Forum Post: I propose that our gov bail out we the people by financing our homes at 0 percent as a penalty.
Posted 12 years ago on Jan. 24, 2012, 12:36 a.m. EST by freewriterguy
(882)
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I thought I got a good deal on my home at 5 percent until I saw 80 percent of my mortgageis going towards bank profits in interest.
....while your wages are declining and your property tax is increasing and the cost of food and education are increasing.
And the money for that is going to come from your ass?
The money can come from the rich banks as we seize their assets and distribute it to we the people, and call their loans paid in full.
great idea.. expect nothing less from you considering your intellectual prowess
This sounds so Islamic to finance at 0 percent. The U.S. regulation on interest were deregulated in the early 1980s to allow the banks to charge unlimited rates of interest nationwide on credit card balances if they do their business in the right states such as North Dakota. That is why JPMorgan Chase had you send your credit card payment to North Dakota. That state probably did that to attract jobs but now about 30 years later, the banks are still charging usury rates and North Dakota has become an oil-boom state. Is it not time for the usury deregulation to be revisited? Interest rate is the mechanism through which the elites enslave the populace. They create the credit and money out of thin air and loan that out for interest. They get a cut of the economy by having you use their financing. Anyone who works for money becomes a real sucker because the bankers get the free-loading through their voodoo magic with government collaboration. We should perhaps go to floating interest rates not more than 50% above the rate of inflation. This may dampen the accumulation of stresses that make recurrent financial crises inevitable.
The deregulation of the interest rates about three decades ago was to allow financial companies to dig themselves out of the Savings and Loan debacle akin to our recent mortgage crisis. Now three decades later and those Savings and Loan problems have long been sold off, written off, and paid off and the financial companies are still sucking the teats of the populace? Is there a pattern here? Recently, the federal reserve loaned these financial companies hundreds of billions of dollars and they instead held onto that collecting interest on U.S. treasuries. Rather than punishing them because of their causing the worldwide economic crisis, the U.S. REWARDED them with billions and billions of dollars of interest payments for nearly strangling our economy to death. For the Savings and Loan debacle, the U.S. did the same. We trained them well to suck and suck and guess who the real suckers are!
Yes and that's how these crooks get to own your home you can't keep up with the payments and they foreclose
How about the Govt. just give us the money to pay off our mortgages? Why not? Why should people have to pay for anything they use or own.
Come'on level the playing field,make it fair,give everybody a living wage in Govt. payments. Just for being a US citizen,we should all be given at least $6000 a month. Nobody should have to pay for anything period.
well, if that happened, then no one would go to work, and we would be right back where we started. But we could seize the banks and distribute their assets to we the people, calling our loans paid in full. Our government had a chance to do this but chose to bail out the banks, In Brittian, the parliment voted to break up 5 banks, and auctioned them off though. Im thinking we should have stayed under Brittain rule now.
Once again you do not fail to display the genius of your astute mind. I bow before thy
lol i cant tell if your kidding. but im guessing by your name that your pretty smart? ha ha ha
maybe this is a better answer? http://www.thesocialistrepublic.org/index.html