It is a fact that there are more new foreclosures today than there were a year ago. So, how is it that a year ago that's all you heard, and today you barely hear a peep about it. Well. other than the fact that then was pre Obama and now is post Obama, you know, we cannot have the masses believe that this presidents policies are not working. There is also another reason.
As you know, my intention is always to impart knowledge that is self empowering to you the reader. After all, this newsletter is about you, not me. So I would like to share with you a video I very recently came across on youtube. The two guys look like unkempt used car salesman, which may be intentional on their part, but when they speak, it's wisdom and knowledge.
Before I give you the link, a few words are in order, generally, about where this economy is headed. Please do not be fooled by the smoke and mirror game of Wall street. The people making the big money have absolutely nothing to do with you. The banking game has nothing and everything to do with you. The fact is, it is the banks still in control as they have been, and the Federal Reserve calling the shots. Just to give you another tidbit, here is how banks make money. Say you get a credit card with a 10,000 dollar credit line. Where do you think that money comes from? Well, if we are talking about a bank and not a credit union which operates differently, the bank puts up 2,000 dollars of its money and the remaining 8,000 dollars comes from the Federal Reserve at an almost 0 rate of interest. The bank then charges you, up to 30% interest on the money it just borrowed at almost no interest.
This is part of the game of how banks keep you in perpetual debt slavery, setting you the debtor up as there lifetime annuity. And, wow!, what a payoff it is. I am not advocating defaulting, but think about this the next time you are hit with a late payment for one day.
Unemployment will remain high for years to come. As a matter of fact, just wait until next year, when all the new taxes start. These new taxes, Cap and Trade, new taxes on health plan providers, new taxes from states, especially, those looking at bankruptcy next year, and their are about thirteen of those. This is not an environment for job creation.
OK, here is the video link: MARK TO MARKET CHANGES. As you watch the video, thing clearly about your own debt situation, if you have one. If you are finally ready to break the stranglehold you are in, please feel free to contact American Debt Enders or call us at: 877-766-2465 for a free no pressure credit counseling consultation, on ways we can help you.
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Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465
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