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THERE'S NO REASON FOR MORTGAGES! IT'S ECONOMIC TYRANNY! [View All]

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originalpckelly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-25-09 05:35 PM
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THERE'S NO REASON FOR MORTGAGES! IT'S ECONOMIC TYRANNY!
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"But how could I buy a house without a mortgage? I can't save up $200,000 from paycheck!"

SOMEONE OUT THERE CAN BUY YOUR HOUSE OUTRIGHT! Where do you think they got the money from dumbass? YOU!

WAKE THE FUCK UP PEOPLE!

"I can't buy my car outright! I could never save aside $15,000 from my paycheck!"

SOMEONE OUT THERE BOUGHT YOUR CAR OUTRIGHT! Where do you think they got the money from? YOU! Yes, you!

"I could never buy all the stuff I buy with a credit card outright!" Yet, someone else did.

You see what the investor class does? They take money from your paycheck, then use that to buy some kind of asset backed security, which is what's used to give you money for your loan to go buy the house, car, or credit card purchase you rely on every day.

One person may not directly do that, but they have money at investment companies that do it for them. The company will take in money from its gains in stocks, sometimes direct compensation from the company in the form of a dividend, sometimes in the gains in stock prices based upon underlying valuations of company, valuations improved by earnings and cost cutting (aka canning people or paying them less) and then selling those stocks to buy these asset backed securities.

There is a second consumer of asset backed securities, those who have retirements at management companies, in this way investment acts like a retirement insurance system, albeit one with little real security. However, it's not any better for these people to do it, because they're squeezing the current workforce instead of saving up their money in a bank to use for themselves. And the thing is, these people wouldn't have to worry about investing if they could save away their work.

Our money is being handed out by the government, to the very same people who take money out of our paychecks each month and leave us no way to get ahead, and own most of the things in our daily life.

We need to not only own ourselves, but essential things like homes, cars and the stuff we'd buy with a credit card.

This system is like slavery, but instead of owning you, they own your work and everything that you can buy with it.
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