2 votes

99% will not pay credit cards or loans

The 99% will no longer pay our loans & credit card bills. Let's show the 1% that the 99% are far more powerful than they are.

We can join together to change things without force or violence. If the people want a financial system based on equity instead of debt, then we have to make it happen.

While the nation suffers, people lose their home and citizens struggle trying to support their families, the big banks are giving themselves bonuses and having lavish parties. What ways have the bailouts improved your life?

They haven't.

We will no longer allow the people to suffer. We will not pay their bills.

The financial system cannot survive without us.

We are the 99%.

((No one is asking, so please do not send your money anywhere, there is no organization affiliated with this protest.))

In Iceland, the people have made the government resign, the primary banks have been nationalized, it was decided to not pay the debt that these created with Great Britain and Holland due to their bad financial politics, and a public assembly has been created to rewrite the constitution. (https://getsatisfaction.com/currentcom/topics/icelands_non_v...)

Summary of the Icelandic non-violent revolution:
-resignation of the whole government
-nationalization of the bank.
-referendum so that the people can decide over the economic decisions.
-incarcerating the responsible parties
-rewriting of the constitution by its people

Never heard about the Icelandic revolution in the news...

Federal Reserve audit from July 2011 http://www.sanders.senate.gov/imo/media/doc/GAO%20Fed%20Inve...

Senator Bernie Sanders article about the audit http://www.sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e7...

"The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression."

We will make this happen. Inform yourself and spread the world!

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The New Economy Movement - The New Economy movement is a place for organizations, projects, activists, theorists and citizens who are working toward creating an economy based on abundance and equity in a peaceful and non-violent way.

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(The money that would normally go to the 1% could be used instead to help those who are unable to meet their own basic needs, like food. Like pay it forward, towards people in your local community, family, friends, etc. You can give some food to someone in need or who is unemployed and unable to support themselves.)

Additional steps that you can take:

Spread knowledge to others
Boycott credit cards
Boycott big banks
Open bank account at credit union/community bank
Support local business
Utilize free events in your area - movies, festivals, concerts, parks, free days, etc.

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how about don't get into debt

how about don't get into debt in the first place. instead of getting into debt and then vowing to not pay the loans, it is better to just pay everything with cash. you have to wait longer, but over time your wealth increases and you financial health is good. you will be able to buy better and better goods and services the more you pay with cash.

whereas if you go into debt to pay for things, not only are you losing out on monthly cash flow, you are living beyond your means. if you keep taking out debt to pay more debt, how is that different than what our government is currently doing?

I'm 66 and will pay on my debts as long as I am able.

It doesn't matter how wealthy the bankers are, I alone am responsible for my debts and I value myself too much to dishonor my promise to repay. However, if TSHTF and it's survival time I will not feel guilty letting them go unpaid while I cope.

New Hampshire and Ecuador.

You can Negoiate with debt collectors

to lower the amount you have to pay by allot.

resting post ignore this

Blah blah blah.

Nobody really gives a rip about somebody else's sad story

...but we all have one. I'm nearly 60 and have spent my life living up to my obligations (including more than $300,000 in child support and alimony in the 15 years following my divorce, as well as paying to put six kids through college).

We struggled with debt and used debt-management companies for a few years; but after the banks got bailed out, I thought, "OK, they're taken care of. Screw 'em. They're not going to get my $100 grand." So I went Chapter 7 and gave the finger to Chase, Bank of America and Citibank. Everybody from whom I bought anything with my credit cards got paid by the banks. I paid off all my creditors - except the banks. The way I see it, the banks made a bad bet on me.

So go ahead and tell me what a bad person I am. Save your breath. It's not going to change anything. At this point in my life, why should I be more concerned about Chase Bank than I am about my own family and our security going forward?

When the banks don't have the money they lend, default is OK.

When people understand how the banking system actually works, the moral outrage gets channeled to the banksters since it is a fraud. There is an old case from the midwest where a property owner was able to avoid defaulting on his mortgage by proving that the banks never actually had the money which it lent to him. Therefore, the mortgage was a fraud.

The bank bailouts show the hypocrisy of our banking system. Banks which made bad bets get bailouts from the government. But, students who can't repay their loans since their educations are worthless, are wage slaves for the rest of their lives. This is the kind of oppressive economic system which many of our forefathers fled in Europe and elsewhere.

Don't feel bad about not repaying money that the banks never really had.

Your debts are your responsiblity

By not paying them, they end up on the shoulders of others...No once forced you to take on the credit card, car payment, mortgage, etc. Don't like the terms or high interest rate? You shouldn't have taken it on. Greed on the part of the credit card companies, but theft on your part if you refuse to pay.

Attention All Delegates! Break your "Binds" and vote for the Constitution in Tampa! Ron Paul 2012


1) How by me or any one of my 100s upon 1000S of clients not paying back their debt will it "end up on the shoulders of others"?
2)This is not theft.. if it were you would go to jail, right? there is no such thing as debtors jail.. Not a single one of my clients have been put in jail in the 5 years I have been doing debt consolidation.

Here is what can happen if you don’t pay your debt....

the creditors will mark you late 30-60-90-120 CO.. CO= Charge Off (Means this debt is sold to a 3rd party collections) (the creditors get to use this as a profit loss so less taxes they have to pay at the end of the year)

It sits in collections, you get harassed by collectors to pay your debt.. you refuse to pay and eventually the debt is put in legal status..

The collections company can put a judgment against you by taking you to court.. each state is different but... In most states if you are head of household on your taxes they can’t sue.. if you are on unemployment they can’t sue, if you are on any GOV. income such as SSI SSD, you can’t get sued..

The only two things you have to pay no matter what is Gov. back student loans and IRS.. these will always collect interest you cannot settle for a lower amount and they can garnish your wages most states are 15% of your income before taxes..

If you want to stop paying your debt and want help through a company go to debt.org and fill out the "request information form" when someone calls ask for Jessica I will help you..

"no such thing as debtors jail"?

Don't get any judgements against you in Indiana. We don't send anyone to jail for having debts, but we do send people away for contempt of court for not paying after being ordered to do so. Judge assesses ability to pay, no exemptions.

are you familiar with

www.freetoprosper.com and "Zero Debt in 90 Days"
I believe John Gliha runs both of these

Add child support payments to debts you must pay

and you can be jailed for not making those payments.



Yes child support you must pay!!! I forgot they will tack this on to a credit report to and it can really hurt not only credit but also travel and driving and freedom..


It's not the credit card that's the problem. It's the idiot holding the card that's the problem.

You are responsible for your own finances. If you overspend on credit it is your debt to pay. If I loan out money on whatever variable % rate they are foolish enough to agree with on contract I'd expect them to repay me under the law.

What I don't agree with is government wasting tax money (and forcing you to pay it) and fiat currency system. I also don't like the idea that banks loan out wealth they don't have.

Congress cannot prove that they were legally elected.

They incurred the debt (except Ron Paul and a few other who consistently voted against raising the debt ceiling.

It's Congress' debt, let them pay it.

Free includes debt-free!

I went to my dentist, who I had not seen in 2 years. In the

past, when I went there I always paid cash.

I asked how much for a checkup and regular cleaning. (not deep-cleaning, mind you which costs more).

They asked me if I would be using insurance or not. I said no, I was hopiing for a discount with cash. She said it would be $270 with cash
or $128 with insurance.

Go figure. (yeah...it's California)


Depending on where you are in

Depending on where you are in CA, you are better off going to Mexico for dental work. The quality is better and the fees are less expensive.

Blessings )o(

I agree. I have several friends who have gone across from

Yuma and they have had great success. One goes every year and she brings all her friends in a caravan. It's like 1/7 the price of here.


Because the insurance companies pay claims at a reduced rate,

The dentists/doctors transfer those losses to the cash paying customers. Been arguing with my dentist over this for years. Not isolated, but common practice. Bass Ackward if you ask me. No paperwork for cash, but tons of administrative costs for insurance.

Attention All Delegates! Break your "Binds" and vote for the Constitution in Tampa! Ron Paul 2012

I've noticed the opposite here in MN

I had to have a root canal done a couple of years back. After telling my dentist that I had no insurance, he agreed to reduce my cost by almost 50%!

Believe it or not...

...it's expensive in Michigan too! I sometimes think dentists do better than doctors. I would hunt for a better dentist for sure! If you cannot afford to get all your needs taken care of you could try a dental school which is monitored by the professionals. Some people do that here. I haven't tried it but the ones who have are happy with it. The downside may be a long drive...time consuming.

Find another dentist.


Free includes debt-free!

So I imagine you'll be giving back all that stuff

Stuff you bought on credit and tearing up your diploma, right?

If you buy something, pay for it. The only wiggle room I can see is maybe with medical bills, because usually medical procedures are not optional. However, the vast majority of credit purchases are on optional things designed to maintain a standard of living you feel entitled to. A new car rather than used, a bigger house than you need, an 80,000 dollar art history degree, etc. the road to prosperity is not endless consumption. It is production and savings.

Tu ne cede malis sed contra audentior ito

Credit Cards

While I have nothing but contempt for credit cards, I do not advocate not paying your obligations. If you owe money, you should pay it.

That said, I recommend that people patronize those establishment that either do not accept credit cards, or give a discount for cash. Many people don't realize that the credit card company not only charges YOU interest on your purchases if you don't pay immediately, they also charge the merchant. This means you are paying an additional 3% on the price of an item or service. Even when you use cash (like me), you pay the additional 3% to the merchant unless he offers a discount for cash.

Credit card companies are parasites. They contribute nothing to the economy. And, they consume wealth for their "services", whether or not you use them.

Not only that, but credit cards open you up to identity theft. Credit cards violate your privacy, annotating how much you spent, where you spent it, when, and for what. Do you really want to leave a record of all your purchases? I don't. My purchases are my business.

So smarten up. Get rid or your credit cards and look for merchants who don't take them, or give a discount for cash.

Credit is a fools game unless your the bank.

why would anyone want to pay extra for nothing?

The only winner is the *()**&^^ that rips you off.

Don't even buy a home on credit..

I saw a new calling Claw back.. or death to the tyrants.

I just don't get how Ron Paul can't win.. Mitt is Obama on steroids.

And Obama has done everything he can for the elite.


Just want what seems to be missing, Truth and Justice for ALL
What is fraud except creating “value” from nothing and passing it off as something?

or better yet

barter with your goods, services, or silver

While i don't advocate...

this entirely, there are companies that can help you through this. AND there is NOTHING to feel guilty about. Especially if you have been running the debt for a long time. What would be wrong is to go buy a bunch of stuff on a credit card today, then not pay and expect to be forgiven. That's theft.

The 17+ trillion in loans given to banks in the last few years equates to over 56k per citizen in unrequested debt. The banks then ponied up to the bar and asked to be forgiven of this because their actions underhanded the entire system and blew out the foundations. The money became devalued, our companies started laying people off, and goods and prices started going up. All ways that made it more difficult to live and pay the bills you had agreed to pay.

Look at it this way. The banks run a system that looks good on paper, but in the background (fine print) they have rules in place that make sure you never pay off a loan early. VERY few banks are honest and run good practices. USAA is likely the only reputable bank in the country and also one that didn't need a bailout due to honest practices. See, honest banking = happy customers = no need to run to the government for help. When I went into a debt settlement program, they were the only bank I left off. All the others had received a bailout of some sort. So, I figured they owed me in some way shape or form. Maybe that's wrong headed, but due to the banks destroying the economy I first received a paycut which hit very hard and helped me start to fall behind in my mortgage, then a layoff for 6 months. When I did get back to work, i was so behind, it was either bankruptcy or settlements. I am trying settlements firts. At least that fulfils some of my committed obligation.

In 3 years I will be debt free. Had I stuck with the debt, I would never be debt free. Never ever.


We are controlled and enslaved by debt. Pay the people you feel you rightly owe but this guy is right. Until people stop being a slave to debt we cannot break out of the chains. Chains that will attached to your own chidren if they are not already.

you stop being a slave

by not incurring debt, not by bailing on your obligations.

the easiest way to get something done isnt to change the behavior; its to change the meaning of existing behavior. like a cut isnt a cut, torture isnt torture, its enhanced interrogation. war isnt war, its kinetic military action. declaring war now appare

you are correct, of course--

one thing that spouse and I have learned after long lives of saving money and producing as much of our own as is possible (and, believe me, not many do more than we do in being self-reliant)--

we have learned one sad thing:

you have to have money to save money--

it's hard to be awake; it's easier to dream--

But interest is often just an impatience tax

But I think of it this way. I don't own any Federal Reserve Notes so when they become worthless, I've lost nothing.

My concern is can I get title to my property before that bell rings.

Free includes debt-free!