Tuesday, July 31, 2012

50 MILLION AMERICANS are each paying the poor starving bankers 20 dollars every day of their lives because of 3 trillion dollars in consumer debt.

Hi, Won't you 50 million americans keep helping our misunderstood bankers by paying the interest rate charge on 3 trillion dollars of consumer debt each and every day for the rest of your life? 

Your gift of 20 dollars per day, everyday, buys the bankers the peace and tranquility they need to tolerate dealing with the rest of us when it comes to tanking the economy and then forclosing on millions of homes. 

Or, you could maybe not want to keep paying 20 dollars a day for the rest of your life and start fighting back. Please sign the Debt Neutrality petition by clicking here.  Please like us on facebook as well.

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

Sunday, July 29, 2012

Americans are Paying ONE BILLION DOLLARS A DAY in Interest rate charges on 3 trillion in Consumer Debt!

The U.S. government has successfully hidden hundreds of billions, and it could very well be into the trillions of dollars in written off credit card debt. The problem is the people that actually never paid off the written off credit card debt still owe most of that money AND their credit rating is lowered so any future loans will be at ultra high interest rates.

So while the press spins consumer debt at around 900 billion to a trillion in credit card debt and student loan debt at around a trillion dollars, There most likely is ANOTHER trillion dollars in consumer debt lurking, but hidden from the media.

So what does 3 trillion dollars cost the public every year in interest rate charges? How about around 10% compounded daily?  We'll call it 330 billion a year. But when we add in fees and penalties, another 30 billion can be added.  

The result?  360 billion dollars a year in charges that don't pay down the principle, approximately 1 billion dollars A DAY, EVERY DAY!

So when anyone in government talks about a billion dollars in yearly waste, or a 10 billion, or 25 billion dollar program, they are basically laughing at you.