Why Fox Television cannot be trusted in regards to the economy.

Fox business television ran this dopey piece called "Is America addicted to unemployment benefits".

My internet research over the past two years has revealed to me that NOBODY, and I mean NOBODY, has identified interest rate charges on existing consumer debt as being the MAIN CAUSE OF ECONOMIC MALAISE IN THE WORLD, except for me.

Even the alleged maverick economic gadfly blog sites that come off as not being part of the establishment won't question the role of interest rate charges on existing debt as being the leading cause of the worldwide economic downturn.

I would ask this one question. If I was worth 10 billion dollars, and 9 billion was heavily invested, what rate of return would I get? I would imagine that a multi-billionaire would be promised at the very least a 10% return on their investments by the banking community, and there in lies the problem.

All the "rich money" that presently exists in the world can no longer be given the royal treatment when it comes to the rate of return the "rich money" generates.

Part of the reason for a depreciating return on huge investment capital is the internet. The internet has squeezed competition to the point where many businesses have reduced real products and customer service and instead are hoping to sell some type of monthly mass produced subscriber based goods or services, or a renewable software/hardware product that will please their investors and the companies bottom line, (Apple anyone?).

The problem is although internet efficiency can be created and is helpful up to a point, a threshold is reached in which the newly created efficiency results in the loss of jobs and people begin losing their own personal wealth. Enter 2010. People are losing their homes, jobs are being lost, and the worldwide situation is actually not getting better, and why is that? Because the banksters continue to squeeze interest rate charges on existing consumer debt at a time when employment opportunities and economic growth are being squeezed because of the internet.

Just look at the Fox video above. No mention of interest rate charges on existing debt as being the underpinning of our economic collapse, instead Fox just takes another opportunity to take a potshot at Barack Obama. Who runs Fox? Rupert Murdoch, the epitome of the kind of billionaire investor who is driving millions of people into economic collapse just so he can make sure the present financial investment system stays intact.

Oprah Winfrey is another example. So is Warren Buffet. Until these billionaire clowns see that they are cause, not the solution, of the world's economic struggles, times will continue to get worse.

Solutions abound. Offer a descending scale of interest rate dividends on savings accounts, also known as a inverse interest rate dividend. Savings of 1,000 dollars to 50,000 dollars would get the highest interest rate dividend, and then the interest rate dividend scale would slide downwards, not upwards, as the savings amount increased. Of course we would have to watch the billionaires who would simply put 50,000 dollars in each and every bank in the country!

Combine the inverse interest rate dividend concept with the cessation of all interest rate charges on EXISTING CONSUMER DEBT for anybody who agrees to pay down their debt, not add to it, and things will begin changing in a very short time.

These two acts alone would almost immediately begin redistributing wealth (not necessarily a bad thing when done correctly) among those who are either generating income or have assets with which to pay down existing debt.

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

I'm STILL WAITING, Rush Limbaugh, Newt Gingrich, Bill O'Reilly, Fox Television, STILL WAITING for ONE of YOU to CONDEMN the BANKING INDUSTRY.

In a strange twist of fate, I am kind of relieved that I can count on Rush Limbaugh, Newt Gingrich, Bill O'Reilly, and Fox News, heretofore named the "Republican Guard", to continue to say nothing, and do nothing when it comes to the oppressive stance banks are taking against their BEST and most reliable CUSTOMERS.

The easiest path to success for the Republican Guard would be to take on the credit card banking industry and fight for the consumer. However, if the Republican Guard only did this because it was the popular thing to do, it would mean we would be electing ultra frauds to congress in 2010.

Instead, these Republican Guard opportunists just gleefully rub their hands together and think teabag protests are going to sweep them back into power. The Republican Guard looks forward to the next series of congressional elections where they believe they can make huge inroads against the 2008 democratic landslide. News alert you manipulative, conservative opportunists. At best, you will pick up two seats in 2010, at worst, you will LOSE EVEN MORE GROUND. 

The Republican Guard has no soul. A successful political movement has to attempt to understand, to actually feel someone's pain before they will be trusted. The Republican Guard's reluctance to condemn what the banking credit card industry is presently doing to their best customers carries more weight than all the tea from all of those teabag party protests. (learn more at Daily-Protest.com)

Republican Guard, we're on to you and your manipulation. If you can't stand up for people being financially oppressed and being denied basic opt out rights when changes in terms are made by the banks, I'll fight you day and night to make sure you don't get your grubby hands anywhere near congress, you out of touch, publicity grabbing, opportunistic, heartless twits.

This is no longer a Republican versus Democrat issue, this is now the banking industry against the heart and soul of their most trustworthy customers, the ones that make their payments on time every month. Meanwhile, Newt, Rush, O'Reilly and Fox and Friends want to turn back the hands of time to 1994 and the contract with amnesia.

The Republican Guard wants to create a taxpayer revolt againt the democrats and the bailout bill while they themselves conveniently ignore the grand theft the banking industry is conducting against honorable and responsible americans. The Republican Guard really must think we are dense.

A Challenge to Fox Television and Rush Limbaugh, STOP Encouraging Anti Obama April 15 Tea Party Protests and Encourage Protests against Chase Bank.

Daily-Protest.com
Daily-Protest.com

Can you see Fox News ever taking on the credit card industry with promos encouraging people to protest against the banks? If the idea of Fox News taking on the Credit Card Industry makes you laugh, then perhaps you should be offended that Fox News Television is instead egging people on to protest on April 15th about their government, their president, the bailout and taxes, even as Fox News says and does nothing about the banks.


Well Newt, will we ever hear you utter a negative word about what Chase Bank and soon to follow Citibank and are doing to the same americans that you want to convince should put all of their energy on blaming government and none on corporations?

Banks are actually doing more damage to blue collar america with their 250% monthly minimum payment increase on pre-existing low interest credit card agreements. The banks are "rushing" to get back to financial stability by financial suffocating trustworthy americans who have never been late on their low interest credit card payments just so they can put up slightly better numbers on Wall Street.

Daily-Protest.com

Speaking of Rush Limbaugh, would Rush Limbaugh ever go on the air and castigate the credit card companies for their recent actions in raising the rates on low interest accounts that were supposed to be fixed for the life of the loan? Maybe Rush should spend a bit more time fighting for the blue collar worker rather than getting his followers in a lather over political issues. This is about people Rush. When have you ever fought for People that are being directly attacked by Credit Card Companies.

Learn more about Chase and their evil, evil ways at Daily-Protest.com