I understand the importance of living frugally and within ones means. However, shit is hitting the fan for a lot of people and even those who are responsible are having to get creative.
Are we counting on "The Great Reset?" The biggest FU to the banks, go down with the ship? With interest rates at stupid numbers and a financial collapse every 10 years, what the actual fu*k?
Whats the endgame?
Who is all this personal debt owed to? Its owed to companies that have participated in predatory lending practices. The same companies who will have their assets forfeited. Nobody owes money to the mom and pop down the street. They owe it to the banks. The same banks engaged in usury. Therefore all debt is derived from criminal activity as you say.
My house is paid for. I bought the land and built the house for 175k in 1986. That loan cost me many multiples of 175k to pay off. Even with the improvements I have made since, at the cost of many more thousands of dollars, and the skyrocketing value of property over the last 37 years, the value of my home and property still do not match what I have actually paid. And truthfully, I still dont have complete control over my property. Miss one tax payment and it can be taken from me. It is a predatory system at every step of the process.
I am not a nesara/gesara believer but I do think that if sovereign debt is forgiven so will personal debt. If the entire way we pay for goods and services is reset then the entirety of the old system must be destroyed and they will use forfeited assets to enact the change.
Of course it will. If it’s not then the banking cartel is still in charge and nothing has changed.
The person you’re replying to is simply hedging against disappointment with his take. Not something I could blame anyone for at this point with all we’ve bern through but that’s what it looks like to me.
There are tons of small local banks and credit unions, as example, who have been doing the right thing all these years.
And what percentage of Americans debt do they hold? Less than 10%?
Would it matter what percentage, if the argument is whether all debt needs to be forgiven or only predatory ?
So because 10% is not predatory we should let it all slide? Or do we forgive 90% and tell the 10% too bad? I think if you forgive 1 debt because it was predatory you have to forgive it all. And at the end of the day it is my opinion that even the Credit Unions were engaged in usury.
Since when do slaves pay their masters debt once free?