5 Reasons NOT to Pay Your Credit Cards

Are you one of the millions of Americans trying to decide between paying your credit card bills and eating?   

John Galt

We live in a matrix that goes to unspeakable expense to nurture us from the teat to be good consumers. You are issued a tax collection number at birth (SS#), another artificial number for your credit worthiness (FICO), and then you're extended a certain amount of tokens to play "life" based on those numbers.  This virtual currency, not unlike your earned Farmville coins, only has value because you give it value.  

It is a brilliantly designed game:  the banksters create a unit of money out of thin air; lend it to people with interest attached; get them to buy real items; then raise the rates, force people to work harder, hover like a vulture until expected default occurs, and rake in the forfeited assets.  Best of all, when the whole Ponzi scheme comes crashing down because they drunkenly gambled with your interest payments, the very people who destroyed you get bailed out by you with tax money.  And they call you the thieves when you can't pay them back.  The game is rigged for the house and it's always a Win/Win for them and a Lose/Lose for you.

Sure, you get to "rent" a flat-screen TV, a car, or a home from them, making life in the matrix almost worth it.  But, ultimately, you only temporarily use that stuff at great expense to you and massive profits to the banks.  After years and years of paid interest, you still never truly own anything.  The TV is now obsolete and worthless; you still must pay increasing property taxes and insurance on your homes and cars, even when your done paying the bank three times their value, all while they bought your years of servitude with nothing real or tangible.

In truth, if there was real justice in America, the criminal banking cartel would be arrested under the Federal Racketeer Influenced and Corrupt Organizations (RICO) Act, and their assets should seized and returned to their victims.  After their arrest and the unconditional release of all debt prisoners, a new, fair, and sound money system should be put in place for the benefit of all (See The Secret of Oz).

For the many who are contemplating dropping out of the corrupt debtor system, the least impact from the mafia will occur by ignoring your unsecured credit cards.  Before you take this action, be warned that you may have to return the signing bonus gift you received when got your contract to play in the big leagues. 

Here are the top five reasons not to pay your credit cards:

1. If you owe $6,000 on a credit card with a 20 percent interest rate, and you only pay the minimum payment each time, it will take you 54 years to pay off that credit card.  During those 54 years you will pay $26,168 in interest rate charges in addition to the $6,000 in principal that you are required to pay back (Source).
2. Under the legal fractional reserve banking system, the banks NEVER actually had the fake money for the credit they extended you in the first place.  They added you to their stable of debt slaves with a simple accounting key stroke.
3. The cartel of the large private banks are a proven criminal entity at the heart of most global problems including, but not limited to:  wars, genocide, famine, and resource plundering.  It's immoral to continue to support such a system on any level.
4. You won't need a good credit score to live outside of the matrix. It's a place in your mind where it is okay to not ever "use" anything with bank financing for the rest of your life.
5. Not paying your credit cards may be one of the only ways to make the matrix feel the weight of your protest without drawing too much oppression.

Since the foxes guard the chickens on Wallshington Street, the citizens may have to take justice into their own hands through peaceful resistance -- by simply dropping out of the matrix.  In other words, don't pay your phony debts to criminal banksters.

By not paying your debts, you should expect the system's goons to rain down fear by way of phone calls and mail to you.  Additionally, you will certainly risk losing your esteemed Farmville status and, these days, you may even win a free trip to one of the oligarchy's private jails. 

However . . . you could just wind up gaining some independence from your manufactured stress and servitude.

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New Ways Bankers Are Spying on You

Karen Blumenthal
Wall Street Journal

Big Banker is watching you—more closely than ever.

With lenders still skittish about making new loans, credit bureaus and others are hawking services that help banks probe deeply into your financial closet. The new offerings include ways to look at your rent and utility payments, figure out your income, gauge your home's value and even rate your banking habits based on details like whether your direct deposits have stopped.

All of this could influence your financial freedom—not to mention the number of junk-mail solicitations you receive.

Ken Lin, CEO of Credit Karma, a credit-score information website, knew he had a good credit score. But when he recently applied for a new credit card, he was rejected: The lender had flagged him as a higher credit risk because the value of his California home had declined and his mortgage principal wasn't declining—giving away that he has an interest-only mortgage.

"It's a lot more than just your credit score today," he says.

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10 Hidden Ways We're Being Fleeced by Banks

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Are Credit Checks Keeping The Jobless Out Of Work?

Laura Bassett
Huffington Post

After working for the same railroad for 14 years, never missing a house or car payment, Sammy Bailey says he never expected his credit score to keep him out of a job. But after being laid off in March 2009, he soon found himself unable to make payments on his house and his car, and his credit took a big hit.

"My house payment was $800 a month and my truck was $665 a month, and I was only making about $1200 a month on unemployment," Bailey, 42, told HuffPost. "I couldn't afford to keep up with the payments, lost both the house and the car, and that's what caused my credit score to go down."

Bailey said he applied for a new job at Am-Rail in Kansas City, Missouri, three weeks ago but failed to pass the background check because of his poor credit.


"When they run a credit report on you, I guess the score is supposed to determine what kind of employee you are," he said. "I've had very few jobs in my lifetime, and every job I've had I stuck with for a very long time. Seems like they should go off of you, not your credit score."

While the credit check has long been a routine part of the job application process, experts are wondering whether it's still a fair screening tool in the wake of a recession that has left 15 million Americans unemployed and unable to keep up with their bills.

In a meeting of the Equal Opportunity Employment Commission last week to discuss the use of credit history as a discriminatory barrier to employment, a panel of legal experts and social scientists explained how the screening practice may be harmful and unfair to American workers.

"A simple reason to oppose the use of credit history for job applications is the sheer, profound absurdity of the practice," said Chi Chi Wu, a staff attorney at the National Consumer Law Center. "Using credit history creates a grotesque conundrum. Simply put, a worker who loses her job is likely to fall behind on paying her bills due to lack of income. With the increasing use of credit reports, this worker now finds herself shut out of the job market because she's behind on her bills. This phenomenon has created concerns that the unemployed and debt-ridden could form a luckless class."

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10 Ways You're Being Fleeced by Banks

5 Reasons NOT to Pay Your Credit Cards

5 Reasons to IGNORE Collection Agencies, The Henchmen of the Banking Mafia

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Live Superfoods It is time to Wake Up! You too, can join the "Global Political Awakening"!

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