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American and Eurozone Debt Explains Bachmann's Migraines

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Message Merv Ritchie

So here is the final thought.

Go to your banker this month and tell him you can't afford to make the payments on your mortgage. The banker has the option of allowing you to just make the interest payment to give you time to get more financially stable. This is similar to making the minimum payment on your credit card. You are simply paying the interest, not reducing the amount owing.

Next month go back and ask if you can borrow more money so you can make that interest payment you owe. He or she might laugh you right out of your home. But then imagine what is happening in the international banking world. With Greece, bankers are offering to reduce the total of the amount owed (just because) so they can lend them more money to pay the interest they owe. Ya just can't make this stuff up.

No wonder Ms. Bachmann has a headache. The credit rating agencies (another group of charlatans) have reduced her country's rating, which will increase the interest rate the USA will have to pay for the money it borrows from the international bankers, to give back to the same bankers, making this whole untenable situation all the more stupid.

And yes, Libya printed its own currency. Libya was in the process of getting most of Africa to join them in refusing these international bankers.

Tell me -- why are we bombing Libya again?

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Mid 50 year old male. Generally a blue collar worker. Heavy duty mechanic by trade, later, Diesel electrician, then alternative energy systems importer, seller, designer and installer. Then a home construction general contractor and now a web (more...)
 
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