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Old 09-28-2008, 06:50 AM
stompk's Avatar
stompk stompk is offline
I work for God
 
Join Date: Jan 2008
Location: In the valley
Posts: 542
Default Keeping us slaves to credit.


Every time someone in the government, or media mentions the bailout, they mention the importance of keeping the credit flowing.

Quote:
WASHINGTON - Congressional negotiators and the Bush administration's top Treasury officials go to work Sunday on settling the final details of a historic $700 billion Wall Street bailout aimed at keeping credit flowing and saving the nation's shaky economy from collapsing into a crippling recession.
Tentative accord on bailing out bankers - Yahoo! News



The truth is, we are in this mess, BECAUSE of credit.

Take a look at this very informative thread.

Quote:
NO ONE! will believe you about the No. 1 NWO bank conspiracy – 6% fixed rate mortgage is really a 580% variable mortgage.

There is no such thing as a fixed mortgage, it is totally bs. A “30-year fixed mortgage” is actually a variable mortgage, and the rate you really pay is higher than you can imagine and eliminates financial freedom. Nationally, homeowners keep their mortgages an average of 5 years before refinancing … that “30-yr-6%” mortgage rate is a minimum of 107%. So, if you’re a banker, you continue predatory lending and set people up then want to foreclose to be able to resell and get 580%.
Here’s another way to look at it, using for example, a $150,000 30-yr fixed-rated mortgage at 6%:
Yr---interest pd-------principal pd-------balance owed
1----$8,949.89--------$1,842.02----------$148,157.98
2----$8,836.28--------$1,955.53----------$146,202.35
3----$8,715.66--------$2,076.25----------$144,126.11
4----$8,587.60--------$2,204.31----------$141,921.80
5----$8,451.65--------$2,340.46----------$139,581.54
6----$8,307.30--------$2,484.61----------$137,096.93
7----$8,154.06--------$2,637.85----------$134,459.08
8----$7,991.36--------$2,800.55----------$131,658.53
9----$7,818.63--------$2,973.28----------$128,685.80
10---$7,635.24--------$3,156.66----------$125,528.59
11---$7,440.55--------$3,351.36----------$122,177.23
12---$7,233.84--------$3,558.07----------$118,619.16
13---$7,014.39--------$3,777.52----------$114,841.64
14---$6,781.40--------$4,010.51----------$110,831.13
15---$6,534.04--------$4,257.97----------$106,573.27
16---$6,271.43--------$4,520.48----------$102,052.78
17---$5,992.61--------$4,799.30----------$97,353.49
18---$5,696.60--------$5,095.31----------$92,158.18
19---$5,382.33--------$5,409.57----------$86,748.60
20---$5,048.68--------$5,743.23----------$81,005.38
21---$4,694.45--------$6,097.45----------$74,907.92
22---$4,318.38--------$6,473.53----------$68,434.39
23---$3,919.10--------$6,872.81----------$61,561.59
24---$3,495.20--------$7,296.71----------$54,264.88
25---$3,045.16--------$7,746.75----------$46,518.13
26---$2,567.36--------$8,224.55----------$38,293.58
27---$2,060.08--------$8,731.83----------$29,561.75
28---$1,521.52--------$9,270.39----------$20,291.37
29---$949.75----------$9,842.16----------$10,449.21
30---$342.70----------$10,449.21---------$0.00
NO ONE! will believe you about the No. 1 NWO bank conspiracy ? 6% <b style="color:black;background-color:#a0ffff">fixed</b> <b style="color:black;background-color:#99ff99">rate</b> <b style="color:black;background-color:#ff9999">mortgage</b> is a 5

On a 30 yr 6% fixed rate mortgage, borrowing $150,000, you pay $173,774 in INTEREST!. And that's if you don't refinance.

Same goes for car loans, appliance loans. The longer the loan, the cheaper in SEEMS, but in reality, the more it costs.

SO, how are the banks going broke, when they are make over 100% profit on money that wasn't theirs in the first place??
The money is going out of the country, in the form of Credit Swap Accounts, to mainly a place named the "Isle of Man" of
which the Queen of England is the head of. It's a corporate takeover.

Credit is voluntary slavery, which is exactly where they want you.


Last edited by stompk : 09-28-2008 at 07:03 AM.
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