Absolutely Crazy Time Magazine Article on who caused the economic crises, it was those pesky foreigners and their money that caused it!

I am having trouble reading the entire Time Magazine article because it is so outrageous. Here's one clue as to why the article is ridiculous, and just reminds me how Time Magazine and Wall Street are one and the same.

YOU DIDN'T HAVE TO TAKE THE MONEY IF YOU COULDN'T USE IT!

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.

Are the Banks Gaming the System the Same Way Barack Obama Gamed the 2008 Democratic Nomination?

This week may be a low watermark day for our media when it comes to reporting financial noose (yes I mean noose, not news). The media is reporting all of these incredible banking numbers that show huge profits for most of the banks even though

... the BANKS LOST MONEY on THEIR CREDIT CARD and HOME MORTGAGE DIVISIONS!

I am worried that when I correlate this weeks reporting of glowing fake banking numbers with Barack Obama's overinflated and fraud induced 2008 caucus results, plus anywhere from 10 million to 200 million dollars in fake credit card donations Barack willfully accepted in 2008, I see old bad habits just that won't go away

...Barack Obama whispering to the bankers, "It's better to spread hope than fear"... or, maybe it is the bankers telling Barack Obama, "Just make it sound like we have profits", that is the most important thing."

Isn't it funny how on the one hand, things have been getting better for months, but on the other hand, if things ever do get better, Barack Obama will chortle that "it was a long, tough road, but I, er, we made it!"

What isn't funny is lying to the american people because it just puts off dealing with the real issues. The real issues are one trillion dollars of consumer credit card debt that nobody wants to see paid down, the freezing of home equity line levels at way below home market value, and the disallowance of any type of loan that is backed with actual tangible collateral, also known as "sweat equity".

Why grant someone to a loan that is backed by their own 10, 20 or 30 years of home equity collateral when Chase Bank can use the three methods mentioned above to put that customers entire credit rating in peril and perhaps create a chain reaction in which they lose their home?

It appears to me that banks have raised credit card interest rates, lowered home equity lines it unfair levels, not allowing collateral back loans as they appear to be waiting out people who otherwise would not have buckled financially if the Banks and Barack Obama had not gamed them.

(edit note, well it looks like I beat the AP, which has now released a story that starts with the following opening paragraph),CLICK ON IMAGE TO ENLARGE.

7 hours AFTER this article was first posted, the AP HEADLINE UP ABOVE along with their first paragraph has an almost identical first paragraph message as my own headline...I kid you not.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a Daily-Protest.com sign.

The Stimulus Package and Higher Taxes are being fueled by The Credit Card Industry!

I have always been good with simple math. In one way this has been a bad thing because it enables me to see the mathematical manipulation of peoples lives while others don't seem to notice, yet I have no standing because I am not a physics major nor do I have a PHD in math.

Imagine being the character who yells out that "soylent green is dead people",  and nobody knows what you are talking about. Imagine being the person who coined the phrase, "if you build it, they will come", and nobody was interested.  

The Credit Card problem is becoming the soylent green of our entire economy. Even economists who state that the credit card industry is causing a huge economic problem will then state that the credit card problem is on equal footing with other economic problems, without seeing that credit cards may be the UNDERLYING problem that is affecting the other economic problems as well.

What is frustrating to me is that people who don't have credit card debt feel it is a problem that is beneath them, that it only affects the reckless and self indulgent, those who ASKED FOR IT.

That sentiment cannot be farther from the truth for most americans.

We are all interconnected mathematically. You could probably count on one hand the number of businesses that DO NOT take credit cards but do take debit cards. Even if you don't have credit card debt, or pay off your debt every month (bravo by the way), the place that employees you, and the vendors that either supply or purchase products or services from your business, in all likelihood RELY ON CREDIT. Without those credit lines, you may not still have your job, and guess what you might end up relying on to get by.

Now is the time to link the credit card industries recent actions to higher taxes. The credit card companies, the FDIC, and the federal reserve continue to suck out the fragile, economic life lubricant known as credit lines and lower interest credit card rates from every small city in the United States and their local economies. The credit card companies are also shafting their most reliable, honorable, never late paying, never miss a payment type of customer.

Credit card companies are ALSO sucking out the very economic life force that helps local, state, and federal governments meet their tax goals. So now there are two equal anti-economic forces working against the working class. 

As local credit dries up, and interest rates rise (even as the federal reserve drops interest rates to the banks) governments receive less in consumption taxes and property taxes as people make less purchases, home values drop and people are foreclosed on.

It is NOT ENOUGH to just be against higher taxes. If you are against higher taxes but not against higher credit card interest rates, you have not figured it out yet.

Now is not the time to be either a democrat or a republican. Now is the time to find alternative ideas to the same old stuff that got us in this economic mess. Incentive based Credit Card Programs are the only way to stop the downward spiral of the world's economy.

Instead, we are being force fed a "This is going to hurt me, more than it is you" chant by the banks as they continue to raise interest rates and lower credit card limits. Creative, incentive based credit card programs have not been tried, and that is the real crime that is going on and on and on.

Arianna Huffington's new nickname for Barack Obama, The BankCentric Kid, and She's Right, for a Change, ahem.

For the past several weeks, I have had an uneasy feeling about all of those "meetings" Barack Obama has had with Wall Street Bankers and the financial "stall warts" that really don't relate to US.

JOHN ZIEGLER ACROSS AMERICA TOUR
CLICK HERE TO SEE MEDIA MALPRACTICE SCHEDULE

I've never quite felt comfortable with Barack Obama's ability to connect with the everyday person during last year's election because Obama also relied on the corporate elite banker to win the white house. These two groups couldn't be more polar opposite and don't relate to each other.

I do believe Barack Obama deserves a year before he is judged. However, I keep seeing the same type of pattern emerging that makes me wonder if it is going to be pointless to wait a year before judging.

Passing a heavy handed bailout package that has no support at all from the other major political party is what I call a forfeit victory. The other side didn't have enough players to compete effectively, so the game is called without being played and is called a forfeit victory.

WHO CELEBRATES A FORFEIT VICTORY?

In sports, the winning side must be very careful if they choose to celebrate a forfeit victory. In some baseball competitions, a team can get a forfeit victory by being ahead by either 10 or 15 runs. The winner is wise to not openly gloat about their "mercy rule" victory in front of the losing team and instead may wait until later, just as Barack Obama did after the bailout bill passed and celebrated at the white house. However...

If the other side did not have enough players to compete at the start of the game, this too can be called a forfeit victory. I can pretty much guarantee that NOBODY celebrates a forfeit win when the other side can't even field enough players at the start of the game.

When it came to the passage of the bailout bills, one could call that a forfeit victory as well as the Republicans could not even field enough congress people to prevent a "mercy rule" victory.

Barack Obama celebrated his bailout bill mercy rule victories at a white house party replete with 100 dollar a pound wagyu steaks imported from Japan. Welcome to Barack Obama's world, where celebrating a slam dunk victory when the other side could not even field enough players, is a way of life. Not much different than when Barack Obama had his opponents disqualified for technical reasons in past political races. The patterns seem to remain the same and point to someone who thinks he is growing even as he performs the same old tricks he always has.

While Media Matters disputed the 150-170 million dollar estimated expenditures for Barack Obama's Inauguration, was it really necessary to spend that much money while people were actually freezing to death in their homes across the country? What if Barack Obama had budgeted 150 million for the Inauguration, then practiced his budget cutting skills and cut his own inauguration budget to 75 million, and then used some of the saved money to pay the heating bills of people who instead froze to death?

Wouldn't that have sent a clear and loud message that Barack Obama was really going to "change" things? Wouldn't he have instantly mobilized and even won over some of his critics if he could have kept his inauguration budget to one dollar lower than the last inauguration?

Now Arianna Huffington, who IS HILLARY CLINTON'S BIGGEST NEMESIS on the planet, is calling Barack Obama and his administration a bankcentric driven team, and she doesn't like it one bit. Neither does George Soros. Barack Obama's team of rivals seems to be in the habit of looking for the next forfeit in which they can unanimously declare a victory and then celebrate with 100 dollar wagyu steaks. It appears they don't even buy their victory steaks from a US company. Wow.

The latest evidence of Barack Obama's next forfeit victory was his recent statement that little cracks of light are shining through the economic gloom as Wall Street indicators begin to brighten...even as the credit card companies are wreaking havoc on millions of customers who have stellar credit and payment histories!

When the credit card companies begin to steal frequent flyer miles from their most loyal and trustworthy customers, and when the credit card companies begin to increase monthly minimum payments by 150% on their customers who practice smart borrowing habits, can one really state that the economic gloomy clouds are lifting?

Perhaps the better question is, for whom are the gloomy economic clouds lifitng? Certainly not for the almost 2 million Chase bank customers who suddenly have to come up with as much as 500 dollars a month for a credit card bill they have never been late paying in the past or they will lose their super-low interest rate loan.

It seems to me if you believe in the everyday person Mr. President, and feel their pain, (ahem), you would want to harness those people's expectations and enthusiasm and guide them into creating their own success. Instead, I get the sense that the everyday person is really there to feed Barack Obama's world, and not the other way around.

Did you know that you You may be a Toxic Asset and not even know it! The reality that any american who accepted a low interest "until the loan was paid off" credit card offer from Chase Bank and other banks may now been labeled a toxic asset! These customers with low interest loan rates are being isolated for eradication by the credit card companies and is ANOTHER example of a Barack Obama team of rivals forfeit victory. The destruction of these smart consumers now know as toxic assets will generate more profit for the credit card companies as their credit rating gets slashed, thereby ensuring they pay higher interest rates on their debts, which creates more value on Wall Street. Is this the way banks are to operate so Barack Obama can then state that the economic clouds are lifting?

The amount of trustworthy credit card customers who were offered life of the loan, low interest credit card rates is relatively small, perhaps just a couple of million of customers who still have these great rates intact. Yet the bankers can't wait to destroy these customer's credit rating by raising their monthly minimum payment from 2% to 5%, a 150% increase above and beyond what they are already paying, with no opt out clause for the consumer!

If Barack Obama believes that labeling credit card customers with stellar payment histories "toxic assets" as one key to fixing the economy, then that is not the type of economy that needs fixing.

To Arianna Huffington, just what was in it for you to elect the "BankCentric Kid" in the first place since you now condemn his BankCentric approach?