Max out your mortage..

[cigarlover]

The Democratic measure also would require the Treasury to use its status as the new owner of billions of dollars in mortgage-backed assets to reduce foreclosures by forcing banks to rewrite loans for distressed homeowners and forgive a portion of their debt.

Looks like you will be able to get a reduction if you cant afford it.. :confused_ma::confused_ma::confused_ma:

[sluggo]

Great time to buy a house if you are looking to abuse the system.

[Portmanteau]

Time for debt forgiveness for student loans and credit cards, too!

[silverghost]

I'd like a 70' yacht....I need a captain and crew, too.....and a fast car...and an airplane

[cosmolothrentas]

Time for debt forgiveness for student loans and credit cards, too!

I propose we start a "How To Abuse The System" thread.

Or are y'all gonna be do-gooder socialists come Monday morning? Don't make waves, etc. Right?

BS.

.

[chomper]

Abuse the system that has abused us for the better part of a century I say...

[Ares]

Create a concerted effort to abuse the system......... Not a bad idea. :D

I mean really what's the point in working, maintaining a good standing in the community you live in, have a nice house, pay all your bills on time, or pay off debts early if you don't have to do a damn thing and have the government do it for you?

[cigarlover]

You know it really makes it hard to argue about the abuses in the system when all of those said abuses dont even put a dent in what these people are doing today. If there was a way for me to scam the government out of a million tomorrow and stay out of jail i would be first in line. There is no incentive to do the right thing anymore and the constitution has been flushed down the toilet so what laws are really running this country? It a free for all. The Very person who designed all this crap(Well maybe not him but he was the CEO) Paulson, is now going to be the on in charge of 700 billion dolars so he can try and fix the mess he created. This guy should be hanging by his nuts from the nearest tree and have all of his wealth confiscated. Instead...arrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrgggggggg ggggggggggggggg.

Did you all catch that video posted earlier? Paulson went from being the CEO of GS to the treasury secretary and because of this he was able to put his 500 million in a trust tax fee.. Obviously some loophole only available to the elite.

[killer2021]

Seeing that I've paid 15% of my income in SS for the past 30 years and will never see a penny, you can bet your ASS I'll be in line.:D

I'm in line whenever I can get something for nothing. The more abuse in the system the faster we can convince people to get rid of it!

[Hivemindgammahydra7]

I wish I could abuse the system, but in the end I'd just be abusing people I care about - like GIMers, for example. Then there's the bad karma thing, too, so I just can't do it (but I wish I could).

Relative to the everyday Joe and "the way things work" in this country today, I guess I am a dummy.

[Curtman]

Better think twice about it. All those FEMA camps could become debtors prisons in a hurry. We have followed England's history this far. Where do you think we may be heading?

Somebody spelled Mortgage wrong in the title. Booboo...

[cigarlover]

Better think twice about it. All those FEMA camps could become debtors prisons in a hurry. We have followed England's history this far. Where do you think we may be heading?

Somebody spelled Mortgage wrong in the title. Booboo...

Whats sad is I didn't notice it until you pointed it out.. I do know how to spell it too..LOL

[Co6aka]

Abuse the system that has abused us for the better part of a century I say...

Payback is a bitch.

[Curtman]

Whats sad is I didn't notice it until you pointed it out.. I do know how to spell it too..LOL

I know you do, I just get so few chances to rib you on something I couldn't let it pass. :s9:

[buff01]

Time for debt forgiveness for student loans and credit cards, too!

I'm considering starting a credit card collection... no need to even bankrupt it if the inflation we're forecasting hits. You could pay it all off with an hour's wages in hyperinflated money.

[traderken]

It does seem like one way to revolt.
I could buy PMs with next months Mortgage payment :D
and I have been wanting one of them semi-auto shotguns:wink:
:applause_

[traderken]

Originally Posted by buff01
I'm considering starting a credit card collection... no need to even bankrupt it if the inflation we're forecasting hits. You could pay it all off with an hour's wages in hyperinflated money

That's what I'm hoping for. That's one way of resetting overall debt, inflate it away!

Can you explain to me(in a way a fifth grader could understand) How exactly this works? or give me link?

[traderken]

you mean I would need to be paid more , So that would make it easier to pay my Mortgage?

Cool Thanks sky trooper

bring it on!

[goddess]

Hyperinflation would only help if your pay rises, I don't see much of that happening right now because the core inflation rate is low( **Cough**)Don't think we're going all Zimbabwe because their government increased their wages along with inflation. Don't see that happening here at all. Don't go into debt, you'll regret it.

[Rebel Yarr]

Hyperinflation would only help if your pay rises, I don't see much of that happening right now because the core inflation rate is low( **Cough**)Don't think we're going all Zimbabwe because their government increased their wages along with inflation. Don't see that happening here at all. Don't go into debt, you'll regret it.

Some damn good advice right there IMO

[traderken]

we got 12 bucks over four years on our last contract.
but our next contract isn't for 3 more years.
Im sure we will get more then.
If were still here.

[Hypertiger]

It's going to implode to oblivion...the money supply of the USA is not inflating fast enough anymore due to consumers being maxed out.

It's 1 Trillion dollars behind what it needs to be at this point.

Even if Congress agreed tomorrow to send evey worker in the USA an emergency implosion postponement check for $6,493...it would only be playing catch up...

Sorry but consumers are maxed out and every day that passes are falling 5 billion dollars behind where they need to be.

Roughly 1.450 Trillion dollars until Christmas...This package of 700 Billion will maybe postpone the end of the global trade system for maybe 2 months or so....then more will be needed.

Consumers use their current income which is mostly previously created debt as collateral backing their requests for a commercial bank to manufacture new debt...

The new debt is their future income...

Kiss wage inflation goodbye...

Stage 1 of a compounding interest system is the inflation of debt and the destruction of savings.

Stage 2 is the deflation of debt and the destruction of equity.

Stage 3 is the bankruptcy of the banks, collapse of the economy/division of labor. and the consolidation of power.

The division of labor is going to get slammed with a combination of drastic pay cuts and reductions very soon...

[Curtman]

Sudden death overtime.

[Curtman]

So it's deflation? Sell our metals? Is cash (USD) king?


NO it is hyperinflation. Any time you flood the market with something it gets cheaper. The dollar is toast.

[Mined Games]

Better think twice about it. All those FEMA camps could become debtors prisons in a hurry. We have followed England's history this far. Where do you think we may be heading?



I agree with Curtman on this. Don't be lured into their trap.

[mattymo365]

No link Ken but let's say we have a Wiemar Germany Hyperinflation, when paper money lost almost all it's value, or maybe nothing that bad, just annual inflation of let's say 50%. Well if you have a debt for a mortgage of 150K it becomes very easy to pay it off since your paying it back with inflated dollars, since salaries would follow such inflation.

Sounds nice in theory, but really how hard would it be for legislation to get passed that allows them to adjust the mortgage balance for inflation? If there's any clear pattern here, it's that they always find a way to screw the little guy. I don't think they'd be so stupid as to leave this gaping loophole open.

[Brio]

I propose we start a "How To Abuse The System" thread.

Or are y'all gonna be do-gooder socialists come Monday morning? Don't make waves, etc. Right?

BS.

Seems to me it's the socialists that will demand a fair system long before the 'poverty is a choice' conservatives realize the short-sightedness of capitalism.

[son-of-curtis]

Here is the bottom line.. what is going to cause the "Max Pain" and you gim know what I am talking about..not just a squeeze, but the grip of the century on your nuts....

This is what the PTB have in store... so is it hyperinflation where everyone already knows how to spend something they don't have or is it deflation where without income or assets the poor J6p sees his 401k and pension plans nationalized with a RTC type of IOU placed into his account with a "guarantee" from the elite that he will be taken care of when his time comes....lol...

For all the talk on GIM about who and what the PTB are some here still think this is a pamby mamby group who will not be the worst nightmare that anyone can dream...

Dream on when the PTB finish what they have started there won't be any more talk of who and what they really are....you will know...