Credit Card Protest Video

http://www.MrMoneyHelper.com

CREDIT CARD PROTEST VIDEO

Are you fed up with the way credit card companies and banks are treating the citizens of the USA? Congress has let them get away with it for decades.

They enacted some good regulations to help us a little bit, BUT; they gave the banks a YEAR to implement them. So now we see banks slashing peoples credit limits in half and in half again. They are now raising the rates on their customers to 29.99%. They're doing that to their good customers too!

I have proposed a "National Default Day" as a "hypothetical" scenario that would change the world of banking for us all.

Watch this video at Youtube and do a few things. Please rate it with five stars. Add it to your favorites list then subscribe to it. Finally, post a comment at the video.

Doing all of these things makes this video stand out in the Youtube rankings. If we do all of these things together, the video will have a chance of getting to the front page of Youtube. Then the message will be seen and heard by more people.

Please send the link to this video to your friends via e-mail. There is even a way to do it directly from the Youtube site.

Mr. Michael J. Beninate
I'm on Facebook too: http://www.facebook.com/profile.php?ref=name&id=100000147012294

Category:

Nonprofits & Activism

Tags:

• tea party
• How to be debt free fast
• ebook
• e-book
• e book
• protest movement
• revolt
• interest rate hike

[jomase6154]

when you barrow something you have to give it back or its stealing. This kind of action comes back onto people like me. If I go to your place and use your shovel and not bring it back. what would happen? DON'T SPEND MONEY YOU DON'T HAVE. People depend on credit way too much.....this is what creditors know and use.

[MrMoneyHelper]

@jomase6154 You are right but you're not seeing the whole picture. Banks change the terms of contracts. It is take it or leave it. Customers can't go to the banks and say they want their previous agreement held in force AND keep using the cards. When banks change the rules they are cheating and stealing from their customers who in good faith agreed to other terms when they applied for their credit cards. People should use less credit, but; they shouldn't have terms changed on previous contracts.

[8mmstockfootage]

Excellent job. Congratulations for being mentioned on Lisa Epsteins daily finance blog. A LOT of people are now watching your video. Viewers don't be fooled by the low number right now. Youtube sometimes takes a long time to update numbers.

[MrMoneyHelper]

Almost 8000 people went to my site within two days of that article being published with the link to my site. I'm surprised at how few people were interested in making comments. All of the comments were from people who were being screwed by their credit card companies. I've learned that there are plenty of loop holes in the new laws congress passed. Which means the companies will continue to screw people. They'll just do it in different ways. People need to stand up to them now while they can.

[vvronbovv]

To agree is one thing but to actually get involved is another. With ample enough support this just might work.

[MrMoneyHelper]

I totally understand your position. The only way this will take off is if each person reading this and seeing this video decides to do it. They can't do it for somebody else. They must do for themselves. At the birth of our country there were people willing to fight and die for the principles of freedom. Banks are anti freedom. They are making Americans into slaves of bank debt. Nobody will come to kill you for standing up against usury. I think charging 10% or more is usury. What's your rate?

[Broadwayangel1]

I think you are on the right track but do it sensibly, start a movement to stop USING your credit cards. Keep paying them down to protect your credit but pay them off and stop using them. If everyone does this the same effect takes place.

[rayme4raw]

@cesartolico They said NO? I defaulted this May, I've received tons of settlement letters already. Of course, there's no money to give them, so they will have to settle for zero payment. 

[Usurpish]

@jomase6154 - Borrow a dollar and you owe 500%, which clouds your theory.  Borrowed from your brother who became a Shark...

[Usurpish]

This happened in mexico years back, and the public just walked away from the debt, told them to shove it. In Mexico they were charging 48%

[rayme4raw]

This could actually happen without a national default day. We currently have 15 million unemployed persons in the US. Banks now have a 9.1% default rate. As more people become unemployed, they will confront the reality that they cannot meet basic living expenses on unemployment and they will default on their debts, including credit card debt. The fundamentals aren't changing so unemployment is just going to keep increasing. Sooner or later, the banks will fold or the people will revolt.

[barkmag]

Awesome awesome awesome... rayme4raw is a perfect example. this is the only thing to do.