Would A Nationwide Refusal By The People To Pay Their Debts Bring Economic Relief To Those Most Worthy … ? ?
instead of the money vultures who have gone unmolested by the law.
As JFK’s father Joe bragged “the money did not simply disappear in 1929, it just ended up consolidated in fewer and fewer hands” as was planned.
A nationwide refusal to pay debts would cause the planned depression to collapse and bring the money vultures to their knees.
Such reaction would empower the people to also renegotiate existing loans at terms or conditions favorable to themselves ending the dirty tricks of big business and our government.
Forget repossessions the financial swindlers want money not our pledged assets. i.e. homes, cars, boats, planes, etc.
If banded together as said we could end the corporate force and fraud.
What do you think?
Sleeping Gpspy: It’d make the economic elite stop and think who really is in control.
Keith V: Collective action has become the order of the day.
tribeca: Keep those thoughts, They are good ones!
Ruth: A simple notice to creditors that the bill is unliquidated and disputed for the following reasons … prevents them from taking any action to injure your credit reputation until that matter is resolved by the courts which would be bogged down.
Ruth: A simple notice to creditors that the bill is unliquidated and disputed for the following reasons … prevents them from taking any action to injure your credit reputation until that matter is resolved by the courts which would be bogged down.
ritchwil: You seem to be squirming alittle.
ritchwilliams on Fri, 19th Feb 2010 3:44 pm
It is the refusal of some to pay their debts, under terms that couldn’t have been more favorable, that got us into this situation in the first place.
Still, you don’t want to pay your debts? Fine. We’ll take your car, house or boat if we must, but we’d prefer you honor your commitments and your word, you know? Keep your word? Act with honor? Is that such a foreign concept to folks like you?
Keith V on Fri, 19th Feb 2010 4:52 pm
That’s not how individualism works.
The first steps that have to be taken is to identify the types who parasite the system and make it worse ie obama. lol
Sleeping Gypsy on Fri, 19th Feb 2010 4:57 pm
No. Probably not, but it is a delicious thought isn’t it?
Dusty Sherman on Fri, 19th Feb 2010 8:30 pm
Maybe the people that took the loans out should have decided if they could pay the loans back or not before they signed anything. The person who took out the loan was being greedy in the first place.
Scott White DEFEATED The Poseurs on Fri, 19th Feb 2010 9:16 pm
No.
Did you study economics with bush & mccain?
ruth on Sat, 20th Feb 2010 12:02 am
You haven’t been to court to defend against a judgment, obviously. It’s really fun, but first the creditors sic their goons on you relentlessly.
That’s right, we get to keep paying if we want to keep our stuff and we get to pay taxes so the big guys can get bailed out. Isn’t it grand.
I’m afraid I am not willing to risk my law license for this pursuit. But good luck and let me know how it works out for you.
tribeca_belle on Sat, 20th Feb 2010 1:34 am
Our representatives are supposed to be representing our interests. It has been clear for a very long time that the banks and credit card industry have been ripping off consumers with usurious rates and draconian policies including outrageous fees. Individuals cannot address this situation but the government can.
Elizabeth Warren, a professor of law at Harvard, has been writing about this subject for a long time. The financial institutions are now digging their own graves through the lack of reform because beleaguered consumers are not going to be able to pay the increasingly large bills that they are receiving. Such bills are inflated because individuals who pay late are met with higher interest rates and late fees that they will never be able to pay off. Something has to be done and quickly.