Debtors Prisons Have Returned to America??

[FORD]

https://www.youtube.com/watch?v=Jue6KJP6MQg

Wiping out private debt would unleash enormous spending in our economy in ways we haven't seen since the boom years of the 1950's and 1960's. The only reason it's not seriously being considered by our lawmakers today is because a debt jubilee would diminish the profits of the banksters who thrive - and prey - on an indebted nation. But, in the not-to-distant future, as our economy continues to collapse under the weight of tens of trillions of dollars in private sector debt, our nation will be faced with an ultimate choice: Strike Debt or watch our economy completely collapse in a way that will make 1929 look like a picnic. Let's make the right choice now!

[Kristy]

Go to an E.R. with no insurance, receive a $300 bill form a doctor who saw you for less than 5 minutes. Have no money to pay you go to jail. Yeah, I can see that happening.

[FORD]

Hopefully not.... considering the one time I ever had to go to the ER for anything, it was for a bad tooth abcess, which was so infected it might have killed me if I had waited any longer. Was broke at the time, so I never paid a dime for it, but it wasn't exactly top of the line dentistry either, so I pretty much got my money's worth. And I did have to pay for the antibiotics and Rush Limbaugh Happy Pills they gave me.

Not to worried about it though.... that was so long ago that it's way beyond the statute of limitations.

[Kristy]

It's more than likely they'll destroy your credit for seven years.

[FORD]

It's more than likely they'll destroy your credit for seven years.

Well, at the time, the criminal terrorist bastards at Bank of Unamerica had already done that for most of the 1990s, so it wouldn't have made any difference. :biggrin:

[Nitro Express]

A kid in my sister's neighborhood got bit by a rattlesnake and the cost of the anti venom at the hospital was $40,000 and no that is not a typo. Unreal.

[Hardrock69]

All you have to do is file for bankruptcy....erase all your debts....

[Nitro Express]

https://www.youtube.com/watch?v=Jue6KJP6MQg

Wiping out private debt would unleash enormous spending in our economy in ways we haven't seen since the boom years of the 1950's and 1960's. The only reason it's not seriously being considered by our lawmakers today is because a debt jubilee would diminish the profits of the banksters who thrive - and prey - on an indebted nation. But, in the not-to-distant future, as our economy continues to collapse under the weight of tens of trillions of dollars in private sector debt, our nation will be faced with an ultimate choice: Strike Debt or watch our economy completely collapse in a way that will make 1929 look like a picnic. Let's make the right choice now!

The debt in itself is a fraud because the banks have loaned more than they had assets to loan and then of course there is an endless supply of money from the Federal Reserve at zero percent interest for the big lenders. The money is costing the largest banks nothing then they loan it to people who really shouldn't have it and when they default they get punished and when the banks default the politicians bail them out and then the federal income tax payer gets punished. The citizens of Iceland were done with this and threw such a fit they convinced the politicians to arrest and jail the corrupt bankers and let the banks fail. It has not hurt their economy one bit. In fact it helped it.

No it's gone far beyond reality and it's time to audit the Federal Reserve which everyone should contact their congressmen and senators and tell them to do so. Unless enough people stand up and demand it be done it will be business as usual. This goes on because not enough people care or understand the problem. Opening up the Fed will expose more bank fraud.

We really do have to let these banks fail and wire off the debt and start over.

[Nitro Express]

All you have to do is file for bankruptcy....erase all your debts....

I don't believe you can do that with credit card or student loan debts though. One thing for sure, they want to get everyone in debt and that is why they are jacking tuition and healthcare prices. I had a friend who had to have some dental work done in Mexico. He was in Puerto Vallarta staying in a condo there. He went to the dentist and there was a list of prices and a girl who took your money. The waiting room was pretty plain but the dentist has all modern equipment and him and his staff were all trained in the US. To have a cavity filled was $20.

[clarathecarrot]

All you have to do is file for bankruptcy....erase all your debts....

I BELIEVE this situation is in refference to FEDERAL DEBT you cannot claim bankruptcy on a FEDERAL LOAN or IRS DEBT things like that.

You can claim bankruptcy against personal debts to some credit card and chevy motor credit, and joe shmoe the plumber and the milk man they would have to sue you in court and collect the money and you can claim bankrupsy after the fact and get out of it.

Or before as in some cases.

These prsonal debts to businesses would more than likey be judged by a court and they would lower the claim to something you can afford the government will do that also but if you don't pay the government back they can throw you in jail in this scenario and you cannot get out of it with bankruptcy.

Not on a debt to the govenment.

I am not a lawyer but I have talked with criminal types on a barstool and I think this is the straight dope.

[sadaist]

Actually some creditors have found a way to have people jailed over debts. When you default they can file a summons to appear in court so they can get a judgement/lien. If you don't show up (which most people don't) they can actually start a process to have a bench warrant issued for your arrest for failure to appear.

Now you're in jail for not paying a bill.

Its terrible & underhanded but it is happening.

[Nitro Express]

The ironic part is many of these institutions throwing people into prison had gone into debt themselves and needed the government to bail them out. I hope this teaches people you let poorly ran and/or corrupt financial institutions fail. Sure it may burn some stockholders but then it's their fault for not doing homework on their investment. Why should people who have had nothing to do with the problem be punished?

[FORD]

The ironic part is many of these institutions throwing people into prison had gone into debt themselves and needed the government to bail them out.

Exactly what Thom Hartmann says in the above video, and exactly what I have been saying for years. The bailout should have gone to the PEOPLE. And when the people were able to pay off their mortgages, credit cards, and student loans, the banks would get paid anyway. That would have been the sensible way to do it, and the way to save the economy, since people who don't have to pay off debt are more likely to spend the money they have. Which is what the real economy (as opposed to the Wall $treet casino fictional "economy") is completely based on.

[Kristy]

Now you're in jail for not paying a bill.

That made perfect sense, Mr. Carbon Footprint Guy.

[Hardrock69]

I don't believe you can do that with credit card or student loan debts though.

The only debt you cannot erase is child support, student loans, and some tax stuff.

All else you can. Credit cards for sure.

[Hardrock69]

Exactly what Thom Hartmann says in the above video, and exactly what I have been saying for years. The bailout should have gone to the PEOPLE. And when the people were able to pay off their mortgages, credit cards, and student loans, the banks would get paid anyway. That would have been the sensible way to do it, and the way to save the economy, since people who don't have to pay off debt are more likely to spend the money they have. Which is what the real economy (as opposed to the Wall $treet casino fictional "economy") is completely based on.

I posted this many times a couple of years ago when it came out the Fed had loaned global banks 16 trillion dollars.

I said divide that amount by the number of American taxpayers.

There are about 140 million American taxpayers.

16 trillion divided by 140 million = $114,285.71

If you gave every taxpayer 114,000 bucks, most people could pay off their mortgages, pay off their loans, credit cards, etc.

People would go nuts spending, sales of consumer goods would go through the roof, as a result companies would have to hire shitloads of people to take care of the increased demand, pumping more and more cash into the economy, the tax revenue from the increase in payroll taxes would go through the roof and the US economy would be back on top within a year at most.

[sadaist]

I posted this many times a couple of years ago when it came out the Fed had loaned global banks 16 trillion dollars.

I said divide that amount by the number of American taxpayers.

There are about 140 million American taxpayers.

16 trillion divided by 140 million = $114,285.71

If you gave every taxpayer 114,000 bucks, most people could pay off their mortgages, pay off their loans, credit cards, etc.

People would go nuts spending, sales of consumer goods would go through the roof, as a result companies would have to hire shitloads of people to take care of the increased demand, pumping more and more cash into the economy, the tax revenue from the increase in payroll taxes would go through the roof and the US economy would be back on top within a year at most.


Wouldn't even matter what people spent it on. They spend it and it goes to someone else who spends on someone else & on & on. Not a long term solution by any means, but a solid enough kick in the ass for a few years to ignite the economy.

Downside is we would have instant MASSIVE inflation. even minor shit would skyrocket temporarily. So some type of price 1 year temporary price freezes on everything would have to be implemented.

[sadaist]

Another benefit would be to announce it 1 year or 6 months in advance. You must be a taxpayer with taxable wages and not on welfare to be eligible. Watch how many people get off their asses & the govt dole to find a job fast to make sure they are eligible for the big check coming soon.

More people working = more taxes to the govt budget = less money in welfare = even more money avail in the budget


this idea is getting better the more i think about it HR.

[Nickdfresh]

Actually some creditors have found a way to have people jailed over debts. When you default they can file a summons to appear in court so they can get a judgement/lien. If you don't show up (which most people don't) they can actually start a process to have a bench warrant issued for your arrest for failure to appear.

Now you're in jail for not paying a bill.

Its terrible & underhanded but it is happening.

Yeah. Though, they can also be sued for issuing a "sewer summons", basically intentionally sending letters of notice to old or even wrong addresses...

[clarathecarrot]

Exactly what Thom Hartmann says in the above video, and exactly what I have been saying for years. The bailout should have gone to the PEOPLE. And when the people were able to pay off their mortgages, credit cards, and student loans, the banks would get paid anyway. That would have been the sensible way to do it, and the way to save the economy, since people who don't have to pay off debt are more likely to spend the money they have. Which is what the real economy (as opposed to the Wall $treet casino fictional "economy") is completely based on.

YES,
I say people are ultimateley responsible to honor their debts but the communism bail-out of the Car Companies a few years back would have been more effective if applied towards all the in debt students and IRS back taxes owed by individuals, it would have saved the economic problems we are having now, by freeing up those debtors and stimulated spending.

You can say it costs the government money to relieve those debts for individuals as in then they won't be collection of those loans..but we all know the car company money just went into the pockets of the owners and back to Obama and his cronies thru a Cayman Island kick back account.

It sure didn't pay off any Motor City Debt...it just made the economic collapse happen faster. < but that is another psy-ops thread in itself.

[clarathecarrot]

I won a judgement against a company I was sub-contracting from in small claims court back in 1995 only 1,400.00 or so and they are supposed to pay off by court order then they claimed bankruptcy and screwed many sub-contrctors out of what was ultimately a couple hundred thousand bucks.

Opened back up a month later in the same location under another name...a lein against them is useless at that point and would have cost more to file than the debt owed ..in hassle bucks.

[ODShowtime]

Yeah I'm pretty sure giving everyone $114,000 is the same as giving everyone zero dollars since the inflation would immediately lower the value of cash.

[vh rides again]

There are thousands of people in prison for failure to pay child support.

The attorneys general in the state of Illinois are as corrupt as they come.
If you show up at a hearing without a lawyer they will fuck you in the ass for the rest of your life.
They totally disregard state and federal laws regarding your payment amount and deductions.

In Illinois, everything including your toiletries are a deduction on what your going to pay, but they won't tell you that.

They want people to struggle and quit paying so they can charge 9 percent interest and take away your drivers license.

The bad part is that most people paying child support don't make a decent salary and are forced to carry high dollar health insurance on their children too.

So a guy forking over a hundred bucks a week for family insurance for him and his kid coupled with 20 percent of his income on top of it is in a bad situation.

They are going to say fuck this, no matter if they are dead beat dads.

You can't be jailed for not paying child support, but you can be jailed for contempt of court.

Now they got ya where they want you.

[vh rides again]

I won a judgement against a company I was sub-contracting from in small claims court back in 1995 only 1,400.00 or so and they are supposed to pay off by court order then they claimed bankruptcy and screwed many sub-contrctors out of what was ultimately a couple hundred thousand bucks.

Opened back up a month later in the same location under another name...a lein against them is useless at that point and would have cost more to file than the debt owed ..in hassle bucks.

Head on over there with a utility knife and have some fun with all their company vehicle tires.

Might make you feel a little less ripped off.

You could make it a yearly thing:)

[Nitro Express]

Wouldn't even matter what people spent it on. They spend it and it goes to someone else who spends on someone else & on & on. Not a long term solution by any means, but a solid enough kick in the ass for a few years to ignite the economy.

Downside is we would have instant MASSIVE inflation. even minor shit would skyrocket temporarily. So some type of price 1 year temporary price freezes on everything would have to be implemented.

The government could put it into an annuity where the sum is paid out in increments. You could also make the money conditional to where it could only be spent on college tuition that way the money isn't wasted on stupid stuff and of course helping people get an education is an investment. The government will recover a lot of that money in the form of higher taxes from higher wages. The government made money on the GI Bill and it was win win for everyone.

[ELVIS]

Exactly what Thom Hartmann says in the above video, and exactly what I have been saying for years. The bailout should have gone to the PEOPLE.

Ron Paul said that way before you or Dr. Creepy...

[FORD]

Ron Paul said that way before you or Dr. Creepy...

I doubt that, since I've been saying it since the stupid bailout itself. But I'm not surprised Ron Paul also said it. The problem with Ron Paul is that he knows the banks are evil, but he fails to see the reality that de-regulating them is what allowed them to be evil in the first place.