Oct 24, 2012
Jim Macklin, one of our senior securitization analysts, wrote a piece that I thought was worth publishing. He is located in Sacremento, CA.
We consider our Constitution of the Untied States the law of the land under which all other laws must conform. This law of the land specifically and expressly provides for bankruptcy because it was obvious that without a way out, without a way of starting over, slavery and oppression would return to our shores. Here is what Jim wrote —
Here in America, we abuse our poor and call it the lottery, we neglect to discipline our children and call it building self-esteem, we allow the theft of our homes and refer to it as “allowing the market to self-adjust”, we elect people to public office who cannot balance their own checkbooks because the banking cartel tells us in the media that this is our only choice, and we reward laziness and call it welfare… I for one, am not contributing to the spectacle that we call the “Democratic process” any longer…instead, I will do my part in relieving the 1% of my share of the American dream by systematically encouraging every eligible person to file for bankruptcy protection, thus re-starting the debt basis from a given point and estopping the “creditors” from their orgy of taking everything from us…the ones who drive the bus! The wealthiest people in the world use the bankruptcy laws to their advantage every single day of the year and secretly hide the processes from the masses of eligible, hard working people who are the only ones who truly deserve the protections of this economic tool given to us centuries ago.
Don’t let the social stigma of “the B word” discourage you from exploring the untold benefits of a well strategized bankruptcy filing…talk about it at parties, question your local counselors and attorneys, smile and relish the thought of burying your un-wanted, un-payable debt service…the banks are not counting on a massive move to by the general public to the protections of the bankruptcy court because it is they who have espoused the “dangers” of personal bankruptcy filings…yet is also they who use and abuse these exact laws to their benefit. If everyone files for bankruptcy…everyone will also be available to garner new credit ratings and offers of credit in the future…or the banks will simply cease to exist…not a bad scenario for anyone…eh?
Why do you think that the banks are the only ones who publicly denounce the use of bankruptcy as a financial tool? Yet, only months after the confirmation of a plan in bankruptcy, the average debtor receives many new offers of credit. The banks cannot survive without you, America…start acting like you’re driving the bus…not being thrown under it. Do your part to kick-start the economy for the future generations of Americans…file Bankruptcy and force the politico to come to heel… or drag your financial chains down the road another few years until you cannot afford to eat or pay for health care…or are you already there?
jim


