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Debt Paying Strike

Discussions about the economic and financial ramifications of PEAK OIL

Re: Debt Paying Strike

Unread postby kpeavey » Mon 25 Aug 2008, 15:15:46

The Fed does not use taxpayer money, they create it out of thin air.
Now get to work.
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Re: Debt Paying Strike

Unread postby Roccland » Mon 25 Aug 2008, 15:30:17

$this->bbcode_second_pass_quote('basil_hayden', '')$this->bbcode_second_pass_quote('kpeavey', 'D')ebt, as defined by Chris Martensen in his Crash Course video series, is a claim on future human labor. When the money goes down, the only way to recover the debt will be to be place the debtor into indentured servitude until the debt is repaid.
You owe the credit card company.
The credit card company owes the bank
The bank owes the Federal Reserve.
The Federal Reserve becomes the de facto clearing house for conscription. Get the hell out of debt.
AHA! If I owe the credit card company, and they own the bank, and they own the Fed, and the Fed uses taxpayer money to bail the rest out, and I'm a taxpayer, then I've already paid the credit card company. SO THERE!

You have paid...your kids have paid...and their kids will pay.
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Re: Debt Paying Strike

Unread postby Snowrunner » Mon 25 Aug 2008, 16:07:59

$this->bbcode_second_pass_quote('Cog', '1')) When you give a man your word, you keep it no matter what the cost to you.

See, I lived by that for a long time to. Until I realized that I was pretty much the only one who did.

These days, I am very careful to give my word and really rather pass up on things / ignore things than having to chose between acting according to my word or breaking it.

Having said this: If I am being screwed over by someone I gave my word my obligation to that person / organization expires too.
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Re: Debt Paying Strike

Unread postby Tyler_JC » Mon 25 Aug 2008, 16:14:38

$this->bbcode_second_pass_quote('basil_hayden', '')$this->bbcode_second_pass_quote('kpeavey', 'D')ebt, as defined by Chris Martensen in his Crash Course video series, is a claim on future human labor. When the money goes down, the only way to recover the debt will be to be place the debtor into indentured servitude until the debt is repaid.
You owe the credit card company.
The credit card company owes the bank
The bank owes the Federal Reserve.
The Federal Reserve becomes the de facto clearing house for conscription. Get the hell out of debt.
AHA! If I owe the credit card company, and they own the bank, and they own the Fed, and the Fed uses taxpayer money to bail the rest out, and I'm a taxpayer, then I've already paid the credit card company. SO THERE!

Hahaha. That's a good one. 3 brownie points for Basil!

Should I merge this thread with the other threads of the same topic?
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Re: Debt Paying Strike

Unread postby Roccland » Mon 25 Aug 2008, 16:16:52

$this->bbcode_second_pass_quote('Tyler_JC', '')$this->bbcode_second_pass_quote('basil_hayden', '')$this->bbcode_second_pass_quote('kpeavey', 'D')ebt, as defined by Chris Martensen in his Crash Course video series, is a claim on future human labor. When the money goes down, the only way to recover the debt will be to be place the debtor into indentured servitude until the debt is repaid.
You owe the credit card company.
The credit card company owes the bank
The bank owes the Federal Reserve.
The Federal Reserve becomes the de facto clearing house for conscription. Get the hell out of debt.
AHA! If I owe the credit card company, and they own the bank, and they own the Fed, and the Fed uses taxpayer money to bail the rest out, and I'm a taxpayer, then I've already paid the credit card company. SO THERE!
Hahaha. That's a good one. 3 brownie points for Basil! Should I merge this thread with the other threads of the same topic?

no
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Re: Debt Paying Strike

Unread postby dsula » Mon 25 Aug 2008, 16:46:06

$this->bbcode_second_pass_quote('Roccland', 'Y')ou have paid...your kids have paid...and their kids will pay.

No, you consume, your kids consume and their kids will pay.
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Re: Debt Paying Strike

Unread postby MadScientist » Mon 25 Aug 2008, 16:49:14

$this->bbcode_second_pass_quote('dsula', '')$this->bbcode_second_pass_quote('Roccland', 'Y')ou have paid...your kids have paid...and their kids will pay.
No, you consume, your kids consume and their kids will pay.

We're all gonna pay.
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Re: Debt Paying Strike

Unread postby BlueGhostNo2 » Mon 25 Aug 2008, 18:00:40

$this->bbcode_second_pass_quote('Tyler_JC', 'S')hould I merge this thread with the other threads of the same topic?

You could do but it wouldn't prevent the forum from now being as Doomer pr0n as all the others. Ah well, time to change my reading strategy again.
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Re: Debt Paying Strike

Unread postby Roccland » Mon 25 Aug 2008, 18:41:08

$this->bbcode_second_pass_quote('BlueGhostNo2', '')$this->bbcode_second_pass_quote('Tyler_JC', 'S')hould I merge this thread with the other threads of the same topic?

You could do but it wouldn't prevent the forum from now being as Doomer pr0n as all the others. Ah well, time to change my reading strategy again.


When one squints - DP and Realism become one and the same.

Is Monte off banment?

Some need to take his remedial class again I am noticing around here.
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Re: Debt Paying Strike

Unread postby Dreamtwister » Mon 25 Aug 2008, 19:07:53

$this->bbcode_second_pass_quote('Cog', '1')) When you give a man your word, you keep it no matter what the cost to you.


$this->bbcode_second_pass_quote('Nicolo Machiavelli', 'T')herefore a wise lord cannot, nor ought he to, keep faith when such observance may be turned against him, and when the reasons that caused him to pledge it exist no longer. If men were entirely good this precept would not hold, but because they are bad, and will not keep faith with you, you too are not bound to observe it with them.

-The Prince, chapter 18
The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche
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Re: Debt Paying Strike

Unread postby nobodypanic » Mon 25 Aug 2008, 21:03:13

$this->bbcode_second_pass_quote('kpeavey', 'T')he Fed does not use taxpayer money, they create it out of thin air.
Now get to work.

you want me to go into slavery for something they pulled out of their rear? :lol:

hell, i thought only god was supposed to be able to create ex nihilo.
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Re: Debt Paying Strike

Unread postby nobodypanic » Mon 25 Aug 2008, 21:09:13

$this->bbcode_second_pass_quote('Dreamtwister', '')$this->bbcode_second_pass_quote('Cog', '1')) When you give a man your word, you keep it no matter what the cost to you.

$this->bbcode_second_pass_quote('Nicolo Machiavelli', 'T')herefore a wise lord cannot, nor ought he to, keep faith when such observance may be turned against him, and when the reasons that caused him to pledge it exist no longer. If men were entirely good this precept would not hold, but because they are bad, and will not keep faith with you, you too are not bound to observe it with them. -The Prince, chapter 18

i just want you to know that i am impressed. excellent work. you have certainly convinced me. :P

the whole thing has been nothing more than a huge scam. sure go on and blame the lowly individual; the same individual who has, since the moment of his birth, been bombarded and saturated w/the most subtle and sophisticated brainwashing and social engineering methods in history: since day one his brain has been fed the system's prime imperative--consume! and he has. and now look.
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Re: Debt Paying Strike

Unread postby perdition79 » Mon 25 Aug 2008, 21:24:50

$this->bbcode_second_pass_quote('Roccland', 'W')hat prevents The American People from deciding to go on a general "debt paying strike", flatly refusing to pay any principle or interest to any creditor, all of which are directly and indirectly your banking buddies, until you leave and we get someone responsible to take your job?

Comfort. Complacence. Order. These are the things preventing Americans from bringing down the banking system. I'd love to see a world where everyone gives up on debt repayment -- instant fast crash. Problem is, this consumerist chattel of a populace are fed, clothed, sheltered, and entertained by the inescapable debt system. It's a form of slavery that people have tolerated for so long that they don't even notice it.
$this->bbcode_second_pass_quote('Dreamtwister', '')$this->bbcode_second_pass_quote('Cog', '1')) When you give a man your word, you keep it no matter what the cost to you.

$this->bbcode_second_pass_quote('Nicolo Machiavelli', 'T')herefore a wise lord cannot, nor ought he to, keep faith when such observance may be turned against him, and when the reasons that caused him to pledge it exist no longer. If men were entirely good this precept would not hold, but because they are bad, and will not keep faith with you, you too are not bound to observe it with them.-The Prince, chapter 18

Agreed. An unconditional code of honor is foolish at best, adherence to one is a peasant's attempt at nobility. Honor has no place in a dishonorable world.
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Re: Debt Paying Strike

Unread postby MrBill » Tue 26 Aug 2008, 03:52:04

The sooner the common man defaults on his debts the sooner we will return to a cash society where only those with money will be able to borrow money, and where you will need money to make money. Cash will be king and we will return to The Golden Rule. So go ahead and stick it to the man. It was a mistake in the first place to assume the common man could handle credit responsibly.
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Re: Debt Paying Strike

Unread postby Micki » Tue 26 Aug 2008, 04:48:17

$this->bbcode_second_pass_quote('MrBill', 'T')he sooner the common man defaults on his debts the sooner we will return to a cash society where only those with money will be able to borrow money, and where you will need money to make money. Cash will be king and we will return to The Golden Rule. So go ahead and stick it to the man. It was a mistake in the first place to assume the common man could handle credit responsibly.

What do you expect with the main financial chanels spewing out 24/7 deficits don't matter, we just got rid of the lower class jobs to China and evolved, property only goes up, we are in goldilocks economy, subprime doesn't impact our ecomomy .....I guess I don't ahve to go on, you already know what I am talking about.
To balance this off you have people like Peter Schiff being laughed out by teams of show hosts and analysts. And whenever it was Ron Pauls turn to say anything tv shows cut to commercial or studio commentary.
How could the outcome be anything but ignorance?
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Re: Debt Paying Strike

Unread postby MrBill » Tue 26 Aug 2008, 05:32:41

I don't expect much and I am seldom disappointed. It is my observation that people are pretty sharp when it suits them, but they often take no interest in those things that are important. If you track the most googled terms on the Internet you can readily see where people's priorities truly lie. As they say, ignorance of the law is not a valid defense. But it does not matter what I think. Once enough people default on their debts problem solved.
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Re: Debt Paying Strike

Unread postby Roccland » Tue 26 Aug 2008, 09:05:34

$this->bbcode_second_pass_quote('MrBill', ' ')Once enough people default on their debts problem solved.


Perhaps

It is going to happen anyway...whether one pays as promised or not.

If one stops now...one has a chance to get some food socked away and maybe can outrun the second wave (that is the most dangerous)...

Otherwise it is 500MPH into the brick wall.

Really has ZERO to do with handling credit responsibly.

It IS going to happen to you Mr.Bill.
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Re: Debt Paying Strike

Unread postby MrBill » Tue 26 Aug 2008, 09:12:18

Physical Reality > Economic Consequences > Social Reaction > Political Response > Feedback Loop > New Reality > Etcetera

I cannot insulate myself from the Social Reaction or the Political Response other than to vote with my feet, but I have taken care to make sure the Economic Consequences of the coming Physical Reality are well and truly hedged to the best of my resources. Otherwise I would not waste my time posting here, but would be further preparing. So please do not lose any sleep worrying about poor me! ; - ))
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Re: Debt Paying Strike

Unread postby Roccland » Tue 26 Aug 2008, 09:14:51

$this->bbcode_second_pass_quote('MrBill', '[')b]Physical Reality > Economic Consequences > Social Reaction > Political Response > Feedback Loop > New Reality > Etcetera

I cannot insulate myself from the Social Reaction or the Political Response other than to vote with my feet, but I have taken care to make sure the Economic Consequences of the coming Physical Reality are well and truly hedged to the best of my resources. Otherwise I would not waste my time posting here, but would be further preparing. So please do not lose any sleep worrying about poor me! ; - ))


No worries Mr. Bill.

People need to start prepping (default if they have to)...

This benefits you because less folk will want to steal your stuff and shoot your kids.

Problem solved.
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Re: Debt Paying Strike

Unread postby MrBill » Tue 26 Aug 2008, 09:20:06

RE: not stealing my stuff and shooting my children:

That would be good, right? Maybe that is why I spend so much time here trying to get folks thinking about the real problems instead of raging about the symptoms?
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