I might even be inclined to take it a step further, especially with the gross irresponsibility of the banks.

Everyone default, just don't pay them any money - if you have money withdraw it, see what happens? Seemingly, I've seen world events get a lot worse over the past 12 months, (lol) if ATS is anything of a yardstick then the **** is already starting to hit the fan, how about the people refuse to take it?

First thing is first.
For a group of people to make a run on the banks (which is what we are talking about here), people need to liquidate any bond holdings they have well in advance.

If this applies to anyone in the group, it should be considered first and foremost.

In fact, if you still have bond holdings, I'm wondering why at this point.

Hell, I can take tissue paper, foam balls, string and sticks and make a KILLING at the crafts fairs.
For instance.

It depends on your BRAINS not your economic knowledge.

I can take pine lumber, a band-saw, some nails and router and make a killing also.

These things I have done. And turned INCREDIBLE profit. So much so that I don't need credit.

I stay afloat without it. And I do fine.

There is a glaring error in that rant. She can pay off the principle at any time and completely eliminate the interest. Then she can just cut up the card and cancel it. B of A gets no interest and she no longer does any business with them.

The fact she want's a reasonable payoff is that she can not pay or she would.

Only one of my cards raised my rates. I canceled it and they offered me a card at a great rate the next month. That makes me skeptical of these rants we see so often.

It is really simple. If you don't run up credit card debt you can not afford and you pay in full every month, you pay no interest and only pay a small annual fee for the convenience. It is that simple. Any debt you run up you can not afford is your fault. If they raise your rate you cancel the card.

The banks can only get to you if YOU let them by spending more than you have.

She made that video because she knows she is not going to pay so she is looking for others to agree to calm her conscience. She clearly spent more than she could afford or she would not be paying any interest at all. What part of that is not her fault?

Yes B of A is clearly a bad Institution. Yes the Government should have let them fail. No this woman's overspending is not their fault or responsibility.

Originally posted by JayinAR
Hell, I can take tissue paper, foam balls, string and sticks and make a KILLING at the crafts fairs.
For instance.

It depends on your BRAINS not your economic knowledge.

I can take pine lumber, a band-saw, some nails and router and make a killing also.

These things I have done. And turned INCREDIBLE profit. So much so that I don't need credit.

I stay afloat without it. And I do fine.

That's not a viable business. That's making a few bucks on the side.
Do you pay taxes?
Do you do your own accounting or do you hire an accountant?
Do you have a corporation? S, C, LLC ? etc..
An EIN # ?
How do you figure your wages so you can write a paycheck?
How do you get the money into your corporate account?

I could go on for pages if you like

[edit on 9-9-2009 by jfj123]