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Jada Thacker – How Debt Conquered America

Since its center-stage debut during the Occupy Wall Street movement, “the 99%” – a term emblematic of extreme economic inequality confronting the vast majority  – has become common place. The term was coined by sociology professor David Graeber, an Occupy leader and author of the encyclopedic Debt: The First 5,000 Years, published just as the Occupy movement captured headlines.

What Graeber’s monumental work did not emphasize specifically, and what most Americans still do not appreciate, is how debt was wielded as the weapon of choice to subjugate the 99% in the centuries before the Occupy protesters popularized the term. Like so many aspects of our Lost History, the legacy of debt has been airbrushed from our history texts, but not from our lives.

The original 99% in America did not occupy Wall Street in protest. They occupied the entire Western Hemisphere as original inhabitants of North and South America. After 20,000 years of Occupy Hemisphere, an Italian entrepreneur appeared, having pitched an investment opportunity to his financial backers in Spain.

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