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Sunday, October 16, 2011

(UPDATED & AMENDED 3/12/2012) MODNEX INTEL/KATSURA WORLDWIDE: "THE PRE-OBAMA STUDENT LOAN CONSPIRACY"


(UPDATED AND AMENDED MARCH 1, 2012)

MODNEX INTEL/KATSURA WORLDWIDE . . .
. . . "DIVISON OF SOCIOECONOMICS" AND "DIVISION OF ECONOMIC JUSTICE" . . . . . .
. . . REPORTS . . . IN A "SPECIAL NEWS REPORT" . . .
. . . FROM "KEN KATSURA" . . . ADVANCED INDEPENDENT AND POTENTIAL CANDIDATE FOR THE WHITE HOUSE 2012/2016 . . .
 
KATSURA STATED:

"FIRST, THIS MESS WAS BEGUN AFTER THE 1970s, IN THE 1980s, AND IT'S IMPORTANT TO NOTE THAT GRADUATES OF THE 1970s DIDN'T HAVE TO REPAY THEIR STUDENT LOANS . . . AND MANY OF THEM DIDN'T.  IN RESPONSE TO THIS, A NEW GOVT. STUDENT LOAN PROGRAM WAS INVENTED . . . WITH, PERHAPS, A FAR DIFFERENT INTENT:  MASSIVE LABOR AND FINANCIAL INVESTMENT EXPLOITATION.
 
THE MASSIVE LABOR AND FINANCIAL INVESTMENT EXPLOITATION HAS BEEN DESIGNED TO EXPLOIT COLLEGE STUDENTS AND GRADUATES THROUGH SUB PRIME LENDING ("REVERSE QUALIFICATION") IN CONJUNCTION WITH SUB PRIME HOME MORTGAGE LENDING.  IN BOTH CASES, THE MAJORITY OF BORROWERS ARE ANTICIPATED TO FAIL AND ARE "BET AGAINST" ON WALL STREET FOR PROFIT BY THE FINANCIALS AND FOR GOVT. EMPLOYEE UNION 401Ks.

TO CUT TO THE CHASE, COLLEGE STUDENT AND GRAD BORROWERS FROM THE 1980s UP TO THE OBAMA ERA, HAVE BEEN RUN THROUGH AN "EXPLOITATION CIRCUIT" WHICH, FROM THE TIME THEY TAKE OUT A GOVT. STUDENT LOAN AND ATTEND COLLEGE, TO THE CIRCUIT'S FINAL OUTCOME FOR MANY (DEFAULT, GREATLY INCREASED DEBT, UNEMPLOYMENT AND COLLECTIONS), THE INDIVIDUALS IS EXPLOITED BY BOTH GOVT. AND THE FINANCIALS VIA:

1.  MASSIVE LABOR EXPLOITATION BY GOVT. UNIONS AND PRIVATE SCHOOLS
FIRST, GOVERNMENT ENGAGED IN WHAT WE REFER TO AS A POLITICAL "IRON TRIANGLE" WITH THE FINANCIALS.  GOVERNMENT SET UP A STUDENT LOAN PROGRAM WHICH INCLUDED PROVIDING "NINJA SUB PRIME" LOANS FROM THE FINANCIALS TO STUDENTS AND "LAUNDERED" THEM AS "LOW INTEREST STUDENT LOANS." LIKE A "PITCHER PLANT" STRATEGY, THIS WAS THE FIRST STEP TO DRAW IN AND CAPTURE THE PREY WHICH, OVER TIME, WILL BE COMPLETELY "CONSUMED" . . .

SECOND, WHEN YOU ATTEND COLLEGE, WITHOUT KNOWING IT, YOU PROVIDE FREE LABOR TO GOVERMENT AMOUNTING TO AN AVERAGE OF $336,000 OVER 4 YEARS OF STUDY - IN ADDITION TO TUITION AND COSTS.  A GIVEN STUDENT PASSES UP EARNING, BY COMPARATIVE EXAMPLE, $42K/YR SALARY EQUAL TO AN ADMINISTRATIVE ASSISTANT (YOU DO ABOUT THE SAME ROUTINE THEY DO FROM THE TIME YOU WAKE UP TO THE TIME YOUR DAY ENDS), WHILE ALSO PROVIDING FREE LABOR TO HIGHER EDUCATION OF APPROXIMATELY AN EQUAL AMOUNT, WHILE RATIONALIZING HIGHER EDUCATION AND RESEARCH JOBS AND PRIVATE SECTOR CONSUMPTION AND JOBS RELATED, THERETO.  THIS IS WHAT IT TAKES TO "MAKE IT ALL HAPPEN."

THIS WILL "COST" THE STUDENT, IN LABOR ECONOMICS TERMS, $336,000 (FREE LABOR) + $160,000 (AVE. COST OF COLLEGE TUITUION AND COSTS AT $40K/YR) . . . EQUALING APPROXIMATELY $496,000 - FOR A B.A. DEGREE OVER FOUR YEARS OF WORK, HALF OF WHAT THE ASSOCIATION OF AMERICAN COLLEGES AND UNIVERSITIES CONTEND THAT THE AVERAGE GRAD WILL MAKE OVER A H.S. GRAD OVER A LIFETIME ($1 MILLION).

OUTRAGEOUSLY, TAKING MY OWN ALMA MATER, UC SANTA BARBARA, WITH ABOUT 22K ENROLLMENT/YR, AS A "MEDIUM-SIZED" CAMPUS, RECEIVES ABOUT $924,000,000/YR. IN FREE/VOLUNTARY LABOR FROM STUDENTS IN ATTENDANCE TO "MAKE IT ALL HAPPEN" ($42K/YR. EACH STUDENT PROVIDES IN LABOR ATTENDING SCHOOL COMPARABLE TO ADMIN. ASSISTANT WORK IN CALIFORNIA . . .  X 22,000 ENROLLMENT AT UCSB = $924,000,000).  

SO, MY ALMA MATER, UC SANTA BARBARA, AS AN "AVERAGE-SIZED" U.S. COLLEGE/UNIVERSITY, COSTING $924,000,000/YR. IN "FREE, VOLUNTARY STUDENT LABOR" TO "MAKE IT ALL HAPPEN" EVERY YEAR, IS THEN MULTIPLIED BY THE TOP 6,000 U.S. COLLEGES AND UNIVERSITIES ($924,000,000 X 6,000) AND WE COME OUT WITH:   THE TOP 6,000 U.S. COLLEGES AND UNIVERSITIES RECEIVE $5 QUADRILLION, 544 TRILLION (OR $5,544,000,000,000,000) OF FREE/UNPAID/VOLUNTARY LABOR 'PER YEAR' FROM CITIZENS/STUDENTS FOREGOING WORK AND ATTENDING COLLEGE IN A SINGLE ACADEMIC YEAR IN THE UNITED STATES.  THIS AS "FREE/VOLUNTEER LABOR" IS QUALIFIED AS SUCH BY THE STATE OF CALIFORNIA UNEMPLOYMENT DIVISION CODE, IN SHORT BY GOVERNMENT'S OWN ADMISSION.

2.  MASSIVE LABOR EXPLOITATION AFTER GRADUATION

THE FINANCIALS' KNEW, WITH THE NEW CAPITAL THEY WERE PROVIDING FOR GOVT. STUDENT LOANS, THAT THIS WOULD MAKE COLLEGE MORE ACCESSIBLE TO AMERICANS AND WOULD "FLOOD THE LABOR MARKET" WITH COLLEGE GRADUATES, MAKING INTELLECTUAL LABOR MASSIVELY EXPLOITABLE, AND THAT IS EXACTLY WHAT THEY DID, INTENTIONALLY.  HOWEVER, EVEN MORE DEVIOUS WAS THEIR INVESTING INTO "THE RISE OF EMPLOYMENT AGENCIES," THE FINANCIALS' "SECONDARY VEHICLE/SUBTERFUGED VEHICLE OF LABOR EXPLOITATION" OF COLLEGE GRADUATES. 

HUGE NUMBERS OF COLLEGE GRADUATES WERE PAID H.S. GRADUATE WAGES/SALARIES (TYPICALLY FOR POSITIONS IN OFFICE SUPPORT) AND WERE MASSIVELY EXPLOITED . . . THE INVESTORS MAKING A KILLING.

3.  MASSIVE INVESTOR EXPLOITATION VIA PUBLISHING INDUSTRY

THE FINANCIALS' ALSO KNEW, WITH THE NEW CAPITAL THEY WERE PROVIDING FOR GOVT. STUDENT LOANS, THAT THIS WOULD GENERATE HUGE DEMAND FOR TEXTBOOKS IN THE PUBLISHING INDUSTRY, AS WELL.  HERE, THEY, AGAIN, MADE A KILLING BY RAISING TEXTBOOK COST TO UNGODLY LEVELS AND MADE MONUMENTAL PROFITS BY EXPLOITING THE MASSIVE NUMBERS OF NEW COLLEGE STUDENTS.  

IT WOULD BE NAIVE OF US TO BELIEVE THAT COLLEGE AND UNIVERSITY PROFESSORS WERE NOT IN ON THIS, AS WELL . . . MANY WORKING IN "PUBLISH OR PERISH" ENVIRONMENTS . . .

4.  MASSIVE INVESTOR EXPLOITATION VIA "BETTING AGAINST" ON WALL ST.

THE FINANCIALS' ALSO KNEW, WITH THE NEW CAPITAL THEY WERE PROVIDING FOR GOVT. STUDENT LOANS, THAT IF BORROWERS DEFAULTED, THE FINANCIALS WOULD GET PAID, ANYWAY, BY THE "GUARANTEE" PROGRAMS, AND THE TAXPAYERS WOULD HAVE TO FOOT THE BILL AND PAY THEM, AND THE TAXPAYERS DID PAY THEM WHEN THE BORROWERS DEFAULTED.  THIS ALLOWED FOR "BETTING AGAINST" ON WALL STREET BY THE FINANCIALS GIVING OUT THE CAPITAL FOR THE GOVT. STUDENT LOANS TO BEGIN WITH!  INDEED, RATHER THAN  HOPING FOR STUDENTS TO REPAY THE STUDENT LOANS, THEY "BET AGAINST" THE BORROWERS, INSTEAD, TO REAP PROFITS OFF OF WALL ST. WHILE STILL GETTING PAID BY THE "GUARANTEE" OF THE LOAN PROGRAM!

AT THE SAME TIME, KEEP IN MIND, THE INVESTORS HAD EVERY REASON TO SABOTAGE, BLACKLIST OR SIMPLY RUIN THE REPUTATION OF COLLEGE GRADUATES TO ENCOURAGE THEM TO "FINANCIALLY FAIL" WHILE BETTING AGAINST THEM ON WALL STREET . . .  THE DAYS OF "ALL-AMERICAN" SUPPORT FOR COLLEGE GRADUATES, IN GENERAL, WERE OVER . . .  THE WORSE THEY COULD MAKE YOUR REPUTATION, THE CHEAPER THEY COULD GET YOU FOR LABOR, AS WELL . . . (ADD THIS PT. TO NO. 2, ABOVE, AS WELL).

GRADUATES, NAIVELY COMING UP AGAINST SUCH ADVERSITIES, DID AS THE FINANCIALS' PREDICTED:  THEY FORECLOSED AND DEFAULTED.  THE GOVERNMENT THEN OFFERENED THE WILLIAM D. FORD LOAN CONSOLIDATION PROGRAM AND CONTRACTED OUT TO PRIVATE SECTOR COLLECTORS, SUCH AS NCO FINANCIAL SYSTEMS, WHEN THE BORROWERS DEFAULTED ON THIS PROGRAM, AS WELL, AND AS THE FINANCIALS HAD ANTICIPATED.  FROM THERE, THE FEDS SOLD THE "DEBT" OUTRIGHT TO NCO FINANCIAL SYSTEMS, ET AL, AND THE FEDS ARE THEN "CLEARED" OF THE MATTER, ALTOGETHER, THE BORROWERS DEBT NOW "TWICE OR MORE" THE AMOUNT ORIGINALLY BORROWED!

ONCE THE DEBT IS SOLD OUTRIGHT FROM THE FEDS TO NCO FINANCIAL SYSTEMS . . . NCO TRIES TO COLLEGE THE NOW DOUBLED OR MORE DEBT.  SUSPCIOUSLY, HOWEVER, . . . GUESS WHO . . . IS INVESTED INTO NCO FINANCIAL SYSTEMS?  THAT'S RIGHT . . . THE SAME FINANCIALS AND INVESTORS (GOVT. UNIONS 401K, ET AL) . . . WHO PROVIDED THE STUDENT LOAN CAPITAL TO BEGIN WITH, NOW HOPING TO "DOUBLE DIP" AND EXTRACT OVER DOUBLE THE AMOUNT THEY LOANED OUT TO BEGIN WITH . . .

A POSITIVE NOTE FOR STUDENT LOAN DEBTORS

ON THE BRIGHT SIDE, IF THERE IS ONE, HERE, GOVT. EMPLOYEES, VIA UNION 401Ks, HAVE A "CONFLICT OF INTEREST" OR "TAINTED CHARACTER" WHEN IT COMES TO ISSUES INVOLVING LEGAL DISPUTES BETWEEN STUDENT LOAN DEBTORS AND THE GOVERNMENT OR WITH ANY OTHER LEGAL OPPOSITION STUDENT LOAN DEBTORS MAY ENCOUNTER!  AS BENEFICIARIES, ANYTIME OVER THE YEARS THE RACKET HAS BEEN GOING, GOVERNMENT EMPLOYEES/UNION MEMBERS ARE REGARDED AS "TAINTED" AS LEGAL WITNESSES . . . SINCE THEY HAVE A FINANCIAL VESTED INTEREST OF "EXTREME PREJUDICE" IN THE MATTER, OVERALL . . .  YES, MOST GOVERNMENT UNION 401K PLANS INCLUDED THE FINANCIALS AND/OR THE SUBSIDIARIES INVOLVED IN THE PRE-OBAMA GOVERNMENT STUDENT LOAN PROGRAM, OVERALL, AND AS HEREIN NOTED.

CIRCUITS OF LABOR AND INVESTMENT EXPLOITATION

AS YOU MAY HAVE NOTICED, THE SYSTEM HAS PUT PRE-OBAMA ERA GOVERNMENT STUDENT BORROWERS THROUGH A "STUDENT LOAN ODYSSEY," SO TO SPEAK, WHERE THEY ARE "FULLY CONSUMED" ON A STEP-BY-STEP BASIS . . . UNTIL THEY ARRIVE AT NCO FINANCIAL SYSTEMS AND MUST SPEND THE REST OF THEIR LIVES PAYING OFF THE PROFITS THE FINANCIALS HAVE MADE OFF OF THIS MASSIVELY UNETHICAL AND CORRUPT SYSTEM OF EXPLOITATION . . .

IN SHORT, GOVT. STUDENT LOAN BORROWERS HAVE BEEN "PROCESSED" LIKE "CATTLE TO THE SLAUGHTER" . . . NAIVE, UNAWARE AND DEFENSELESS.  I REFER TO SUCH AN "ODYSSEY" AS A "CIRCUIT OF SUB PRIME LOAN EXPLOITATION" ("NINJA" TO BE EXACT) . . .

. . . PARALLEL TO THE SUB PRIME HOME LOAN STRATEGY FOR EXPLOITING AND BETTING AGAINST PARTICIPANTS OF "THE OTHER AMERICAN DREAM":  HOME BUYERS/OWNERS. 

IN BOTH CASES, WHETHER THE "AMERICAN DREAM" OF GRADUATING FROM COLLEGE . . . OR . . . WHETHER THE "AMERICAN DREAM" OF OWNING A HOME . . . IN BOTH CASES, ESSENTIALLY THE SAME STRATEGY HAS BEEN EMPLOYED

. . . TO THE DESTRUCTION OF THE AMERICAN PEOPLE AND THE "AMERICAN DREAM" . . . AND TO THE MASSIVE BENEFIT AND PROFITEERING OF THE FINANCIALS AND INVESTMENT COMMUNITY . . .

THE RESULT?  LOW ECONOMIC PRODUCTIVITY, SOCIOPOLITICAL DESTABILIZATION AND MASS UPRISING, AND MASSIVELY OVERVALUATED STOCK . . . MERE PROMISSARIES . . . UNBACKED BY "ECONOMIC VALUATION" . . . AND AN ECONOMY BORDERING ON COLLAPSE.

FURTHERMORE, THE BENEFICIARIES OF WALL STREET TEND NOT TO BE THOSE WHO PRODUCE "ECONOMIC VALUE" . . . MANY PAST THEIR "PRODUCTIVE YEARS" . . .  WE HAVE BEEN PAYING THE WRONG PEOPLE IN OUR NATION, AND CONTINUE TO DO SO . . . AT THE EXPENSE OF NATIONAL AND GLOBAL ECONOMIC WELL BEING . . ."





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