About That Student Loan Forgiveness....
- Thread starter my-thyme
- Start date
Bare-ya-cuda
Well-Known Member
Hardly!
OccamsRazor
Well-Known Member
Never answered my question...
Why is this person scum but the Donald is the second coming if bankruptcy is "a cancer on society?"
Bare-ya-cuda
Well-Known Member
Where did I say the Donald is the second coming?
OccamsRazor
Well-Known Member
So... NOT a Trump fan?
Bare-ya-cuda
Well-Known Member
Not a fan of any politicians.
CPUSA
Well-Known Member
The smart among us have NEVER included those that shirk their responsibilities...
And admitting to your bankruptcies is just more proof of your absolute lack of economic knowledge that you constantly brag about on here.
Eventually your TRUE self always comes out...
And allows the rest of us to understand why you try & convince us you are so much that you are not...
Your fantasy life is so much more...desirable...than your pathetic reality, isn't it?
All this student loan forgiveness talk needs to end. Either congress gets involved or it stops. No more dangling something to voters that the president alone can't provide. The ignorant fall for this easily because the reward is big enough. Just like the people getting the scam email or phone call. The reward is large, so they toss aside their common sense.
Biden is a career con man. He's jacked up his game or at least the people writing his scripts have. He's recently said he was going to end fracking. He was going to ban assault weapons & semi auto firearms. Legalize all the daca & dreamers. He was going to shut down the virus if elected. You know when joe is lying, it's when his lips are moving.
Biden is a career con man. He's jacked up his game or at least the people writing his scripts have. He's recently said he was going to end fracking. He was going to ban assault weapons & semi auto firearms. Legalize all the daca & dreamers. He was going to shut down the virus if elected. You know when joe is lying, it's when his lips are moving.
And cure cancer.
Hijinx
Well-Known Member
I was about to say that.
Too bad he cannot cure dementia.
LightRoasted
If I may ...
For your consideration ...
The cancer on society is the Federal Reserve and the funny money it creates out of nothing. Why not file bankruptcy in order to get out of repaying loans, or debt, that was originally created by way of fraudulent actions? There is no honor or integrity in the cartel banking industry. Why apply honor or integrity when dealing with them?
Doesn't/shouldn't your logic apply to business as well then? Why not chastise those businesses? Thousands of businesses file for bankruptcy protection every year all the time. I think they call it reconstruction bankruptcy or some BS name. Since SCOTUS deemed corporations to be people, shouldn't these "people" have the integrity to repay all their loans as well? Never will happen because bankruptcy is part of the act of conducting business. Done intentionally.
The cancer on society is the Federal Reserve and the funny money it creates out of nothing. Why not file bankruptcy in order to get out of repaying loans, or debt, that was originally created by way of fraudulent actions? There is no honor or integrity in the cartel banking industry. Why apply honor or integrity when dealing with them?
Doesn't/shouldn't your logic apply to business as well then? Why not chastise those businesses? Thousands of businesses file for bankruptcy protection every year all the time. I think they call it reconstruction bankruptcy or some BS name. Since SCOTUS deemed corporations to be people, shouldn't these "people" have the integrity to repay all their loans as well? Never will happen because bankruptcy is part of the act of conducting business. Done intentionally.
Bare-ya-cuda
Well-Known Member
What are these fraudulent actions?
ontheriver
Well-Known Member
I have taken loans many times in my life. EVERY SINGLE TIME I knew exactly what I was doing.
Just my opinion: Every single person who took a loan for higher education SHOULD have taken due diligence to know exactly what they were signing up for. There are no excuses. If they didn't do that..... you ordered the steak, you ate the steak.
You pay for the steak.
Not me. Not anyone else. Period
LightRoasted
If I may ...
For your consideration ...
The one where money is created that never existed before, also known as counterfeiting. Maybe you don't understand how money creation works? It's like this, the mortgage you got from your local bank? The bank doesn't have money/cash on hand to lend. The money didn't come into existence, (it never existed prior), until you signed your name on that "loan" document. Or this. All money in circulation, at some point, is the result of a loan. All the currency that is in use, has been loaned into existence, is being used to transact business. Now you know why it's called a debt based currency. Because every dollar in circulation is debt, represents debt. Real money, called specie, has no counter party like Federal Reserve Notes have.
If that is not fraud, lending what you do not have, pretending to lend something one does not have, but instead going to the back room in the building to print it, or as a simple as a creating it via a ledger entry, to create what never existed prior. I don't know what is.
How is this for fraud? When banks create money, they only create the principle amount, never the interest amount. So when loan payments, which include principle and interest, are made they take out of the economy more than what is available. Since banks control the creation of money, they can restrict it as well, creating recessions/depressions. Now say in a depression, you find that you can't afford to pay that loan? Well the bank will take it from you using the fraud of "lending" you money that never existed. Now you are homeless and the bank has your house and will sell it to the highest bidder for more of the debt based currency.
All banking is based in fraud!
The one where money is created that never existed before, also known as counterfeiting. Maybe you don't understand how money creation works? It's like this, the mortgage you got from your local bank? The bank doesn't have money/cash on hand to lend. The money didn't come into existence, (it never existed prior), until you signed your name on that "loan" document. Or this. All money in circulation, at some point, is the result of a loan. All the currency that is in use, has been loaned into existence, is being used to transact business. Now you know why it's called a debt based currency. Because every dollar in circulation is debt, represents debt. Real money, called specie, has no counter party like Federal Reserve Notes have.
If that is not fraud, lending what you do not have, pretending to lend something one does not have, but instead going to the back room in the building to print it, or as a simple as a creating it via a ledger entry, to create what never existed prior. I don't know what is.
How is this for fraud? When banks create money, they only create the principle amount, never the interest amount. So when loan payments, which include principle and interest, are made they take out of the economy more than what is available. Since banks control the creation of money, they can restrict it as well, creating recessions/depressions. Now say in a depression, you find that you can't afford to pay that loan? Well the bank will take it from you using the fraud of "lending" you money that never existed. Now you are homeless and the bank has your house and will sell it to the highest bidder for more of the debt based currency.
All banking is based in fraud!
Bare-ya-cuda
Well-Known Member
As ontheriver stated, when one signs the loan documents they agree to the terms and conditions for repaying that loan. The behind the scenes happenings on whether the bank has the cash on hand or not shouldn’t even come into play on whether you decide to repay your loan or not.
Bare-ya-cuda
Well-Known Member
I suppose you have all your money stuffed into your mattress.
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He's too paranoid for that, I bet it's in the same subterranean room where he dismembers cats !
LightRoasted
If I may ...
For your consideration ...
When one receives a hard money loan, sure. However, with banks, they aren't lending money. How can one lend something that one does not have in their possession to begin with? Creating money from nothing, counterfeiting money, is fraud. Loans from banks are fraud, since they do not lend money on hand, but create it by ledger entry, one does not need to feel guilty not to repay fraud.
When one receives a hard money loan, sure. However, with banks, they aren't lending money. How can one lend something that one does not have in their possession to begin with? Creating money from nothing, counterfeiting money, is fraud. Loans from banks are fraud, since they do not lend money on hand, but create it by ledger entry, one does not need to feel guilty not to repay fraud.
ArkRescue
Adopt me please !
this is why
I ate the Steak as Judge Judy says LOL - I continue to pay on my student loans despite realizing that it probably wasn't the best decision but I made the decision to do so based on the information I had at the time. After paying for 17 years it appears I have another 15 years to go. This is why I drive the same used cars (1994 and 2003) and have not had a car loan since paying off the SUV in 2002. I can't afford a car loan due to my student loan payments. I either pay for one or the other as I don't have enough money to do both. If I gave up the animal rescue I might be able to buy a newer car hmmm.