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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.98

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Nov 28 4:00 PM EST

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To: Ilaine who wrote (79056)	9/5/2011 11:43:25 PM
From: Maurice Winn	2 Recommendations Read Replies (3) of 218074

CB, I'm with you on some of your debtor ideology. Lending to hopeless people is fraudulent as well as unkind. Many people have no hope of even calculating interest due, let alone the arithmetic around compound interest and the time value of money combined with inflationary dilution and currency risks. In fairness to creditors, they can't realistically have a clue who is really rationally borrowing and who is simply using a mindless cliche "House prices never go down" [which is an operating slogan used by doctors and others of indisputable high intelligent and reasonably presumed self-competence]. Some people obviously have no idea at all and it is a scam to lend to them. You are in the industry at the legal interface of creditors and debtors and there is centuries of law to sort it out so it's no doubt pretty good. When robbing creditors becomes normal, just as with any robbery, it's bad for a community. Potential lenders will not lend to anyone other than those of extreme credit worthiness if bludgers rob them and are legally allowed to do so. Defaulting on national debt is reasonable as there is no reason somebody not born should be willing to abide by debt incurred by somebody else for somebody else's benefit. Saddam's debts should not be payable by his victims or anyone else for that matter. So it's not that all debt should be repayable. So the USA was founded on theft - "Can I borrow 100 gold sovereigns? 3% interest - okay." Then tell the English lenders to go to Hell and we are now independent so don't have to repay the loans: <Many of the Founding Fathers were debt slaves to British factors > "Hey, look at all that land the Indians have got. That should be ours. You fire the muskets and I'll stake a claim." Debt "slaves" is a lie. Owing money is not slavery. The creditor is enslaved if their property is stolen. Debtors voluntarily take on a contract. If they don't repay, they are simply thieves. Mqurice

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