When are you good ole boys going to get around to addressing important issues like usury & predatory lending throughout this entire debt based economy?
You KNOW that to seriously address what ails this economy would by necessity destroy it!
Our ponzi debt based economy is based entirely on ever increasing amounts, at an exponential rate no less, of credit and debt. Whether that debt is held by government, business or the private sector.
You KNOW that!
YOU, not I, loan money to banks forever at 0 to 0.25% while average Americans are lucky if they can find money for 13% Many Americans now find themselves without a job and facing 30% interest charges, plus fees, on credit / debt they are unable to pay.
YOU allowed banks and corporations to set up shop in Delaware and North Dakota to allow unrestricted usury.
The congress of the United States of America is and always has been in your pocket!
In 1980 the congress abolished the sin of usury. At the urging of the banking cartel.
Mr Bernanke states.. "We don't have a precise read as to why this slower pace of growth is persisting." (source)
That's a lie, in my humble opinion.. I think you know exactly why. All of you. If it's NOT a bald faced lie then all of you are unqualified to do whatever TF it is that you think you're doing.
You KNOW that if you were to do what is right it would ALL come crashing down!
Reinstate usury laws. Allow states to once again decide what is fair for their constituents. (Figuratively) Nuke Delaware and North Dakota. Get RID of predatory lending now! Everywhere! (Including car dealerships) Make "fine print" (contractual traps) ILLEGAL!
I'm for a 10% interest cap on ALL loans! The economy would instantly COLLAPSE wouldn't it?!
THE CONGRESS, USURY LAWS, CREDIT CARDS AND THE EXCESSIVE FEES YOU PAY
All governments, banks and corporations USE "fine print" to legally STEAL from the people. You KNOW that!
"The Fed chief [(Helicopter) Ben Bernanke] warned that steep near-term cuts in government spending would slow the economy and cost jobs. He advocated a budget deal in Congress that begins to address long-term challenges, but warned against sharp spending declines too soon."
You are also calling on congress to make dramatic spending cuts!
By Ron Scherer, Staff writer / June 14, 2011
Federal Reserve Board chairman Ben Bernanke, in his toughest words yet, warned Congress Tuesday that it has to act “in a timely manner” to reduce the federal budget deficit.
So cut but don't cut too much? Raise taxes but don't raise them too much?
This situation is obviously out of control!
You KNOW that your true intention is to destroy this economy via inflation as you already have the middle east. People, your fellow American citizens, KNOW that you have ALREADY destroyed 96% of our currency's value through inflation since the inception of the Federal Reserve Bank in 1913! And now your obvious intention is to "finish the job"!
You KNOW that only gold is real money! That your fiat currency isn't worth the paper it's printed on!
So what's next? Make owning gold illegal again?
You KNOW that to truly FIX this economy would simultaneously destroy it..