Live within your means and you'll be fine.

What a bunch of indentured servants,
borrowing money you don't have and not for food or water but for Ipods and new cars that park themselves. Wake the F*** up America!

It's not even a matter of borrowing money. Over 90% of money spent in the U.S. is based on debt that is manufactured by the Federal Reserve Bank. Fictitious money created on the basis of debt. Even when you stick to cash, the money you are spending represents debt. There is little that one person can do other than abandon US currency altogether, and only barter for whatever goods and services required. Try telling the clerk at the gas station you'll trade him some turkey jerky for a tank of gas. These problems are far beyond personal decisions.

Regarding the Credit Card Topic, I have a question..

If someone was terminally ill and single with no assets, would you
advise him/her to accept a $5,000 Visa Credit Card offer and go
party with it? What is the advice of our esteemed members?

-CWM

I'd like to thank Widebody for his excellent post. posted on 3-1-2008 @ 03:42 PM

Thanks for doing such an excellent job of recording the scam that predatory credit card companies continuously perpetuate in the public. Most of the people I know, including myself, have fallen for this scam at one time or another, when we were young and gullible. It is a fool me once shame on you, fool me twice shame on me kind of deal, and these predatory credit card companies make a great deal of money scamming people the first time.

Most of us see the scam almost everyday in the mail, the pre-approved credit cards offers for 0% interest, but it is not pre-approved at all, before you have even opened the envelop they have lied to you. In this day and age, this must be the most common lie of all, don't worry, you're pre-approved, I just want to see how it feels, don't worry, I won't *#* in your mouth. They have no intention of giving you 0% interest, and they admit it in the fine print.

I think if was Jack-in-the-box who got it right, it is like selling a product that kills people, and providing a warning in the print print, and claiming that this is legitimate. It perpetuates a society of debt, a society of con artists.

I have no sympathy for people who knowingly and willingly get into debt over their head. Most of them are counting on bankruptcy, and that is wrong. Of course most of those people I have known who knowingly and willing get into debt over their heads have parents with money, and they are counting on mom and dad to bail them out.

What really makes me mad is that these crooks prey on young people, extracting a very expensive lesson for personal gain, and that is criminal. All of the people who profit from predatory lending should be send to prison and sodomized for a few years. Most of the young people who get caught in this scam are just trying to get buy, and think they are doing the right thing by building up credit, as Widebody points out, this is the biggest scam of the system.

I have no sympathy for predatory lending practices, and everyone who beats this system, I congratulate. We all wind up paying for this scam, not only through our taxes, but mainly through inflation. The prices of goods and services, including home and auto prices are all jacked up through these crooked lending practices.

Lightfordarkness is the black knight of this forum, his arguments have been completely disproved over and over again, yet he lays on the ground bloody and limbless claiming victory. Bluebyblue tries to neutralize Widebody's post post by claiming that Widebody does not fault the credit card companies, when he clearly points out what a scam the system is, shame on Bluebyblue.

Like dark_matter06, I too have been in the Tyler Durden mood for a long time, even before the movie came out, which is why I loved it. As far as I am concerned, fraud is every bit as vicious of a crime as armed robbery. As long as a sizable portion of our population continues to believe that fraud is an acceptable form of doing business, we will be a society without justice, and that is the real reason we are in such a decline as a society. We have become a nation of used car salesmen.

Credit Card companies are the devil..If Im late Iget charged 38.00 late fee and there have been times when I will mail them my payment and it sits in their PO BOX, Ive argued with these people constantly..They are lazy and do not check the darn PO BOX. Three credit bureaus?, These people are even worse than the devil, Why do I have three different scores, I go for aloan and that loan company uses the bureau that has me with the worst score.What they need to do is lobby to get rid of two and use one centarl credit bureau..Im so mad at these people..UGGHHHH..Thank you for listening

Pretty simple.

They're rationalizing.

If I'm going to have a foreclosure on my credit Its screwed anyway.

So if your going to get caught with your hand in the cookie jar, might as well have your hands on as many cookies as possible.

Rack up that debt then let it charge off......

Originally posted by jackinthebox
It's not even a matter of borrowing money. Over 90% of money spent in the U.S. is based on debt that is manufactured by the Federal Reserve Bank. Fictitious money created on the basis of debt. Even when you stick to cash, the money you are spending represents debt..

exactly so why the need to borrow even more of it than you're willfully gaining on you're own, incurring the additional interest place upon it, and often tangible collateral including car, homes, land and perhaps in our lifetimes if not already, organs, body parts and slave labor. the great paradox of money.