Real terrorists rape consumers
How many times have we heard that filthy lie, "It's for your own good," as politicians and their owners overstuff their pockets and fat stomachs at your expense?
Well, the other boot has finally dropped, and embedded in the rears of America's working families. We saw it coming; the first thud was a pro-big-money overhaul of bankruptcy procedures that forces single mothers and workers unemployed by federal free-trade sellouts to pay off their debts, even if they can't buy groceries for their children. Debtors are forced to pay for indoctrination classes, even if they are disabled or lost their jobs, where they are given a restructuring plan to pay back debts after being 'allowed' a small amount for monthly living.
In factoring what your cost of monthly living is, you now cannot subtract what you spend on food, transportation and clothing, but must use limits that the IRS imposes, allowing them to rule what you 'truly' need to live on with the same generosity they show elsewhere in their tax forms. "Too bad," says the Fed, eager to suck up to the financial giants that give Congress-critters massive campaign contributions and cushy retirement jobs.
The second boot-thud is from the "federal regulators" issuing "guidelines" that credit card issuers are pretending are mandatory statutes forcing them to ignore all previous contracts and starting January 1, 2006, to charge double the minimum monthly payments for all credit card balances. Want to know who these regulators are? They're said to be the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Office of Thrift Supervision. Try finding the list of governing board members on any of these sites. Although they're paid with our taxes, they're as elusive as Mafia dons. Their new 'guideline,' which will often double minimum credit card payments, will drastically affect many household budgets. And they don't care.
It doesn't matter that the Federal Reserve System is unconstitutional, never authorized by our Founding Fathers. It doesn't matter that the FDIC is illicit, nor has anyone heard of the manufactured "Currency" and "Thrift Supervision" bureaucracies. They apparently exist only to bolster financial mega-institutions and be a beard for Congress. Like Governor Jeb Bush of Florida, Congress pretends it has no control and also whines, "Our hands are tied, our hands are TIED!!" All that matters is that credit card companies are tripping over themselves to obey this new and unconstitutional 'guideline' that is pseudo-law.
You can bet the ranch that banks are now raising their second mortgage percentage rates for desperate families seeking to recover cash flow to buy such luxuries as food, utilities and gasoline.
Most credit card companies have been sending to consumers replacement credit cards with new terms hidden in the unreadable fine print, saying that they can charge whatever they want and raise the minimum payment to whatever they want. After all, they own all the politicians, regulators and judges. If you're one-day late paying them, your currently low interest rate can immediately jump to as high as 29 percent. Statistically a majority of people forced to suddenly pay hundreds more per month will fall into making at least one late payment, then be hit with a huge rate increase as well as fat late-payment penalty fees per incident.
It doesn't matter that you had a contract with the credit card companies to only pay a certain percentage, the Fed says you need to double your payments, "for your own good." How many times have we heard that filthy lie, "It's for your own good," as politicians and their owners overstuff their pockets and fat stomachs at your expense? NAFTA, GATT/GANN, and all the free trade legislation was 'for our own good,' and now after bleeding literally MILLIONS of jobs from this country, the Fed is performing the coup de gras, the final cut to the jugular of the already weakened, castrated bullock that is America.
Gasoline prices, home heating supply prices and now credit card prices have all been weaponized by doubling them, intentionally crippling American families so that they protest less the infamy and tyranny so glibly issuing from the federal government. Weakened people living from hand to mouth, barely existing from payday to payday, won't have the energy to fight far worse terrorists than fundamentalists with guns. It's not an accident that the Fed can now access all your financial, medical and employment records without probable cause nor warrant. Americans who said nothing against the PATRIOT Act, allowing the Fed to abuse the rights of imaginary terrorists have themselves become terrorist suspects and now have almost no rights themselves. What goes around, comes around. And boy, has this ten-ton omelette settled on our faces.
The rich and privileged in our government and big banks don't have a clue how most working American families exist. Sure, the minimum credit card payments prior to 1/1/06 are slower to pay off the principal, but taking an extra $200 a month from families will force many to choose between food and warmth or further debt. Those families who are out of money and out of true representation in federal government will see
