Is it Moral to Breach a Credit Card or Mortgage Contract?

In this video I discuss why I believe it is perfectly moral to breach a contract under certain circumstances when dealing with particular types of contracting partners. I do not advocate breaching contracts where it is not moral to do so; however, Americans have a sense of fair play and integrity that makes them reluctant to breach even where doing so is perfectly fair (considering all the circumstances involved). To continue to be conditioned into not breaching in a world full of contract partners that consistently play by their OWN set of rules; is not good for the community. Note: I refer to 'corporations' as being the 'evil-doers' here; but of course I don't mean to imply that every single corporation in the world is run without a moral compass. It's obvious though that almost every major multinational corporation disregards Contract related ethics when dealing with relatively powerless individuals.

Category:

News & Politics

Tags:

• Breach
• of
• Contract
• Foreclosure
• Negative
• Equity
• Walk
• Away
• Credit
• Card
• Interest
• rate
• Citi
• Debt
• corporations
• Econo

[kxnipt]

Why don't the people use their power. Stop paying your mortgage. Stop paying your credit cards. Do it until we strangle them all. We bring the whole system down. The corporations will not survive, but the people will, then we can rebuild.

[taysirk]

@kxnipt

I agree.

[FortNikitaBullion]

Stop paying your credit cards!!!

[ConsentWithdrawn]

Excellent video. Well done.