Americans Falling Behind on Credit Card Payments at Alarming Rate

reply to post by LightinDarkness


I have already proved you to be a liar. I challenge you to do the same. Again it is clear that you are using disinfromation tactics instead of discussing the issue.

reply to post by jackinthebox


More lies. That you want everything that shows you are wrong to be lies does not equal reality. I still await any evidence you have. I am sorry that you have none. I wouldn't let little things like facts get in the way of your distorted and perverted worldview.

reply to post by LightinDarkness


I'm going to advise you both put each other on the Ignore list and simply stop all forms of communication (bickering) completely.

Originally posted by jackinthebox
reply to post by citizen smith

 

I have to disagree with you based on your inclusion of "basic need" as an emotional factor.

Would you agree that agressive/predatory/false advertising and lending practices have fueled this emotionally based drive toward self-gratifying spending based on one's own measurement of their worth?

Is it your opinion that Americans have not been given the pay raise they deserve, and therefore decided to put that raise on credit?

Basic Needs can be thought of as those factors defined by Maslow...



with credit being used as the tool to ensure that those basic human needs are met. When the most basic of essentials such as food is being bought using credit cards because it bridges the shortfall in income and outgoing then it should be seen as a very real indicator that there is trouble on the horizon.

Other needs based on self esteem, and can be considered just as equally valid as the more primitive need to provide food, warmth, clothing, and shelter. and this is where advertising steps in to manipulate those needs.

Marketing and TV advertising has evolved into a highly sophisticated artform that pinpoints and distorts human psychological desire, and can be considered a prime factor in manufacturing the need to aquire to staisfy the soul.

It has been pointed out in another thread on the effects of advetising on children that the average 10yo can identify upto 400 brand logos, the damage has already been caused and the banks/lenders will be queuing up to bombard that child with offers of credit as soon as they turn 18 in order to put those years of media-breastfeeding and consumer-conditioning to good effect


[edit on 6-1-2008 by citizen smith]

reply to post by citizen smith


A most excellent presentation!

I stand corrected, arguing that basic needs are seperate from emotional needs. I understood that not having things such as food or shelter will likely create an emotional response, but I had not considered emotional well-being as part of human needs.

I think this highlights a deeper problem running through our society. People are forced to put their emotional needs behind the most basic physical needs of survival, to the detriment of the overall mental health of our society. People are being denied the right to fulfill their quite human emotional needs, which would of course lead to a variety of henious crimes at the worst, and a generally poor attitude at best. No wonder the clerks behind the counter have gotten more nasty and less helpful over the years.

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!

reply to post by dark_matter06


You wake up dude....give your same advice to the banks. Dont lend any money you dont have and the populace wont be stuck in a never ending battle of debt with the crap end of the stick. This isnt about blame....they play the game and manipulate the rules so that they will win in the end just like casinos do in vegas. The only difference is that there are more laws governing gaming then there should be in the credit industry.
Wake up america is right....understand that banks are not on your side and benefit from your misfortunes which is highly enethical. We would love to pay our debt but first prove to me that they actually had the money to lend me in the first place.

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.

reply to post by GUICE2


Without you borrowing money you don't have from them how would the banks stop you? How would they even have most of their money? They only exist because of the growing desire to have things you not only don't need but too have 2 or 3 of them in different shapes and colours. With the f'ed up economy I can see the need to borrow money for a home but come on, where do we draw the line?

I'm sorry I've been in a Tyler Durden mood for years now waiting for the rest of the world to wake up. Maybe a reset button is the only way, crash the credit system, economy and have EVERYONE hate you while you commit voter fraud. You would think any one of those would have been the reset button but oh wait, here's a higher credit line for you, go buy some magazines so you can read about Brittney Spears. The sheeple go back to sleep.

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

reply to post by dark_matter06


Exactly...the biggest problem is the fact that no matter what we do we perpetuate the system even when we get paid! Thats the point...even if you dont have any debt you still owe your share of the national debt and pay it via income taxes. The money you use also represents that dept directly as jack pointed out before. So the only way is exactly what tyler proposed in fight club....reset the clock to zero. Unfortunately we are in too deep....everyone will be poor and starving. That is unless of course we band together and stop relying on corporations to give us what we need. We will have to revert to an agrarian society at that point but maybe not. Maybe science has something in store for us like perpetual motion machines or cars that run on water. When the time comes, the oppressors will fall and we will prevail.

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......

I wish there was an easy way to get rid of credit cards from our financial system, I see no long term benefit in using credit cards. How does paying interest help our economy. I am 68 years old, I saw this whole financial fiasco coming. Now the taxpayers are suppose to help those losers who can't manage their finances. Why???
But you say: The credit card Companies will go under, so what. Some Banks will go under, serves them right. Not all Banks will collapse, only the greedy ones.

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.