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A history of banking – Slavery by debt, laws and treaties
#5
Henry C. Carey – The Slave Trade

In this post an interesting historic book by Henry C. Carey (1793−1879), born in Philadelphia, on how so-called “free races” are enslaved. It’s almost a prequel to William Engdahl’s book
The strange thing is that it’s from 1853 (165 years old) and most of it is still actual. It really explains why the United Nations, World Bank and IMF were founded. A lot of it is based on Adam Smith’s views. While Carey pinpoints a lot of strategies used against “us”, some of the solutions he presents miss the mark…


Under the Spanish system, labour is valuable so slaves continue to be imported. Under the English one, labour is valueless and men sell themselves for long years of slavery at the sugar culture in the Mauritius, Jamaica, and in Guiana.
England is engaged in a war against the labour of all other countries employed in other activity than raising raw produce to be sent to England, there to be manufactured into end products at the factories of her millionaires, who have accumulated their vast fortunes at the expense of Ireland, India, Portugal, Turkey, and other countries that have been ruined.
The nation that exports raw produce exhausts its land, and then it must export its men, leaving women and children to perish.

Cotton is produced in countries like India, Egypt, Brazil, the West Indies, and the Southern States of the US. It’s then made into cloth in England and becomes valuable. The trick is to keep the value of the raw material low and the end product high. In this way the rich of England become even richer, while the poor become poorer.
This also shows how deceptive calculations based upon statements on the value of exports and imports are; that always “prove” the growing prosperity of England.
If the people of Cuba, Brazil, India, and other countries produce cloth, iron, and other commodities for which they now depend on Europe, and thus diminish their need to export, it would increase the price of their products while making cloth and iron cheaper. This would make these “third world” countries more “free”.

Ever since India came under English rule, their condition has become hopelessly miserable. Cholera became very common.
The Hindu, like the black, is shut out from the workshop. If he attempts to make cloth, he’s heavily taxed, from which his wealthy English competitor is exempt. His iron ore and his coal must remain in the ground, and if he dares to collect the salt which crystallizes before his door, he is fined and imprisoned.
The sub-renter extorts whatever he thinks the unfortunate borrower could pay, for example 1% interest a week. In this way, no matter how large the crop, the poor borrower will never make a profit.

The very best parts of India were selected for the cultivation of the poppy. If the people refused, they were forced. The same company that forced them to grow opium, forced them to sell it back to them for the price they decided. It was exported to China. In 1839, the emperor of China finally seized a huge amount of opium to be destroyed. Then Britain started the “opium wars”, to force the Chinese to repay them for the destroyed opium.
Britain calls her opponents “despots”, while the British elite are the real despots.
Portugal, India, Turkey and Ireland yield to the British system, become poorer and weaker every year, and their people more enslaved.
In 1801, the copyright and patent laws of England were extended to Ireland, and publishing books was stopped. As a result Ireland couldn’t compete anymore. Irish workers were forced to go to England looking for a job to pay the rent at home. It is common to blame the rapid growth of population for the poor state of Ireland, but in reality this wasn’t the cause.
The Irish went from being land owners, to tenants. The land passed from many into the hands of the few. In the days of Adam Smith there were 220,000 English land-owners, in 1853 only 80,000 were left, while all the land of Scotland is accumulated in the hands of only 6000 people.

In Britain children were sold. Girls brought the highest price; girls aged 12 to 18 cost $500-800.
The poor enter their children in so-called “burial clubs”. A small sum is paid every year by the parent, and this entitles him to receive a larger sum when the child dies. Many parents enter their children in several clubs. One man in Manchester had his child in 19 different clubs.
Parents are so miserable that they actually kill their helpless little offspring to receive the reward from the “burial clubs”.

In 1825, Germany exported almost 30 million pounds of raw wool to England, where it was subjected to a duty of 12 cents per pound for the privilege of being manufactured into cloth.
Germany, Russia, Spain, Denmark, Belgium, and some other states, are trying to protect their farmers. The King of Prussia tries to strengthen his people by enabling them to find employment, manure for their farms, and strengthens Germany by the formation of a great Union, that gives 30 million people the freedom of internal trade.
In contrast, all the measures of England in India are to enslave a hundred million. Of course Russia and Germany haven’t bothered England anymore since the first and second World Wars…

According to Carey, the way to freedom is increasing the value of labour and land. He proposes to export machines to (for example) Africa to increase the labour “value” of Africans. I don’t agree with these ideas…
The additional profits from using machines go to the same elite that control the manufacture of machines. In the 21th century we have computer technology that has reduced the value of a human to an all-time low…
Increasing the value of land, makes the poor: slaves of (the interest rates of) the banks.

The Hindu sells his cotton for a penny a pound, and buys it back as cloth at 18-20 pence.
The Virginia slave sells tobacco for 6 shillings' worth of commodities, of which he and his owner obtain 3 pence.
The poor Irishman raises chickens which sell in London for shillings, of which he receives a pence.
A pound of sugar which had yielded the “free” black of Jamaica two pence, exchanges in Ireland for 2 chickens or 12 lobsters.
It would be much better if labour and capital would be locally applied, reducing exports. The home trade, instead of import-export would increase prosperity.

Henry C. Carey – The Slave Trade, Domestic and Foreign: why it exists, and how it may be extinguished (1853): https://archive.org/stream/slavetradedom...e_djvu.txt
(or the 28 MB PDF: https://ia800603.us.archive.org/6/items/...01care.pdf)
The Order of the Garter rules the world: https://www.lawfulpath.com/forum/viewtop...5549#p5549
  


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RE: A history of banking – Slavery by debt, laws and treaties - by Firestarter - 09-28-2019, 02:04 PM

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