Originally posted by Observor
reply to post by SurrealisticPillow
The banking system and its rules exist to retain people's faith in the currency.
or destroy it......
and well, considering what is going on in the world.....
I kind of think the bankers and wall street have obliterated just about any faith people may have had in the present currencies....including the
dollar. which is why china and others are dumping dollar for more tangible assetts, like gold, silver, real estate, ect....
most debts..ya, one should pay back. but I do believe that there are times and circumstances when has every right to walk away from them!!! for me
it is when I find that the person at the other end of the deal has dealt with no good faith, or when it's very much needed service that I know my
tax dollars are being used to provide that service to others, free of charge...like healthcare.....and I can sit down with paper and pen and show
outright that there is no way that it's affordable to me, or to my family!!!
I have a mortgage, a truck payment that I cosigned, a credit card (with only half the available credit used), and a med key card....
well, at the moment, I will do what is needed to see that the truck, the credit card, and the medkey is paid, simply bacause I feel that I was dealt
with fairly in those transactions....
the mortgage though, I ain't gonna go hungry over that one!!! since the shoddy way they have dealt with the paper work has probably tarnished the
deed to the house and decreased it's value a great deal!!! and well...like I already asked....just how many times should one be expected to pay for
one's mortgage?? me, my kids, and my grandkids will probably end up paying for it through taxation and inflation since the gov't has put trillions
into clearing the banker's mess up already!!! the ira accounts and pension funds were one of the dumping grounds for these toxic assetts, so well,
kind of paid for it there also, didn't we??
it's simplistic to say that we all should be paying our debts back, but well, when the terms of those debts make it impossible, or they are peddling
their wares to people who they know danged well won't be able to pay the money back....
well, it's kind of a useless statement to make, isn't it???
the gov't would have been better off just paying everyone's mortgages, it would have been cheaper in the long run, and it wouldn't have exposed all
the fraud that the bankers, realators, and wall street were involved in to the world!!!
then, maybe, just maybe, the american dollar would still have some integrity within it!!!
