Posted 5 years ago on Aug. 11, 2012, 2:44 a.m. EST by DebtNEUTRALITY
This content is user submitted and not an official statement
I think http://www.occupynews.blogspot.com is an amazing tool for the 175 occupy groups to keep tabs on each other, instantly, via the 175 Occupy RSS feeds.
The blog can self run since the RSS feeds automatically update as Occupy groups from around the country and world update their blogs with new stories.
I am going to refocus my attention on Debt NEUTRALITY. http://www.debtneutraity.blogspot.com
There is only so much good that can come from exposing the badness of bad people.
I feel there is more good that can be generated by promoting methods that cut off the wall street octopus tentacles from our lives.
3 trillion dollars in credit card and student loan debt in the U.S. results in 1 billion dollars a day in interest rate payments to starving bankers on wall street.
Do I really care if a wall street banker goes on trial and to jail if I ignore ways to IMMEDIATELY help people in my own community? The answer is, I really don't care about punishing THEM as much as I care about helping US.
I'm going to focus on what I think is a powerful solution to cutting off one of the Wall Street tentacles, consumer debt, via the concept of Debt Neutrality.
Debt Neutrality promotes no more interest rate charges, penalties or fees on credit card and student loan debt. Eventually, Debt Neutrality could be applied to countries as well. Nations can't all be in debt to each other, it's a mathematical impossibility, rather they are in debt to a small group of super rich elite who can't stop themselves from making more and more money no matter who they harm.
But first things first, lets get Debt Neutrality momentum going in the U.S. What I like about Debt Neutrality is that there is no debt forgiveness in it so it neutralizes republican banter about liberal handouts. I also like that because someone stills pays back their debt, they don't have to apologize to anybody about anything.
Some people don't seem to realize that Interest rate charges on most purchased items can double or triple the cost of the product by the time the final payment is made. Others will never get out of "debt rent" specifically because of the interest rate charges.
As consumer debt drops because of Debt Neutrality, more money can be spent locally developing regional gadgetry involving the creation of energy generation products on a very localized level. An inventor located in a windy part of the country may invent a handy way to generate backyard wind energy, but someone one state over might have a way to use global warming to at least generate natural energy from it.
These local inventors can be funded by ourselves as the one billion dollars a day interest rate charges that is presently going to the starving bankers is instead rerouted by the will of what people want to do and invest in as their consumer debt burden lowers.
Please consider signing the debt neutrality petition... http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans