Owners of the prison system in America
OWNERS OF THE PRISON SYSTEM IN AMERICA
Profiteering off the prisoners / Prime stockholders in Correction Corp. of America / Funding Streams Exposed / Corporate Public Private Scheme Exploiting, Criminalizing Vulnerable People
From: Lynn Schmaltz
I had many opportunities to educate women on the monetary system of jail. The moment an order is written, whether it’s a warrant or a traffic ticket, or whatever, the money machine is activated. Every prisoner has a monetary value to our government whether its local, county, state or federal. Bonds are written based on the person’s name and social security number and are sold through a brokerage firm such as AG Edwards or Merrill Lynch who has the contract to sell all the prison bonds for the city, county, state or federal prisons. Over 50% of the money market bonds right now are purchased in Japan or China. I’ve been told by researchers that Walmart and, used to be, Kmart also purchase these bonds, Walmart mostly doing so by emptying out bank accounts at night. Both companies are fronts for enormous money machines.
The way the bond works is that a monetary value is placed on the alleged crime and then factored the way banks factor their money. In other words if a person is convicted of a felony the ‘value’ would be $4 million. The county/city/ state then multiplies it by ten, so the bond that goes out for sale with the prisoner’s name and social security number is a short-term ‘promissory’ note. It’s offered at $40 million. Perhaps an investor will offer 40% of the $40 million, or $16 million. Once this ‘promissory note’ of the face value of $40 million reaches the banks it is then multiplied again by 200 to 300% and sold as bank securities. For those of you who wonder why the US has more people in prison per capita than any other nation on earth, you’ll begin to understand how we can have a weakening economy and still fund wars overseas. It’s all based on prisoners….in other words, prison for profit.
Knowing all this and knowing that a prisoner can have a ‘net worth’ of say, $10,000 per day in the money markets, helped me explain to many bewildered women why they were in jail. We were only merchandise in a warehouse. The storage was pretty cheap; one woman while in jail researched the cost of feeding prisoners per day which ranged from 74 cents to $2.72 per prisoner per day.
OWNERS OF THE PRISON SYSTEM IN AMERICA
Profiteering off the prisoners / Prime stockholders in Correction Corp. of America / Funding Streams Exposed / Corporate Public Private Scheme Exploiting, Criminalizing Vulnerable People
Research and excerpts from LETTERS FROM JAIL
From: 20lynnsch [at] spinn [dot] net”>Lynn Schmaltz
I had many opportunities to educate women on the monetary system of jail. The moment an order is written, whether it’s a warrant or a traffic ticket, or whatever, the money machine is activated. Every prisoner has a monetary value to our government whether its local, county, state or federal. Bonds are written based on the person’s name and social security number and are sold through a brokerage firm such as AG Edwards or Merrill Lynch who has the contract to sell all the prison bonds for the city, county, state or federal prisons. Over 50% of the money market bonds right now are purchased in Japan or China. I’ve been told by researchers that Walmart and, used to be, Kmart also purchase these bonds, Walmart mostly doing so by emptying out bank accounts at night. Both companies are fronts for enormous money machines.
The way the bond works is that a monetary value is placed on the alleged crime and then factored the way banks factor their money. In other words if a person is convicted of a felony the “value” would be $4 million. The county/city/ state then multiplies it by ten, so the bond that goes out for sale with the prisoner’s name and social security number is a short-term “promissory” note. It’s offered at $40 million. Perhaps an investor will offer 40% of the $40 million, or $16 million. Once this “promissory note” of the face value of $40 million reaches the banks it is then multiplied again by 200 to 300% and sold as bank securities. For those of you who wonder why the US has more people in prison per capita than any other nation on earth, you’ll begin to understand how we can have a weakening economy and still fund wars overseas. It’ s all based on prisoners…. in other words, prison for profit.
Knowing all this and knowing that a prisoner can have a “net worth” of say, $10,000 per day in the money markets, helped me explain to many bewildered women why they were in jail. We were only merchandise in a warehouse. The storage was pretty cheap; one woman while in jail researched the cost of feeding prisoners per day which ranged from 74 cents to $2.72 per prisoner per day.
From: “Lynn Schmaltz” Sent: Friday, September 24,
2004 8:46 AM Subject: Re: Paine Webber
“OWNERS OF THE PRISON SYSTEM IN AMERICA”
*Owners of the Prison Systems in America* CORRECTION CORP OF AMERICA headquartered in Nashville, Tennessee owns all private prison systems in AMERICA and are selling the commercial paper. How it Works: A bid bond is done on Form 24, which comes out of the GSA Office (General Services Administration which is out of GAO (General Accounting Office} which is under the Comptroller General. This Blake Bond Bid Bond is promulgated at the time the social security card is issued. When you are arrested the bond is filled out and they issue a Performance Bond, which is done from Form 25, and then they do a Payment Bond, which is a Form 25A.
The Bonds are being underwritten by the Banks. This is where the PAINE WEBBER GROUP comes in. The Plaintiff in all criminal tax cases in the USA is the PAINE WEBBER GROUP as the UNITED STATES OF AMERICA. The PAINE WEBBER GROUP is a group of international businesses. The PAINE WEBBER GROUP is providing the Securities for the prisons and is selling the Bonds, and the Banks, The ABA (AMERICAN BANKING ASSOCIATION) like LEHMEN BROTHERS, in New York City, are the underwriters on the Bonds. The Banks
(the underwriters) is where the money is originally coming from.
A six digit tracking number is issued for the Certificate of Stocks in the Commodity and Security Exchange in the USA by CUSIP
(see
http://www.cusip.com/ and http://www.cjts.com/ the law enforcement tracking software) and a nine digit number (called Ordnance Number) is issued for the Certificate of Stocks going internationally to ANNA (Lynn’s note: see link for ANNA which is in Brussels, Belgium at www.cusip. com ). These Securities are sold through the Commodity and Security Exchange. The bottom line is they are selling stocks in the prison system. The jails are referred to as Warehouses and the prisoners are called Goods (oops, Lynn had it ‘wrong’…. she told the ladies in Bernalillo County Metropolitan Detention Center that we were in the Warehouse and we were the ‘Merchandise’ which explained the many flimsy reasons many of the ladies were in the prison….. it was just business, and just revenue). They are selling the Goods or the Account as Chattel, and as Commercial Paper on the Stock Exchange. Reminds one of the days when slaves were bought and sold on the auction block!
The PAINE WEBBER GROUP is the prime stockholder in this CCA (Correction CORP of America). (Lynn’s note: the transport company who transported her to Colorado in a van with 16 other prisoners being transported about had the words “Transport Corporation of America…. Nashville, Tennessee.” Transport rides are also called ‘diesel therapy’ by those who know about them.} However twenty of the largest companies such as WAL-MART; EXON; GENERAL MOTORS; FORD MOTORS; CHEVY; TEXICO; CITY CORP; IBM; EXPHILIP; HEWLETT PACKARD; VERIZON; UNITED POSTAL SERVICE (UPS); and etc. are also involved as well as other stock holding corporations (There are sixteen pages of the names of corporations that hold these stocks amounting to billions of [dollars].) Of course the monies generated is all off budget with no accounting to the People, even though the CORRECTION CORP OF AMERICA through the PAINE WEBBER GROUP is acting in the capacity of the UNITED STATES OF AMERICA.
AMERICAN LEGISLATIVE EXCHANGE COUNCIL: Promotes Privatization of the Prison System. Paul Weybrick
(may be miss spelled) runs what is called the FREE CONGRESS FOUNDATION, which owns the AMERICAN LEGISLATIVE EXCHANGE COUNCIL. THE REASON FOUNDATION and THE CORNELL COMPANY are involved as well.
The following are notes I wrote after Paul and I were released from Colorado on August 20, 2004. Right now there are many forms of jail in the US–actual jail, CCP ankle bracelet, transport jail, probation, parole……… they all generate income:
Paul and I were released on Friday on personal recognizance and allowed to go to New Mexico. We have a hearing in CO on Sept 13, 04. We got home Sat. night and have been doing catch up here at home today. I’ll write an update on Monday or Tuesday. I will especially have some words about the very heinous prison transport system in our country. For now suffice it to say that it took 20 hours in a prison van with 16 prisoners to get from Albuquerque to Hot Sulphur Springs, normally a 8 or 9 hour trip. All of us rode in hand cuffs and shackles the entire trip. There were 3 stops for McDonalds’ ‘food.’ No one but the officers got off the van unless they were being dropped off. No exercise at any point. No movement allowed but to use the porta potty on board. Cattle being transported across country are generally treated better. I talked with a man who’d been on transport from California to Colorado since July 8, 04. My transport date was August
11, 04. Someone in the Midwest told me he knew of a prisoner being transported for six months and occasionally dropped off in a county jail somewhere to await a different transport van. It’s my understanding that once you’re a prisoner in the system, the county/agency holding you is floating bond for $10,000 per day with your name and your bar code (Soc. sec. #) and these bonds are bundled periodically and sold through Merrill Lynch, AG Edwards, etc. for each state.
Prison for profit…….. it’s not just baloney and white bread. More later and thanks for keeping up your daily news. Paul was released from CCP
(ankle bracelet) in Albuquerque and allowed to drive up to Hot Sulphur where he spent another 3 days in jail (my time over the summer has been 5 days in May, 18 days in June-July, 15 days in August and on house arrest, bond from May 24 to June 25, and ankle bracelet from mid-July to August 5, 04). Thankfully, Paul with all his transplant medications, diabetes medications, was in from May 19-24, 04. The rest of the time he was on bond or ankle bracelet house arrest. I doubt he’d have survived a prolonged transport situation. The alleged crime? “Influencing a public office” and “filing a false document.” This is what they called our UCC1 financing statement sent when we informed public officials there would be a fee for using our copyrighted property (PAUL SCHMALTZ and PATRICIA SCHMALTZ), which they did anyway.
And, of course, there were no repercussions for those officials when they held a fraudulent, unpublished sale our home/business on the court house steps, etc. As you well know there is no remedy in the courts of any kind. They completely ignored our sovereign status with Little Shell Pembina and Apostille with the sovereignty filed by cancellatura.
Lynn Schmaltz