To The Editor:
Last week a lady wrote to the editor about the money that was made from the prison industry. Prisoners create huge wealth just by virtue of having been, convicted!
Each "criminal" charge has a monetary value attached to it which the "convict" owes upon conviction. I don't mean the fine, I mean there is an actual 'value' attached to that charge.
And, the more charges a person has lodged against him the more "money" can be generated for the system. These values are treated the same as a promissory note and can be (and are) converted into bonds and sold as securities.
To make a very long story short, at the end of the day these "'bonds" are bought and packaged into various kinds of securities and are eventually sold on the public market. Nationwide, this comes to trillions of dollars.
In the old days when someone was charged with something, it most always was a single charge that had "included offenses," Today, because of the money to be made from each charge the state "jams you up" with several charges all at once; more money for the state.
A couple things must be understood:
1-None of this "shakes out" in the budget; the public never sees this. The courts all claim they are broke and that is horse-puckey. They could be swimming in dough (don't believe me? Google: GSA Forms 24, 25, and 25a).
2-The state (and the bankers) do the very same thing with the homes they steal from us through foreclosures. Yes, I said "steal"; the entire residential mortgage system is fraud and is a continuing criminal conspiracy the same as the prison industry.
The bottom-line is the taxpayers are swindled and get stuck with the bills in the end, as usual. They have built brand new prisons all around this country to handle the future prison populations.
To the bankers, investors and the state: "There be money behind them thar prison walls!"