Pictured: The Globalist meatpuppets that sold you and your family out.
Posted on 04/24/2011 9:42:07 AM PDT by library user
” but there is NO “contractual obligation.” “
As I concede the point, I also point out that you (almost) masterfully seized on minutia to deflect from the main thrust of my comment - that as long as the Gummint has money to spend on other programs, there is no moral basis for defaulting on this obligation (call it ‘legal’ or ‘moral’ - it still works out the same)...
Without checking, I’ll bet that you were among those who expressed outrage on the Mortgage Crisis threads that the ‘deadbeats’ defaulting on mortgages and buying Cadillacs with the money.. You can’t have ‘situational morality’......
Actually, if you go back and check those mortgage default threads, you’ll see that I was one of the people who was taking heat VERY early on for telling people the following:
1. The banks lied. The banks have been perpetrating frauds upon the courts in their bankruptcy filings, their affidavits for ownership of the notes, etc.
2. I’ve repeatedly stated that I’d rather that a few people (relative to the size of the US property market) get free houses before I’d see the law shredded to protect corrupt banks.
3. I’ve repeatedly stated that MERS is a sham, created to defraud counties out of real property filing fees.
4. From the outset of the financial crisis, I’ve been a hard-ass on the banks and bankers. When the auction rate security crap hit the fan, I was one of the people here on FR taking heat from people who were sticking up for the banks, even as I was proving to them that the auction rate securities market and the securities themselves were frauds.
Consistently throughout, I have stuck up for the law, financial consequences be damned.
Mea culpa..
I apologize for my unfounded assumption...
Oh, you think grocery prices are going to remain as they are with diesel fuel hitting over $4 a gallon? All tractors that till the fields are diesel as well as all the trucks that haul it. Much of the fertilizer is made from petroleum and Ozero didn’t have a clue what the damage would be when he said energy prizes must go up. You may think it funny now but don’t call me when it gets a little tuff. I’ll be eating very well.
And, I would add this:
I am not one of those people who claim that a mortgage is a “moral obligation to repay.” Those who default on a mortgage and give back the collateral (ie, the property) have met the terms of the contract.
I consistently have held that people are under no such “moral obligation” to repay debt which they cannot repay. They are bound by the terms of the mortgage contract, which stipulates the terms of what happens if they cannot or do not repay the loan. That’s it.
Banks default on loans all the time, and (ironically) no less than the National Association of Realtors defaulted on their own mortgage on their new headquarters in DC. Morgan Stanley defaulted on five properties they bought in San Francisco. Sam Zell, famous real estate investor, has allowed subsidiaries to go to BK and default on loans. If the big investors and banks play by this set of rules, and it is legal, then I believe that the little guy should be able to avail himself of the same laws.
He knows what he is doing. He is using marxism to create a socialist state. Currently I can ride it but this idiot is slowing or stopping the Capitalist machine that folks could ride regardless of anything. He is bringing our free society to a world order. It shall not happen. This is God’s Country and he shall FAIL.
Hey, we’re cool. No problem. I understand that many aren’t consistent on this issue. I try to be, which doesn’t fit the profile some have. In all this financial mess, I believe that the worst possible outcome we’re seeing is “one law for the little guy, another for Goldman Sachs.” That’s not a country in which I want to live.
There’s a classic quote from “A Man for All Seasons” on the issue of selective enforcement of the law that gets to the heart of this issue:
“Sir Thomas More: Yes! What would you do? Cut a great road through the law to get after the Devil?
William Roper: Yes, I’d cut down every law in England to do that!
Sir Thomas More: Oh? And when the last law was down, and the Devil turned ‘round on you, where would you hide, Roper, the laws all being flat? This country is planted thick with laws, from coast to coast, Man’s laws, not God’s! And if you cut them down, and you’re just the man to do it, do you really think you could stand upright in the winds that would blow then? Yes, I’d give the Devil benefit of law, for my own safety’s sake!”
I understand what you are saying and have already thought of that.WE own land at the top of a hill,my BIL owns nearly 30 acres across the street from us.On either side are people we grew up with and about 1/2 mi down the hill is my FIL’s land.In between are people he has known for years and I’m sure that if something like a meltdown with roits come we can and will ban together to protect that hill and our animals and provisions.For how long I don’t know but we are in a rural area and it will take a while for the masses to arrive here.
Don’t worry just yet. This idiot in charge still can’t shake The Donald.
I’m not sure how old you are I was born in 1960 so am techically a boomer though identify with GenX more than I do boomers.My Mom and dad were war babies and all of my siblings are GenX.I know this has to change.I know there is not going to be social security for us since we are now 50 and 53.WE plan to work until they ell us to leave and try to be as self sufficient as we can be.IMHO all entitlments have to be stopped and the promises that were made to social security and medicare have to be curbed a lot.If it were up to me those collecting now would take a cut as well as a progressive cut depending on how far away you were to it.It was not designed to live on it was designed to be a supplement the rest is up to you to take care of.Foodstamps and welfare should stop imediately as well as the thousand other programs for the poor.I would propose a community feeding program( soup kitchens) for anyne hungry it would save billions of dollars.
Make no mistake, China now has the ability to squeeze the U.S. then relax, then squeeze again to cause just enough pain in an effort to alter U.S. policy particularly when it comes to China and the areas surrounding China.
Pictured: The Globalist meatpuppets that sold you and your family out.
On the plus side, we did run up a lot of bills buying advanced weaponry. I suppose if you're going to go broke, best to do it while so heavily armed, the creditors will come knocking politely. ;-)
Some of those “apartment dwellers” as you put it do work very hard but have put their trust in governmental systems that will fail them...that work ethic and the inventiveness it inspires may help even these find a way to survive if their faith in God is true. You write as if you despise these people. A blessed purging? Even God says “ I take no pleasure in the death of the wicked?”
Actually according to Biblical prophecy he could well succeed if we are indeed drawing quickly to the end times as it appears. If I am reading prophecy correctly God will allow this country to fall for the sins of her people and the One World Government will be established.
I have to say I don't know...but I do know that it's immediately spendable CASH. Checking accounts and physical currency.
Perhaps it just a symbol of the inflation over the years. Same amount of purchasing power.
That said I do know many persons who are actually keeping physical cash in the house and keeping the checking accounts as flush as they can waiting for a pop of the bubble and/or complete social collapse. Whether that's a trillion dollars, I don't know. But it might be.
I will fight it tooth and nail. It is not a good thing.
And so it begins. $100 for a six-pack of beer...
PING!
People don't understand that China is a factory nation. Without Western Europe and the United States, China would be nothing in terms of manufacturing.
China has to buy our Treasry securities. It's a feedback loop. We buy their junk and they get our money. They buy our treasuries so that we can again have the money to buy their junk.
China would have to open up very large markets with Brazil and India if they pull this move. That would cause them to have to devalue their yuan in a large way - making their junk even cheaper for us.
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