Posts by coppersurfer21

Harold Nelson6 said:Forget the chips—it’s summer, you gotta watch your figure... 😁

You didn't justify seizing private property at all—here was my actual train of thought:

1. Zabotinski claims you'll use your own savings to fund Pernar's ideas
2. You mention turning those savings into "real" money
3. I'm just jumping in to say that even that "real" money won't save you once we hit the Mad Max scenario Pernar is setting up for us... 😁

My comment was more of a general observation—I just get the feeling a lot of people will fall for these "solutions." I wanted to point out that the people offering them have a very specific mindset—they always point the finger at some third party as the root of all evil, when really, they're just peddling demagoguery.

Honestly, those "solutions" that rely entirely on tearing down and spitting on whoever's currently in office drive me insane too. Look, I agree the government, the ruling party, and basically 99% of the opposition are all running for the same garbage, but if you actually want to offer a solution, you need to bring something better to the table. You can't just base your entire "platform" on trashing everyone else.

Plus, that Facebook group and their leader? Total nonsense most of the time.
In my opinion, an organization with actual, clearly defined goals has a way better shot at making something happen.

We all saw how that organizer's protests ended—just little walks in the park. They got shorter and smaller every single time until they were basically non-existent.

neno1966 said:Back to nature, huh? Calling it "carelessness" is a bit of an understatement when you realize people jumped at those Swiss Franc loans just because the interest rates looked better than the Dollar. Total madness.

If anyone deserves to be called reckless in this situation, it’s definitely the banks.

Nicole Gomez38 said:The whole argument that banks should be foreign-owned just to prevent theft is totally nonsensical. By that logic, we should probably sell off Duke Energy, the water supply, the national forests—basically everything—to overseas investors. The issue isn't that these companies are state-owned; the issue is that when the wrong people—specifically the mafia currently running the Republican Party—are in charge, they steal from whatever they control.

Hey, you're entitled to your opinion. Personally? I have nothing but respect for the LGBT community. If debtors dealing with currency clauses were even half as organized and united as the gay community, those predatory clauses would have been abolished years ago. While some of you are busy looking for reasons to tear each other apart, the gay community understands that having a common goal is more important than petty bickering. Just something to chew on.

Oh sure, let's just start taking handouts from overseas donors like the LGBT crowd does—yeah, I totally agree, that’d definitely make us more productive and way more united. ☕

rustywalker82 said:The reprogramming is actually a win for the debtors.
Franc is at record highs right now, and if it starts dropping, extending the repayment period means the debtors come out ahead while the bank takes the hit. There's no turning back once that happens.

If a drop doesn't happen, loans with those kinds of currency clauses are mostly uncollectible anyway, so they'll have to find other ways to handle it.
In the long run, it's unlikely that debtors under one currency clause versus another will see huge differences in what they pay.
That wasn't the intention behind the currency clause either; these are domestic-based loans, not foreign ones, and the banks know that perfectly well. They also know the guidelines they received from the Federal Reserve for these types of loans—guidelines they completely ignored.
Just like the government ignores its own issues, and the Federal Reserve ignores theirs...

Nope. Not even close.
If you honestly think banks are ever going to offer something that actually benefits the customer instead of just lining their own pockets, you’re dreaming. Seriously, get real.

Jacob White14 said:If it happens, it happens. If we all had a crystal ball and could see the future, everything would just be simple arithmetic, wouldn't it?

By the way, nobody truly knows what things will look like five years from now, let alone trying to forecast twenty or thirty years down the line.
The Franc might lose value—meaning the Dollar could strengthen—but there's no guarantee. For all we know, the EU could face a total collapse in the meantime. People are already saying the world is headed for disaster next year, so while you’re looking at the bright side, there's plenty of dark scenarios to consider too. We really ought to be brainstorming solutions that hold up even when things take a turn for the worse, don't you think?

Nobody can tell you for sure what the next 20 years are going to look like. The only thing that's a total guarantee? This whole deal, cooked up between the government and the big banks, is just a move to make sure they can squeeze those loan payments out of us easier, both now and in the near future. If the wind shifts, you better believe the banks will be the first ones to pivot. No doubt about it.

It’s been a minute since I actually posted on this forum, but I’ve been lurking in this thread because it hits way too close to home. Finally decided it was time to weigh in with my own story.

I took out a mortgage with Hypo about 3.5 years ago. It’s in CHF, obviously, and without a fixed interest rate. When my wife and I first signed the papers, the monthly payments were eating up 35% of our combined household income. Now? That number has climbed to 40%.

I noticed nobody here has really chimed in on this news from a couple of months back.

Here’s what caught my eye:

The first step was implementing a six-month moratorium, with the option to extend for another six. The second measure allows for changing the currency clause tied to the loan—basically converting it from Swiss francs to US dollars.

On top of that, the Bank is letting clients restructure their mortgages or personal loans. For all types of mortgage restructuring, the maximum repayment term has been extended from 35 to 40 years, and the maximum client age at the end of the loan term has been bumped up from 72 to 77.

Has anyone actually looked into the details on this? I shot an email over to the bank last week (I’m too slammed to actually drop by a branch right now), so hopefully someone gets back to me. In the meantime, I’m curious if anyone else here has tried dealing with this?

Right now, converting the loan is a total joke because of the exchange rate, so I’m mostly interested in how the moratorium works and what the actual process looks like for restructuring the debt.