Wednesday, September 28, 2011

How Banks are oppressing the World's Economy.

I've been a bank protest blogger for the past three years and just the other day I had a new moment of clarity, a defining moment on how banks are controlling society and in the process stealing wealth they did not earn.

I wrote about it on my Swarm The Banks Blog. I feel it is the most important article I have ever written because it spotlights the underbelly of how banks rule the world. You can find the article here.

The condensed version of that article is this simple, Whenever banks restructure a debt, it is considered a default.

Banks have no motivation, and may actually be constrained by laws they themselves have created, to change any debt unless they can financially punish the person or entity requesting the change in terms.

I believe there is plenty of wiggle room in which someone in debt, if they agree to pay off their debt, can have VAST AMOUNTS of the interest rate waived if their financial situation is dire.  

If you have ever loaned out money to someone, isn't getting the money back the more important than racking up insufferable amounts of interest, penalties and fees? 

Sure the banks need to make a profit, but it is pretty clearly that the banks are responsible for the present economic malaise, which was created by first artificially inflating home values, then plummeting them back down by close to 50%.

Right now, the government and the banks require that anybody requesting a change in terms to an existing loan of any kind be DEFAULTED before a change can be made. 

Don't believe me? Ask ANYONE who applied for the Home Affordable Mortgage Program, aka, HAMP, if they were not required to default on their existing financial agreement before the possibility of a new deal could be made.

Obviously being defaulted upon is like being scarlett lettered for future financial abuse and even when it comes to looking for a job!  

I believe if the public can agree that banks labeling any change in  terms a default is how the banking institutions are truly oppressing, then there can be ways to solve the problem through the present political system.

If there is a unity of message, there can be a clarity in presentation.

Allowing for a change in terms to an existing loan without it being called a default could be one of the most proactive things that could happen.

Tuesday, September 27, 2011

San Francisco area Protestors block the foreclosure sale of their homes at city hall auction, see video.

Video by Brenda Reed.

Notice one of the auctioneers making a smirky face to the camera as protestors chant, "Don't Buy Our Homes".

Many Homeowners are underwater because the economy tanked due to banks selling falsified investment derivatives, these auctions may indenture these same foreclosure victims for years to come by debt collectors, up to 20 years in Calfornia!

Then there are those who HAVE equity in their home and that equity is being stolen by the banks by these auctions. If you are jobless you cannot access home equity in your home. If you are a caretaker for another family member your home equity can be stolen by the banks.

There are 70 million americans who care take for another family member. There 15 million americans who caretake for a family member with alzheimers

If any one of these 70 million americans cannot work because they are caretaking for a family member and have fallen behind on a property tax bill or HELOC payment, they are in danger of being foreclosed upon even if their homes have hundreds of thousands of dollars of built up home equity still remaining in their homes.

Friday, September 16, 2011

Did Target spend millions for a corporate meeting? Can we ask Oprah, Beyonce, Taylor Swift, James Taylor, Tony Bennet, AND OTHERS who performed!

What did Target Corporation spend to lure some of the most famous celebrities on the planet to their corporate meeting? 

Do you think it may have been financed by Target Credit Card's insufferable 22.90% interest rate charge?  

I do.

Target tells it's Credit Card Customers to eat cake.

I do.  This is the epitome of corporate arrogance by Target, a supposedly straight shooter.  A company that likes to "give back" to local communities via their foundation.

It's a load of crap.  Target is charging its customers 22.90 percent interest on their credit card, and millions are hurting because of it.