I woke this morning thinking about the old company stores of coal-mining fame. These stores were created by the company for which the miners worked, and they had all the food and supplies each employee needed to survive. The problem was that they needed to borrow against their paychecks for supplies to live, and when they got paid their checks didn't cover the necessities of life. Their checks barely covered the interest being charged for the over-priced goods they charged creating a spiral of debt that saw most of them working for nothing their entire lives.
Sound familiar?
I did a quick search for "company store" and found Charles Hugh Smith's blog about this very subject. He puts it all together pretty well, in my opinion.
http://www.oftwominds.com/blogoct08/serfdom10-08.html
It seems that our "company store" is simply a national store, and now that the company store is in trouble, it will be financed by the government. But it won't be the taxpayers who benefit - as one would expect in a government by the people and for the people. It will be the company store itself.
Hold on to your hats...I think we're about to lose them...
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