Debtors Revolt - Stick It To Wall Street

[Joanne98]

Run time: 03:09 https://www.youtube.com/watch?v=3ukWemFtwC8   Posted on YouTube: October 07, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: October 07, 2009 By DU Member: Joanne98 Views on DU: 866

 

[Devil_Fish]

1. Like this would work.

maby if every one did it, but ever one won't and the few who do will have their car repoed, or their house forclosed, or just make the paments up with an additional late fee in a couple months there by making the corps even richer.

the only way to really do it would be to pay off all your debt there by denying the corps the intrest payments on your debt.

I did this when I realized how much I was paying in intrest on my cc's. I payed them off and closed the accounts. it's not easy. the bankers don't make it easy cause they want you in debt. indentured survants. Peasants.

I wish ever one would do it, and bring down wall street, but they won't. nice video/monologe. Good luck with that. really.

[debbierlus]

2. It WILL happen, but not by choice.

I agree. People won't do it. They will be too frightened. Any voice that would be convincing enough to lead a movement would be immediately locked up.

It will happen. We can't continue to borrow and spend forever. When the dollar is no longer the dominate currency and other nation's refuse to finance our debt, the shit will hit the fan. People won't be ABLE to pay their debt.

[pipi_k]

3. Where's the middle ground?

OK I heard about the victimizers...Wall Street, etc.

I heard about the victims...ordinary Americans being screwed over by Wall Street and Big Business


What about the people in the middle?

I don't see myself as a "victim" of anyone. I have a mortgage. I have a new vehicle. I have money in the bank. I have credit cards. For the first time in my life, at the age of 56, I have what I need to be comfortable. Not rich, by any means, but comfortable. I pay my bills...on time...in full...and still manage to be comfortable.

For too many years I WAS the victim of circumstances and poor financial decisions.

At this point, I hope nobody thinks me a "traitor" if I don't join in the revolt. Not pay my mortgage for 60 days? Insanity. This guy is so confident that in a specified length of time "they" will be begging us to do business with them again. Well I'm glad he's so sure of how things will go. People are welcome to revolt in any way they choose. Let me know how it worked out.

I dunno...kind of seems to me like a handful of lemmings planning a mass jump over a cliff but not really wanting to unless all the lemmings do it. What's the difference? Fifteen lemmings...a thousand....fifty thousand...if they all jump over the cliff together, they'll all be just as dead.

[izquierdista]

4. Middle ground?

It involves forcing the banks and the top few percent, the big bondholders who are parasites on the economy to write down their debt. All these fancy mortgage bundlers and bond strips and tranches -- they need to be written down to some reasonable figure. Wall Street needs to learn the second half of the saying "easy come, easy go". They raked in that money so easily, they couldn't contain their glee. Now they need government help in containing their disappointment that those paper profits were never really "there".

Unfortunately, they have control of the Fed and Treasury, and their shills there are never going to tell them that the party is over and it's time to go home and sober up.