How many times have we heard that filthy lie, "It's for your own
good," as politicians and their owners overstuff their pockets and fat
stomachs at your expense?
Well, the other boot has finally dropped, and embedded in the rears of America's
families. We saw it coming; the first thud was a pro-big-money overhaul
of bankruptcy procedures that forces single mothers and workers unemployed by
federal free-trade sellouts to pay off their debts, even if they can't buy groceries
for their children. Debtors are forced to pay for indoctrination classes, even
if they are disabled or lost their jobs, where they are given a restructuring
plan to pay back debts after being 'allowed' a small amount for monthly living.
In factoring what your cost of monthly living is, you now cannot subtract what
you spend on food, transportation and clothing,
but must use limits that the IRS imposes, allowing them to rule what you 'truly'
need to live on with the same generosity they show elsewhere in their tax forms.
"Too bad," says the Fed, eager to suck up to the financial giants
that give Congress-critters massive campaign contributions and cushy retirement
The second boot-thud is from the "federal regulators" issuing "guidelines"
that credit card issuers are pretending are mandatory statutes forcing them
to ignore all previous contracts and starting January 1, 2006, to charge double
the minimum monthly payments for all credit
card balances. Want to know who these regulators are? They're said to be
the Board of Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, Office of the Comptroller of the Currency, and Office of Thrift
Supervision. Try finding the list of governing board members on any of these
sites. Although they're paid with our taxes, they're as elusive as Mafia dons.
Their new 'guideline,' which will often double minimum credit card payments,
will drastically affect many household budgets. And they don't care.
It doesn't matter that the Federal Reserve System is unconstitutional, never
authorized by our Founding Fathers. It doesn't matter that the FDIC is illicit,
nor has anyone heard of the manufactured "Currency" and "Thrift
Supervision" bureaucracies. They apparently exist only to bolster financial
mega-institutions and be a beard for Congress. Like Governor Jeb Bush of Florida,
Congress pretends it has no control and also whines, "Our hands are tied,
our hands are TIED!!" All that matters is that credit card companies are
tripping over themselves to obey this new and unconstitutional 'guideline' that
You can bet the ranch that banks are now raising their second mortgage percentage
rates for desperate families seeking to recover cash flow to buy such luxuries
utilities and gasoline.
Most credit card companies have been sending to consumers replacement credit
cards with new terms hidden in the unreadable fine print, saying that they can
charge whatever they want and raise the minimum payment to whatever they want.
After all, they own all the politicians,
regulators and judges. If you're one-day late paying them, your currently low
interest rate can immediately jump to as high as 29 percent. Statistically a
majority of people forced to suddenly pay hundreds more per month will fall
into making at least one late payment, then be hit with a huge rate increase
as well as fat late-payment penalty fees per incident.
It doesn't matter that you had a contract with the credit card companies to
only pay a certain percentage, the Fed says you need to double your payments,
"for your own good." How many times have we heard that filthy lie,
"It's for your own good," as politicians and their owners overstuff
their pockets and fat stomachs at your expense? NAFTA, GATT/GANN, and all the
legislation was 'for our own good,' and now after bleeding literally MILLIONS
of jobs from this country, the Fed is performing the coup de gras, the final
cut to the jugular of the already weakened, castrated bullock that is America.
Gasoline prices, home heating supply prices and now credit card prices have
all been weaponized by doubling them, intentionally crippling American
families so that they protest less the infamy and tyranny so glibly issuing
from the federal government. Weakened people living from hand to mouth, barely
existing from payday to payday, won't have the energy to fight far worse terrorists
than fundamentalists with guns. It's not an accident that the Fed can now access
all your financial, medical and employment records without probable cause nor
warrant. Americans who said nothing against the PATRIOT
Act, allowing the Fed to abuse the rights of imaginary terrorists have themselves
become terrorist suspects and now have almost no rights themselves. What goes
around, comes around. And boy, has this ten-ton omelette settled on our faces.
The rich and privileged in our government and big banks don't have
a clue how most working American families exist. Sure, the minimum
credit card payments prior to 1/1/06 are slower to pay off the principal, but
taking an extra $200 a month from families will force many to choose between
food and warmth or further debt. Those families who are out of money and out
of true representation in federal government will see monstrous late fees and
credit card interest rates soar to as high as 29%. It becomes clear that the
Federal Office of Thrift Supervision and the other federal tines on this antichrist's
pitchfork are not trying to clear consumer debt, they know full well that these
outrageous 'guidelines' will definitely INCREASE it. They know that this will
cause the tens of thousands of newly impoverished families to crawl to the same
government parasites, begging them for relief.
Not only does the new bankruptcy laws force poor people to pay their credit
card debt at their higher rates and all late fees, it especially makes it easier
for landlords to evict bankrupt tenants who are behind on their rent. The courts
now permit you to be evicted more quickly and easily, giving you less chance
to recover after a few months. Where are you going to live next without a deposit,
without a reference and without a snowball's chance? You saw what happened to
Katrina evacuees. Now look in the mirror and see the next victim.
We Irish Americans have heard all this before, from our grandparents who were
or knew victims of the Black and Tans that brutally evicted without mercy young
families, allowing the men, women and little children to die of exposure. For
the love of money is indeed the root of all evil.
Bankruptcies are up 50% more than in 2004. With the doubling of credit card
minimum payments based on a guideline, not law, we can expect them to triple.
Some observers are saying that the banking
institutions who own the Fed intentionally forced up natural gas and gasoline
prices and then administered their planned death blow of doubling credit card
payments. It seems that they want to confiscate homes across America, especially
those with low-interest mortgage rates that are limiting their profit potential.
After repossessing homes of thousands of families, they could be marketed with
much higher interest rates.
Those wage-garnished and/or evicted citizens that think that they can appeal
to a judge in court will find the same pro-government judicial advocacy that
lives in the hearts of the traitors on the U.S. Supreme Court. The majority
of the justices ruled in Kelo v. City of New London that government can take
any property it wants if there is a profit potential to government in yet more
taxes. And their owners, the big financial institutions, can evict and confiscate
homes from hapless families that could not pay double for their new 'guideline'
that is being enacted as if it were law.
What can anyone do if they find themselves backed into a corner, finding themselves
decimated by this illicit guideline? Some are saying to not play their game,
as in not paying for indoctrination courses, or even filing for bankruptcy,
since the deck is so stacked against it. After all, you're screwed for seven
What would happen if five million people suddenly stopped paying on their credit
cards at all? After all, the card companies broke their original contract, not
so? And where in the Constitution
is such actions by the Fed or by the banks authorized? Because if it isn't specifically
authorized in the Constitution, such powers remain with the spineless States.
Americans have lost all respect for our federal government, for our courts,
for our laws and especially for our pretend laws. All are unconstitutional,
not that you will ever find a judge that will agree.
Credit card agencies that intentionally issue large-limit accounts to consumers
that they damn-well know cannot pay are now trying to steal even the crumbs
of the cake. Like government, they are socialists who always live at the expense
of others and will one day face Judgment by Almighty God.
In the meantime, we will be canvassing each Congressional and Senatorial representative
to see if they will put a stop to this outrage. If not, we will put a stop to
their cushy careers and have a 'guideline' written that they cannot accept further
money or retirement jobs from any agency that contributed to their campaigns.
Keep kicking any dog and he will eventually bite your leg. That's a lesson
that the Users in our society have forgotten.
I hear many families plan to "Just say NO!" to usurious megacorporations
that have sucked them dry. If they can't handle the double payments and the
whopping interest rate penalty increases, they will just let the credit card
companies pay $400-an-hour lawyers for five million court appearances trying
to collect the uncollectible. Meanwhile the government will pay greater amounts
for court resources, all for a 'guideline' that benefits a few of the rich by
exploiting all of the poor.