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TEODORO LEON 3
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Articles Posted: 58; Links Seeded: 202
Member Since: 5/2008Last Seen: 11/25/2009
Member Since: 5/2008Last Seen: 11/25/2009
3 Votes
7 Comments
Consumers Feel the Next Crisis: It's Credit Cards .Watch the interest...
News Type: Event — Seeded on Fri Oct 31, 2008 12:05 PM EDT
Article Source: The New York Timesadvertisement
Lenders wrote off an estimated $21 billion in bad credit card loans in the first half of 2008 as more borrowers defaulted on their payments. With companies laying off tens of thousands of workers, the industry stands to lose at least another $55 billion over the next year and a half, analysts say. Currently, the total losses amount to 5.5 percent of credit card debt outstanding, and could surpass the 7.9 percent level reached after the technology bubble burst in 2001.
"We are not going to say, 'Yahoo, this is over,' and extend credit like we did without fear," Jamie Dimon, JPMorgan Chase's chief executive, said in a recent conference call. "If you're not fearful, you're crazy."
Watch the interest go up ...for everyone!
Even those with good credit ratings are not excepted. American Express, which traditionally catered to more upscale cardholders, said it would be increasing effective interest rates by 2 or 3 percentage points for some of its credit card holders — a move that could, for example, push a 15 percent rate up to 18 percent.
by 3 percantage points??!!Already going the other way!
Jamie Dimon,CEO,your not afraid...so pleaaase don't play us with your rhetoric.Or is it an inappropriate ejaculation of Satire.
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 | Banks asking for credit card debt forgiveness | Associated Press | Thu Oct 30 | 11 |
- Public Discussion (7)
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7.9
{"commentId":3803652,"authorDomain":"homelessokc"}
This time we have recourse for this attempt to abscond with all the resources and wealth of the World by a few Evil men.
QUOTATION OF THE DAY
"I made a commitment to make the payments and all of a sudden, no matter how hard I tried, no matter what we did, we couldn’t. Then to look at your kids and say: ‘You know what? Mom and Dad failed.’ It’s overwhelming."
KRISTIN BERTRAND, whose family lost its home to foreclosure.
MORE than a million homes have been lost to foreclosure in the last two years. And according to data from Mortgage Bankers Association, banks are now in the process of foreclosing on 1.5 million more.
{"commentId":3803652,"threadId":"405187","contentId":"2059639","authorDomain":"homelessokc"}
- 2 votes
#1 - Fri Oct 31, 2008 12:15 PM EDT{"commentId":3803806,"authorDomain":"homelessokc"}
When Debt Rises and Income Shrinks
Mike and Kristin Bertrand, both 36, describe themselves as lucky.
When their income had seemed stable, they had twice refinanced both a first and a second mortgage, increasing their debt from $370,000 to $668,000, and their monthly payments to $4,000 a month. They spent every spare minute, they said, searching for ways to increase their income and trying to persuade their lender to put them on a more manageable payment plan.
Then, in February, Mr. Bertrand lost his most recent job. He began feeling desperate and even contemplated suicide.
increasing their debt from $370,000 to $668,000, and their monthly payments to $4,000 a month.!!
{"commentId":3803806,"threadId":"405187","contentId":"2059639","authorDomain":"homelessokc"}
- 2 votes
{"commentId":3805860,"authorDomain":"acidreflux"}
Where is someone holding a gun to your head and requiring that you possess a credit card? Particularly with the advent of the Debit Card, I have trouble getting at all excited about this.
{"commentId":3805860,"threadId":"405187","contentId":"2059639","authorDomain":"acidreflux"}
- 3 votes
#2 - Fri Oct 31, 2008 2:07 PM EDT{"commentId":3807492,"authorDomain":"homelessokc"}
well for the reson that you don't understand that the credit and finance system is manipulated and those (everyone) under it's facade of power and sway are coerced under duress to react and function accordingly...yes a gun has been pointed ...robbery,extortion,fraud...people do what they think they must do,true ,ignorantly and under duress by deceivement.
The advent of the debit card is designed to give you a false sense of security...watch your interest bearing accounts dwindle before your eyes until they are just magickally deleted.Electronic Credits.
Get excited only when it concerns you? It will soon concern you.Unless you have all your assets in tangible goods...diamonds,gold,oil,water...etc. For you live in a facade designed by men who profit greatly off you...though that is not the goal or the agenda.
to enslave. to make one suffer. FEAR.
Absurdity is an understatement in regard as to how our financial system really operates.
1% of the world population owns 40% of the wealth.
50% of the worlds population lives on less than $2.00/day
This how...please read it and watch video.Then be aware.
Zeitgeist:Addendum;the Transcript...click here to read full length...to go along with your video and charts
Zeitgeist: Addendum,explains(video)
Society today, is composed of a series of institutions. From political institutions, legal institutions, religious institutions. To institutions of social class, familiar values, and occupational specialization.
It is obvious, the profound influence these traditionalized structures have in shaping our understandings and perspectives. Yet, of all the social institutions, we are born into, directed by, and conditioned upon.. There seems to be no system as taken for granted, and misunderstood, as the monetary system.
Taking on nearly religious proportions, the established monetary institution exists as one of the most unquestioned forms of faith there is. How money is created, the policies by which it is governed, and how it truly affects society, are unregistered interests of the great majority of the population.
In a world where 1% of the population owns 40% of the planets wealth. In a world where 34.000 children die every single day from poverty and preventable diseases, and, where 50% of the world’s population lives on less than 2 dollars a day… One thing is clear. Something is very wrong. And, whether we are aware of it or not, the lifeblood of all of our established institutions, and thus society itself, is money.
17:18
As dysfunctional and backwards as all of this might seem there is still one thing we have omitted from this equation. And it is this element of the structure which reveals the truly fraudulent nature of the system itself. The application of interest.
When the government borrows money from the FED or when a person borrows money from a bank it almost always has to be payed back with accrued interest. In other words: Almost every single Dollar that exists must be eventually returned to a bank with interest payed as well. But, if all money is borrowed from the Central Bank and is expanded by commercial banks through loans only what would be refered to as the “principal” is been created in the money supply. So then, where is the money to cover all of the interest that is charged? Nowhere. It doesn’t exist.
The ramifications of this are staggering for the amount of money owed back to the banks will always exceed the amount of money that is available in circulation.
18:52
An analogy would be a game of musical chairs: For the once music stops, somebody is left out to dry. And that is the point. It invariably transfers true wealth for the individual to the banks. For, if you are unable to pay for your mortgage, they will take your property. This is particularly enraging when you realize, that not only is such a default inevitable due to the fractional reserve practice, but also because of the fact that the money, that the bank loaned to you didn’t even legally exist in the first place.
21:41
Unfortunately such legal realizations are suppressed and ignored. And the game of perpetual wealth transfer and perpetual debt continues and this brings us to the ultimate question: Why?
22:24
an internal document circulated between private British and American banking interests, stated: “…slavery is but the owning of labor and carries with it the care of the laborers, while the European plan… Is that capital shall control labor by controlling wages. This can be done by controlling the money it will not do to allow the Greenback… as we cannot control that.”
is in fact a system of modern slavery.
24:08
Physical slavery requires people to be housed and fed. Economic slavery requires people to feed an house themselves. It is one of the most ingenious scams for social manipulations ever created, and at it’s core it is an invisible war against the population. Debt is the weapon use to conquer and enslave societies, and interest is it’s prime ammunition.
And as the majority walks around oblivious to this reality the banks in collusion with governments and corporations continue to perfect and expand their tactics of economic warfare, spawning new bases such as the World Bank and International Monetary Fund. While also inventing a new type of soldier, the birth of the economic hit man.
9/11 Mysteries Video/Google(1:30:42)
The Independent Thinkers 9/11 fact sheet pdf
9/11 Mysteries transcript/minutes pdf
At this site they ask that you use the resources...please!
courtesy of :
Help us help you.Be aware. realize.
Thank you.
{"commentId":3807492,"threadId":"405187","contentId":"2059639","authorDomain":"homelessokc"}
- 2 votes
{"commentId":3809836,"authorDomain":"acidreflux"}
I see that you are a Person In The Grip Of A Theory. My condolences.
{"commentId":3809836,"threadId":"405187","contentId":"2059639","authorDomain":"acidreflux"}
- 1 vote
{"commentId":3810483,"authorDomain":"homelessokc"}
Oh come on AA...you can come up with something better than that...character assassination?.
Not a theory.The truth of how things work.
Dispel that which is false by statement of fact! I know you think your "intellectual' so why not show an example here by exercising this "theory" of yours?
discredit me with an opinion? I gave you links and facts. Of course it might be your motive to discourage me and make me cry. okay..boo hoo hoo.Happy? That was for you.
Now really make me cry by shattering my world of delusion with fact.then i will happily go to the Asylum and your electronic credits may feed me.
I wish this was absurd.Alas,it is not.
I would be more than willing to be crazy if this would stop what these men will attempt.Murder and enslavement.
Pray that I am insane so that this tribulation does not come to pass on you and those you and I love.Now I cry.For you and them.wake up.Or not.Freewill?
{"commentId":3810483,"threadId":"405187","contentId":"2059639","authorDomain":"homelessokc"}
- 2 votes
{"commentId":3821823,"authorDomain":"mythman"}
'Spending currency one does not have' is an addictive disorder. I'm over it, but I don't have any credit to do it again even if I wanted to ...
kind of like that Monty Python sketch where the man argues in court for the right to choose not to have babies (although it's physically impossible for the man to get pregnant, he argues for the right to decide that for himself)
"I want the Right to Rob-Blind without Repayment!" lol That was a joke, but it's starting to sound more-and-more justified every day ... good thing 'the way things sound' is NEVER the final judgement!
{"commentId":3821823,"threadId":"405187","contentId":"2059639","authorDomain":"mythman"}
- 1 vote
#3 - Sat Nov 1, 2008 2:47 PM EDT{"canLink":false,"threadId":"405187","isPrivate":false}
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