OWNERS OF THE PRISON SYSTEM IN AMERICAProfiteering off the prisoners / Prime stockholders in Correction Corp. of America / Funding Streams Exposed / Corporate Public Private Scheme Exploiting, Criminalizing Vulnerable PeopleResearch and excerpts from LETTERS FROM JAIL
From: Lynn Schmaltz
I had many opportunities to educate women on the monetary system of jail. The moment an order is written, whether it?s a warrant or a traffic ticket, or whatever, the money machine is activated. 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.
The way the bond works 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. It?s 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. 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 women 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.
UCC Financing Statement and The Redemption Service - Stop Forclosure
PLEASE GOOGLE RULE 144 and prisoners !!