etc. the value of prison labor greases the wheels of the US money machine.
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Every prisoner has a monetary value to our government whether its local, county, state or federal.
Bonds are written based on the person’s name and Social Security number and are sold through a brokerage firm such as AG Edwards or Merrill Lynch who has the contract to sell all the prison bonds for the city, county, state or federal prisons.
Over 50% of the money market bonds right now are purchased in Japan or China.
I’ve been told by researchers that Walmart and, used to be, Kmart also purchase these bonds.
Walmart mostly doing so by emptying out bank accounts at night.
Both companies are fronts for enormous money machines.
How Does The Value Of Prison Labor Work?
The way the the value of prison labor in terms of bonds work is that a monetary value is placed on the alleged crime and then factored the way banks factor their money.
In other words, if a person is convicted of a felony, the ‘value’ would be $4 million.
The county/city/ state then multiplies it by ten, so the bond that goes out for sale with the prisoner’s name and social security number is a short-term ‘promissory’ note.
The Social Security number is secret because it is akin to the number Jews were branded during WW2.
The bond is offered at $40 million.
Perhaps an investor will offer 40% of the $40 million, or $16 million.
Once this ‘promissory note’ of the face value of $40 million reaches the banks, it is then multiplied again by 200 to 300% and sold as bank securities.
Prison For Profit: The Prison Industrial Complex
For those of you who wonder why the US has more people in prison per capita than any other nation on earth, you’ll begin to understand how we can have a weakening economy and still fund wars overseas.
It’s all based on prisoners… in other words, prison for profit.
Knowing all this and knowing that a prisoner can have a ‘net worth’ of say, $10,000 per day in the money markets, helped me explain to many bewildered people why they were in jail.
We were only merchandise in a warehouse.
The storage was pretty cheap; one woman while in jail researched the cost of feeding prisoners per day which ranged from 74 cents to $2.72 per prisoner per day.
According to NAP.edu, after decades of stability from the 1920s to the early 1970s, the rate of imprisonment in the United States more than quadrupled during the last four decades.
The U.S. penal population of 2.2 million adults is by far the largest in the world.
Just under one-quarter of the world’s prisoners are held in American prisons.
The U.S. rate of incarceration, with nearly 1 out of every 100 adults in prison or jail, is 5 to 10 times higher than the rates in Western Europe and other democracies.
The U.S. prison population is largely drawn from the most disadvantaged part of the nation’s population: mostly men under age 40, disproportionately minority, and poorly educated.
Prisoners often carry additional deficits of drug and alcohol addictions, mental and physical illnesses, and lack of work preparation or experience.
The growth of incarceration in the United States during four decades has prompted numerous critiques and a growing body of scientific knowledge about what prompted the rise and what its consequences have been for the people imprisoned, their families and communities, and for U.S. society.
The Growth of Incarceration in the United States examines research and analysis of the dramatic rise of incarceration rates and its affects.
This study makes the case that the United States has gone far past the point where the numbers of people in prison can be justified by social benefits and has reached a level where these high rates of incarceration themselves constitute a source of injustice and social harm.
The Growth of Incarceration in the United States recommends changes in sentencing policy, prison policy, and social policy to reduce the nation’s reliance on incarceration.
The report also identifies important research questions that must be answered to provide a firmer basis for policy.
The study assesses the evidence and its implications for public policy to inform an extensive and thoughtful public debate about and reconsideration of policies.
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