Ryan Christie This is indeed slavery. Whats happening in Brazil with hedge fund managers forcing Brazil to repay hedge funds that the country took out at bargain rates AT FULL PRICE. How is this fair? According to Section 1 Article 1 listed below this would indeed be slavery... and the conditions in the sweat shops where these people are indebted through rent costs and feeding themselves? Definitely slavery. The UN needs to outlaw slave labor, sweat shops, predatory loans, etc. IN ALL OF ITS ENTIRETY. Brazil should only pay back at the bargain rates and I agree with PRESIDENT CRISTINA FERNÁNDEZ DE KIRCHNER of Brazil in that this is indeed extortion. Why is she paying more than what she actually owes? Unfair and enslavement. This will happen to America at some point.[1] How is this not slavery? The Supplementary convention of the abolition of Slavery states in Section 1 Article 1 Article 1 Each of the States Parties to this Convention shall take all practicable and necessary legislative and other measures to bring about progressively and as soon as possible the complete abolition or abandonment of the following institutions and practices, where they still exist and whether or not they are covered by the definition of slavery contained in article 1 of the Slavery Convention signed at Geneva on 25 September 1926: (a) Debt bondage, that is to say, the status or condition arising from a pledge by a debtor of his personal services or of those of a person under his control as security for a debt, if the value of those services as reasonably assessed is not applied towards the liquidation of the debt or the length and nature of those services are not respectively limited and defined; (b) Serfdom, that is to say, the condition or status of a tenant who is by law, custom or agreement bound to live and labour on land belonging to another person and to render some determinate service to such other person, whether for reward or not, and is not free to change his status; (c) Any institution or practice whereby: (i) A woman, without the right to refuse, is promised or given in marriage on payment of a consideration in money or in kind to her parents, guardian, family or any other person or group; or (ii) The husband of a woman, his family, or his clan, has the right to transfer her to another person for value received or otherwise; or (iii) A woman on the death of her husband is liable to be inherited by another person; (d) Any institution or practice whereby a child or young person under the age of 18 years, is delivered by either or both of his natural parents or by his guardian to another person, whether for reward or not, with a view to the exploitation of the child or young person or of his labour.[2] 1. President of Brazil compares Hedge funds bought up at bargain rates by which the US supreme court has rejected that the Brazilian government pay the bargain rates... instead to pay in full refers to it as extortion democracynow.org/2014/6/19/argentina_alleges_extortion_after_supreme_court 2. Supplementary Convention on the Abolition of Slavery, the Slave Trade, and Institutions and Practices Similar to Slavery ohchr.org/EN/ProfessionalInterest/Pages/SupplementaryConventionAbolitionOfSlavery.aspx
Posted on: Wed, 25 Jun 2014 07:07:36 +0000
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