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Tom Hyland

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In Debt we Trust
By Tom Hyland
Last edited: Wednesday, March 12, 2008
Posted: Thursday, March 06, 2008



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Recent articles by
Tom Hyland

• Delegate or Stagnate
• THE PARTY OF NO - PART DOS !
• sick - sicK - SICK !
• Is Life Just an Impulse ?
• BGE Sucks !
• THE END !
• MEDITATION ?
           >> View all 361
FOLKS, THIS IS LONG - AND IMPORTANT!

BUT IF IT 'WRAPS' INTO ONE HUGE UNREADABLE PARAGRAPH --- IT IS AD'S FAULT - NOT MINE!

OOPS! JUST SAW ON PBS, CHANNEL 22 - SOME GUY, BOB ROSS, DID FILE A CLASS ACTION SUIT!

DO SOME RESEARCH - IT 'WAS' YOUR MONEY!











In DEBT We TRUST

Copyright: 03-06-08 - Tom Hyland


Last night I watched this Documentary and was thoroughly disgusted when it was over - not with the film; but with - the System, the Banks, the President, and the Congress! Let’s call them THEY!

Our country used to be a system of hard workers who PRODUCED things.

But, like sheep, we have been led to the slaughter of being simply CONSUMERS.

Through decades of covert pay-offs by lobbyists, representing the banks, and credit card companies, we have been sold down the tubes. Just like planned obsolescence by product manufacturers, producing JUNK that doesn’t last - one by one, our industries have suffered - the STEEL industry - the AUTOMOBILE industry - the CLOTHING industry - and as each industry dwindled, so did the jobs of American citizens.

More and more, and more - FOREIGN IMPORTS started taking over. Now, even the hottest industry in the world - Information Technology - is being shipped overseas, leaving thousands upon thousands without jobs.

In fact, just tonight, the FREE STATE - MARYLAND - was on the NEWS, if the recent increase in service TAXES does not EXEMPT the IT industry, thousands of Maryland residents will lose their jobs! WHY?

Because the Company, the Corporation just does not care! THEY will “outsource” those jobs!

Our nation is now merely a HUGE SERVICE INDUSTRY, PRODUCTS are now secondary - something to be purchased on CREDIT!

MALLS have replaced FACTORIES! BUY! BUY! BUY!

The people UP TOP, in every position of authority KNEW that the Real Estate Market was being OVER-PRICED - ON PURPOSE - but WHY?

If every house has an inflated, unrealistic value, then every borrower who seeks a Mortgage is going to be paying INTEREST to every bank, every mortgage finance company, and for a LONG, LONG TIME!

They also KNEW that by granting mortgage loans to people with less than perfect CREDIT would allow them to charge HIGHER SUB-PRIME RATES! Thereby LOCKING them into an untenable situation, and on top of this, MILLIONS OF SUCKERS WERE GRANTED 125 PERCENT LOANS! Pray-tell, what will happen if the market DROPS?

As if this was not enough gall, they also LOOSENED the controls on Federal laws, so that PREDATORS could BAMBOOZLE honest families into signing contracts with TERRIBLE, UNFAIR, hidden clauses that would result in FORECLOSURES and BANKRUPTCIES!

FOOTNOTE: Back in 1997, when the mortgage finance market was taking off by leaps and bounds, I PASSED all the tests and training, and became a MORTGAGE LOAN OFFICER -

I actually PRINTED OUT all of those voluminous forms - approximately 40 PAGES per “DEAL.” At SETTLEMENT - NO ONE TOTALLY READ ALL THAT LEGALESE ‘GARBAGE’ - NO ONE! Between all the ‘ADD-ONS’ - EXCEPTIONS, and HIDDEN CHARGES - THE COST OF RE-FINANCING A HOME WAS EXORBITANT! I spent 9 months attempting to succeed at this occupation, but I FAILED MISERABLY! WHY?

BECAUSE I WAS A LOUSY LIAR, AND HAD A LIFETIME OF INTEGRITY AND A CONSCIENCE! I QUIT!

I had a good personal friend who did re-finance, and was stuck with a WHITE ELEPHANT that he couldn’t sell for over a year! He and his wife had moved, and were stuck with RENTING out one house, and paying TWO MORTGAGES CONCURRENTLY, ultimately selling at a huge LOSS! I’m truly glad I was NOT the loan officer!



Anyway, the greedy leaders and CEO’s - THEY - KNEW that it was only a matter of time, and this FALSE BALLOON would not last! And guess what - when the BALLOON DID BURST - and millions of people starting filing for BANKRUPTCY - just what did CONGRESS, THEIR BENEFACTORS, AND THE PRESIDENT DO?

THEY QUICKLY, AND SURREPTIOUSLY PASSED A NEW LAW TO PROTECT THE DAMNED CORPORATIONS - AND SCREW THE PUBLIC!

I wish that Ralph Nader, or some other Consumer Crusader, would step up to the plate, and file a CLASS ACTION SUIT TO HAVE THIS LAW REVERSED AND DECLARED UNCONSTITUTIONAL!

But gee whiz, Tom - what about those poor, huge, greedy corporations? Wouldn’t they lose BILLIONS of dollars? YEP!

LET THEM EAT CAKE! LET THEM FAIL!
LET THEM GO BANKRUPT!

Back to the other side of the coin - PLASTIC - just who, how, and when were the USURY LAWS RESCINDED? WHY? To further screw the consumer? NAH! OUR ASTUTE ‘LEADERS’ WOULDN’T DO THAT!

Our entire economy now runs on SPENDING - NOT SAVING!

Our GNP or now, GDP - in my humble opinion is a total FALSEHOOD, because it is now based on SALES, NOT PRODUCTION!

FROM: http://www.moneychimp.com/glossary/gnp.htm

“GNP and GDP tend to be used as synonyms, although GDP is definitely the preferred measure among economists and is gaining popularity in general conversation as well; the two measures are fairly close numerically. The difference is that GDP measures all production within the U.S., by whoever happens to be working here; GNP measures the production of all Americans, wherever they happen to be working. (Maybe you can remember the "N" in GNP stands for "anywhere").”


Before closing this, just another of my many diatribes, let me return to the film itself. According to Danny Schechter, the Director, even the fast loans for Income Tax Refunds are SCANDALOUS - the money for the loans from the three biggest preparers: H&R BLOCK, JACKSON-HEWITT, and LIBERTY are mostly supplied by the WORLD’S biggest bank - HSBC - and because these loans are so SHORT-TERMED, the INTEREST RATE CHARGED CAN BE AS HIGH AS 390 PERCENT!

Let me repeat that - THREE HUNDRED AND NINETY PERCENT!

For your information, and edification, I am pasting some interesting facts about HSBC, from WIKIPEDIA. COM


“From Wikipedia, the free encyclopedia

HSBC Holdings plc (traditional Chinese: ???????? Hanyu Pinyin: huìf?ng kòngg? y?uxiàn g?ngs? LSE: HSBA, SEHK: 0005, NYSE: HBC, Euronext:

HSBC, BSX: 1077223879) is the world's largest financial group in terms of market capitalization. It was also rated the third largest company [1] by Forbes 2000.

HSBC Holdings was established in 1991 to act as the parent company to The Hongkong and Shanghai Banking Corporation based in Hong Kong.
The group's head office is located in the HSBC Tower (8 Canada Square) by London's Canary Wharf.

The group is named after its founding and largest member, The Hongkong and Shanghai Banking Corporation, a bank established in Hong Kong by Thomas Sutherland in 1865 to finance the growing trade between China and Europe.

The bank is the fourth largest corporation in the world in terms of assets[2] ($1.861 trillion as of December 31, 2007, while Citigroup reported $1.884 trillion).[3]

It reports its results in United States dollars, since 80% of its earnings originate from outside the United Kingdom. Nearly 22% of its earnings are from operations in Hong Kong, where it was headquartered until 1993. It is the largest bank in Hong Kong, and at the end of 2005 was the largest banking group in the world by Tier 1 capital.[4]

The group's shares are currently traded on the London, Hong Kong, Paris, New York and Bermuda stock exchanges.”

**************************************

SO - MY FELLOW AMERICANS - WHILE WE ARE ALL BEING DISTRACTED BY WORRYING ABOUT UNSAFE IMPORTS FROM CHINA - OUR ESTEEMED LEADERS -

THEY - HAVE SOLD OUT OUR ENTIRE FINANCIAL SYSTEM - TO CHINA!

IS THIS TRUE GLOBALIZATION?

AMERICA HAS BEEN SWALLOWED BY SHARKS!

HOW CAN ‘WE’ MAKE ‘THEM’ PUKE?



WHAT A COUNTRY!

GET THE MOVIE AND LEARN! TKH.
 

f

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Reviewed by Jackie (Micke) Jinks 3/7/2008
I remember in the early 70' when we were told by the U.S.Chamber of Commerce Pres that the U.S. had left the Industrial Age, and was now in the Information Age. Little did we know it was the Mis-Information Age! Shoud have been called the Outsourcing Age!!!
And during that time the foolish "people" were sold on the idea of CREDIT...read that GREED! GREED wasn't just for the wealthy anymore, but now for the uncommon man(woman). It became a time when "people" stopped buying what they could afford, and began with "what I want but can't afford!" Way too many individual bankruptcies have been filed by those under 35 in the past 25 years. And now the housing foreclosures: Shouldn't we have seen this coming?
Sad, sad times...
You hit the target again, with this article, Tom! wrap or no-wrap...

Micke

Reviewed by Mr. Ed 3/7/2008
THEY - HAVE SOLD OUT OUR ENTIRE FINANCIAL SYSTEM - TO CHINA!

And Japan owns much of our land, these days. And our leaders send many of our jobs to Mexico. And our wild horses are sent to Canada to slaughterhouses. And many of our veterans have to go to Norway or Denmark to afford surgery for their war wounds. And the list goes on and on and on...

I think we've all been asleep in this country for the last 50 years, while it's been raped and pillaged.
Reviewed by Tom Hyland 3/6/2008
THAT'S FIVE FOR FIVE - WRAPPED!

GEE, MAYBE I CAN WRITE MY CONGRESSMAN ABOUT AD'S F**K-UPS?

GET THE MOVIE - IN DEBT WE TRUST - AND WATCH IT - AND GET MAD!


Books by
Tom Hyland



Bawlmer, Merlyn - Home of The Hons

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