How about racking up some serious debt then defaulting on the loan?

As a form of protest, a kind of Robin Hood type deal. I have credit card companies offer me cards with $35,000 credit limit. If I were to buy $35,000 in gold bullion or some other form of cash with that credit card what is stopping me? It's their own damn fault for offering me credit that I no way could ever pay back. It is actually them standing there with a man trap or a noose, enticing me to join their little ponzi scheme and then snatching me up and making me their slave. I could, flee the country or declare bankruptcy. The U.S. government often forgives loans to major corporations and they often just give companies my tax dollars in the form of corporate welfare. I want to get in on some of that action on my own terms.

However, this scam is old, old, old. You have to somehow get the loan as a corporation without signing a personal guarantee.

Got to be willing to break a few eggs to make a cake.

I spent 50 years on this planet with a broken heart because I didn't understand that everybody will lie, steal or cheat if it's their ass on the line. The last few months I've begun to try to learn to not expect "ethics" from people, and spend a lot less time angry. People never think they're being unethical when they are, they always have it wrapped in some rationalization or another.

We even have to lie to get our kids into the doctor where I live. If you don't say your kid has had a cough for more than a week, the triage nurse won't make an appointment. If you dont' specifically say HIGH fever, no appointment. Our entire culture is based on lies. Don't beat people up for "ethics". They don't exist.

'cause I don't think anyone here will be willing to "help" you.

Could donate the money to a charitable org.

And right wingers would have you believe that the majority of bankruptcies are just like that: irresponsible overspending with no intention of repaying.

The reality is that bankruptcy can have a powerful and negative impact on your credit for some years down the road. Each state has different rules about exactly what you get to keep in bankruptcy, so if you really want to do this, make sure you figure out exactly what you're doing, and what the consequences will be.

when the central banks of Japan and China stop buying up our debt.

It is just fine and dandy when they do it or when the rich do it.

Great deal. Bankrupt, rip off all your workers, change your business name, and on you go. But people will still shake their finger at those who were ruined by these actions instead of the system that let the corporation do this in the first place. Endless brainwashing.

Smashing the system in order to rebuild it. Anybody who thinks that I was speaking from a POV that I wanted to simply "make money from some scam" is way off mark. Hell, I'm just talking out of my ass anyway because I ain't gonna do any such thing, I just like to propose "what if" scenarios to get people thinking.

deposit it, transfer it to an online savings account with a 5.25% rate or better for the length of the 0% offer. Pay the minimum on the credit card, then when the 0% goes away take your money out of the savings account pay off the balance before interest is charged and keep the interest you earned with their money.

If it were, everyone would do it.

I think what we're really talking about here isn't so much taking advantage of the CC co's or the banking industry so much as doing those industries real, lasting financial damage that could well put them under.

I'm all for that.

It's a risk the company takes, very few do it. The credit issuer is just out 6 months interest, but for everyone who takes $5,000 does this and pays them back in 6 months there are many more who pay off something with the $5K or blow or spend it in some manner and then pay interest to them on it.



Edited to add: Since a good portion of our household income comes from the financial/banking industry I have no interest in doing them any financial damage.

which is how that check to yourself would probably be seen. Cash advances are usually not in the same credit structure, garner higher rates, etc.

I don't know though, someone could probably pull it off.

Hostile Takeover: How Big Money and Corruption Conquered Our Government--And How We Take It Back
by David Sirota



http://www.amazon.com/o/ASIN/0307237354/ref=s9_asin_image_1/102-2338533-6255352?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=center-2&pf_rd_r=143Z5H846CWNDGA66PD6&pf_rd_t=101&pf_rd_p=278240301&pf_rd_i=507846

My local library has it. Maybe yours does too. Or if you're able, buy a copy for yourself & when you have finished reading it, pass it on.

after you do though you better plan on living on a cash only basis for the rest of your life, being hounded by debt collectors for the rest of your life, doing shit jobs, renting, and living in the shadows for the rest of your life.
The game is rigged, they use credit checks for everything now, have a blemish and this would be a major blemish, no job, no house, no credit ever again, so, yeah you could do this, but the thing to do is if you're going to steal, steal big just like snarlin dick and chucklenutz are doing, 35,000 is chicken feed.

You can secure financing pretty easily after bankruptcy these days. I'm in the mortgage business.....Fannie Mae allows conventional financing 2 years out of bankruptcy. I just did a 100% deal for a person 2 years out of bankruptcy. The kid did a nice job of cleaning up his credit report AFTER the bankruptcy by removing inaccurate information.........AND re-establishing good credit since the bankruptcy.

Any credit you use you are expected to pay back as a responsible adult. Looking at it in any other way is just pure stupidity.

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Take up with bushco? What the fuck are you even talking about pal? Do you even know what you're talking about? What the fuck does that even have to do with your nonsensical thread topic, even though neither of these makes any sense whatsoever? Do you just type cause you like typing or something?

And enough with the immature personal attacks. If you're gonna respond then do so in context. Your OP made no sense whatsoever and you didn't respond at all to what I replied. Is that because you couldn't and because you recognize that your OP made no sense whatsoever?

You really are quite silly pal.

Too bad this isn't one of Skinners threads so you could suck up a little more. You do like responding to Skinners threads don't you?

In fact, it appears your sole intent is to attack someone personally. Pretty weak way to respond to someone to be honest with ya.

As far as sucking up in Skinner's threads goes, that's the oddest complaint I think I've ever heard. I don't respond in his threads with any more intent than anyone elses and your accusation was beyond baseless and childish.

But if you're going to insist on personal attack instead of addressing the context of YOUR OWN ridiculously premised nonsensical thread, then there's no use in wasting time with you.

See ya. :hi:

and we don't suck up to him...


go back to your laughing stock board

:eyes:

There are "benchmarks" to meet when someone files for bankruptcy.. and were even before the laws changed.

My friend almost didn't meet them because she had 2 cars..(they waived it since they were both older)... so having bought gold with credit card money would certainly raise a few red flags :)

It's a great idea. Let us know how the scheme works out for ya.

:eyes: