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Forum Post: ONE BILLION DOLLARS A DAY in NEW Interest Rate Charges on 3 trillion dollars of Consumer Debt.

Posted 1 year ago on July 29, 2012, 6:41 p.m. EST by OccupyNews (1183)
This content is user submitted and not an official statement

Debt Neutrality could stop this 1 billion dollars a day in NEW interest rate charges by the very banksters Occupy Wall Street is protesting.

http://www.debtneutrality.blogspot.com/2012/07/americans-are-paying-one-billion.html

Please consider signing the petition. http://occupywallst.org/forum/debt-neutrality-petition-at-change-dot-org-please-/

12 Comments

12 Comments


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[-] 2 points by Builder (4202) 1 year ago

The criminality behind the federal reserve, and the failure of the congress "of the people", or their elected representatives to make any kind of changes to this farcical one percenter control mechanism, is an indicator that the people must make their own changes, or forever face poverty and slave wages to support the current biased system.

End the federal reserve. Convict and incarcerate corrupt banksters. Enough is enough.

[-] 1 points by OccupyNews (1183) 1 year ago

By the way, this is a very concise and well stated truth.

[-] 1 points by OccupyNews (1183) 1 year ago

Sure, but if the goal is end the fed or bust, my question is, why bust?

If you are battling an octopus, do you swipe off a tentacle whenever possible, especially if you know your cause is just, or do you stand your distance and just protest?

[-] 2 points by Builder (4202) 1 year ago

I'm just moving away from the mainstream lifestyle as much as I possibly can. Provide as much of my needs from my own efforts, and trade locally with people, rather than corporations. Run my car on recycled cooking oil, get power from the sun, catch water from the sky.

I know this isn't possible for everyone, but acting locally while thinking globally is what I can achieve short-term. It's not really anarchic, I know.

[-] 1 points by OccupyNews (1183) 1 year ago

Then we agree. More consumer debt does not make that possible. Instead people have to find really stupid jobs, jobs that really actually hurt the planet because they require further unnecessary consumption of valuable resources that then leads to wars.

Yes, interest rate charges accelerates war mongering because nations need the resources to keep some people busy doing pointless jobs.

Please consider signing the Debt Neutrality petition. http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans

[-] 1 points by Builder (4202) 1 year ago

Signed, and shared on Fb. Hope that's the right thing to do. Not sure about that place, but I don't do much there anyways.

[-] 1 points by OccupyNews (1183) 1 year ago

Thanks for doing that. I tried to post to your site and thank you, but I had no way to either friend you or post on your facebook page. Just thought you should know.

[-] 1 points by OccupyNews (1183) 1 year ago

Ok, I figured out how to friend you. Thanks for the like. Every like helps.

[-] 1 points by OccupyNews (1183) 1 year ago

Please like us on Facebook. http://www.facebook.com/DebtNeutrality

We have way more signatures on the petition than we have likes on Facebook.

[-] 1 points by OccupyNews (1183) 1 year ago

also known as ONE BILLION DOLLARS A DAY is going into the hands of greedy bankers, and that is just a residual payoff, meaning the 3 trillion dollars in consumer debt behind it remains unchanged, or is actually going up.

Please consider signing the Debt Neutrality Petition. http://www.change.org/petitions/congress-create-debt-neutrality-rights-for-paying-down-credit-cards-student-loans

[-] 1 points by OccupyNews (1183) 1 year ago

The point being that anytime anyone from government announces a "program" that is worth 5 billion, or 10 billion, or even 25 billion, it's all a drop in the bucket to the 360 billion dollars a year being drained from main street by wall street.

[-] 1 points by OccupyNews (1183) 1 year ago

Or, 50 million americans paying 20 dollars A DAY, EVERY DAY, just for the interest rate payment on that 3 trillion in debt.