Posts by Nicole Gomez38

The issue with your logic is that you’re treating the symptoms rather than tackling the actual disease. If it’s obvious that these loans became unpayable because of those currency clauses, then the only real solution is to strike down those clauses as unconstitutional and force a refund of the overcharged amounts. Anything else—well, it's just cosmetic window dressing meant to drag out the agony.

If you "extend" a loan by ten years, you'll end up paying an extra $50,000 in Swiss Francs regardless of the exchange rate, all just to shave a few bucks off the monthly payment. That doesn't look like a winning strategy to me—unless, of course, you're on the payroll at a big Bank (or doing PR for Jeb Bush and the Republican Party).

Honestly, if you were actually stuck with one of these Swiss Franc mortgages, I think you'd grasp this simple math a lot faster.

Andrew Booth29 said:We also need to remember that Argentina actually had a banking system that was incredibly stable, well-capitalized, and utilized solid risk management—even while weathering significant recessions. Their collapse didn't happen because of market forces alone; it happened the moment the government scrapped the currency clause and forcibly converted loans and deposits into pesos (and did so using inconsistent exchange rates for different accounts).

Are you really one of those people trying to convince others that foreign-currency loans are a good idea? Why don't you mention the massive economic fallout of pegging a domestic currency to a foreign one—basically turning the central bank into nothing more than a glorified money changer—for the US Economy?

The US started rolling out this model back in 1991, and it took just ten years before everything hit the fan and they had to ditch it entirely in 2001. Beyond just having an impossibly huge external debt, there are plenty of other nasty side effects to this kind of monetary setup:

1. Unemployment skyrocketing (jumping from 6.1% in '91 to 15% by 2000)
2. Poverty rates climbing (simply because the economy is falling apart)
3. Stagflation (where prices for goods and services climb while wages drop and unemployment rises)
4. Domestic profitable industries being sold off to foreign corporations—who then lay off local workers and bleed all the profits out of the country
5. Foreign banks keeping local citizens trapped in a cycle of debt slavery

Why won't you admit that an economic meltdown and unmanageable external debt are the inevitable results of this type of monetary policy? This model was doomed to fail eventually because, frankly, it was unsustainable in the long run.

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...

How exactly am I supposed to "profit" when I'm paying more interest and stretching the loan out an extra 10 years? (If you owe $100,000, you end up owing an extra $50,000!)

Are people really expected to be paying these off until Judgment Day? Or are we just leaving nothing but mortgages to our kids—basically living as lifelong tenants for the bank? What’s even the point of a home loan if you’re stuck paying it off forever (or even posthumously, since not everyone makes it to 75)?

neondriver5 said:

We might as well just send the police to raid people's homes and seize whatever cash they have stashed under their mattresses. Why bother stopping at the banks? We could just go after the predatory lenders, too—and even kids, teaching them a lesson by emptying their piggy banks.

What on earth? There isn't really a connection there, unless you're implying that both situations amount to theft—but even then, that’s a bit of a stretch for a comparison.

It seems we’ve fallen back into that old habit where tearing someone else's idea apart is much easier than actually coming up with something of our own.
It’s funny how the definition of theft changes depending on who is doing the stealing. When it involves direct handouts to the public or residents who have been grinding away to pay off massive loans and crushing interest rates, suddenly it's "generosity." But when a handful of greedy idiots jeopardize the liquidity of the largest banks in the US, forcing the government to bail them out using taxpayer money just to prevent a total collapse? That’s suddenly not considered theft.

Here is a little moral hazard for you, since you seem so hell-bent on chasing it. 😬 How do you prevent people in high-level banking positions from acting purely out of self-interest when they know the government will eventually bail them out if things go south? When there’s a guarantee that the state will step in to cover their tracks, rational decision-making takes a backseat to reckless gambling.

The currency clause needs to be scrapped for all existing loans. Banks aren't even interested in offering new loans tied to the Swiss Franc anymore, and honestly, you have to ask yourself why.

The solution is simple: abolish the currency clause entirely. Declare it unconstitutional and force a full refund of every cent overcharged to debtors. That’s it. Period.

I’m not so sure that’s going to happen, and honestly, the thought of things moving backward like that scares me. If they could at least manage to eliminate variable interest rates on new loans, that would be a massive win to start with.
Theoretically, there might be a way to do it—keep the dollar stable against the Euro and then just pull an average from the last several years to set a middle-ground exchange rate for the Swiss Franc. But let’s be real: I don't see the Hub ever agreeing to that. And honestly, it's not like the government has much leverage to force their hand anyway.

It'll happen if it gets declared unconstitutional. The government has the power to slap an asset tax on them, pass laws to crash the maximum allowable interest rates, and effectively put a noose around the banks' necks.

The banks were sold off for less than what it cost to bail them out in the first place. Taking back what was stolen from a thief—or rather, returning it to the people—isn't theft; it's an act rooted in justice and the law (provided the government actually changes the regulations).

neondriver5 said:It’s interesting how many people are quick to tear down someone else's methods while refusing to lift a finger themselves. It’s easy to spit on someone else's work; why don't you step up and present your own ideas?
Sure, nationalizing banks isn't a realistic option right now. But let's look beyond our borders for a second—that's exactly what happened in the USA a few years back when some of the biggest banks buckled; taxpayers were the ones footing the bill for the bailout. Here, it would be the exact opposite: their profitable operations would just be "transferred" onto the taxpayers.😁
Look, I'm not saying this is the perfect solution, but something has to be done, and there are other ideas being floated here too. On this thread, we could really focus on the issue of the Franc.

A good starting point would be eliminating variable interest rates for new loans, forcing banks to tie the value of X to real economic indicators rather than leaving it to the whim of Bank management, and converting existing loans to a fixed rate based on actual exchange rates. If those things actually happened, it wouldn't cause any absolute losses for the banks; it would simply level the playing field between the lenders and the borrowers. You all seem to forget that behind these banks stands a massive army of lawyers and litigators, while your average Pero Perić just knows his monthly payment is $X and he needs to scrape together a few extra bucks from his pocket to cover the difference. That's pretty much the reality of it.

The currency clause needs to be abolished for old loans too. Let’s be real: banks aren't even offering these Swiss Franc-based loans anymore—ask yourself why.

Basically, we need to kill the currency clause entirely, declare it unconstitutional, and force them to refund every cent overcharged to debtors. Period.!!!

Robin Rodriguez5 said:It looks like the government has been running your playbook for years. They’ve been using that exact strategy—driving things into the red—with their only major player, Wells Fargo. If every bank in America followed that pattern, we’d be living in a real-life version of Mad Max on our streets.

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.

Jerry Williams41 said:Look, Pernar, if you actually are who you say you are, this is where you trip up, because while people might start off wanting change, they eventually realize you don't have the slightest clue what you're talking about.

My bad.

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.

Every single libertarian out there is pushing to dismantle this criminal monetary setup and hand control back to the government.

In America, you can't pull that off without nationalizing the banks—which we could achieve just by tweaking tax laws. We’d essentially squeeze the banks into losses until foreign owners get tired of paying for endless bailouts and just hand the keys over to the state.

And let's be clear: I'm not talking about those old-school, communist-style expropriations.

You also have to realize that what I’m proposing for the banks is exactly what the government is already doing to us—taking nearly 40% of our paychecks while people are barely keeping their heads above water.

@"On the other hand, debt default shouldn't really worry the borrowers, but rather the lenders."

Yeah, sure—that's easy to say when the bank isn't seizing your entire paycheck or kicking you out of your house.

PS: Nationalizing banks isn't some "communist" plot. Sweden did it back in '92 during their credit crisis, which was pretty similar to what we're facing now; France pulled the same move in '82. If you want to see how this has been handled globally, do some digging.

http://en.wikipedia.org/wiki/Nationalization

Jerry Williams41 said:Hey, Pernar, why on earth did you go and steal those charts from Nostradamus?

Because they work—and frankly, I didn't feel like wasting my time sketching out the exact same scheme from scratch. Besides, I wouldn't mind if he lifted a few things from me; we're both fighting the same system, after all.

It’s blindingly obvious to everyone that the Federal Reserve is basically just a giant currency exchange, yet nobody bothered to map it out until now. So, I have nothing but respect for him—it isn't enough to just write these things down; you have to visualize them so people actually get it. He really went a step further than the rest of us.

As for those money supply versus credit deployment graphs, I didn't rip those off his work—I built them myself. And honestly, it wouldn't bother me if he did copy mine; in fact, I’d be thrilled if you all copied them and shared them everywhere. People need to understand that in this current setup, debts are simply unpayable. Because of how currency clauses work and the lack of non-credit issuance, the gap between debt and the actual money supply is widening every single day—debts are growing four times faster than the money supply itself.

That is why illiquidity is skyrocketing, along with the number of foreclosures and seizures. This crisis, caused by an anomaly in the monetary system, will only deepen unless the entire system is overhauled. In fact, things will only get worse because that is exactly how this model was designed to function.

Make no mistake: under the Republican Party/Democratic Party model, banks will continue to swallow up more and more real estate and corporations.

Douglas Reed3 is just a pawn for the establishment. As long as we stay tethered to the Euro—meaning the Federal Reserve essentially acts as nothing more than a glorified currency exchange—getting rid of the currency clause is an impossible dream. That clause isn't the root cause; it’s merely a symptom. If you want real change, you have to fight to overhaul the entire monetary model, because one simply won't work without the other. Douglas will try to convince you they're unrelated, but anyone with half a brain can see the connection.

"America needs to 'detach' itself from the Euro before it ends up just like Argentina!"

It’s good that you caught on to the fact that the Democratic Party is playing for the system (the banks)—they're firmly against abolishing the currency clause. And the Republican Party? They're the same way.

The whole point of non-credit money issuance is to balance debt against the money supply—if you don't have that balance, debt outpaces liquidity almost immediately (under the American monetary model 4 x)

Basically, any monetary system that relies solely on long-term credit rather than primary (non-credit) issuance is a fast track to total economic collapse; it just uses interest rates to bleed every bit of value dry. We see the evidence in real life every day—people just refuse to admit it.

The real killer is what I call "cumulative interest." Picture an American city with a million productive citizens. If everyone takes a one-year loan from $333 at a 10% interest rate, they’ll eventually have to pay back $367. After that year, they owe a combined $1.1 billion. The bank pockets $100 million, leaving everyone with $33 less than they started with. To bridge the gap, they take out a new loan, but this time it's for $367. By using $33 to cover the initial loss, they end up with $333 in debt. But now, the repayment requirement jumps to $403. Two years in, everyone is left with $70 less than their starting point. Meanwhile, the bank has raked in another $110 million, totaling $210 million in profit. As people take larger loans to stay afloat, the cycle repeats—you're drowning in deeper debt while your actual cash disappears.

To maintain the same level of purchasing power, we have to borrow more and more just to keep up. And what do the political elites do? Instead of fixing the broken monetary model, they push the country and its people into even deeper debt—essentially driving us toward modern-day debt slavery. Sadly, most folks won't realize how unsustainable this is until it's too late—until the day their accounts are frozen or the collectors come knocking. And honestly, some won't even realize it then.

Both the Republican Party and the Democratic Party claim that a monetary model where the Federal Reserve acts as an exchange bureau (with currency clauses) is fine, yet they also argue that long-term non-credit money issuance isn't sustainable. But those of you reading this can see the truth! Unfortunately, to see it clearly, you practically have to bang your head against a wall. The system will keep deceiving you until enough people hit that wall and realize the entire model is unsustainable—it's predatory, plain and simple.

The current American monetary system looks a lot like the Argentine system right before its crash...
http://zelenapolitika.wordpress.com/...veo-u-propast/

The only way we can beat this system is if we all stand together...

For those of you drowning in debt, you’re facing two massive hurdles

1. The impossibility of paying off the debt because there is no non-credit emission from the Federal Reserve (you basically have to take out a new—larger—loan just to pay off the old one)
http://www.youtube.com/watch?v=zplkkuwQpcQ [I broke it all down right here]

2. The existence of currency clauses—which only exist because the Federal Reserve acts more like an exchange bureau than a true central bank.

If the Federal Reserve actually starts acting like a central bank again, part of the debt caused by those currency clauses will be resolved. And if non-credit emission is introduced, the rest of the debt issue gets solved too, because loans will finally become repayable. See, if you only have debtor inflation (without non-credit emission), you eventually hit stagflation—costs keep climbing while wages just sit there.

If some money is released through non-credit emission, you’ll eventually see classic inflation (where both costs and wages rise), but your monthly loan payments won't spike. Since interest rates stay fixed from the start, there are no currency clauses, and the money gradually loses value while more of it enters circulation.

Under the current model (lacking non-credit emission), debts are growing four times faster than the money supply—so even without those pesky currency clauses, the debt is unpayable. That's why we see so many freezes and foreclosures, and why illiquidity grows by a billion every single month. It's a incredibly complex issue; to find the solution, you have to stop looking at it through the lens of personal finance (like "my mortgage") and start looking at it macroeconomically (through credit placements). Once you do, you'll realize that your struggle with unpayable debt and financial bondage is tied to an abnormality in the monetary system, not just a personal failure.

coastalmarlin64 said:John, you're an economics major, right?
Is this stuff they actually teach you in class—meaning most students there should already know this—or are you just flexing your own brainpower here?

So, what's your big idea? What are you proposing?

I’m not an economics major, but I follow the field closely; honestly, if you just look at the facts and connect the dots, the problem and its solution become obvious.

Besides, you won't find this curriculum in any university textbook—educational institutions are essentially controlled by the political elite, which in turn answers to the kings of money.

I already laid out my solution during my appearance on independent TV...

http://www.youtube.com/watch?v=9rr1uh39tr4

Just so we're clear, the flaws in the monetary system are the primary reason I started these protests.

Vice Media, unfortunately, that video hits the nail on the head... The Federal Reserve is basically just a currency exchange at this point, which is why that currency clause exists—and unless they overhaul the entire monetary model, that clause isn't going anywhere.

Greetings, everyone. I am the "so-called" Donald Trump you've been discussing here. The reason currency clauses exist is quite simple: the Federal Reserve operates like one massive exchange house. Unless that fundamental structure changes, those clauses aren't going anywhere. You need to realize you are fighting a predatory system where both the Republican Party and the Democratic Party are deeply entwined with the financial elite. Protests and bank blockades won't save you—the only way out is to challenge the system politically and vote this filth out of office.

In this video, I break down the issues within our monetary system; if you want to understand how it actually works, you really should give this a watch...

http://www.youtube.com/watch?v=zplkkuwQpcQ