Thread: Send All Debt Defaulters to the Gulags!

Send All Debt Defaulters to the Gulags!

Mac Slavo
June 8th, 2011
SHTFplan.com
16 Comments

If you haven’t caught this story yet, then you’ll be shocked at how far the Department of Education will go to collect monies owed them (if that is, in fact, what this was about). Our government, it seems, is fully prepared to follow the route of mob style knee-cracking. If the banks had their way, this is how most debt collections would go:

A father was dragged from his home and handcuffed in front of his children by a SWAT team looking for his estranged wife – to collect her unpaid student loans.

A stunned Kenneth Wright had his front door kicked in by the raiding party at 6 am yesterday before being dragged onto his front porch, handcuffed and led to a police car with his three children.

He says he was then detained for six hours while officers looked for his wife – who no longer lives at the house.
…

Mr Wright was later told by Stockton police that the order to send in the SWAT team came from The U.S. Department of Education who were looking for his estranged wife to collect defaulted loan payments.
…

An officer then grabbed him by the neck before dragging him out onto the front lawn.

His 3, 7, and 11-year-old children were also removed by officers and put in a waiting police car.

‘He had his knee on my back and I had no idea why they were there,’ Mr Wright said.

‘They put me in handcuffs in that hot patrol car for six hours, traumatising my kids.’
…

He even had words of advice for anyone thinking of skipping paying their college bills.

He added: ‘People who have student loans , pay your bills, take care of your credit.

‘If you don’t belive me, this could be you one morning 6 o’clock.’

Source: Daily Mail http://www.dailymail.co.uk/news/article ... ds-newsxml

For those who are familiar with FEMA emergency “refugeeâ€

Panic To Ensue: We Are About To Enter a Period Without Precedence In American History

Mac Slavo
June 8th, 2011
SHTFplan.com
24 Comments

In Visualizing Emotional Collapse: From Euphoria to Despondency http://www.shtfplan.com/headline-news/v ... y_06072011 we provided our readers with a chart of the investor cycle of emotions. After the collapse of market euphoria, like we experienced in real estate or the general state of the economy around 2007/2008, comes anxiety, denial and our current state of emotion – fear – which leads to depression.

In a June 7th email to subscribers of the Daily Wealth Newsletter, http://signups.dailywealth.com/fsm/sign ... p/429.html Porter Stansberry has provided the latest update to his aptly titled End of America series. http://www.stansberryresearch.com/pro/1 ... PSIM624/PR In it, he warns that with the Federal Reserve preparing to remove stimulus in the form of Treasury bond purchases by the end of this month, we are entering an unprecedented period in American history – and along with it, the next phase of the investor emotional cycle: PANIC.

In the next few weeks, our country will enter a period without precedence in our experience.

On June 30, the Federal Reserve has pledged to cease buying U.S. Treasury bonds. This is the second time since the financial crisis it has intervened in the Treasury market in a major way. The program of buying new Treasury issues has been dubbed “quantitative easing IIâ€

Related Thread Here
Dept. of Education breaks down Stockton man's door

http://www.alipac.us/ftopict-240327.html

POLICE STATE, USA

SWAT team breaks down door over student loans

'He had his knee on my back and I had no idea why they were there'--KXTV-TV, Stockton

WEB ONLY: Stockton man tells his story about search warrant

WEB EXCLUSIVE: Stockton resident Kenneth Wright tells News10 his side of the story when federal agents served a search warrant at his home.

VIDEO: http://www.news10.net/video/default.asp ... 3856954001

Questions surround feds' raid of Stockton home

3:44 PM, Jun 8, 2011

Video at the Link: http://www.news10.net/news/local/story. ... yid=141108

STOCKTON, CA - A federal education official Wednesday morning offered little information as to why federal agents raided a Stockton man's home Tuesday.

DOCUMENT: Search Warrant http://www.news10.net/news/pdf/Ed-dept- ... 060711.pdf

The resident, Kenneth Wright, does not have a criminal record and he had no reason to believe why what he thought was a S.W.A.T team would be breaking down his door at 6 in the morning.

"I look out of my window and I see 15 police officers," Wright said.

As Wright came downstairs in his boxer shorts, he said the officers barged through his front door. Wright said an officer grabbed him by the neck and led him outside on his front lawn.

"He had his knee on my back and I had no idea why they were there," Wright said.

According to Wright, officers also woke his three young children, ages 3, 7, and 11, and put them in a Stockton police patrol car with him. Officers then searched his house.

"They put me in handcuffs in that hot patrol car for six hours, traumatizing my kids," Wright said.

As it turned out, the person law enforcement was looking for - Wright's estranged wife - was not there.

Wright said he later went to Stockton Mayor Ann Johnston and Stockton Police Department, but learned the city of Stockton had nothing to do with the search warrant.

U.S. Department of Education spokesman Justin Hamilton confirmed for News10 Wednesday morning federal agents with the Office of the Inspector General (OIG), not local S.W.A.T., served the search warrant. Hamilton would not say specifically why the raid took place except that it was part of an ongoing criminal investigation.

Hamilton said the search was not related to student loans in default as reported in the local media.

OIG is a semi-independent branch of the education department that executes warrants for criminal offenses such as student aid fraud, embezzlement of federal aid and bribery, according to Hamilton. The agency serves 30 to 35 search warrants a year.

"They busted down my door for this," Wright said. "It wasn't even me."

The Stockton Police Department said it was asked by federal agents to provide one officer and one patrol car just for a police presence when carrying out the search warrant.

Police officers did not participate in breaking Wright's door, handcuffing him, or searching his home.

"All I want is an apology for me and my kids and for them to get me a new door," Wright said.

News10/KXTV

http://www.news10.net/news/local/story. ... yid=141108