The End-State of Western Capitalism—People as Cash Cows
The activities of the United States abroad have become redolent of resource grabs. Under the banner of “Making the world safe for democracy,” her aggression has resulted in an amalgamation of other countries’ resources. Oil and minerals top the list.
Far from protecting her own citizens’ property and economic interests, however, the domestic activities of the US increasingly reveal finely honed mechanisms resulting in asset seizure and transfer of wealth.In order to accomplish these aims, certain established checks and balances have been nullified or bought off.
“The nursing home industry generates very substantial profits. To maintain those profits I’ve found that United States currency is not the only currency used. In the course of my practice I had occasion to represent a lawyer who had interests in a number of nursing home ventures. Part of the fee he earned was paid in cash, but, a substantial portion was paid in nursing home beds. In the industry the beds had a fixed price and were traded very much like stock – except the nursing home operators participating in the industry created the market for the trading of the beds. The ownership of a bed entitled the owner to a limited partnership interest equal to a certain portion of income of the nursing home bed.
“To clarify, if there were 350 beds in the facility the ownership conveyed was 1/350th of the net operation. The 1/350th was determined after deductions for all expenses including sinking funds, contingent costs, etc. One of the facilities that I examined the books of during litigation had the following breakdown: set price for a bed $3500. This price was a set price that could be ascertained by any of the participating operators. The bed paid a yearly dividend of 15%. This dividend was declared by the managing partners each year and was in some manner based upon profit or loss. The bed could be redeemed by the liquidation of the facility which usually occurred after a fixed number of years of operation.”