posted on Oct, 2 2009 @ 02:10 AM
I've heard quite a bit lately about the new "debtors' revolt." I've seen Youtube videos and posts in discussion forums about how the bad bankers
are making everybody's life miserable, so people should not pay their debts.
I'm not stupid and I'm not heartless. I realize that some people have accumulated debt due to difficult circumstances. I'm not talking about those
people. Those people are not the majority of Americans. Most people are in debt because of greed, stupidity, and a lack of self-control leading to the
demand for instant gratification.
People complain about the banks, as though some bank representative were standing by them every time they made a credit card purchase, forcing them to
take on debt for big-screen television sets and countless other useless trinkets.
The problem here, people, is NOT the big ugly banks. Yes, bankers are right up there with lawyers and politicians in my book: all cads, liars,
thieves. general b@%^@$ds. What else would you expect from them? Fish are wet. Crap stinks. Moneylenders are thieves. What's new about that?
See, my family and I live in a 25 year old mobile home that we bought for $7,000. It's clean, comfortable and safe. Mostly, it's MINE. I don't owe
a penny on it.
I drive a 1994 Dodge pick-up, my wife a 1998 Honda Accord. Both are in good repair, dependable and presentable. I own them, too.
I don't watch television, but my family does. On a 21" analog box that we bought second hand. I own it, too. It receives through a $40.00
digital-to-analog converter box.
The computer on which I read ATS was cobbled together from bits and pieces of older discarded or second hand computers, and I"m running Ubuntu, a
free OS, and its accompany open-source free software. The box is not state-of-the-art (though the software is), but it is more than adequate for what
I am in my mid-forties and I've always lived my life this way. I have always lived well within my means. I have never abused credit. I have never
been in debt for any extended period. The only two vehicles I bought on a loan were paid off early, as well the first home we had.
Now, people like me who have been responsible and careful with our money will suffer along with all the idiots who ran around for years buy CHINESE
CRAP and over-priced, over-sized houses on credit because they had to have it now.
If you must take some kind of action to protect yourself, do it. Try to lower your interest rates. If your creditors won't listen, then take whatever
steps you need to to protect your family from being thrown out into the street.
Buy, you are probably in debt because you were irresponsible and undisciplined. You are not a hero and this is not a "debtors' revolt." It's no
more than the logical results of years of thoughtless greed that was encouraged by a sick, materialistic consumer culture.
So, for goodness' sake, don't act like you're some kind of hero!!!!!! Don't act like you are carrying out some noble charge against the great
enemy. Just get on with life and take care of your business. And shut up about it.
And stop buying crap on credit!!!!!!