Someone recently posted a comment on my blog regarding their own personal struggle with their loan through Fremont & Litton, which is a Goldman Sachs mortgage subsidiary--a very predatory subsidiary doing the bidding of their masters. They have a blog documenting each step of their case against F & L.
FREMONT AND LITTON (GOLDMAN SACHS) - TRO GRANTED IN CALIFORNIA
I encourage anyone reading my blog to also spend some time at theirs to see just how diabolical these scumbags at Goldman Sachs are.
Like it or not, we are engaged in class warfare. The villains at Goldman Sachs are no different from the robber baron landowners of the feudal system in the dark ages. They want us as serfs tied to the land on which we live but do not own. If Goldman Sachs wins this, we lose, and the freedoms laid out in the constitution are gone forever. This is not a violent revolution, but a financial one. To gain an advantage, we need to cut them off--withdraw all our funds from the big banks and put them into local banks or credit unions. The FDIC guarantees your funds regardless whether they are deposited in a big bank or a small one.
Move your credit card balances to accounts with smaller banks, and then stop using them. We all have to come to realize that the instant gratification days are gone as far as purchasing things. If you want a plasma flat screen, save up for it. If your washing machine breaks, buy a used one instead of a new one. And when you do buy a new large ticket item, do the due diligence and make sure that you buy something which will work for a long time. It's difficult now since corporations have decided that if they make products that last a long time, they will have fewer customers who need their products. If someone makes a product that lasts me a long time, I'm a customer for life, so I don't know how they came to that view.
Products that used to last 20 years half a century ago don't even last a decade now. When I was a kid in the early 70s, I remember the streets being full of cars from the 50s and 60s, not as refurbished hot rods, but as family cars because they lasted 20 years or longer. How many cars from the 80s and 90s do you see on the roads these days? I drive a Dodge Truck from 1994, and it looks like relic compared to cars today. But I think the only reason it's still on the road is because it wasn't driven much at all for about 7 years before I got it in 2007. It only had 47,000 miles on it when I got it. Even so, I've had to replace the radiator, the ignition and the starter. Plus my wife wrecked it once. My mom's dryer is a couple of years old and is already having problems because that's how they make products now, even the big ones: last a couple of years and fail.
Repairmen for appliances are almost non-existent these days because we have just accepted our disposable society, and when something breaks, we put it on our cards, and the banks make money off us replacing stuff in a few years that used to last several years. Does that sink in to everyone? Things are this way on purpose. We put ourselves in huge debt-holes to finance our day-to-day existences. It needs to stop, and these vulture banks and finance companies need to face retribution for what they've done to us, to the country's economy. Many of us have little or no retirement pensions now because of these...bad guys. Montgomery Burns (from the Simpsons) is real. His name is Lloyd Blankfein, Kenneth Lewis and Jamie Dimon, among many others.
But my point is we hit them by not using them, eschewing them as business partners and by living simply. Because in spite of all this rosy optimism from the administration, the economy is not getting better and the worst is yet to come.
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