Does cancelling debt make us any better than Bankers or Politicians?

Jeremy Holtom speaks to Debt Write Off Company and asks the company representative whether it is right to actually write off debt, money that has been spent at your convenience just because of some flaw in their contract, contracts written up by Lawyers, which are now being disputed by the very same profession. If we are allowed to get away with not paying back money that we have spent, who will and what does this do to the countrys finances. We complain about Bankers and Politicians, but are we any better if we use these tactics to get out of paying back money which we have spent!

Category:

Howto & Style

Tags:

• Jeremy Holtom
• Politicians Banks
• Bankers
• Lawyer
• Law
• Loan
• Credit Card
• Debt
• Misselling
• Contracts

[HurricaneHeidi]

When my government gives in to Banking and Wall Street lobbyists and steals my tax dollars to give banksters TWO multi-TRILLION dollar bailouts because they all engaged in risky lending practices and then Wall Street leveraged derivatives to take full advantage of this debacle, I think we should fight fire with fire and stop paying on their vapor money credit cards and stop doing business with them. 

Join a Credit Union. They practice HONEST lending of EXISTING member's deposits.

[jeremyholtom]

Heidi thanks for your flurry of comments. I understand and agree with some of what you say but I believe we have a world where the banking thieves meet the thieving public.

We need to start taking personal responsibility for everything again. Continue as we are as avaricious parasitic little consumers and the collapse of the system and society cannot be far off!

[jeremyholtom]

My karmic credit limit is thirty trillion dollars!

[parkev14]

this video is pretty crappy. if you want to make a statement, please make a better quality and more concise video, or summarize on your blog and post link here. Thanks

[HurricaneHeidi]

@jeremyholtom - Yes. Once I extricated myself from the crooked Federal Reserve Banking System and moved all my accounts to a Credit Union, I started over again fresh. I keep up with my payments on the Credit Union credit card because THAT money was not created out of thin air. It was actually borrowed from my fellow members and I will NOT fail to repay them. Most of the time our family uses a debit card now... no more resorting to credit as a way of life. We learned our lesson the hard way.

[HurricaneHeidi]

@HurricaneHeidi - This is what I see whenever those sneaky commercials for Home Equity Lines of Credit come on television, trying to convince people to pay off their credit cards by borrowing against their HOME!

This is a vicious deception designed to get people to substitute secured debt (mortgaged real estate) for UNsecured debt (credit cards) so that if you can't keep up the payments they can repossess your house, instead of having to sue you to collect unsecured credit card debt.

[HurricaneHeidi]

@HurricaneHeidi - When the Federal Reserve Act was passed by the American Congress in 1913, it granted these international banking institutions the privilege of creating new currency out of thin air through the process of lending. All of this easy credit tipped the balance of supply and demand, and drove prices UP, which trapped consumers into using more credit because most people could not afford to pay cash any more. It's a vicious cycle and a horrible TRAP.

[HurricaneHeidi]

Jeremy - I respect your PRINCIPLES but I believe they are misapplied in this instance.

None of us who have used "credit" which was provided by Federal Reserve Banks have actually "borrowed money off someone." This is what you need to learn about. Read: "Web of Debt" by Ellen Brown (there is an excerpt from it read aloud on my channel) and learn where this so-called "money" actually comes from. The banks did NOT RISK one cent. They created the money out of thin air.

[HurricaneHeidi]

@jailarson - EXACTLY

[eyeOOsee]

Superb!

[jailarson]

The entire financial system is a fiction designed to put all real property under the control of a few extremely greedy men who's end goal is to control the world.