Consumer Debt Trends Not All Roses, Says Collection Firm Johnson Morgan and White

This is exactly what I have been claiming, that overall consumer debt levels are higher because of third party debt collection activities and court actions.  Plus, cars have aged, that is why auto debt is down.

Consumer Debt Trends Not All Roses, Says Collection Firm Johnson Morgan and White

Please consider signing the Debt Neutrality Petition by by clicking here.

Chase Bank spits out a hairball class action lawsuit settlement regarding raising their customers monthly minimum payment by 150%.

Chase Bank spits out a hairball class action lawsuit settlement regarding raising their customers monthly minimum payment by 150%.

Please consider signing the Debt Neutrality Petition by by clicking here.

Our average debt is almost €10,000 now via @independent_ie, say Irish newspaper.

Our average debt (In Ireland) is almost €10,000 now via @independent_ie

It starts with a 2% monthly minimum credit card payment, and that small credit card monthly minimum payment erosion grows over time until it suffocates the middle class.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Moody's warns (Canadian) banks on ratings.

Out of control consumer debt is caused by 2% monthly minimum credit card payments.  2% monthly minimum credit card payments are as dangerous to society as cigarette smoking.

if Debt could be cut by 50% to 75%, then credit cards could raise their monthly minimum payments to 5%, and that would accurately and truthfully reflect what it means to have credit card debt.

Moody's warns (Canadian) banks on ratings

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Rising consumer debt may bode well for economy - Worcester Telegram & Gazette - telegram.com, gasp, more consumer debt is good, propaganda.

These types of articles come from those who support financial terrorism policies.

Hopefully more and more people are catching on to this obvious propaganda that is full of sound and fury signifying greed from the wealthy elite. The wealthy elite should be spending their money, not trying to put those already in debt, further into debt, so the wealthy elite can continue to soak an indebted society via interest rate charges on expanding debt, also known as never ending profiteering.

Rising consumer debt may bode well for economy - Worcester Telegram & Gazette - telegram.com

Please consider signing the Debt Neutrality Petition by by clicking here.

Summit reviewed indebtedness in South Africa

Seems to be a growing concern about consumer debt in England, Canada, Australia, and now South Africa. And the U.S. is already on that list as well.

Summit reviewed indebtedness in South Africa

Please consider signing the Debt Neutrality Petition by by clicking here.

WARNING, "Collectors Association Dispels Myths about Consumer Debt Collection", is a PR boilerplate article making the rounds.

It looks like a PR firm has come up with a boiler plate title "Collectors Association Dispels Myths about Consumer Debt Collection" and then spread the propaganda headline and article state by state, each State Collectors Association adding their own name to the front of the article!  

Example, Collectors Association Dispels Myth becomes Texas Collectors Association Dispels Myth, or Illinois Collectors Association Dispels Myth, or New York Collectors Association Dispels Myth...etc, and then this rebranded title change is farmed out to many media outlets in as many different states as possible.

First of all, they can refute myths, or disagree with myths, but they certainly can't dispel myths when only certain parts of the "alleged" myths are addressed!

Let me help the Collectors Association Dispel some additional myths by revealing how horrible their credit card debt collection practices can be.

For instance, Credit Card Debt Collection Companies have been known to use service companies who commit false service, this then leads to what can be viewed as mail fraud since the second service is put in the mail and mailed AFTER the swearing under oath is put in writing on the original, false service delivery. There can be no service by mail until an authentic original service is performed. 

Credit Card Debt Dollection Companies have very little leeway regarding the terms they can offer a debtor. Credit Card Debt Collection Companies first and foremost look for a lump sums settlement, which is usually ridiculous because if the debtor had money for a settlement they probably would have just kept paying down their debt instead. And of course, the IRS will deem any amount over 600 dollars of forgiven debt as INCOME.

Credit Card Debt Collection Companies can never put anything in writing!  All a consumer wants to know is if they start making smaller payments, their account will be frozen but at the amount owed when they could no longer make payments, with no more penalties, interest rate charges or fees; and if they start making smaller payments they will no longer be reported as delinquent. Credit Card Debt Collection companies cannot even make those two reasonable promises! Credit Card Debt Collection put NOTHING in writing other than what it is you are agreeing to pay, this is patently unfair and simply escalates the matter to an eventual one sided court hearing.

Credit Card Debt Collection Companies routinely attempt to report a debtor as "refusal to pay", so the account can be forwarded for legal action, even when the debtor does not refuse to pay! 

Credit Card Debt Collection Companies take debt collection actions on credit card accounts that cloaked FRAUDULENT pricing regarding debt suspension insurance. The result is the debtor had NO REASONABLE WAY to INSURE their account in the event of a family emergency or life crisis situation occurs because the Credit Card Protection Insurance charges were 20 to 30 times HIGHER THAN THEY SHOULD HAVE BEEN. 

The Credit Card Companies actually used severely over priced Credit Card Protection Insurance as a way to make obscene profits on their customers who were fooled into purchasing the credit card protection insurance product (credit card companies were recently assessed close to a BILLION DOLLARS IN FINES by the Consumer Protection Financial Agency for their marketing of credit card protection insurance).  By not purchasing the severely overpriced Credit Card Protection Insurance product the customer had significantly less legal grounds to protect themselves from a court action.

Maybe ALL Credit Card debt collection companies should be sued for enforcing a credit card debt claim that was caused because of credit card protection insurance fraud, hmmm.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

This Week is OccU-pied by DEBT! | OccupyWallSt.org

Important seminars this week about debt.  From October 15 through October 20, 2012, you can check out these important debt seminars.

This Week is OccU-pied by DEBT! | OccupyWallSt.org

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

This Week is OccU-pied by DEBT! | OccupyWallSt.org

Check out these Occupy debt seminars happening the week of Oct. 15, 2012.

This Week is OccU-pied by DEBT! | OccupyWallSt.org


Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Nordic banks a safe haven even as household debt soars

Nordic banks a safe haven even as household debt soars

Once again, one wonders what role the 2% monthly minimum credit card payment requirement is playing in the increase in household debt, even in Sweden and Norway, aka Scandinavian countries.  

2% monthly minimum credit cards are defective in this blogs opinion, with many of the same problems that cigarettes create for those who smoke them, such as addiction and eventual cancerous destruction of one's health or wealth.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

U.S. Consumer Debt back up to 2009 levels, that's not a good thing.

Here is a link to U.S. Consumer Debt back up to 2009 levels, click here for the full story.  

The higher consumer debt is, the less likely corporations who are cash rich will hire new people.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

The Insanity of Banking Foreclosure Policies, foreclosing on people who want to pay off their mortgage!

Please sign the Change dot org petition that advocates this family being allowed to pay off their home before it goes into foreclosure.

There must be a better way than jail for consumer debt - The National - United Arab Emirates

There must be a better way than jail for consumer debt - The National - United Arab Emirates.

Yes, there is a better way, it is called Debt Neutrality.

Please consider signing the Debt Neutrality Petition by by clicking here.

Consumer debt passed to Debt Collection Agencies has officially passed the £60 billion figure for the first time in the U.K.

Consumer debt passed to Debt Collection Agencies has officially passed the £60 billion figure for the first time in the U.K.

Got Debt Neutrality?  Nope.

Please consider signing the Debt Neutrality Petition by by clicking here.

Life After Debt: A Gathering of Refusal | OccupyWallSt.org

Life After Debt: A Gathering of Refusal | OccupyWallSt.org

This is a well written commentary on how we have been manipulated into thinking that debt was a good thing for our credit rating, and so on.

Please consider signing the Debt Neutrality Petition by by clicking here.

10 states leading in consumer debt

Most of these states could probably balance their state budgets easier if the giant sucking sound of consumer debt obligations were reduced via lower interest rate charges for those who would also agree not to run up new debt of an equal or higher amount.

10 states leading in consumer debt

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Is this a possible California In Pro Per credit card defense?

I am not a lawyer and am only recommending the credit card defense outline below for those filing in Pro Per who don't have a credit card defense in mind. However, the defense outline below should be true for your situation if you are to use it. 

It is possible that the credit card defense offered below might be better than doing nothing, since doing nothing will usually result in a default judgement against you. 

I am also assuming that the credit card defense below might be better than having good "excuses or reasons" for why the credit card debt went into alleged default. 

Apparently, the reason why the credit card debt went into default is irrelevant to the judge, OUCH!

Credit card agreements are adhesion contracts and California courts don't like "Adhesion contracts". However, adhesion contracts are alleged to be a necessary evil because they allow for millions of consumers access to the same type of product without adding huge volumes of business costs that would be incurred if each contract was individualized. 

So even though California courts do not like adhesion contracts, they want an additional reason to accompany why the adhesion contract should not be honored, and therein appears to be why it is probably difficult to beat a credit card company in court.

The following is a proposed argument one could use in in Pro Per in conjunction with the adhesion contract argument, using the unconscionability defense.

I believe that most people don't realize how unreasonable (aka unconscionable) credit card companies are when it comes to family emergencies, crisis, job loss, medical emergency, accident victim, or being a crime/identity theft victim. 

Most people only learn of the credit card company loan sharking mentality when it either happens to them, or they hear about about a friend going through the credit card loan sharking litigation process. Very few people actually know how evil credit card companies are when they sign an agreement.

When a credit card company believes that their debt matters more than any other debt, debts that can affect a person's home, their health, or the welfare of their own family, they NEED TO STATE THIS IN BOLD PRINT JUST THE WAY CIGARETTE COMPANIES DO in regards to cigarettes being hazardous to one's health.

Instead, credit card companies do the opposite thing, they use cute cuddly babies and friendly talk show hosts to lure people into using their product while never warning people that under no circumstances will the credit card company restructure a debt unless they also damage their credit rating first, ouch!

"Your honor, it is UNCONSCIONABLE for credit card companies to lure me into using their adhesion contract product without clearly warning me that there would only be a "debt restructure AFTER declaring me in default, and then having me face default because of a glaring defect in the credit card debt agreement."

The "debt restructure only after a default" is the holy grail commandment of the entire financial lending community. Debt Restructure only after a default is the time piece that keeps all bankers ticking in line with strict federal regulations and it also prevents favoritism shown to some debtors over others.

However, one has to ask, why does an adhesion contract based unsecured line of credit get to enjoy the same level of protection as secured debt such as a car or home mortgage agreement?

If an unsecured credit card debt can be converted to a secured debt via a court action, was it ever really an unsecured debt? 

If unsecured debt is convertible to secured debt via a court action, then credit card companies are motivated to simply get people to use their credit cards knowing that from that moment on in time, they win no matter what the consumer using their card does. And I'm ok with that, AS LONG AS THIS MOTIVATION IS ADMITTED IN WRITING AND IS IN FULL VIEW BY THE CONSUMER WHEN THEY SIGN THEIR AGREEMENT.

The more cynical will say, well duh, of course the credit card companies want to ensnare people into credit card debt, if you don't know that, you deserve what happens to you. But that standard does not apply when one buys a car. There are car lemon laws in place. The car has to work to a certain level of quality or the car is deemed "defective".

Even cigarette packaging now requires health warnings, why not credit cards?

The proof that credit cards don't work to an acceptable level of quality and are DEFECTIVE is in the monthly minimum payment requirement. A 2% monthly minimum payment is an absolute sure fire way for consumers to go too far into debt. 

The Credit Card ACT of 2009 noted that the monthly minimum payment of 2% was too low and now requires credit card companies to warn people on their monthly statements how long it will take to pay back a debt. 

But what about all the debt that already existed before the Credit Card ACT? Who warned these people that 2% of the total due was too small of a payment to make?

Just like the cigarette companies being forced to put health risk warnings on EACH cigarette product, credit card companies were forced to place warnings on their billing statements by the Credit Card Reform Act of 2009.

And just like cigarette smokers who smoked for years before being warned about the dangers of credit card usage, the damage has already been done to literally tens of millions of credit card users who simply made the requested and suggested monthly minimum payment of 2% and were never warned that this was a defective method of paying back a credit card.

Anyone who accumulated credit card debt before the credit card reform bill act of 2009 was given a defective product and new agreements should be negotiated with each and every customer who desires one.

Those new agreements should allow for the debtor to pay back their debt with no new interest rate charges, and at terms the debtor can afford, even if those terms require decades to pay back the debt.

I don't know if the "credit card 2% monthly minimum is defective" argument has ever been made in court. I am concerned that some attorneys become credit card defense boiler plate companies and use similar standards of defenses to try and get their client off on a technicality.

I worry that attorneys may be afraid to lose their ongoing boiler plate business by winning a huge precedent case and then losing subsequent business as a result.

I will give an example of a revolutionary argument in regards to false service that I don't think has ever been tried out of fear that it will hurt future revenues, in my next article.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Canada’s consumer leverage growth will not end well

Canada’s consumer leverage growth will not end well

I wrote a comment in the reply section to the above article link, and it has gone missing, how sad is that! I will leave a similar comment here just to show you what even those who claim to be warning about debt problems, will hide from the public.

Credit card debt needs to be incentivized in the following manner...The higher the percentage of the monthly payment made  versus the total due, the lower the interest rate charge assessed for that month.

This is a sample chart for the credit card low interest rate incentive idea.

1. Pay 15% of the total due for that month, pay ZERO percent interest.
2. Pay 12% of the total due for that month, pay TWO percent interest.
3. Pay 10% of the total due for that month, pay THREE percent interest.
4. Pay 8% of the total due for that month, pay FOUR percent interest.
5. Pay 7% of the total due for that month, pay FIVE percent interest.
6. Pay 6% of the total due for that month, pay SIX percent interest.
7. Pay 5% of the total due for that month, pay SEVEN percent interest.
8. Pay 4% of the total due for that month, pay EIGHT percent interest.
9. Pay 3.0% of the total due for that month, pay TEN percent interest.
10. Pay 2.5% of the total due for that month, pay TWELVE percent interest.
11. Pay 2.0% of the total due for that month, pay FIFTEEN percent interest.

This percentage of the monthly minimum credit card incentive payment method would allow banks to address how their customers are doing overall. If the percentage of customers opting for the lowest percent of the total due payment, increases, then the economy is struggling. 

However, the incentivizing of lower interest rates for higher monthly minimum payments promotes responsible consumer stewardship of debt, and that should be the new goal going forward for the entire world.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

From Zero Hedge, As HELOC Delinquency Rates Hit A Record, Are Student Loans Next?

One gripe I have with this Zero Hedge article that claims there is no debt deleveraging, just defaulting going on, is that there is no conclusion as to what is really going on. 

I believe what is really going is the government and bank's desire to destroy people's credit rating rather than restructure debts without declaring a default.

That's what this is all about, banks REFUSE to restructure consumer debt unless the debtor is first declared in default, even if the tanking of the economy and loss of equity values that chain reacted into people losing their jobs was a direct result of wall street home securitization fraud investment schemes, banks and the government just don't care.

The universal loss of equity has wreaked havoc with people's own personal wealth to consumer debt ratios, once again requiring a debt restructure, which will only happen if the debtor is scarlet lettered with a downgrade of their own credit rating, first, and then the banks may talk about a debt restructure.

From "Credit Today", Brit Families hamstrung by interest repayments.

Another must read article about the percentage of British discretionary income going towards interest rate charges (it's over 28%).

Dare I ask if that is before or after the Value Added Tax?

Click on image to enlarge.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

From Financial Post, "Our love affair with debt keeps Canada’s banks on top."

Warning signs are loud and clear, Canada may be the source of the last drop of economic blood that is being squeezed from the economic turnip before another huge worldwide "correction" occurs. 

In typical fashion, Canadian banks are "doing well" by imposing more and more inevitable debt death sentences to Canadian citizens. The Financial Post questions why Canadian banks are able to post double digit profits and higher dividends even as Canadians go farther and farther into debt.

Debt Neutrality Petition believes that as the wealthy get wealthier, the REINVESTMENT of their existing wealth requires more and more consumer debt. 

We have met the enemy, and they is the billionaires and trillionaires.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Consumer Debt in Canada, Low Interest Home Equity Lines are surging in popularity.

The Wall Street Journal in Canada is reporting that rising consumer debt is a bad thing because it is based on low interest rates on home equity lines. I guess the message there is it's better to just charge higher interest rates and make the lower classes poorer while risking less money.

Here's a question to ponder, how come there are all types of regulations to qualify for any type of loan, but there are no regulations on how to spend the loan money?

Why not cap the amount the homeowner can draw every month? Or, those who agree to a monthly cap get a lower rate, those who want all of their equity available instantly pay a higher interest rate?

Lets say a homeowner gets a 100,000 dollar home equity line. Why not tie in the interest rate charged based on how much they "draw" every month. The less the homeowner draws per month, the lower the interest rate, the more they draw per month, the higher the interest rate. 

For credit cards, why not tie the interest rate into what percentage of the total due is paid back? Pay back 10% of what is owed every month, get a 5% interest rate charge. Pay back only 2% of what is owed, get a 13% interest rate charge. 

Of course these ideas have to be incorporated from the time the card is started, and not suddenly changed. This incentive could be offered to existing credit credit cards if nobody is suddenly being charged more interest for making the 2% minimum charge.

It appears as if the banks, wall street and the government want risk free interest rate profits, so anybody who is paying high interest rate charges on low monthly payments is left alone, then turned into an indentured servant for life if they go into default.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Anthony Randazzo of Reason Magazine discusses consumer debt with Fox Business News, refer's to some homeowners as Toxic Debtors, ouch!

While I commend Reason Magazine's Anthony Randazzo's foray into discussing consumer debt on Fox Business News, when Randazzo begins to discuss Toxic Debt and the sub human owners who stink of it, I lose interest.

CLICK ON IMAGE TO ENLARGE IMAGE. 

CLICK HERE TO SEE VIDEO,

CLICK ON IMAGE TO ENLARGE.

Better still, shouldn't most consumers lose interest, as in the interest rate charges on their credit card and student loan debts so they can actually pay down their debts?

Toxic Debt is one of those happy go lucky terms, kind of like Soylent Green. See the movie if you want to know what Soylent Green is, but you can probably figure it out.

The insensitivity of calling a homeowner's debt "toxic" when their loss of equity was induced by home securitization fraud initiated by wall street, is one reason why Fox and the Republican party disconnects with the middle class.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

When a country like Canada appears to be doing well economically, it just means they have given out more credit to people who in the future won't be able to pay it back.

I thought Canada had a solid economy, one the U.S. should emulate.  Well it turns out that is just a myth. 

It seems to me that any country that has a solid economy is simply an economy that has extended more credit to more people who won't be able to pay it back down the road.

I believe it's called kicking the economic can down the road.

Click here to read about Canada and their rising mountain of consumer debt.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Final fantasies: The illusions of personal debt and Canadian consumerism

Final fantasies: The illusions of personal debt and Canadian consumerism

Interesting article about consumer debt in Canada. I think the author left out two very important conclusions. 

Firstly, super low credit card monthly minimum payments has led to too much debt.

Secondly, the ratio of equity to personal debt exploded around 2008 and governments around the world did nothing to offer any type of consumer correction. 

Hence, the reason for this blog dedicated to consumer debt and the Debt Neutrality Petition. 

Please consider signing the Debt Neutrality Petition by clicking here.

Why You Should be Concerned about Consumer Debt.

CLICK ON IMAGE TO ENLARGE. 
CLICK  HERE TO SEE THE VIDEO.

CLICK ON IMAGE TO ENLARGE.

I attempted to post about my Debt Neutrality Petition on the Reason Magazine Facebook site about a week ago. I don't recall if the post stayed on the page however.

This transcript is automatically generated from Fox News.

Experts -- thank you so much of economic concerns -- sent us President Obama makes that surprise appearance at the white house press briefing just moments ago.

My next guest says that though consumer debt should really have our attention Anthony Randazzo -- director of economic research at.

Reason foundation -- have you back on the show I don't know if you're able to listen to the president's comments but talking about the overall economic -- and fiscal policy and all of these things that you say that.

Consumer credit.

Our debt load -- soaring and it should be a forefront -- fixing the economy.

Absolutely and we talk about monetary policy -- housing policy.

You know whether we need -- more stimulus or not.

None of it actually matters that much when you're thinking about the accurate level of debt that were at thirteen trillion dollars put -- contact their -- so that's that is -- where we rat in 2007.

They kept going up a little bit we've had some deleveraging.

About 2.5 percent a year but the problem is in the past here.

It's slow down we're now at -- add that back that's willing to talk about now's it's really only about 1% a year sort of like.

Coming down with that means is that if you want to try and stimulate the economy as the Democrats do you try to put money people's pockets -- got so much debt.

There's going to be paying down -- they're not going to be consuming that can be buying.

Let's say year we want -- of Republican approach -- wanna cut taxes for small businesses or her households people are gonna take those tax cuts.

Pay down that slot small businesses -- bankroll come you know comes out of what individual.

And household balance sheets so now.

They are -- they've got all this debt to they're not going to be investing in business.

We're just start -- conversation because the present -- little bit tight for time you come back and we'll carry on with talk about some solutions, what can be done, Anthony Randazzo from Reason Magazine -- thanks.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Consumers have lost two to three times more money in home equity since 2006 than the total amount of credit card and student loan debt combined!

According to Chase Bank, consumers have lost around 7 trillion dollars since 2006 in home equity. Credit Card and Student loan debt is between 2 to 3 trillion dollars. 

In other words, consumers have lost almost two times more in home equity de-valuation since 2006 than the total amount of consumer debt in the form of credit card and student loan debt.

I find this revelation a stunning tragedy and one that needs to be mulled over by President Barack Obama as he continues to side with the banks and wall street on all issues related to the loss of wealth by main street.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Beyond money - Another appeal for debt forgiveness, Debt Neutrality does not believe in debt forgiveness, but rather interest rate charge, penalties and fees forgiveness.

Beyond money

Another attempt to get rid of debt rather than get rid of the interest rate charges, penalties and fees.

You are viewing Swarm The Banks. Please check out Parallel Foreclosure blog and UNfair Foreclosures blog as well.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Forum Post: Five Reasons Why Crisis Persists by richard wolff | OccupyWallSt.org

This is an excellent article by Richard Wolfe. Points one and two completely justify why the Debt Neutrality Petition exists and needs to be signed.

Forum Post: Five Reasons Why Crisis Persists by richard wolff | OccupyWallSt.org

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Wall Street Journal kind of sort of thinks it's ok that consumer debt has risen for the past 10 months.

I don't like the Wall Street Article, "Rising Student Debt Weakens Credit Story".

I don't like the article because the headline seems to perpetuate existing falsehoods about rising consumer debt. The article states...

If the consensus expectation for a 10.5 billion dollar expansion is correct, total consumer credit would finally return to a 2008 high of about 2.58 trillion.

This would be another reason for cheer following Friday's stronger-than-expected jobs report. A 10th consecutive monthly increase in such credit, which excludes mortgage debt, would show one of the economy's main engines is continuing to tick over despite concerns consumers have lost confidence recently. 

What I find terrifying about the above statement is that the article is stating that we are approaching debt levels that matched debt levels during the height of the economic crash of 2007 / 2008, as if it was a good thing.

Perhaps consumers have "lost confidence" because their neighbors are losing their homes, and perhaps that is because up to a billion dollars a day is being paid in interest charges only on U.S. consumer debt.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Click on any image below to enlarge text for that image.

  

Ogilvy New Zealand advertising agency wins consumer affairs and consumer debt account.

It will be interesting to see the end result commercials that Ogilvy New Zealand produces for New Zealand's Ministry of Consumer Affairs. The commercial messages will revolve around saving energy and on consumer debt.

New Zealand sounds like a responsible country that does not want to trick it's citizens into piling on debt so that the bankers can puff up their shoulders and say the world revolves around them.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

In Greece, the Rich Tycoons of the world are attempting to prop up interest rate payments by giving Money to Greece so Greece can give it right back to them!

Mish's Global Economic Trend Analysis has spotlighted the ludicrousness of Greece being given a loan just to pay the interest rate charges on its debt. 

Consumer debt and debtor nations are rapidly falling into the "Emperor has no clothes" story line. Everybody is just going along with the billionaire and trillionaire "kings" even as interest rate charges on all existing debt threaten to suffocate the world's economic climate.

This is literally turning into a drug lord actually giving his customers free drugs until the customers can figure out a way to rob someone else and bring the drug lord the next interest rate charge payment.

Crazy stuff for sure.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

What is Debt Neutrality?

Debt Neutrality would allow consumers to pay down their existing credit card debt and student loans with no more interest rate charges, penalties or fees as long as they do not create new debt of an equal or greater amount.

Debt Neutrality could also be applied to Federal debt as well. Every country cannot be in debt to other countries. This means the world is in debt to a handful of ultra rich people.

Isn't it time to simply pay what is owed, interest free, with no more penalties and/or fees, until consumer and country debt is at a MANAGEABLE LEVEL?  The obvious answer is yes.

Please consider signing the debt neutrality petition. You may not have unflinching debt, but there could be members of your own extended family who would never tell you about their debt.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Financial Terrorism thrives on consumer debt, in South Africa Consumer Debt is causing Suicides and Forced Prostitution.

The world's wealth should be shared in ways that don't produce debt slavery and prostitution. The world is now regressing socially as those with money are using it to force others into slavery and prostitution.

This is a very moving article about consumer debt in South Africa.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

When Good Intentions about Consumer and Country Debt YouTube video delivers the wrong message.

Hat tip to 4Foreclosure Fraud for finding the video below.

Besides the Red headed gal looking a lot like the lead, "Tessa, (aka "Jane Colburn Levy)" from Suburgatory, this video is doing what exactly?

It seems to me that this video is warning everybody that the countries of the world better pay their debts before there is a global economic failure.

If the entire world is in debt, then just whom are the world's countries in debt to, martians? It would appear that most of the world's debt is held by a select few elitist billionaires and trillionaires. 

Otherwise, if countries owned each other's debt, they could just cancel out each other's debt, no?  If all of this debt is owned by elitist billionaires and trillionaires, then Debt Neutrality would be an excellent way to reign in uncontrolled deficit spending, no?

Please sign the Debt Neutrality Petition at Change dot org. The Debt you save may be your own. And don't forget to like Debt Neutrality on Facebook.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

Excellent article on student loan debt that can take decades to pay back, even when the student finds a decent job.

A lot of stories about student loan debt focus on students who don't have jobs. One would think that if a person actually got a job, they could then pay down their student loan. 

However, some students might need time to either get a job, or work their way up to a decent paying job, and in the meantime, the interest rate charges keep accruing.

Connie Green is one such student. Even though she now has a good job, it may take her two decades to pay down her student loan debt. Connie makes some excellent points in the article. These types of articles, that have honest comments and observations, rarely make it into print. I suggest reading the article to anyone who cares about this country.

The Debt Neutrality Petition appears to be the logical solution once again.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.

At pymnts.com, it's always a good day when consumer debt rises.

It's important to expose the whorish behavior of financial institutions and websites who celebrate rising consumer debt.  

Today we expose PYMNTS.com. Payments dot com seems absolutely giddy reporting that consumers are "warming up" to the idea of going more in debt. 

I could not make such craziness up, these "rising consumer debt is a grand and glorious thing" websites actually exist! 

Debt Neutrality is encouraging you to be a stark lunatic raving mad supporter of Debt Neutrality on Facebook, Change dot org petition, and of this site simply because places like PYMNTS.com actually exist and apparently are clueless to the harm they are doing to society.

Please consider viewing and then signing the Debt Neutrality Petition by clicking here.