Comments on: Peonage, Wage-Slavery, and the Nationalization of Banks http://www.debtreductionformula.com/blog/peonage-wage-slavery-and-the-nationalization-of-banks/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 05 Mar 2010 09:37:31 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Ryan Healy http://www.debtreductionformula.com/blog/peonage-wage-slavery-and-the-nationalization-of-banks/comment-page-1/#comment-8105 Ryan Healy Mon, 17 Mar 2008 15:23:55 +0000 http://www.debtreductionformula.com/blog/peonage-wage-slavery-and-the-nationalization-of-banks/#comment-8105 Plonkee - Nice to hear from you again! Perhaps the true situation is not as extreme as the article indicates. And like you say, "peonage" wasn't a part of early U.S. history. In the U.S. though, the creation of the Federal Reserve was completely intentional. That happened in 1913-1914. I believe the Fed is responsible for many of America's financial woes. So, yes, you are right. Peonage doesn't apply to the whole of U.S. history, but only certain periods of time. Plonkee – Nice to hear from you again! Perhaps the true situation is not as extreme as the article indicates. And like you say, “peonage” wasn’t a part of early U.S. history.

In the U.S. though, the creation of the Federal Reserve was completely intentional. That happened in 1913-1914. I believe the Fed is responsible for many of America’s financial woes.

So, yes, you are right. Peonage doesn’t apply to the whole of U.S. history, but only certain periods of time.

]]> By: plonkee http://www.debtreductionformula.com/blog/peonage-wage-slavery-and-the-nationalization-of-banks/comment-page-1/#comment-8056 plonkee Mon, 17 Mar 2008 12:12:56 +0000 http://www.debtreductionformula.com/blog/peonage-wage-slavery-and-the-nationalization-of-banks/#comment-8056 I think deliberately created is more than a stretch, certainly as it applies to the UK. Maybe it's true in certain segments of US social history, but not overall, after all most Americans weren't indentured servants, serfs or slaves after their arrival in the US. I think deliberately created is more than a stretch, certainly as it applies to the UK. Maybe it’s true in certain segments of US social history, but not overall, after all most Americans weren’t indentured servants, serfs or slaves after their arrival in the US.

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