ISRAEL aka "AIPAC" aka "ADL" aka "RUSSIANS JEWS MAFIA" aka "ALL THE CRAZY FUNKY CULTS FROM HELL" aka "THE SCIENTOLOGY" aka "THE MKULTRA" aka 101 aka 404 aka "THE CONTROL OF THE INTERNET" aka "CONTROLLER AND MANIPULATING THE WHITE HOUSE" aka "OSEH", "SKULL TO VOICE", "DEW"-"THE MOST LUNATIC CRAZY S.N OF A B..CH"- "ISRAEL"
Wonder who in the end get the benefits from all of that - Something telling me the Romans up to something and the letting Israel prepare to bring America down .
ALL AMERICANS CAN SAY WHAT THEY WANT BUT THE REALITY OF THE MATTER IS THAT DEBIT AND CREDIT RUN THE WORLD EVERYTHING IS BASED OFF IT EVEN BIG WORLD EVENTS NATURAL DISASTERS , WARS, COLLAPSES OF COUNTRIES EVERYTHING IS BASED ON IT EVEN AS SIMPLE AS A HAND SHAKE FROM SOME FOREIGN GOV'T OFFICAL????
SPIEGEL STORE JUST ROBBED ME!!!!!!!!!!!!!!!! THEY SAY THEY ARE IN BANKRUPTCY AND THEY AREN'T GIVING ME MY REFUND......I bought I item on January and I have calling them since late Feb. they continuing saying tomorrow I will refund you...... I have called them at lease 10 times and now they are saying they are in bankruptcy and they are not refunding or giving credit to no one.
Did the bank tell you the interest rate up front? Yes. Did you sign the papers anyway? Yes. The bank is not at fault here no matter what interest rate they charged. The borrower is to blame, 100% of the time.
@livewire242 Legally, you are correct. Morally, this practice is reprehensible and correctly considered legalized theft. Just because companies can legally use people's own circumstances or desperation against them, doesn't mean they should. This is called taking advantage of people, and it is always wrong.
In the past hour the keepers of the power in the modern democratic society had the following to say to the world.
"There's nothing more important to us than making sure we do whatever is necessary to respond to any concerns," 8 January, from an office in the United States
Thank you for pointing out your previous intention, your intention and your coming intention with the world, others. I could not have unmasked your criminal objectives so smoothly without your help.
I was told they own all the money anyway, so I have no choice to pay whatever they want.
Wells Fargo said I failed to read the 42 pages of micro fine print when I was approved for the loan at a 3.3% variable.
At this point, it appears I will never be out of debt to Wells Fargo unless I win the lottery, so I am a living slave to them with no choice of ever escaping.
If I don't pay, the guy at Wells Fargo said I would get my wages garnished and if I get laid off, I will go to jail for non-payment.
@GayWorldOrder Tell them to go fuck themselves....they're not going to do either garnish your wages or put you in jail. It's a political nightmare. I told my credit cards to go shit in their hat . I will never file for bankruptcy because I will not go into court
@GayWorldOrder because of your situtation and from watching this video this is why I hate credit cards. Credit card companies are the angels of satan.
I am 20k in debt with WellsFargo, making minimum monthly payments.
They are charging me 19.9% interest. Is that too much?
WellsFargo said they have to charge me the high interest rate because of the economic downturn that is not getting any better and have no choice to make it lower.
Do you feel I'm getting scammed by WellsFargo credit?
@GayWorldOrder Of course you are getting scammed bro, what do you think?? Do you think that the bank is going to crumble if they were to not charge you as well as many others outlandish interest rates? Even after they stole billion and billions from u, the taxpayer, so they could hand out million dollar bonuses to the top performing scam artists. The truth is that interest rate is huge, and should be illegal. They will change it on you whenever they feel like it. Can u say RIP-OFF
@GayWorldOrder Do you feel you would have been better off had WellsFargo refused to loan you any money?
After all, WellsFargo didn't force you to borrow the money, that was your choice. Maybe you were forced 'by circumstance' to borrow the money but that can hardly be blamed on WellsFargo and their lending terms, however unattractive, must have at the time seemed preferable to the alternative.
@elebaud give up on her she is so brainwashed I've sent her so many replies and she will NEVER answer the tough questions and when she does it's to tell me that Hitler was a Socialist and give Cuba as example of a socialist country.
Both Claimed to be socialist but aren't .She is totally IGNORANT& arrogant but won't learn.
I suggest she reads What's wrong with Kansas (for level 1) and Thom Hartman's books (level 2) then perhaps Chalmer Johnson's books (Blowback etc)
@elebaud We have state socialism; look it up on wiki.
Yes, corporate and state powers have merged. This is why I do not like government control; as I have stated.
Since you want a governing body to decide what private businesses can sell, you like state socialism.
As far as deregulation; what deregulation are you talking about. This country is the most over-regulated country in the world! If it really were deregulated, we wouldn't have the problems we now have.
@jjenson2006 " This country is the most over-regulated country in the world! If it really were deregulated, we wouldn't have the problems we now have."
THERE AGAIN PROOF of arrogant IGNORANCE. LEARN Or stop posting that crap. we live in a fascist state with less regulations than say Europe and most of them not enforced (Free market million of salmonella eggs)
Doesn't matter to U: U want to get more screwed. Feed me those eggs, that dirty water, polluted air! U are a DANGEROUS EXTREMIST.
@thecrispy41 "less regulations than say Europe and most of them not enforced"
You don't know what you are talking about!
"U are a DANGEROUS EXTREMIST. "
I believe in freedom in which anyone can do whatever they want as long as it doesn't hurt anyone directly or indirectly without their consent. You call me a "DANGEROUS EXTREMIST"?? You don't know what either of those words mean. An extremist is someone who believes in control (such as yourself). Extremists are dangerous!
join us in reality... interest rates are a function of Risk + Inflation. Companies are in business to make money not lose money. Why would a bank loan you money at 4% interest if you have a history of default on all of your loans? the only way to make up for the risk is to charge a high rate.
@joeatch2 I've live in the US for 31 years. I've know the times when banks were charging a reasonable rate on credit cards (actually NOT based on credit ratings but on NOTHING since they gave CC to infants and DOGS! I wonder who was being responsible with risk..)
But anyway those minimum rates are still found in basic cc agreements.
I forgot: something like "wall street journal business discount rate average + 6%" look at yours.
In the 90s those rates were 7-9%. roughly inflation + 2-3%
@thecrispy41 Listen Crispy41... If you pay off your credit card every month like I do, then it doesn't matter if the rate is 100%. You need to understand that if you go to Best Buy and get a flat screen TV for $3000 and then never pay the bill from your credit card then the credit card company cannot come and get the television. That is why the rates are high! You moron! Credit cards are for your discretion. If you don't like them use cash or move back to where ever you came from!
@joeatch2 I plan my payments according to the rate. If it's tripled overnight I can't pay.
Free market nuts like U will be happy when their 5% home loan suddenly goes up to 30% & the house go to the bank Oh but U like laws in this. U either a banker or a tea party-er- Those idiots were recruited by the ruling class to vote against their own interests. In France workers are on the street protesting plans to up retirement age to 62 Americans stayed home when it went to 67. American are ignorant.
And banks were making VERY healthy profits trust me.
Anyway, those minimum rates are still found in basic cc agreements; look at yours.
I forgot: something like "wall street journal business discount rate average + 6%";
Then after 2000, Banks got GREEDY and politicians became more and more their servants.
Huge fees started to become common based on the slightest breach of contract:. The old 25-day grace period for payments and some flexibility for delayed mail incidents disappeared. Late..
payment fees became frequent and even hospitalization was no longer enough to see them reversed.
In fact, to avoid them U have to send payment almost as soon as u receive the bill in the mail . Worse than that, banks have due dates that fall on Sundays BUT they are not open nor to they receive mail on that day (do they even process mail on Saturdays?). SO ur payment better be there on Friday. I disputed 1 such "late" payment and lost the battle. My current interest rate is 29.9%...
cont..My current interest rate is 29.9%. It went up from a "good customer's rate" of 7.9% in ONE STEP. All this while my payments were ontime and above the minimum every month, without ANY change in my credit score, amount of debt, number of credit cards, finacial or carreer situation or even marital or family status...In fact, all that info was reviewed only 3 months before when I applied for a reduction of finance charge from 9.9% to 7% and got 7.9%;. A Very good rate in 08.THEN, Cap one ...
...Capital one realized it was going bankrupt (as it deserved to) and arbitrarily did that to everyone who had only 1 or few CCards.
They told me over and over it was based on a change of my credit data but it was pure lie because in my RARE case nothing had changed.
NOTE that it allowed for many foreclosures because people got bankrupt trying to pay such scandalous rates! and Cap one also seized (Sorry STOLE) houses.
This is called rogue/disaster capitalism: illegal & immoral just as U are!
@thecrispy41 Get an education before proving your ignorance to the world. your credit card debt has nothing to do with your mortgage. in fact if you own a home and have a mortgage then it doesnt matter if you default on your credit cards. you get to keep your house and car. its called an un-secured debt. that is what your credit card is. if you dont pay it you get bad credit, thats it! if you dont pay your mortgage you lose your house that is called a secured loan. learn the law get smrt
@joeatch2 you are insulting others:calling me a a moron, "get an education"...
WHO ARE YOU - besides an immoral spokesperson for the greedy
or a millionnaire. if U dont believe in Usuary rate laws then you shouldn't even live in the US as they exist in many states and I am sure U are against them?
Taking a loan/using a CC is a choice. Ability to repay over a CHOSEN time-period is ruined by a tripling of int. rates. As far as mortgage connection, you didn't get it (lack of education/moronism
@thecrispy41 thats right if you choose to pay over your chosen period of time and they choose to raise the interest rate on you then i guess your next choice should be to choose to pay off the debt quickly!
@joeatch2 you are insulting others:calling me a a moron, "get an education"...
WHO ARE YOU - besides an immoral spokesperson for the greedy
or a millionnaire. if U dont believe in Usuary rate laws then you shouldn't even live in the US as they exist in many states and I am sure U are against them?
Taking a loan/using a CC is a choice. Ability to repay over a CHOSEN time-period is ruined by a tripling of int. rates. As far as mortgage connection, you didn't get it (lack of education/moronism
@thecrispy41 I believe there should be no such thing as usury rate laws to be honest with you. if someone is going to loan you their money and you agree to pay what ever rate they charge then shame on you! all the masters degrees on earth cant save you from yourself and stupid decisions you make. that's a fact. I'm so sick of you cry babies always wining about how everything is unfair! learn to read. dont sign anything you dont understand or agreewith. wow what a concept.
I didn't get the mortgage connection? there is no connection in your statement. that was my point. a credit card and a mortgage are 2 totally different things. not paying your mortgage loses you your house. not paying your credit card gets you bad credit. way different. so if you know that then why would you pay your credit cards before paying your mortgage? I'm afraid you don't get it. Also reading your posts I am confident that you have NO education as you cannot write.
@joeatch2 "a credit card and a mortgage are 2 totally different things. not paying your mortgage loses you your house. not paying your credit card gets you bad credit"
I think I figured this one out. Crispy bought his house using a CC!
@joeatch2 What can of Education do U have Miss arrogant (U sound like a young ignorant woman).
I have 2 masters degree and 2 post masters years , speak 3 languages .
BUT insulting people w regard to education is a low blow from ignorant arrogant people who think they know it all.
U may have an education but it certainly does not show. I hear only Glen Beck/Rush Limbaugh extreme right brain washing from your small brain. Read Thom Hartman, H Zinn..
@thecrispy41 getting educated has nothing to do with a masters degree. it has to do with knowing the laws of the land you choose to live in. it also has to do with you READING YOUR CONTRACT. It clearly states the terms of your rates and that they can be changed at any point in time at the LENDERS discretion. Also my mortgage rate wont just go up because a FIXED rate mortgage doesn't change. like i said get an education. maybe you should read more of the agreements you sign and less books.
@joeatch2 U'll never get it ; not a matter of education indeed! U are a stupid person brainwashed by glen Beck and alike. U need to educate yourself (I suggest Thom Hartmans'show and books on corporations, to learn how it USED tTO BE when America was prosperous).
I understand fixed rate mrtgages; I hve 1; U don't like LEGALLY fixed rates so u deserve fre market in housing like U ADVOCATE FOR C Cards! rates going to 30% with OUR house foreclosed on! DID U FINALLY GET IT?
@thecrispy41 Ah so your a sexist. I see how deep the ignorance runs. You obviously feel that women are inferior to you based on your comments. I am curious to know the fields of your masters level waste of money.
@joeatch2 U just sound like an ignorant girl (not a wise woman).
Perhaps it's tea party membership along with brainwashing but U have no good education or critical thinking for sure! on't know history!
Read Thom Hartman's book on Corporations perhaps U'll start to stop righting against people's interest and for the 2% wealthiest who usually don't even pay taxes or get tax subsidies (welfare for corporations see CTJ website)
You dYOU NEVER ANSWERED ON party or corporations U speak for...
as a kid i used to work in Wilmington Delaware,and i wondered why the hell there are so many bank office buildings and i mean allot of fuckin banks,ow i understand why,thanks
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dude its not illegal. its part of case law now since it was a precedence set by that case -.-. perhaps you may rephrase and say its not FAIR. legal and fair is very different mate.
Hmmm... so the "debt professor" says that when a bank and its customer can go into a loan agreement without government interference, that automatically equals "the bank stealing from the customer"? I'd be interested to see your definition of "stealing."
Actually if you want to really understand the law, the highest law (the U.S. Constitution) says the government cannot interfere with contracts. A loan agreement is a private contract. Pretty simple.
I think CC companies should be able to charge as much interest as they want to as long as it's in their contract. If you don't like the rate they charge, you find another CC company or you just don't charge things.
There is no law that states you must have a CC.
I don't like the government involving themselves with the credit market; they indirectly cause the rates tro rise.
@jjenson2006 There is a fundamental problem with what people want and how companies profit from people. People want 1% cash back or air miles but not lower interest rates and fees. for me interest is not a big deal because ill probably only ever be behind by accidentally missing a payment but late fees are ridiculus considering interest charges, it should be stopped so forgetful responsible people arent overly penalised
If you don't like the terms that the company has, go look for another company that has the terms you like. If everyone did this instead of moaning and groaning, the competition would drive interest rates and fees down.
Why do you want the government to control private institutions? If people made clear to the CC industry what they want in a CC company, there would be some changes in the industry, but a lot of peoplejust stay with their company even though they don't like their terms.
i dont want goverment to take over credit cards if they cant lend to banks properly how would they lend to the masses, what im saying is outlaw fees just have interest and lower credit score as a consequence. My point is people often don't think the right way, eg they always think the will pay they're credit card and shopaholics no consequences for spending on cards
Ronald Reagan launched the war against America and tried to destroy the middle class. He and his followers (Clinton as a good republican indeed) followed his policies & we're now bankrupt, with a shrinking middle class, 46 million poor Americans 1/6 on food stps: GREAT achievement from YOUR people!
Reagan also got us the largest income tax increase in history ALL on poor and middle inc. earners: a fact (listen to/read Thom Hartman to clean Ur brain from propagan
First of all, where did Reagan and Clinton become MY people? BTW, Clinton is a Democrat.
Secondly, I am Libertarian. I believe in free markets. When markets are free, they cannot be hijacked. If you put powers of government in charge (fight the free market), you put in place an authority that can be bribed by the wealthiest people in the world. More governemnt means more power to be bribed by the wealthy.
@jjenson2006 I know but we say Clinton was the best Republican "they" could get, selling out the country , continuing Reagan policies, as facts show he was to the right of Nixon! Libertarians are dreamers at best, anarchist at worse. IF they ruled we would go back to England in the times of Dickens. the wealthy would not need to bribe politicians they would apply all the power of money to oppress the rest of society to maximize their profits. Only top 1% of us should be libert and smart.
@jjenson2006 I had a nice housemate who was a libertarian (+ Very smart) so I know libertarians:TOTAL DREAMERS who think the neighborhood would fix the roads+ police the street, no need for zoning laws. For ex: why have laws/local regulations to settle disputes with neighbors( how far from my wall he can plant a tree: peace would work; force would never be used against the weak!
Tell me where this has ever happened except in communes? Just a dream! It would turn into a nightmare: anarchy
You are prejudice. You think that all Libertarians are the same.
First of all, your housemate is not Libertarian; (s)he is an anarchist. A Libertarian believes in police and military as long as they are ONLY used for defense purposes. Some people think police and military are socialism, but they're wrong. Freedom has to be protected; and that's what military and police are for. Fighting evil, foreign and domestic. They also believe in courts to protect private contracts.
@jjenson2006 Finally admitting what U are! and...under your DREAM - or rather NIGHTMARE - world we would see dictatorship of the wealthiests/most powerful who would bring terror at every corner.
We'd have Capitalism on steroids or rogue capitalism . Now we have disaster capitalism (Der Spiegel's famous cover 2 years ago isn't that enough sufferring?
Might as well have the French revolutionary terror or Bolsheviks!
read "Building a better America" Duke Univ study just publ & think about it
@jjenson2006 Hitler claimed to be a Socialist he was as close to be a .Socialist as Musolini.. or Staline. look at Sweden for an example of Social democracy I like and 92%of Americans would chose if they could have it Duke University Study that U must read. her is my mail address I'm tired of posting here chrisddd40@yahoo.com
@thecrispy41 " December 2008 Rasmussen poll found that when asked whether Americans supported a state-managed economy or a free-market economy, 70% preferred free-market capitalism, with 15% preferring a government-managed economy." - source Wiki
Respond to this video... no relationship between big govt and dictatorship and I don't know of ANY good example of Socialism except perhaps venezuela. don't scream! I know U don't get it AND I know Chavez is very tempted to become a dictator (understandable part of human nature) . Of course, US attempts to overthrow him will only drive him further in that direction .READ Blowback or at least several reviews of the book - after all the author forecast the 9/11 attacks 1 year ahead)
@thecrispy41 "As the government started to devaluate the currency in February 1983 in order to face its financial obligations, Venezuelans' real standard of living fell dramatically. A number of failed economic policies and increasing corruption in government led to rising poverty and crime, worsening social indicators, and increased political instability.[21] Corruption remains a problem; Venezuela was ranked near the bottom of countries in the Corruptions Perceptions Index in 2009.[22]" - Wiki
@jjenson2006 Yes sure the power of individuals over large bank.. dream on! Also, I just checked a few sites to find the best credit cards. Their used to be many small banks offering good rates. NOW I only found 1 but actually is owned buy a large 1. This is no competition.
We have a oligopoly just like airline companies which is why rates are going up why they have NOT removed surcharges (+ 1 baggage under 50lbs) imposed with oil at $150/barrel Its now $72. WAKE UP GOVERNMENT MUST legislate
@thecrispy41 I see plenty of credit cards out there; I don't know where you are looking. If you don't like their terms don't get a CC or maybe start your own CC business with your terms.
The airline fees are not in direct proportion to oil prices. When oil prices were higher, fewer people were taking planes; so the airlines removed flights. In fact, the high oil prices are from GOVERNMENT intervention. Government is legislating; that is the problem! It's sad you can't figure this out yet.
@jjenson2006 "the high oil prices are from GOVERNMENT intervention. Government is legislating; that is the problem! " total baloney! We NEED MORE Govt legislation. Oil companies have been gauging us since at least 1996. We now pay about $1 over what we should pay. Pt Carter had guts to launch an investigation proving price fixing & rigging & forcing a refund. A new 1 is overdue: w $1 Trillion was stolen from OUR pocket.
The difference between us: U like to be screwed and I don't U are tea-party
@thecrispy41 Why do you automatically believe that the government are the good guys or that they don't have any profit motive? Let's say a regulator who gets paid $150k/yr is in his office and three men in black suits from company X walk in with a briefcase of $1M cash. They hand the regulator the gift. Do you think the regulator is loyal enough that he will reject the money and take action against them, which might not be good to his health?
I think it's JUST the opposite U know little, U are VERY arrogant U called me uneducated, ignorant and stupid. U think Hitler was a socialist and just that tells me U know NOTHING about Socialism (most Americans don't: they think it's like Communism...)
See Americans when polled carefully want to have a Swedish-style country with huge government and SOCIAL care. Google "Building a better America Duke University" ENLIGHTENING! with free & fair elections w'd have it to morrow
"U think Hitler was a socialist and just that tells me U know NOTHING about Socialism "
"Adolf Hitler (German pronunciation: [ˈadɔlf ˈhɪtlɐ]; 20 April 1889 – 30 April 1945) was an Austrian-born German politician and the leader of the National Socialist German Workers Party" - source Wiki
" with free & fair elections w'd have it to morrow"
@jjenson2006 Instead of constantly insulting people (prof of ignorance) why don't u answer questions instead of avoiding them -as any reader can see -. WELL IT"S BECAUSE YOU CAN'T . can't have an intelligent conversation with ignorant gals like U Especially when they claim to know better BUT are NOT interested in reading.
Also, often U don't even read the post unless U can't understand of course...
Im tired of was ting my time w U . OTHERS WILL JUDGE!
I can see you hate woman; you are a sexist. You refer to me as a woman because you think "woman" is a bad word. You and your gay anarchist roommate need to get real.
@jjenson2006 send me a link on "plenty of CCs out there" I looked at several sites.
on airline: U didn't read my post or are a spokesman 4 large corporations (Ie: u are aTea party guy! thinking + voting against his own interest to help only the top 2% wealthiest who usually pay 0 taxes
Watch the recent interview of a tea party guy who got over $720K in farm subsidy? He couldn't find a word to say: HYPOCRITES, IGNORANT and fascist
@thecrispy41 "send me a link on "plenty of CCs out there" I looked at several sites."
There are plenty of them; do your own research. If you don't like the terms that any of them offer, then don't get a CC.
I wanted a computer desk that would fit nicely in the corner next to my book shelf. I couldn't find anything. Should I get the government to make them make a desk the way I want it? I went ahead and made my own.
Stop complaining; your preferences are not the law.
@jjenson2006 stupid comparison and the challenge remains open I DID LOOK and we have a small oligopoly - with 1 bank offering 10 versions of it's card - and about 5 banks total on sites I went to, that's it
"a tea party guy who got over $720K in farm subsidy"
If the government offered to give me a subsidy, I would take it. That doesn't mean I approve of subsidies. Subsidies are like a car driving around and throwing our tax dollars out the window for anyone to grab. If I see tax dollars falling out the window of a car, you bet your sweet ass I will grab for everything I can. I however, would vote against sudsidies until they are no more.
@thecrispy41 I might be from your redefined meaning of those two words; but not from their real meanings. After all, you think libertarians are anarchists and capitalists are fascists. You have absolutely no understanding of how the world works. You spit in the face of freedom and want the whole world to work the way you want it to. It is good that no one like you rose to power because you are a dictator. But you're just a nobody who wants piti from your own ignorance.
Move to Cuba. There you'll find out what socialism is all about.
In fact, Cuba's economy got so bad from socialism that they are now turning to the free market to save them. There are many articles out there discussing this.
@jjenson2006 Cuba is not a TRUE socialist country. And Hitler was as close to socialism as Musolini or Stalin.U have NO idea of what Socialism is or interest in learning.
Look U are so ignorant and calling me- I quote "moron, stupid, uneducated, a dictator, a nobody who wants piti from your own ignorance. .."
Well i've had it with gals like U who CAN'T Have an INTELLIGENT dialog cause they are so ignorant + full of it + can't even read the post before answering while claiming to "KNOW it all"
@thecrispy41 If you want socialism so much, why don't you get all your friends together and form your own socialist community. You put everyones money in one big bank account and give them all access. You can then all work together in happiness! Just don't push your socialism on the rest of us! Let us know how it works out.
@jjenson2006 Ah I see! a Libertarian who wants to censor those who push their ideas or views HYPOCRITE dictator yourself!
As far as hating women or my Gay housemate Is it worth commenting?
Gal like U insult people or change the subject because they have NO intelligent answers. Thank God libertarian views are shared by 0.1% of Americans and Socialist views - as in Swedish socialism, you know zilt about - by 92 % of us (as Duke Univ study shows" Buiding a better.. )Read it ignorant lesbian
Abolish the Unconstitutional Federal Reserve, remove their paid politicians from office, outlaw lobbyists, reinstate the US Constitution, reinstate the gold standard, and put the power of the US Treasury back in the hands of Congress where they can be held accountable for their actions by the people. The Federal Reserve Act has resulted in the conversion of America from its original state as a Constitutional Republic to a Corporate Oligarchy of thieves robbing America into oblivion.
Because the international bankers have successfully used their unlimited capital to infiltrate and subvert the economic systems of the world. The origin of the Fed provides a perfect example of how it is done. You should research how the Fed came to be.
@hardtechnoboy what cash? legal tender? that is a debt instrument also...u cant pay off any debts with out gold or silver Article 1 sec/ 10 of the constitution.
thats another debt instrument, point is u cannot lawfully pay any debts off, article 1 sec 10 of the US constitution, states only gold or silver can be used as money. Anything else is an IOU check,credit card, money order. Ur best bet is to not accumilate any more bills and start studying UCC so u are aware of what ur are signing at all times. U can discharge ur debt by filing UCC-1 and ur creditors will have access to ur treasury acct. that is worth millions. Accept it for value and write itoff
the current economic system is doomed to fail because it depends on constant growth and there are only so many natural resources to go round,that and the fact that banks are creating money out of nothing...inflation has dropped the value of the dollar by some 98% and we are just getting started....and its just a matter of time before the feds approve another massive bailout.i am using the barter method these days ,my income is down about 80% but for some strange reason i own more than ever.
well its not illegal if it has been found to be constitutional. you can disagree with the opinion of the court an try to find evidence that it should be overturned, but it isn't by definition illegal due to the supremacy clause.
equivalent would be ending slavery up until a few years ago states still "allowed" it, but the fed said it wasn't constitutional so they couldn't do it.
Don't get me wrong I think interest rates can suck, but his argument doesn't make any sense whatsoever.
Each state has their own laws pertaining to interest rates and what the maximum rate that can be set is. Some states have no maximum interest rate and that is where all the credit card companies have moved. We need a national usury law to protect citizens from these usurists!
Credit cards are unilateral contracts and are unenforceable. before they take you to court they sell your account to a third party debt collector. The CC company also collects on the insured account plus gets paid by the third party collector. You have no contract with the third party debt collector so when they start with the nasty letters, write 'em back with a "conditional acceptance" stating that you'll gladly pay if they can show you a contract between you and them. They can't. You win.
@AceOfHeart2012 I've heard about stuff like that but would LOVE to see a single case reference. Let me know if u have one.
I talk to an attorney who was fighting a foreclosure case where the bank could not show a mortgage contract and the case was far from won in spite of rumors of cases like that I lost touch w him since
WAKE UP! it all starts with the federal reserve. it is a central banking system, the same kind of bank that was a large reason we fought the revolutionary war to escape. we r being stolen from & instead of demanding harsh prison sentences for these pirates or rising up against these corporations (with protests or even physical violence) we sit there and take it in the ass & try to do things like "reform". reform will never work as soon as u close one loophole they find another one to sneak thru
It's over with and they know ppl. They did it to Symeria, Babylon, Egypt, Rome, Europe and now the Americas. Get ready to be thrown back into the stone age or enslaved by a one world communist eugenics loving bloodline. How ever it plays out.
I went earlier today to buy a new TV. It was $669.99 on sale... but when I offered CASH.. the guy said, "Hey is that CASH?"
Since you have CASH... I can recalculate the BEP over the CFP and let me see... ah.. here it is... you can have the set for $50.00! SOLD! Gee... chabs20
THANKS FOR THE HOT TIP! I'm going to send you a C-Note for your help!
This must be what I experienced with my first auto loan. I followed the precise amortization schedule making the minimum payments on time every month for three straight years. Then I called them to check and they said my balance was way higher than it should have been. They said my payments were barely covering the interest charges but they wouldn't explain why so, I told them to go to hell and I let them have my car. That was the first and last time I ever used credit. Never again.
I use my credit card bank's money every month. I pay them nothing...PLUS... I get cash back/points for merchandise on my card. I am their worst nightmare. It costs them money to keep me. The only benefit for my credit card bank is the 3%+ they take from the businesses that I buy from.
Banks like you for a customer? No. Are you their worst nightmare? No.
You 'borrow' say, 100.00 to make a credit card purchase. THEY pay for your stuff with THEIR money. YOU pay in FULL so they get it back each 25-30 days. They take a 3% cut of every purchase you make. This cycle repeats every month. Good for you, BETTER for them.
A 3% net return on their monthly investment in you, X 12 months = 36% apr.
I have no interest in screwing my bank, just using them to my benefit. True, they gross 3% on my purchases, but I also make cash back & merchandise points. For me to PAY CASH I would have the added expense, hassle, and liability of carrying cash and checks. There are also issues with the amounts and frequency of my purchases. Since I spend upwards to $50K per year on my cards, it is not practical for me to pay cash... but good point.
Bourne U R a fool, you always pay less by paying cash. Cash has barganing power. credit cards do not. You get a few miles and brownie points. You are actually losing an average of 10% you would have saved not using your credit card. You are fooling yourself if you think you are scamming the banks. You are only scamming yourself.
Gee... the only word that comes to mind after reading your post is BULLSHIT... Please explain to me how getting paid to use someone elses cash to make my purchases LOSES me 10%? It is gaining me 10%. You obviously didn't read my previous posts properly. And cash only has bargaining power for "cash" deals if you know what I mean. Also, I am not "scamming" anyone. I am not allowing myself to be scammed and earning a risidual to boot. You are 100% completely mistaken.
Bullshit is what you have for brain because you are 100% wrong. Ask Dave Ramsey ask any financial gurus out there. Ask the researchers who concluded that if you pay cash you save 10-25%. Who supports your belief, no one, because it's only in your mind. Go ahead pay more and get your crappy airlines miles thinking you are soooo scamming the credit cards. Eventually the banksters will get you.
You are totally full of it. No one is going to give you a discount of 10% to 15% at..say.. Best Buy for paying cash. Also, you are wrong about Dave Ramsey because he promotes exactly what I am saying. DYOR because you embarrass yourself. Who supports my belief? Everyone who has the smarts to use credit cards as I do. Also, I don't pay more, I make money from them. I invest my money, use the bank's money, get cash back percentage, and then pay a discounted rate. YOU ARE A FINANCIAL IDIOT.
Smarts? The money you use to pay off your debts only comes from deposits created by other idiots using credit. So every time you spend on credit, you're electing to accept the debts of others. All the debt created from the use of credit is never destroyed, it just snowballs around the economy creating inflation. Thanks to this inflation, the value of my money is constantly dropping, which threatens the future welfare of my whole family. Tell my why I shouldn't just put a bullet in your head.
You are close to getting it..which proves that a little knowledge is a dangerous thing. Try this...The creation of money through credit disappears once the initial principle has been paid in full, which in my case is a cycle of about 20 days and therefore 0 inflation... BUT.. I gain 100 basis points (from the bank) every cycle PLUS what I earn during that cycle on the banks money in my brokerage. Now because you can't figure it out you want to put a bullet in my head? What a broke douche bag.
The damage is already done by the time the principle is paid. But there's always more debt than money. You or some other schlep has to borrow again to pay off your interest charges and that's where it leads to continuous inflation. Your mistake is assuming that you own anything at all when everything you have is paid for with bunk money. If the bunk's money is in your brokerage, then your brokerage belongs to the bunk. And when the bunk's money becomes worthless, you'll become worthless.
1. The overall money supply that was expanded by debt principle is decreased by the exact amount of principle when it is repaid.
2. I don't have interest charges.
3. Inflation is caused mostly by our own government borrowing money at interest (look up national debt, the Federal Reserve, and fractionalized banking practices).
4. The value of anything is percieved.
Do some research, study, think, and THEN speak. That's good advice for you.
You just answered your own question. Best Buy aka Worst Buy is a RETAILER they are 10+ % higher. Go ahead a get your 1% rebate and pay 10% more, SUCKER! Why does Costco not use VISA or MC? and only have special agreement with AX. Who's the Financial Idiot now? You are also hard of hearing to because Dave Ramsey tells you to use Debit, and cut up credit. Did you not see the scene where they were cutting up credit cards with a chain saw. Go ahead and use CC if that makes you feel like a Wiener.
You again? Okay..Here are the answers to your questions:
1. I don't shop at Best Buy.
2. Costco doesn't use VISA or MC because they don't want to pay the 3%. (That was tough to figure out.) DUH!
3. You.
As far as Dave Ramsey goes, listen further. You can use your CC if you pay off your balance on time every cycle. If I use debit, I lose the 100 basis points and I lose profits made on investments with bank money during my billing cycle. I am not going to give up that money.
Can you really be as dumb as you sound. You again disapprove you own argument. You said yourself, Costco does not wan to pay 3% so you also ain't getting nothing back from them, and by the way they sell at a discount. Ha ha. Sorry, I give up with you, you are hopeless.
How much do you charge to haunt a house? Can I get a discount if I pay in cash? Only kidding... I would actually pay you in full and give you a tip to boot... and I can do that because I have extra cash from managing my finances properly.
Seriously, for some reason, you display a profound lack of financial acumen Let's see...you are about 12 and your mommy let's you use her laptop? Right? Or maybe you are lonely and disturbed and need attention. You couldn't possibly be this stupid.
I am a merchandiser that arranges container shipments from China, including laptops. I calculate BEP.I can sell you a laptop for 1 penny and still make 100 pure profit on it. How? you ask, you would not have a clue. I am also a CFP from prev. prof. I KNOW, what I am talking about..so now go cry to your mama and laugh at me like the ignorant American that you are. You are a waste of brain.
1. If your BEP is 0 (which is indicated by you making 100% on a single penny sale) then you are an accomplished liar, cheat, and thief because even if you got the merchandise for nothing, your time was still involved and time is money.
2. I already knew you to be a CFP from your postings. (Certified Financial Pinhead)
And finally, you're right... I having been wasting my brain... communicating with you! LOL...
I use a debit card and my bank gives me 10 cents every time I use it. Therefore paying with cash instead of my debit card would cost me 10 cents a transaction. All that being said, using cash would be a dumb thing to do for me.
Wow! 10 cents a transaction. What are you gonna do with all that cash? Since you got them banks totally out smarted can you share the secret with the rest of us Financial Idiots. How about I give you 10c for every buck you give me? Think about it. You could be making some serious dimes in a new york minute.
You'd be amazed at how fast 10 cents a transaction adds up; even if it didn't add up fast it's still better than getting nothing. So I basically get a 10 cents discount everytime I buy something. I guess you'd rather get nothing and carry cash on you to buy everything....sounds pretty dumb to me.
I really don't understand your logic. If I walk into Burger King and buy a salad, it'll cost me $4.59. When I make the purchase or any other puchase my bank gives me 10 cents so actually I'm paying $4.49, not to mention the interest I get for having money in my checking account. You walk in the same Burger King and pay $4.59 in cash, period....so how does paying cash benefit you? Burger King or any other store doesn't give discounts for paying in cash so please explain your logic to me.
BK may not be the best example but my neighbor and I recently purchased same sets of Yokohama tires. He paid 500 I paid 250 and they threw in a free alignment. I know this is extreme situation but it makes sense if you think that Brian's tires had to be purchased with credit or debit and hence accounted as retail sale. My set was not hot or used, only part inventory that the guy could get rid of at any price and still make 100% profit because this batch of tires already reached BEP.
people need to stop complaining about credit card debt and all that crap. Obama didn't need to make a law restricting credit card companies. If anything he screwed those of us who actually use them responsibly.
Credit card companies tell you what your interest rates and 'surprise fees' are going to be when you sign up. It's the signer's fault for bringing these rates and fees upon his head, hot the creditors. If you use a card properly, and pay it off withing the time limits, you accrue no debt.
This isn't a loophole at all. This is a case of one man screwing over all Americans because he was a selfish bastard who didn't bother to take out a loan in his own state. Why did he have to go to Omaha just for a loan? Why not go to Iowa? Why is he complaining about his interest when it would have been explicitly stated in his loan papers?
Besides, it's not illegal interest...it's all legit because credit card companies tell you beforehand of interest and credit risks...*continued above*
People don't realize...you don't work to pay off debt...you work to RECIEVE DEBT! If you have a large public bank account...you are just a large debtor...not realizing that the only credit in this country that exists comes from US when we SIGN AS AUTHORIZED REPRESENTATIVES FOR OUR CORPORATE STRAWMAN EVERYDAY!
Money only comes into existence through signatures...if you don't believe...sTOP SIGNING YOUR CHECKS...they are a "loan" just as much as a "home loan"..or "debt" same as "home debt"
stop identifying yourseld as the debtor...recognize that YOU are the creditor that extends credit to the bank through your signature so the bank can turn around and "loan notes" to you
"They are preempted by federal law, the National Bank Act of 1864."
Then you say
"Federal loan credit card interest is not illegal unless it is illegal in the home state where the national bank has its charter."
Which is the lie?
The first. No federal law can override a state's law. Period. Read your Constitution. The only exception is Interstate Commerce which must comply with existing state's laws.
Usury. It should never have been allowed. Fed = Evil
Fred sounds like a moron. The Professor too.
patbarkley 1 month ago
Every credit card bill I ever seen has like 30 - 40% interest on it.
Had like 200,000 in bills for "loans".
My solution? I stopped paying them, I scared off all the lawyers and they stopped trying to bill me.
Its all fraud... they never even lent you anything of value.
Dre4dwolf 4 months ago
This has been flagged as spam show
ISRAEL aka "AIPAC" aka "ADL" aka "RUSSIANS JEWS MAFIA" aka "ALL THE CRAZY FUNKY CULTS FROM HELL" aka "THE SCIENTOLOGY" aka "THE MKULTRA" aka 101 aka 404 aka "THE CONTROL OF THE INTERNET" aka "CONTROLLER AND MANIPULATING THE WHITE HOUSE" aka "OSEH", "SKULL TO VOICE", "DEW"-"THE MOST LUNATIC CRAZY S.N OF A B..CH"- "ISRAEL"
Wonder who in the end get the benefits from all of that - Something telling me the Romans up to something and the letting Israel prepare to bring America down .
SuperBingo21 6 months ago
IT VIRTUALLY HAS NOTHING TO DO WITH US IT'S ALL BY DESIGN TO CONTROL THE WORLD!!!
Gmoneyluv4u 7 months ago
ALL AMERICANS CAN SAY WHAT THEY WANT BUT THE REALITY OF THE MATTER IS THAT DEBIT AND CREDIT RUN THE WORLD EVERYTHING IS BASED OFF IT EVEN BIG WORLD EVENTS NATURAL DISASTERS , WARS, COLLAPSES OF COUNTRIES EVERYTHING IS BASED ON IT EVEN AS SIMPLE AS A HAND SHAKE FROM SOME FOREIGN GOV'T OFFICAL????
Gmoneyluv4u 7 months ago
SPIEGEL STORE JUST ROBBED ME!!!!!!!!!!!!!!!! THEY SAY THEY ARE IN BANKRUPTCY AND THEY AREN'T GIVING ME MY REFUND......I bought I item on January and I have calling them since late Feb. they continuing saying tomorrow I will refund you...... I have called them at lease 10 times and now they are saying they are in bankruptcy and they are not refunding or giving credit to no one.
nieve53 7 months ago
SPIEGEL STORE JUST TOLD ME ...I WILL NOT GET MY MONEY BACK ( REFUND) BECAUSE THEY ARE IN BANKRUPTCY. THEY DIDN'T MENTIONED LAST ON JANUARY2011
nieve53 7 months ago
Fuck Credit Cards
zimm1986 8 months ago
Love the video work nice keep them coming! When you have time come visit my channel!
850Nexus 9 months ago
I've never had a credit card, and hopefully I can restrain myself from getting one if I ever feel as if I want one. They're robbery.
TheAqui1a 10 months ago
So the title of this video is a lie. The interest rates are NOT illegal.
RetSquid 1 year ago
LET ME CHARGE YOU MONEY TO TELL YOU ABOUT HOW OTHER PEOPLE CHARGE YOU MONEY!
sterfry1988 1 year ago 2
Did the bank tell you the interest rate up front? Yes. Did you sign the papers anyway? Yes. The bank is not at fault here no matter what interest rate they charged. The borrower is to blame, 100% of the time.
livewire242 1 year ago 2
@livewire242 Legally, you are correct. Morally, this practice is reprehensible and correctly considered legalized theft. Just because companies can legally use people's own circumstances or desperation against them, doesn't mean they should. This is called taking advantage of people, and it is always wrong.
kimberHD45 1 year ago
In the past hour the keepers of the power in the modern democratic society had the following to say to the world.
"There's nothing more important to us than making sure we do whatever is necessary to respond to any concerns," 8 January, from an office in the United States
Thank you for pointing out your previous intention, your intention and your coming intention with the world, others. I could not have unmasked your criminal objectives so smoothly without your help.
ImperatorKuzco 1 year ago
over 25% of the HOMELESS are VETERANS, Soldiers get a Super High Dose of HEXAFLUORSILICIC ACID falsely labled SODIUM FLUORIDE
Problems blamed on Agent Orange was really a High Dose of H=ACID, Gulf War Syndrome H=ACID
HITLER added High Dose to Water at CAMPS People like WALKING DEAD see book "FLUORIDE THE DEVILS POISON"
their adding it to Water, Food, Soft Drinks wwwFluorideActionnet
REX-84 the Soldiers they send will be DRUGGED with H-ACID
This ACID is Destroying the HUMAN MIND & BOD
deadadelta 1 year ago
This has been flagged as spam show
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serrtucheserrtuche 1 year ago
Check out the song Making Money-Consensus...it tells the story of money in 4 minutes. If u like it spread the word
Peace
ajhumour 1 year ago
what about raising interest rates without notice to the borrower? Is that legal?
trier4952 1 year ago
Unless you pay your debt and tell the banks to fuck off!
mjpitche 1 year ago
I was told they own all the money anyway, so I have no choice to pay whatever they want.
Wells Fargo said I failed to read the 42 pages of micro fine print when I was approved for the loan at a 3.3% variable.
At this point, it appears I will never be out of debt to Wells Fargo unless I win the lottery, so I am a living slave to them with no choice of ever escaping.
If I don't pay, the guy at Wells Fargo said I would get my wages garnished and if I get laid off, I will go to jail for non-payment.
GayWorldOrder 1 year ago
@GayWorldOrder Tell them to go fuck themselves....they're not going to do either garnish your wages or put you in jail. It's a political nightmare. I told my credit cards to go shit in their hat . I will never file for bankruptcy because I will not go into court
mlmr11 1 year ago
@mlmr11 like that comment. Credit Cards are evil.
BlackNMedBlaze 1 year ago
@GayWorldOrder because of your situtation and from watching this video this is why I hate credit cards. Credit card companies are the angels of satan.
BlackNMedBlaze 1 year ago
I am 20k in debt with WellsFargo, making minimum monthly payments.
They are charging me 19.9% interest. Is that too much?
WellsFargo said they have to charge me the high interest rate because of the economic downturn that is not getting any better and have no choice to make it lower.
Do you feel I'm getting scammed by WellsFargo credit?
GayWorldOrder 1 year ago
@GayWorldOrder Of course you are getting scammed bro, what do you think?? Do you think that the bank is going to crumble if they were to not charge you as well as many others outlandish interest rates? Even after they stole billion and billions from u, the taxpayer, so they could hand out million dollar bonuses to the top performing scam artists. The truth is that interest rate is huge, and should be illegal. They will change it on you whenever they feel like it. Can u say RIP-OFF
lamiac2411 1 year ago
@GayWorldOrder Do you feel you would have been better off had WellsFargo refused to loan you any money?
After all, WellsFargo didn't force you to borrow the money, that was your choice. Maybe you were forced 'by circumstance' to borrow the money but that can hardly be blamed on WellsFargo and their lending terms, however unattractive, must have at the time seemed preferable to the alternative.
studentofsmith 1 year ago
@GayWorldOrder Is bankruptcy an option? If it becomes impossible to meet your debt obligations, bankruptcy is like a reset button.
notMensa 1 year ago
Hey! Go to Citizens Agianst Coporate Greed and sign the petition for the Department of Justice to investigate the Chamber of commerce
MrMrhead420 1 year ago
@elebaud give up on her she is so brainwashed I've sent her so many replies and she will NEVER answer the tough questions and when she does it's to tell me that Hitler was a Socialist and give Cuba as example of a socialist country.
Both Claimed to be socialist but aren't .She is totally IGNORANT& arrogant but won't learn.
I suggest she reads What's wrong with Kansas (for level 1) and Thom Hartman's books (level 2) then perhaps Chalmer Johnson's books (Blowback etc)
thecrispy41 1 year ago
@elebaud We have state socialism; look it up on wiki.
Yes, corporate and state powers have merged. This is why I do not like government control; as I have stated.
Since you want a governing body to decide what private businesses can sell, you like state socialism.
As far as deregulation; what deregulation are you talking about. This country is the most over-regulated country in the world! If it really were deregulated, we wouldn't have the problems we now have.
jjenson2006 1 year ago
@jjenson2006 " This country is the most over-regulated country in the world! If it really were deregulated, we wouldn't have the problems we now have."
THERE AGAIN PROOF of arrogant IGNORANCE. LEARN Or stop posting that crap. we live in a fascist state with less regulations than say Europe and most of them not enforced (Free market million of salmonella eggs)
Doesn't matter to U: U want to get more screwed. Feed me those eggs, that dirty water, polluted air! U are a DANGEROUS EXTREMIST.
thecrispy41 1 year ago
@thecrispy41 "less regulations than say Europe and most of them not enforced"
You don't know what you are talking about!
"U are a DANGEROUS EXTREMIST. "
I believe in freedom in which anyone can do whatever they want as long as it doesn't hurt anyone directly or indirectly without their consent. You call me a "DANGEROUS EXTREMIST"?? You don't know what either of those words mean. An extremist is someone who believes in control (such as yourself). Extremists are dangerous!
jjenson2006 1 year ago
@elebaud You sound suspiciously like a socialist!
jjenson2006 1 year ago
The Banks own you.
darthspeaks 1 year ago
all interest is wrong
imreadyyo26 1 year ago
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Steventk26 1 year ago
Price fixing doesn't work. Let the market work. Don't go in debt for $500.
BATCH420 1 year ago
This has been flagged as spam show
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Blasphem3rBrothers 1 year ago
join us in reality... interest rates are a function of Risk + Inflation. Companies are in business to make money not lose money. Why would a bank loan you money at 4% interest if you have a history of default on all of your loans? the only way to make up for the risk is to charge a high rate.
joeatch2 1 year ago
@joeatch2 I've live in the US for 31 years. I've know the times when banks were charging a reasonable rate on credit cards (actually NOT based on credit ratings but on NOTHING since they gave CC to infants and DOGS! I wonder who was being responsible with risk..)
But anyway those minimum rates are still found in basic cc agreements.
I forgot: something like "wall street journal business discount rate average + 6%" look at yours.
In the 90s those rates were 7-9%. roughly inflation + 2-3%
thecrispy41 1 year ago
@thecrispy41 Listen Crispy41... If you pay off your credit card every month like I do, then it doesn't matter if the rate is 100%. You need to understand that if you go to Best Buy and get a flat screen TV for $3000 and then never pay the bill from your credit card then the credit card company cannot come and get the television. That is why the rates are high! You moron! Credit cards are for your discretion. If you don't like them use cash or move back to where ever you came from!
joeatch2 1 year ago
@joeatch2
thecrispy41 1 year ago
@joeatch2 I plan my payments according to the rate. If it's tripled overnight I can't pay.
Free market nuts like U will be happy when their 5% home loan suddenly goes up to 30% & the house go to the bank Oh but U like laws in this. U either a banker or a tea party-er- Those idiots were recruited by the ruling class to vote against their own interests. In France workers are on the street protesting plans to up retirement age to 62 Americans stayed home when it went to 67. American are ignorant.
thecrispy41 1 year ago
And banks were making VERY healthy profits trust me.
Anyway, those minimum rates are still found in basic cc agreements; look at yours.
I forgot: something like "wall street journal business discount rate average + 6%";
Then after 2000, Banks got GREEDY and politicians became more and more their servants.
Huge fees started to become common based on the slightest breach of contract:. The old 25-day grace period for payments and some flexibility for delayed mail incidents disappeared. Late..
thecrispy41 1 year ago
payment fees became frequent and even hospitalization was no longer enough to see them reversed.
In fact, to avoid them U have to send payment almost as soon as u receive the bill in the mail . Worse than that, banks have due dates that fall on Sundays BUT they are not open nor to they receive mail on that day (do they even process mail on Saturdays?). SO ur payment better be there on Friday. I disputed 1 such "late" payment and lost the battle. My current interest rate is 29.9%...
thecrispy41 1 year ago
@thecrispy41 Its called being responsible! Send in your money on time.
joeatch2 1 year ago
@joeatch2 U've never been late on a payment or hospitalized?
Well wait it will happen to self righteous ignorant people like U.
A $3.00 penalty with 1 waiver/yera USED to be the rule BEFORE GREEDY People ruled and U fall for it?
COME ON ADMIT IT U ARE A SPOKESPERSON FOR THE BANKING INDUSTRY
thecrispy41 1 year ago
wow
joeatch2 1 year ago
cont..My current interest rate is 29.9%. It went up from a "good customer's rate" of 7.9% in ONE STEP. All this while my payments were ontime and above the minimum every month, without ANY change in my credit score, amount of debt, number of credit cards, finacial or carreer situation or even marital or family status...In fact, all that info was reviewed only 3 months before when I applied for a reduction of finance charge from 9.9% to 7% and got 7.9%;. A Very good rate in 08.THEN, Cap one ...
thecrispy41 1 year ago
...Capital one realized it was going bankrupt (as it deserved to) and arbitrarily did that to everyone who had only 1 or few CCards.
They told me over and over it was based on a change of my credit data but it was pure lie because in my RARE case nothing had changed.
NOTE that it allowed for many foreclosures because people got bankrupt trying to pay such scandalous rates! and Cap one also seized (Sorry STOLE) houses.
This is called rogue/disaster capitalism: illegal & immoral just as U are!
thecrispy41 1 year ago
@thecrispy41 Get an education before proving your ignorance to the world. your credit card debt has nothing to do with your mortgage. in fact if you own a home and have a mortgage then it doesnt matter if you default on your credit cards. you get to keep your house and car. its called an un-secured debt. that is what your credit card is. if you dont pay it you get bad credit, thats it! if you dont pay your mortgage you lose your house that is called a secured loan. learn the law get smrt
joeatch2 1 year ago
@joeatch2 you are insulting others:calling me a a moron, "get an education"...
WHO ARE YOU - besides an immoral spokesperson for the greedy
or a millionnaire. if U dont believe in Usuary rate laws then you shouldn't even live in the US as they exist in many states and I am sure U are against them?
Taking a loan/using a CC is a choice. Ability to repay over a CHOSEN time-period is ruined by a tripling of int. rates. As far as mortgage connection, you didn't get it (lack of education/moronism
thecrispy41 1 year ago
@thecrispy41 thats right if you choose to pay over your chosen period of time and they choose to raise the interest rate on you then i guess your next choice should be to choose to pay off the debt quickly!
joeatch2 1 year ago
@joeatch2 you are insulting others:calling me a a moron, "get an education"...
WHO ARE YOU - besides an immoral spokesperson for the greedy
or a millionnaire. if U dont believe in Usuary rate laws then you shouldn't even live in the US as they exist in many states and I am sure U are against them?
Taking a loan/using a CC is a choice. Ability to repay over a CHOSEN time-period is ruined by a tripling of int. rates. As far as mortgage connection, you didn't get it (lack of education/moronism
thecrispy41 1 year ago
@thecrispy41 I believe there should be no such thing as usury rate laws to be honest with you. if someone is going to loan you their money and you agree to pay what ever rate they charge then shame on you! all the masters degrees on earth cant save you from yourself and stupid decisions you make. that's a fact. I'm so sick of you cry babies always wining about how everything is unfair! learn to read. dont sign anything you dont understand or agreewith. wow what a concept.
joeatch2 1 year ago
I didn't get the mortgage connection? there is no connection in your statement. that was my point. a credit card and a mortgage are 2 totally different things. not paying your mortgage loses you your house. not paying your credit card gets you bad credit. way different. so if you know that then why would you pay your credit cards before paying your mortgage? I'm afraid you don't get it. Also reading your posts I am confident that you have NO education as you cannot write.
joeatch2 1 year ago
@joeatch2 "a credit card and a mortgage are 2 totally different things. not paying your mortgage loses you your house. not paying your credit card gets you bad credit"
I think I figured this one out. Crispy bought his house using a CC!
jjenson2006 1 year ago
@thecrispy41 no i am insulting you.
joeatch2 1 year ago
@joeatch2 What can of Education do U have Miss arrogant (U sound like a young ignorant woman).
I have 2 masters degree and 2 post masters years , speak 3 languages .
BUT insulting people w regard to education is a low blow from ignorant arrogant people who think they know it all.
U may have an education but it certainly does not show. I hear only Glen Beck/Rush Limbaugh extreme right brain washing from your small brain. Read Thom Hartman, H Zinn..
thecrispy41 1 year ago
@thecrispy41 getting educated has nothing to do with a masters degree. it has to do with knowing the laws of the land you choose to live in. it also has to do with you READING YOUR CONTRACT. It clearly states the terms of your rates and that they can be changed at any point in time at the LENDERS discretion. Also my mortgage rate wont just go up because a FIXED rate mortgage doesn't change. like i said get an education. maybe you should read more of the agreements you sign and less books.
joeatch2 1 year ago
@joeatch2 U'll never get it ; not a matter of education indeed! U are a stupid person brainwashed by glen Beck and alike. U need to educate yourself (I suggest Thom Hartmans'show and books on corporations, to learn how it USED tTO BE when America was prosperous).
I understand fixed rate mrtgages; I hve 1; U don't like LEGALLY fixed rates so u deserve fre market in housing like U ADVOCATE FOR C Cards! rates going to 30% with OUR house foreclosed on! DID U FINALLY GET IT?
Corporate spokesperson!
thecrispy41 1 year ago
@thecrispy41 Ah so your a sexist. I see how deep the ignorance runs. You obviously feel that women are inferior to you based on your comments. I am curious to know the fields of your masters level waste of money.
joeatch2 1 year ago
@joeatch2 U just sound like an ignorant girl (not a wise woman).
Perhaps it's tea party membership along with brainwashing but U have no good education or critical thinking for sure! on't know history!
Read Thom Hartman's book on Corporations perhaps U'll start to stop righting against people's interest and for the 2% wealthiest who usually don't even pay taxes or get tax subsidies (welfare for corporations see CTJ website)
You dYOU NEVER ANSWERED ON party or corporations U speak for...
thecrispy41 1 year ago
as a kid i used to work in Wilmington Delaware,and i wondered why the hell there are so many bank office buildings and i mean allot of fuckin banks,ow i understand why,thanks
gianni300rpm 1 year ago
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mycreditrepairmagic 1 year ago
fuck interest and loans
if im in it i own it
im living the dream
riding a new bike
spending cash
cry me a river
TheMrfrawg 1 year ago
dude its not illegal. its part of case law now since it was a precedence set by that case -.-. perhaps you may rephrase and say its not FAIR. legal and fair is very different mate.
thegoonist 1 year ago
Hmmm... so the "debt professor" says that when a bank and its customer can go into a loan agreement without government interference, that automatically equals "the bank stealing from the customer"? I'd be interested to see your definition of "stealing."
Actually if you want to really understand the law, the highest law (the U.S. Constitution) says the government cannot interfere with contracts. A loan agreement is a private contract. Pretty simple.
unlimitedinvesting 1 year ago 2
what about slaves? :D
or coccaine?
BeyondSight 1 year ago
a gov law that was there to protect ppl from high interest rates was basically bypassed.
gwho 1 year ago
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GET PISSED OFF AT YOUR POLITICIANS AND THE OWNERS OF THE FED, WHO HAVE LOOTED YOUR COUNTRY, AND HAVE PUT UNTOLD MILLIONS OF AMERICANS IN POVERTY!!!
Rothschild Banks of London and Berlin
Lazard Brothers Bank of Paris
Israel Moses Sieff Banks of Italy
Warburg Bank of Hamburg, Germany and Amsterdam
Kuhn Loeb Bank of New York
Lehman Brothers Bank of New York
Goldman Sachs Bank of New York
Chase Manhattan Bank of New York (Controlled By the Rockefeller Family)
TheDigitalWeb 1 year ago
I think CC companies should be able to charge as much interest as they want to as long as it's in their contract. If you don't like the rate they charge, you find another CC company or you just don't charge things.
There is no law that states you must have a CC.
I don't like the government involving themselves with the credit market; they indirectly cause the rates tro rise.
jjenson2006 2 years ago
@jjenson2006 There is a fundamental problem with what people want and how companies profit from people. People want 1% cash back or air miles but not lower interest rates and fees. for me interest is not a big deal because ill probably only ever be behind by accidentally missing a payment but late fees are ridiculus considering interest charges, it should be stopped so forgetful responsible people arent overly penalised
zxcvbnmjhgfdsa1 2 years ago
If you don't like the terms that the company has, go look for another company that has the terms you like. If everyone did this instead of moaning and groaning, the competition would drive interest rates and fees down.
Why do you want the government to control private institutions? If people made clear to the CC industry what they want in a CC company, there would be some changes in the industry, but a lot of peoplejust stay with their company even though they don't like their terms.
jjenson2006 2 years ago
i dont want goverment to take over credit cards if they cant lend to banks properly how would they lend to the masses, what im saying is outlaw fees just have interest and lower credit score as a consequence. My point is people often don't think the right way, eg they always think the will pay they're credit card and shopaholics no consequences for spending on cards
zxcvbnmjhgfdsa1 2 years ago
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"what im saying is outlaw fees just have interest and lower credit score as a consequence"
That is an act of government; if a bank wanted to do that, they would.
"people often don't think the right way, eg they always think the will pay they're credit card and shopaholics no consequences for spending on cards "
If people don't learn to think right, they lose money; that's the way the free market works. People need to be self reliant; not rely on government.
jjenson2006 2 years ago
@jjenson2006 GOVERNMENT IS GOOD!
Ronald Reagan launched the war against America and tried to destroy the middle class. He and his followers (Clinton as a good republican indeed) followed his policies & we're now bankrupt, with a shrinking middle class, 46 million poor Americans 1/6 on food stps: GREAT achievement from YOUR people!
Reagan also got us the largest income tax increase in history ALL on poor and middle inc. earners: a fact (listen to/read Thom Hartman to clean Ur brain from propagan
thecrispy41 1 year ago
@thecrispy41 You are delusional!
First of all, where did Reagan and Clinton become MY people? BTW, Clinton is a Democrat.
Secondly, I am Libertarian. I believe in free markets. When markets are free, they cannot be hijacked. If you put powers of government in charge (fight the free market), you put in place an authority that can be bribed by the wealthiest people in the world. More governemnt means more power to be bribed by the wealthy.
I want less government, you want more!
jjenson2006 1 year ago
@jjenson2006 I know but we say Clinton was the best Republican "they" could get, selling out the country , continuing Reagan policies, as facts show he was to the right of Nixon! Libertarians are dreamers at best, anarchist at worse. IF they ruled we would go back to England in the times of Dickens. the wealthy would not need to bribe politicians they would apply all the power of money to oppress the rest of society to maximize their profits. Only top 1% of us should be libert and smart.
thecrispy41 1 year ago
@thecrispy41
Libertarians are not anarchists. They believe in SMALL government; not "no government".
The only government we should have is to protect freedom.
" IF they ruled we would go back to England in the times of Dickens."
How do you know what would happen? They never ruled before; oh, that's right, you know everything.
All I know is history. Democrats and republicans that really are the same party, destroying this country piece by piece.
I think you have serious problems
jjenson2006 1 year ago
@jjenson2006 I had a nice housemate who was a libertarian (+ Very smart) so I know libertarians:TOTAL DREAMERS who think the neighborhood would fix the roads+ police the street, no need for zoning laws. For ex: why have laws/local regulations to settle disputes with neighbors( how far from my wall he can plant a tree: peace would work; force would never be used against the weak!
Tell me where this has ever happened except in communes? Just a dream! It would turn into a nightmare: anarchy
thecrispy41 1 year ago
@thecrispy41
You are prejudice. You think that all Libertarians are the same.
First of all, your housemate is not Libertarian; (s)he is an anarchist. A Libertarian believes in police and military as long as they are ONLY used for defense purposes. Some people think police and military are socialism, but they're wrong. Freedom has to be protected; and that's what military and police are for. Fighting evil, foreign and domestic. They also believe in courts to protect private contracts.
jjenson2006 1 year ago
@jjenson2006 Finally admitting what U are! and...under your DREAM - or rather NIGHTMARE - world we would see dictatorship of the wealthiests/most powerful who would bring terror at every corner.
We'd have Capitalism on steroids or rogue capitalism . Now we have disaster capitalism (Der Spiegel's famous cover 2 years ago isn't that enough sufferring?
Might as well have the French revolutionary terror or Bolsheviks!
read "Building a better America" Duke Univ study just publ & think about it
thecrispy41 1 year ago
@thecrispy41
Dictatorship happens when you have big government. Hitler was a dictator and that was a socialist system; the kind you admire.
One of your problems is you don't know what Capitalism is. If you did, you would be very embarrassed and delete all the stupid posts you made.
The French revolution was due to a Monarchy. Monarchies go against Capitalism.
jjenson2006 1 year ago
@jjenson2006 Hitler claimed to be a Socialist he was as close to be a .Socialist as Musolini.. or Staline. look at Sweden for an example of Social democracy I like and 92%of Americans would chose if they could have it Duke University Study that U must read. her is my mail address I'm tired of posting here chrisddd40@yahoo.com
thecrispy41 1 year ago
@thecrispy41 " December 2008 Rasmussen poll found that when asked whether Americans supported a state-managed economy or a free-market economy, 70% preferred free-market capitalism, with 15% preferring a government-managed economy." - source Wiki
jjenson2006 1 year ago
Respond to this video... no relationship between big govt and dictatorship and I don't know of ANY good example of Socialism except perhaps venezuela. don't scream! I know U don't get it AND I know Chavez is very tempted to become a dictator (understandable part of human nature) . Of course, US attempts to overthrow him will only drive him further in that direction .READ Blowback or at least several reviews of the book - after all the author forecast the 9/11 attacks 1 year ahead)
thecrispy41 1 year ago
@thecrispy41 "As the government started to devaluate the currency in February 1983 in order to face its financial obligations, Venezuelans' real standard of living fell dramatically. A number of failed economic policies and increasing corruption in government led to rising poverty and crime, worsening social indicators, and increased political instability.[21] Corruption remains a problem; Venezuela was ranked near the bottom of countries in the Corruptions Perceptions Index in 2009.[22]" - Wiki
jjenson2006 1 year ago
@jjenson2006 Yes sure the power of individuals over large bank.. dream on! Also, I just checked a few sites to find the best credit cards. Their used to be many small banks offering good rates. NOW I only found 1 but actually is owned buy a large 1. This is no competition.
We have a oligopoly just like airline companies which is why rates are going up why they have NOT removed surcharges (+ 1 baggage under 50lbs) imposed with oil at $150/barrel Its now $72. WAKE UP GOVERNMENT MUST legislate
thecrispy41 1 year ago
@thecrispy41 I see plenty of credit cards out there; I don't know where you are looking. If you don't like their terms don't get a CC or maybe start your own CC business with your terms.
The airline fees are not in direct proportion to oil prices. When oil prices were higher, fewer people were taking planes; so the airlines removed flights. In fact, the high oil prices are from GOVERNMENT intervention. Government is legislating; that is the problem! It's sad you can't figure this out yet.
jjenson2006 1 year ago
@jjenson2006 "the high oil prices are from GOVERNMENT intervention. Government is legislating; that is the problem! " total baloney! We NEED MORE Govt legislation. Oil companies have been gauging us since at least 1996. We now pay about $1 over what we should pay. Pt Carter had guts to launch an investigation proving price fixing & rigging & forcing a refund. A new 1 is overdue: w $1 Trillion was stolen from OUR pocket.
The difference between us: U like to be screwed and I don't U are tea-party
thecrispy41 1 year ago
@thecrispy41 Why do you automatically believe that the government are the good guys or that they don't have any profit motive? Let's say a regulator who gets paid $150k/yr is in his office and three men in black suits from company X walk in with a briefcase of $1M cash. They hand the regulator the gift. Do you think the regulator is loyal enough that he will reject the money and take action against them, which might not be good to his health?
You're living in a dream world, WAKE UP!
jjenson2006 1 year ago
@thecrispy41 "The difference between us: U like to be screwed and I don't U are tea-party"
The difference between us is that you don't know what you're talking about and I do.
jjenson2006 1 year ago
@jjenson2006
I think it's JUST the opposite U know little, U are VERY arrogant U called me uneducated, ignorant and stupid. U think Hitler was a socialist and just that tells me U know NOTHING about Socialism (most Americans don't: they think it's like Communism...)
See Americans when polled carefully want to have a Swedish-style country with huge government and SOCIAL care. Google "Building a better America Duke University" ENLIGHTENING! with free & fair elections w'd have it to morrow
thecrispy41 1 year ago
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@thecrispy41
"U think Hitler was a socialist and just that tells me U know NOTHING about Socialism "
"Adolf Hitler (German pronunciation: [ˈadɔlf ˈhɪtlɐ]; 20 April 1889 – 30 April 1945) was an Austrian-born German politician and the leader of the National Socialist German Workers Party" - source Wiki
" with free & fair elections w'd have it to morrow"
Keep on dreaming!
jjenson2006 1 year ago
@jjenson2006 Instead of constantly insulting people (prof of ignorance) why don't u answer questions instead of avoiding them -as any reader can see -. WELL IT"S BECAUSE YOU CAN'T . can't have an intelligent conversation with ignorant gals like U Especially when they claim to know better BUT are NOT interested in reading.
Also, often U don't even read the post unless U can't understand of course...
Im tired of was ting my time w U . OTHERS WILL JUDGE!
thecrispy41 1 year ago
@thecrispy41
I can see you hate woman; you are a sexist. You refer to me as a woman because you think "woman" is a bad word. You and your gay anarchist roommate need to get real.
jjenson2006 1 year ago
@jjenson2006 send me a link on "plenty of CCs out there" I looked at several sites.
on airline: U didn't read my post or are a spokesman 4 large corporations (Ie: u are aTea party guy! thinking + voting against his own interest to help only the top 2% wealthiest who usually pay 0 taxes
Watch the recent interview of a tea party guy who got over $720K in farm subsidy? He couldn't find a word to say: HYPOCRITES, IGNORANT and fascist
SOCIALISM IS THE WAY!
Oil price:2 -> fuel surcharge:2 simple!
thecrispy41 1 year ago
@thecrispy41 "send me a link on "plenty of CCs out there" I looked at several sites."
There are plenty of them; do your own research. If you don't like the terms that any of them offer, then don't get a CC.
I wanted a computer desk that would fit nicely in the corner next to my book shelf. I couldn't find anything. Should I get the government to make them make a desk the way I want it? I went ahead and made my own.
Stop complaining; your preferences are not the law.
jjenson2006 1 year ago
@jjenson2006 stupid comparison and the challenge remains open I DID LOOK and we have a small oligopoly - with 1 bank offering 10 versions of it's card - and about 5 banks total on sites I went to, that's it
thecrispy41 1 year ago
@thecrispy41
"a tea party guy who got over $720K in farm subsidy"
If the government offered to give me a subsidy, I would take it. That doesn't mean I approve of subsidies. Subsidies are like a car driving around and throwing our tax dollars out the window for anyone to grab. If I see tax dollars falling out the window of a car, you bet your sweet ass I will grab for everything I can. I however, would vote against sudsidies until they are no more.
jjenson2006 1 year ago
@jjenson2006 you are a hypocrite with no integrity!
thecrispy41 1 year ago
@thecrispy41 I might be from your redefined meaning of those two words; but not from their real meanings. After all, you think libertarians are anarchists and capitalists are fascists. You have absolutely no understanding of how the world works. You spit in the face of freedom and want the whole world to work the way you want it to. It is good that no one like you rose to power because you are a dictator. But you're just a nobody who wants piti from your own ignorance.
jjenson2006 1 year ago
@thecrispy41 "SOCIALISM IS THE WAY!"
Move to Cuba. There you'll find out what socialism is all about.
In fact, Cuba's economy got so bad from socialism that they are now turning to the free market to save them. There are many articles out there discussing this.
jjenson2006 1 year ago
@jjenson2006 Cuba is not a TRUE socialist country. And Hitler was as close to socialism as Musolini or Stalin.U have NO idea of what Socialism is or interest in learning.
Look U are so ignorant and calling me- I quote "moron, stupid, uneducated, a dictator, a nobody who wants piti from your own ignorance. .."
Well i've had it with gals like U who CAN'T Have an INTELLIGENT dialog cause they are so ignorant + full of it + can't even read the post before answering while claiming to "KNOW it all"
thecrispy41 1 year ago
@thecrispy41 If you want socialism so much, why don't you get all your friends together and form your own socialist community. You put everyones money in one big bank account and give them all access. You can then all work together in happiness! Just don't push your socialism on the rest of us! Let us know how it works out.
jjenson2006 1 year ago
@jjenson2006 Ah I see! a Libertarian who wants to censor those who push their ideas or views HYPOCRITE dictator yourself!
As far as hating women or my Gay housemate Is it worth commenting?
Gal like U insult people or change the subject because they have NO intelligent answers. Thank God libertarian views are shared by 0.1% of Americans and Socialist views - as in Swedish socialism, you know zilt about - by 92 % of us (as Duke Univ study shows" Buiding a better.. )Read it ignorant lesbian
thecrispy41 1 year ago
he ask for ppls phone number i bet he charges people please correct me if im wrong
zxcvbnmjhgfdsa1 2 years ago
very imformative. 5 Stars!
luckyvet 2 years ago
Abolish the Unconstitutional Federal Reserve, remove their paid politicians from office, outlaw lobbyists, reinstate the US Constitution, reinstate the gold standard, and put the power of the US Treasury back in the hands of Congress where they can be held accountable for their actions by the people. The Federal Reserve Act has resulted in the conversion of America from its original state as a Constitutional Republic to a Corporate Oligarchy of thieves robbing America into oblivion.
00RoninSamurai00 2 years ago
then why has every country in the world gone that route
zxcvbnmjhgfdsa1 2 years ago
@ zxc cos the banks owns each country's govt is why.
venuecam 2 years ago
Because the international bankers have successfully used their unlimited capital to infiltrate and subvert the economic systems of the world. The origin of the Fed provides a perfect example of how it is done. You should research how the Fed came to be.
00RoninSamurai00 2 years ago
we should make Fight Club a reality
destructovision 2 years ago
pay cash for everything - problem solved.
hardtechnoboy 2 years ago 2
@hardtechnoboy what cash? legal tender? that is a debt instrument also...u cant pay off any debts with out gold or silver Article 1 sec/ 10 of the constitution.
79JAMONIT 2 years ago
@79JAMONIT i meant USE cash instead of credit cards. Don't give the credit card companies your money. Even using a check to pay for stuff is better.
hardtechnoboy 2 years ago 2
thats another debt instrument, point is u cannot lawfully pay any debts off, article 1 sec 10 of the US constitution, states only gold or silver can be used as money. Anything else is an IOU check,credit card, money order. Ur best bet is to not accumilate any more bills and start studying UCC so u are aware of what ur are signing at all times. U can discharge ur debt by filing UCC-1 and ur creditors will have access to ur treasury acct. that is worth millions. Accept it for value and write itoff
79JAMONIT 2 years ago
the current economic system is doomed to fail because it depends on constant growth and there are only so many natural resources to go round,that and the fact that banks are creating money out of nothing...inflation has dropped the value of the dollar by some 98% and we are just getting started....and its just a matter of time before the feds approve another massive bailout.i am using the barter method these days ,my income is down about 80% but for some strange reason i own more than ever.
grasscat1977 2 years ago
well its not illegal if it has been found to be constitutional. you can disagree with the opinion of the court an try to find evidence that it should be overturned, but it isn't by definition illegal due to the supremacy clause.
equivalent would be ending slavery up until a few years ago states still "allowed" it, but the fed said it wasn't constitutional so they couldn't do it.
Don't get me wrong I think interest rates can suck, but his argument doesn't make any sense whatsoever.
RedRover87 2 years ago
The next video should be "Why Americans are paying ILLEGAL federal income tax" Good job - 5 / 5
HEREclickPlease 2 years ago 2
Bring back usury laws!!!
ddubrul 2 years ago
@ddubrul What is "usury" laws? Real ? I honestly don't know.
cursivedragon 2 years ago
Each state has their own laws pertaining to interest rates and what the maximum rate that can be set is. Some states have no maximum interest rate and that is where all the credit card companies have moved. We need a national usury law to protect citizens from these usurists!
ddubrul 2 years ago
Credit cards are unilateral contracts and are unenforceable. before they take you to court they sell your account to a third party debt collector. The CC company also collects on the insured account plus gets paid by the third party collector. You have no contract with the third party debt collector so when they start with the nasty letters, write 'em back with a "conditional acceptance" stating that you'll gladly pay if they can show you a contract between you and them. They can't. You win.
AceOfHeart2012 2 years ago
@AceOfHeart2012 I've heard about stuff like that but would LOVE to see a single case reference. Let me know if u have one.
I talk to an attorney who was fighting a foreclosure case where the bank could not show a mortgage contract and the case was far from won in spite of rumors of cases like that I lost touch w him since
thecrispy41 1 year ago
Vote for Andrew Jackson!!
artillery77 2 years ago
WE need to sue the Bank for illegal usuary rates, as well as DRASTICALLY reducing our line of credits on our credit cards!
Pookatube 2 years ago
WAKE UP! it all starts with the federal reserve. it is a central banking system, the same kind of bank that was a large reason we fought the revolutionary war to escape. we r being stolen from & instead of demanding harsh prison sentences for these pirates or rising up against these corporations (with protests or even physical violence) we sit there and take it in the ass & try to do things like "reform". reform will never work as soon as u close one loophole they find another one to sneak thru
mrwizard319 2 years ago 3
sounds like one of the biggest miscarriages of justice of all time.
Psychentist 2 years ago
It's over with and they know ppl. They did it to Symeria, Babylon, Egypt, Rome, Europe and now the Americas. Get ready to be thrown back into the stone age or enslaved by a one world communist eugenics loving bloodline. How ever it plays out.
ang9967 2 years ago 11
I don't use banks. Nothing but thieves. All of them.
XxxxxAvatarxxxxX 2 years ago 11
@XxxxxAvatarxxxxX oh god i would honestly give u a dollar for understanding is fuked up system we live in
bxccapricorn 1 year ago
HEY EVERYBODY... chabs20 IS RIGHT!
I went earlier today to buy a new TV. It was $669.99 on sale... but when I offered CASH.. the guy said, "Hey is that CASH?"
Since you have CASH... I can recalculate the BEP over the CFP and let me see... ah.. here it is... you can have the set for $50.00! SOLD! Gee... chabs20
THANKS FOR THE HOT TIP! I'm going to send you a C-Note for your help!
ROFLMAO!!!!!!
BourneAccident 2 years ago
This must be what I experienced with my first auto loan. I followed the precise amortization schedule making the minimum payments on time every month for three straight years. Then I called them to check and they said my balance was way higher than it should have been. They said my payments were barely covering the interest charges but they wouldn't explain why so, I told them to go to hell and I let them have my car. That was the first and last time I ever used credit. Never again.
Piscivorus 2 years ago
I use my credit card bank's money every month. I pay them nothing...PLUS... I get cash back/points for merchandise on my card. I am their worst nightmare. It costs them money to keep me. The only benefit for my credit card bank is the 3%+ they take from the businesses that I buy from.
BourneAccident 2 years ago
Banks like you for a customer? No. Are you their worst nightmare? No.
You 'borrow' say, 100.00 to make a credit card purchase. THEY pay for your stuff with THEIR money. YOU pay in FULL so they get it back each 25-30 days. They take a 3% cut of every purchase you make. This cycle repeats every month. Good for you, BETTER for them.
A 3% net return on their monthly investment in you, X 12 months = 36% apr.
Really want to fuck your bank???
PAY CASH!
tazztt1 2 years ago
I have no interest in screwing my bank, just using them to my benefit. True, they gross 3% on my purchases, but I also make cash back & merchandise points. For me to PAY CASH I would have the added expense, hassle, and liability of carrying cash and checks. There are also issues with the amounts and frequency of my purchases. Since I spend upwards to $50K per year on my cards, it is not practical for me to pay cash... but good point.
BourneAccident 2 years ago
Bourne U R a fool, you always pay less by paying cash. Cash has barganing power. credit cards do not. You get a few miles and brownie points. You are actually losing an average of 10% you would have saved not using your credit card. You are fooling yourself if you think you are scamming the banks. You are only scamming yourself.
chabs20 2 years ago
Gee... the only word that comes to mind after reading your post is BULLSHIT... Please explain to me how getting paid to use someone elses cash to make my purchases LOSES me 10%? It is gaining me 10%. You obviously didn't read my previous posts properly. And cash only has bargaining power for "cash" deals if you know what I mean. Also, I am not "scamming" anyone. I am not allowing myself to be scammed and earning a risidual to boot. You are 100% completely mistaken.
BourneAccident 2 years ago
Bullshit is what you have for brain because you are 100% wrong. Ask Dave Ramsey ask any financial gurus out there. Ask the researchers who concluded that if you pay cash you save 10-25%. Who supports your belief, no one, because it's only in your mind. Go ahead pay more and get your crappy airlines miles thinking you are soooo scamming the credit cards. Eventually the banksters will get you.
chabs20 2 years ago
You are totally full of it. No one is going to give you a discount of 10% to 15% at..say.. Best Buy for paying cash. Also, you are wrong about Dave Ramsey because he promotes exactly what I am saying. DYOR because you embarrass yourself. Who supports my belief? Everyone who has the smarts to use credit cards as I do. Also, I don't pay more, I make money from them. I invest my money, use the bank's money, get cash back percentage, and then pay a discounted rate. YOU ARE A FINANCIAL IDIOT.
BourneAccident 2 years ago
Smarts? The money you use to pay off your debts only comes from deposits created by other idiots using credit. So every time you spend on credit, you're electing to accept the debts of others. All the debt created from the use of credit is never destroyed, it just snowballs around the economy creating inflation. Thanks to this inflation, the value of my money is constantly dropping, which threatens the future welfare of my whole family. Tell my why I shouldn't just put a bullet in your head.
Piscivorus 2 years ago
You are close to getting it..which proves that a little knowledge is a dangerous thing. Try this...The creation of money through credit disappears once the initial principle has been paid in full, which in my case is a cycle of about 20 days and therefore 0 inflation... BUT.. I gain 100 basis points (from the bank) every cycle PLUS what I earn during that cycle on the banks money in my brokerage. Now because you can't figure it out you want to put a bullet in my head? What a broke douche bag.
BourneAccident 2 years ago
The damage is already done by the time the principle is paid. But there's always more debt than money. You or some other schlep has to borrow again to pay off your interest charges and that's where it leads to continuous inflation. Your mistake is assuming that you own anything at all when everything you have is paid for with bunk money. If the bunk's money is in your brokerage, then your brokerage belongs to the bunk. And when the bunk's money becomes worthless, you'll become worthless.
Piscivorus 2 years ago
1. The overall money supply that was expanded by debt principle is decreased by the exact amount of principle when it is repaid.
2. I don't have interest charges.
3. Inflation is caused mostly by our own government borrowing money at interest (look up national debt, the Federal Reserve, and fractionalized banking practices).
4. The value of anything is percieved.
Do some research, study, think, and THEN speak. That's good advice for you.
BourneAccident 2 years ago
You just answered your own question. Best Buy aka Worst Buy is a RETAILER they are 10+ % higher. Go ahead a get your 1% rebate and pay 10% more, SUCKER! Why does Costco not use VISA or MC? and only have special agreement with AX. Who's the Financial Idiot now? You are also hard of hearing to because Dave Ramsey tells you to use Debit, and cut up credit. Did you not see the scene where they were cutting up credit cards with a chain saw. Go ahead and use CC if that makes you feel like a Wiener.
chabs20 2 years ago
You again? Okay..Here are the answers to your questions:
1. I don't shop at Best Buy.
2. Costco doesn't use VISA or MC because they don't want to pay the 3%. (That was tough to figure out.) DUH!
3. You.
As far as Dave Ramsey goes, listen further. You can use your CC if you pay off your balance on time every cycle. If I use debit, I lose the 100 basis points and I lose profits made on investments with bank money during my billing cycle. I am not going to give up that money.
BourneAccident 2 years ago
Can you really be as dumb as you sound. You again disapprove you own argument. You said yourself, Costco does not wan to pay 3% so you also ain't getting nothing back from them, and by the way they sell at a discount. Ha ha. Sorry, I give up with you, you are hopeless.
chabs20 2 years ago
How much do you charge to haunt a house? Can I get a discount if I pay in cash? Only kidding... I would actually pay you in full and give you a tip to boot... and I can do that because I have extra cash from managing my finances properly.
Seriously, for some reason, you display a profound lack of financial acumen Let's see...you are about 12 and your mommy let's you use her laptop? Right? Or maybe you are lonely and disturbed and need attention. You couldn't possibly be this stupid.
BourneAccident 2 years ago
I am a merchandiser that arranges container shipments from China, including laptops. I calculate BEP.I can sell you a laptop for 1 penny and still make 100 pure profit on it. How? you ask, you would not have a clue. I am also a CFP from prev. prof. I KNOW, what I am talking about..so now go cry to your mama and laugh at me like the ignorant American that you are. You are a waste of brain.
chabs20 2 years ago
1. If your BEP is 0 (which is indicated by you making 100% on a single penny sale) then you are an accomplished liar, cheat, and thief because even if you got the merchandise for nothing, your time was still involved and time is money.
2. I already knew you to be a CFP from your postings. (Certified Financial Pinhead)
And finally, you're right... I having been wasting my brain... communicating with you! LOL...
Have a good one!
BourneAccident 2 years ago
I use a debit card and my bank gives me 10 cents every time I use it. Therefore paying with cash instead of my debit card would cost me 10 cents a transaction. All that being said, using cash would be a dumb thing to do for me.
QueensNewYork7 2 years ago
Wow! 10 cents a transaction. What are you gonna do with all that cash? Since you got them banks totally out smarted can you share the secret with the rest of us Financial Idiots. How about I give you 10c for every buck you give me? Think about it. You could be making some serious dimes in a new york minute.
chabs20 2 years ago
You'd be amazed at how fast 10 cents a transaction adds up; even if it didn't add up fast it's still better than getting nothing. So I basically get a 10 cents discount everytime I buy something. I guess you'd rather get nothing and carry cash on you to buy everything....sounds pretty dumb to me.
QueensNewYork7 2 years ago
Yeah, that makes sense. Go ahead save your pennies while I save dollars paying cash. Have a good day.
chabs20 2 years ago
I really don't understand your logic. If I walk into Burger King and buy a salad, it'll cost me $4.59. When I make the purchase or any other puchase my bank gives me 10 cents so actually I'm paying $4.49, not to mention the interest I get for having money in my checking account. You walk in the same Burger King and pay $4.59 in cash, period....so how does paying cash benefit you? Burger King or any other store doesn't give discounts for paying in cash so please explain your logic to me.
QueensNewYork7 2 years ago
BK may not be the best example but my neighbor and I recently purchased same sets of Yokohama tires. He paid 500 I paid 250 and they threw in a free alignment. I know this is extreme situation but it makes sense if you think that Brian's tires had to be purchased with credit or debit and hence accounted as retail sale. My set was not hot or used, only part inventory that the guy could get rid of at any price and still make 100% profit because this batch of tires already reached BEP.
chabs20 2 years ago
@tazztt1 the cash back is a one time deal; not every month!
thecrispy41 1 year ago
people need to stop complaining about credit card debt and all that crap. Obama didn't need to make a law restricting credit card companies. If anything he screwed those of us who actually use them responsibly.
Credit card companies tell you what your interest rates and 'surprise fees' are going to be when you sign up. It's the signer's fault for bringing these rates and fees upon his head, hot the creditors. If you use a card properly, and pay it off withing the time limits, you accrue no debt.
The1337Robot 2 years ago
This isn't a loophole at all. This is a case of one man screwing over all Americans because he was a selfish bastard who didn't bother to take out a loan in his own state. Why did he have to go to Omaha just for a loan? Why not go to Iowa? Why is he complaining about his interest when it would have been explicitly stated in his loan papers?
Besides, it's not illegal interest...it's all legit because credit card companies tell you beforehand of interest and credit risks...*continued above*
The1337Robot 2 years ago
these banks are loaning out money that they dont physically have and then charging interest on it.
If anyone of us did that we would be thrown in prison. There is something very wrong with the way our financial system works.
A select few men now have the one thing that all dictators and tyrants have sought after
the ability to create money out of thin air
saints1010 2 years ago
People don't realize...you don't work to pay off debt...you work to RECIEVE DEBT! If you have a large public bank account...you are just a large debtor...not realizing that the only credit in this country that exists comes from US when we SIGN AS AUTHORIZED REPRESENTATIVES FOR OUR CORPORATE STRAWMAN EVERYDAY!
Money only comes into existence through signatures...if you don't believe...sTOP SIGNING YOUR CHECKS...they are a "loan" just as much as a "home loan"..or "debt" same as "home debt"
gladiator1010 2 years ago 2
stop identifying yourseld as the debtor...recognize that YOU are the creditor that extends credit to the bank through your signature so the bank can turn around and "loan notes" to you
KNOW WHO YOU ARE!
gladiator1010 2 years ago
If ya don't like the rate then don't borrow the money. If ya do borrow the money then pay it back EVERY month. So what's the problem?
aardvaark069 2 years ago
averageworkinggal
First you say
"They are preempted by federal law, the National Bank Act of 1864."
Then you say
"Federal loan credit card interest is not illegal unless it is illegal in the home state where the national bank has its charter."
Which is the lie?
The first. No federal law can override a state's law. Period. Read your Constitution. The only exception is Interstate Commerce which must comply with existing state's laws.
Usury. It should never have been allowed. Fed = Evil
Smokr 2 years ago