When did America stop being great

[g5000]

America is already great. The alt-right just wants to blame their personal failings on minorities, and Trump is hoping to seize power solely on the promise of getting rid of them.

Yeah, it's "great"......USA.INC has become the greatest debtor nation per capita on the planet whose fiat currency has been foisted on the rest of the planet as the world's reserve "currency" due to it's military might and the "petro dollar" agreement and a printing press that runs day and might spewing out worthless paper backed by nothing of an intrinsic value......so tell me again how great it is?????

And by voting your role model will reduce the deficit? Think again.

How can the alleged "deficit" ever be repaid when the central bankers and their affiliates extend credit from nothing? The national debt is that of their corporate entity that is USA.INC that takes in hard assets off of our sweat equity while making us responsible for their corporate credit card. I know how the system works and it's not that fucking hard to figure out if you do a little research and studying about how fiat currencies work. Do you think that when you are approved for a housing loan that the banks go into a vault and withdraw the "money" to give to the owner of the house you are "purchasing"?? Because if so, you are 100 percent wrong. You sign a "Promissory Note" and it is your signature that created the money and that note is then "monetized" because under the U.C.C anything can be used as a negotiable instrument. The banks risk noting, have a hard asset as collateral and then back-load that alleged loan with "interest" so that if you should default, they have all the payments you made PLUS a hard asset that they can then re-sell and start the process all over again. Bankruptcies and foreclosures are built right into this fraudulent system.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

 

[Dale Smith]

America is already great. The alt-right just wants to blame their personal failings on minorities, and Trump is hoping to seize power solely on the promise of getting rid of them.

Yeah, it's "great"......USA.INC has become the greatest debtor nation per capita on the planet whose fiat currency has been foisted on the rest of the planet as the world's reserve "currency" due to it's military might and the "petro dollar" agreement and a printing press that runs day and might spewing out worthless paper backed by nothing of an intrinsic value......so tell me again how great it is?????

And by voting your role model will reduce the deficit? Think again.

How can the alleged "deficit" ever be repaid when the central bankers and their affiliates extend credit from nothing? The national debt is that of their corporate entity that is USA.INC that takes in hard assets off of our sweat equity while making us responsible for their corporate credit card. I know how the system works and it's not that fucking hard to figure out if you do a little research and studying about how fiat currencies work. Do you think that when you are approved for a housing loan that the banks go into a vault and withdraw the "money" to give to the owner of the house you are "purchasing"?? Because if so, you are 100 percent wrong. You sign a "Promissory Note" and it is your signature that created the money and that note is then "monetized" because under the U.C.C anything can be used as a negotiable instrument. The banks risk noting, have a hard asset as collateral and then back-load that alleged loan with "interest" so that if you should default, they have all the payments you made PLUS a hard asset that they can then re-sell and start the process all over again. Bankruptcies and foreclosures are built right into this fraudulent system.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

 

[g5000]

America is already great. The alt-right just wants to blame their personal failings on minorities, and Trump is hoping to seize power solely on the promise of getting rid of them.

Yeah, it's "great"......USA.INC has become the greatest debtor nation per capita on the planet whose fiat currency has been foisted on the rest of the planet as the world's reserve "currency" due to it's military might and the "petro dollar" agreement and a printing press that runs day and might spewing out worthless paper backed by nothing of an intrinsic value......so tell me again how great it is?????

And by voting your role model will reduce the deficit? Think again.

How can the alleged "deficit" ever be repaid when the central bankers and their affiliates extend credit from nothing? The national debt is that of their corporate entity that is USA.INC that takes in hard assets off of our sweat equity while making us responsible for their corporate credit card. I know how the system works and it's not that fucking hard to figure out if you do a little research and studying about how fiat currencies work. Do you think that when you are approved for a housing loan that the banks go into a vault and withdraw the "money" to give to the owner of the house you are "purchasing"?? Because if so, you are 100 percent wrong. You sign a "Promissory Note" and it is your signature that created the money and that note is then "monetized" because under the U.C.C anything can be used as a negotiable instrument. The banks risk noting, have a hard asset as collateral and then back-load that alleged loan with "interest" so that if you should default, they have all the payments you made PLUS a hard asset that they can then re-sell and start the process all over again. Bankruptcies and foreclosures are built right into this fraudulent system.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

You pay about as much in interest as you do in principal over the course of a 30 year loan. Not triple.

However, the average home loan lasts about 8 years, not the full 30. People sell or refinance. That's why you see the percentage of interest in your monthly payment in the early years is huge, and the principal goes down very slowly.

As for who benefits when a borrower defaults, NO ONE does. The investors lose future earnings of interest, which causes them to stop trusting the bank or broker which originated the loan. The borrower loses their home. And as we saw during the crash, banks fail.

 

[Clementine]

November 9th, 2008.

When Obama decided we shouldn't be a super power and that leading from behind was a good idea, things started going to shit. When he decided that he could pick and choose which federal laws to uphold, we started falling apart. Our credit rating is lowered. Our enemies have advanced and gotten stronger. We are deeper in debt. We continue to dumb down and indoctrinate our children in public schools and liberal colleges. Corruption is now considered something to be expected and no one is shocked at the nasty stuff that goes on. Our allies have been abandoned as we've propped up those who wish to destroy them and us. Obamacare and other policies killed many businesses. Many were forced to train foreign workers before they lost jobs to them. Government dependence is at an all-time high.

The new American dream is being subsidized. Illegals and refugees come and believe everything will be handed to them for free and much of the time it is.

 

[The Jam scene]

Judging by the posts of a lot of Trump's Chumps, America was great when gays and blacks and women knew their place.

I think your on to something

 

[Indeependent]

Judging by the posts of a lot of Trump's Chumps, America was great when gays and blacks and women knew their place.

I think your on to something

"you're"

 

[Dale Smith]

Yeah, it's "great"......USA.INC has become the greatest debtor nation per capita on the planet whose fiat currency has been foisted on the rest of the planet as the world's reserve "currency" due to it's military might and the "petro dollar" agreement and a printing press that runs day and might spewing out worthless paper backed by nothing of an intrinsic value......so tell me again how great it is?????

And by voting your role model will reduce the deficit? Think again.

How can the alleged "deficit" ever be repaid when the central bankers and their affiliates extend credit from nothing? The national debt is that of their corporate entity that is USA.INC that takes in hard assets off of our sweat equity while making us responsible for their corporate credit card. I know how the system works and it's not that fucking hard to figure out if you do a little research and studying about how fiat currencies work. Do you think that when you are approved for a housing loan that the banks go into a vault and withdraw the "money" to give to the owner of the house you are "purchasing"?? Because if so, you are 100 percent wrong. You sign a "Promissory Note" and it is your signature that created the money and that note is then "monetized" because under the U.C.C anything can be used as a negotiable instrument. The banks risk noting, have a hard asset as collateral and then back-load that alleged loan with "interest" so that if you should default, they have all the payments you made PLUS a hard asset that they can then re-sell and start the process all over again. Bankruptcies and foreclosures are built right into this fraudulent system.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

You pay about as much in interest as you do in principal over the course of a 30 year loan. Not triple.

However, the average home loan lasts about 8 years, not the full 30. People sell or refinance. That's why you see the percentage of interest in your monthly payment in the early years is huge, and the principal goes down very slowly.

As for who benefits when a borrower defaults, NO ONE does. The investors lose future earnings of interest, which causes them to stop trusting the bank or broker which originated the loan. The borrower loses their home. And as we saw during the crash, banks fail.

Yeah, it's "great"......USA.INC has become the greatest debtor nation per capita on the planet whose fiat currency has been foisted on the rest of the planet as the world's reserve "currency" due to it's military might and the "petro dollar" agreement and a printing press that runs day and might spewing out worthless paper backed by nothing of an intrinsic value......so tell me again how great it is?????

And by voting your role model will reduce the deficit? Think again.

How can the alleged "deficit" ever be repaid when the central bankers and their affiliates extend credit from nothing? The national debt is that of their corporate entity that is USA.INC that takes in hard assets off of our sweat equity while making us responsible for their corporate credit card. I know how the system works and it's not that fucking hard to figure out if you do a little research and studying about how fiat currencies work. Do you think that when you are approved for a housing loan that the banks go into a vault and withdraw the "money" to give to the owner of the house you are "purchasing"?? Because if so, you are 100 percent wrong. You sign a "Promissory Note" and it is your signature that created the money and that note is then "monetized" because under the U.C.C anything can be used as a negotiable instrument. The banks risk noting, have a hard asset as collateral and then back-load that alleged loan with "interest" so that if you should default, they have all the payments you made PLUS a hard asset that they can then re-sell and start the process all over again. Bankruptcies and foreclosures are built right into this fraudulent system.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

You pay about as much in interest as you do in principal over the course of a 30 year loan. Not triple.

However, the average home loan lasts about 8 years, not the full 30. People sell or refinance. That's why you see the percentage of interest in your monthly payment in the early years is huge, and the principal goes down very slowly.

As for who benefits when a borrower defaults, NO ONE does. The investors lose future earnings of interest, which causes them to stop trusting the bank or broker which originated the loan. The borrower loses their home. And as we saw during the crash, banks fail.

Allow me to "school" you yet again....here is the following example. A couple goes into a bank to finance a loan based on their "credit score" and they are "loaned" 130,000 dollars...but the fact of the matter is that the Promissory Note that they signed (a promise to pay) is then monetized and checkbook money is created. It is the sweat equity of the borrower that repays the extension of credit without the lender being on the hook for anything with the hard asset (i.e a home) being the collateral. So, let's just say that for chucks and giggles that a couple pays on that extension of credit at 1,100 a month times 12 for 30 years....what is the actual out of pocket expense/sweat equity did this couple actually pay for that home whose initial cost was 130k? According to my math it is 396,000 dollars....does your math differ? If so...tell me how that can be....thanks in advance.

 

[regent]

Who decides America's greatness or lack thereof?
Is Trump the only one authorized to make that decision?

 

[Indeependent]

Who decides America's greatness or lack thereof?
Is Trump the only one authorized to make that decision?

Nope, we already have a Congress assigned to make America a shit hole.

 

[g5000]

And by voting your role model will reduce the deficit? Think again.

How can the alleged "deficit" ever be repaid when the central bankers and their affiliates extend credit from nothing? The national debt is that of their corporate entity that is USA.INC that takes in hard assets off of our sweat equity while making us responsible for their corporate credit card. I know how the system works and it's not that fucking hard to figure out if you do a little research and studying about how fiat currencies work. Do you think that when you are approved for a housing loan that the banks go into a vault and withdraw the "money" to give to the owner of the house you are "purchasing"?? Because if so, you are 100 percent wrong. You sign a "Promissory Note" and it is your signature that created the money and that note is then "monetized" because under the U.C.C anything can be used as a negotiable instrument. The banks risk noting, have a hard asset as collateral and then back-load that alleged loan with "interest" so that if you should default, they have all the payments you made PLUS a hard asset that they can then re-sell and start the process all over again. Bankruptcies and foreclosures are built right into this fraudulent system.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

You pay about as much in interest as you do in principal over the course of a 30 year loan. Not triple.

However, the average home loan lasts about 8 years, not the full 30. People sell or refinance. That's why you see the percentage of interest in your monthly payment in the early years is huge, and the principal goes down very slowly.

As for who benefits when a borrower defaults, NO ONE does. The investors lose future earnings of interest, which causes them to stop trusting the bank or broker which originated the loan. The borrower loses their home. And as we saw during the crash, banks fail.

And by voting your role model will reduce the deficit? Think again.

How can the alleged "deficit" ever be repaid when the central bankers and their affiliates extend credit from nothing? The national debt is that of their corporate entity that is USA.INC that takes in hard assets off of our sweat equity while making us responsible for their corporate credit card. I know how the system works and it's not that fucking hard to figure out if you do a little research and studying about how fiat currencies work. Do you think that when you are approved for a housing loan that the banks go into a vault and withdraw the "money" to give to the owner of the house you are "purchasing"?? Because if so, you are 100 percent wrong. You sign a "Promissory Note" and it is your signature that created the money and that note is then "monetized" because under the U.C.C anything can be used as a negotiable instrument. The banks risk noting, have a hard asset as collateral and then back-load that alleged loan with "interest" so that if you should default, they have all the payments you made PLUS a hard asset that they can then re-sell and start the process all over again. Bankruptcies and foreclosures are built right into this fraudulent system.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

You pay about as much in interest as you do in principal over the course of a 30 year loan. Not triple.

However, the average home loan lasts about 8 years, not the full 30. People sell or refinance. That's why you see the percentage of interest in your monthly payment in the early years is huge, and the principal goes down very slowly.

As for who benefits when a borrower defaults, NO ONE does. The investors lose future earnings of interest, which causes them to stop trusting the bank or broker which originated the loan. The borrower loses their home. And as we saw during the crash, banks fail.

Allow me to "school" you yet again....here is the following example. A couple goes into a bank to finance a loan based on their "credit score" and they are "loaned" 130,000 dollars...but the fact of the matter is that the Promissory Note that they signed (a promise to pay) is then monetized and checkbook money is created. It is the sweat equity of the borrower that repays the extension of credit without the lender being on the hook for anything with the hard asset (i.e a home) being the collateral. So, let's just say that for chucks and giggles that a couple pays on that extension of credit at 1,100 a month times 12 for 30 years....what is the actual out of pocket expense/sweat equity did this couple actually pay for that home whose initial cost was 130k? According to my math it is 396,000 dollars....does your math differ? If so...tell me how that can be....thanks in advance.

Hey dumbshit. You don't get to make up figures of how much interest someone pays on a given amount. The monthly nut for a $130,000 loan is NOWHERE NEAR $1100 a month, idiot. It's closer to $700. And under current interest rates, they will pay about the same amount in interest as they borrowed in principal. Do the fucking REAL math, idiot.

It is blazingly obvious you have never had a mortgage in your life.

And again, the principal that is "monetized" is destroyed when it is paid back. This is something those money master Videos For Tards you have been watching don't tell you.

And it takes a special kind of retard to bleev the bank is not at risk, considering all the bank failures which just occurred. You might have heard about it. It was in all the papers.

Dumbass.

 

[NLT]

When did America stop being great?
1/20/2009

 

[TheDude]

When:

We stuck our heads up the gadget ass.

24 news and sports.

The fall of music and entertainment. Sometime after 1980.

Runaway obesity

Fake boobs (sorry ladies, you still look great with clothes on). Oh yeah, sorry men too.

Men were intended to marry, have kids and use the women's bathroom.

Accountability displacement, projecting blame. Not holding people accountable. Corrupt administrations, especially the Obummer admin. Look, we have Trump facing off against Chillary, does that sound "progress"ive to you? Give me a break.

Far too many people and far too many illegals. Sorry man, that in itself drops the standard of living, but it's great for socialism, right folks?

Hollywood and media shoving their agendas up our ass instead of providing good entertainment and reporting.

Deeply in debt.

Technology replacing people. Concentration of cash to the wealthy, throwing the middle class under the bus with BS like Obamacare. Technology will eventually end the work place, as well as schools and markets. It will all be done from home. At least that's great for the environment. Oh look, an improvement.

Food is too expensive. The water is dirty and the sky isn't so blue. Over-crowding, chaos, disrespect, too many regulations and taxes.

Customer service is shit. We've lost a lot of services that used to be common for basic tasks because they're easily replaced by Chinese junk. Press MFing 1 for English...............sucker.

"Reality" TV.

Regressive standard of living.

Education is a joke. Some schools can't teach children, because they're too busy with the lowest common denominator (sorry), being kids who don't speak English. That's because they're not accountable and it's political incorrect and a human rights violation to expect them to learn how we communicate. Our college system is an embarrassment, high on "liberal arts". IN many subjects they don't teach people how to use critical application. You'd expect them to so much as write a sentence, but many can't. You know in Sweden kids are in school 8 hours a day? Our teachers union would never put up with that, no fucking way.

Fewer number of people own homes despite ridiculous interest rates.

Passing a pile of shit onto our kids.

School slaughters and more terrorists.

Race relations in the toilet, primarily exploited for liberal power. BLM bowel movement, what a joke. Meanwhile it's the DEMOCRATS and their media who are the PRIMARY culprits in dividing the nation.

Social interaction is a laugh. People used to be far more genuine no-contest. Far more capable too. Fucking kid at Jack in the Box the other day, seemed nice, but he couldn't pull his out out of the gadget long enough to function. (I'd like one something $2.69 burger, no onions. I even gave him the number (everything is a number see)). Get to window (that will be eight something)..... (No couldn't be, I ordered some $2.69 burger, no onions)....(Sorry, that will be a buck fifty).....(No, couldn't be, the FN burger is $2.69, no onions)....(Oh sorry, that's the something jack).... (Cool, I'll take the whatever jack for $2.69, no onions).......Success........Pull out and "enjoy" my hamburger with onions. Face it, we're dysfunctional.

PC (pussified country)...You know, the same kind of BS former corrupt counties used to control thought? If people didn't have their heads up the collective ass they'd be able to recognize that, but no, we're "progress"ive.

When we lost the ability to solve simple problems. We actually peaked in intelligence sometime before the early 1900s. That was when people had to be more dependent.

Runaway mental disorders - Golly, wonder why that is?




That's probably the short list. It's quite clear really, we're in saturation.

 

[HUGGY]

Trump is trying to make America great again but when did America stop being Great? Seems to me there was no mention of the lack of greatness during the Bush administration despite all the failings of that administration. I have done extensive research to try and find when America was great no more and oddly enough, I have found the exact date ; to the minute when America stopped being great: November 4 2008 at 10 pm central standard time, but I can't figure out why. IF you can solve this riddle, there is a $100 dollar reward waiting for you.

Check this video

When did we stop being "great"?

When Bush stood on that aircraft carrier parked just off San Diego beating his chest daring Al Kaida to "bring it on".

I'm sure Trump would see that moment as one of Bush's greatest achievements. As one blowhard to another.

 

[Dale Smith]

How can the alleged "deficit" ever be repaid when the central bankers and their affiliates extend credit from nothing? The national debt is that of their corporate entity that is USA.INC that takes in hard assets off of our sweat equity while making us responsible for their corporate credit card. I know how the system works and it's not that fucking hard to figure out if you do a little research and studying about how fiat currencies work. Do you think that when you are approved for a housing loan that the banks go into a vault and withdraw the "money" to give to the owner of the house you are "purchasing"?? Because if so, you are 100 percent wrong. You sign a "Promissory Note" and it is your signature that created the money and that note is then "monetized" because under the U.C.C anything can be used as a negotiable instrument. The banks risk noting, have a hard asset as collateral and then back-load that alleged loan with "interest" so that if you should default, they have all the payments you made PLUS a hard asset that they can then re-sell and start the process all over again. Bankruptcies and foreclosures are built right into this fraudulent system.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

You pay about as much in interest as you do in principal over the course of a 30 year loan. Not triple.

However, the average home loan lasts about 8 years, not the full 30. People sell or refinance. That's why you see the percentage of interest in your monthly payment in the early years is huge, and the principal goes down very slowly.

As for who benefits when a borrower defaults, NO ONE does. The investors lose future earnings of interest, which causes them to stop trusting the bank or broker which originated the loan. The borrower loses their home. And as we saw during the crash, banks fail.

How can the alleged "deficit" ever be repaid when the central bankers and their affiliates extend credit from nothing? The national debt is that of their corporate entity that is USA.INC that takes in hard assets off of our sweat equity while making us responsible for their corporate credit card. I know how the system works and it's not that fucking hard to figure out if you do a little research and studying about how fiat currencies work. Do you think that when you are approved for a housing loan that the banks go into a vault and withdraw the "money" to give to the owner of the house you are "purchasing"?? Because if so, you are 100 percent wrong. You sign a "Promissory Note" and it is your signature that created the money and that note is then "monetized" because under the U.C.C anything can be used as a negotiable instrument. The banks risk noting, have a hard asset as collateral and then back-load that alleged loan with "interest" so that if you should default, they have all the payments you made PLUS a hard asset that they can then re-sell and start the process all over again. Bankruptcies and foreclosures are built right into this fraudulent system.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

You pay about as much in interest as you do in principal over the course of a 30 year loan. Not triple.

However, the average home loan lasts about 8 years, not the full 30. People sell or refinance. That's why you see the percentage of interest in your monthly payment in the early years is huge, and the principal goes down very slowly.

As for who benefits when a borrower defaults, NO ONE does. The investors lose future earnings of interest, which causes them to stop trusting the bank or broker which originated the loan. The borrower loses their home. And as we saw during the crash, banks fail.

Allow me to "school" you yet again....here is the following example. A couple goes into a bank to finance a loan based on their "credit score" and they are "loaned" 130,000 dollars...but the fact of the matter is that the Promissory Note that they signed (a promise to pay) is then monetized and checkbook money is created. It is the sweat equity of the borrower that repays the extension of credit without the lender being on the hook for anything with the hard asset (i.e a home) being the collateral. So, let's just say that for chucks and giggles that a couple pays on that extension of credit at 1,100 a month times 12 for 30 years....what is the actual out of pocket expense/sweat equity did this couple actually pay for that home whose initial cost was 130k? According to my math it is 396,000 dollars....does your math differ? If so...tell me how that can be....thanks in advance.

Hey dumbshit. You don't get to make up figures of how much interest someone pays on a given amount. The monthly nut for a $130,000 loan is NOWHERE NEAR $1100 a month, idiot. It's closer to $700. And under current interest rates, they will pay about the same amount in interest as they borrowed in principal. Do the fucking REAL math, idiot.

It is blazingly obvious you have never had a mortgage in your life.

And again, the principal that is "monetized" is destroyed when it is paid back. This is something those money master Videos For Tards you have been watching don't tell you.

And it takes a special kind of retard to bleev the bank is not at risk, considering all the bank failures which just occurred. You might have heard about it. It was in all the papers.

Dumbass.

W-R-O-N-G, dumb ass...that is a real time example because that is the mortgage that me and my ex got in the Summer of 2001 and we both had flawless credit and both making over 50K per year. We actually qualified for a 250K plus "loan" but we knew our limitations and what we could afford. Predatory lending with fluctuating interests rates that lured in those those that could not afford the fluctuations are the ones that found themselves in a bind and when it all collapsed due to the biggest brokerage firms that got the big time bail outs (while the little guys were fucked over) that led to the biggest wealth redistribution of my life time. The bundling of these predatory lending practices fucked over the investors while protecting the very thieves that put out the cheap "credit". You are wasting your time and energy if you think you can top me in this debate. I know how it works while you don't have the slightest fucking clue. Bring some real game to the table if you want to try and "best" me...so far you haven't shown me diddly squat.

 

[JimBowie1958]

Trump is trying to make America great again but when did America stop being Great? Seems to me there was no mention of the lack of greatness during the Bush administration despite all the failings of that administration. I have done extensive research to try and find when America was great no more and oddly enough, I have found the exact date ; to the minute when America stopped being great: November 4 2008 at 10 pm central standard time, but I can't figure out why. IF you can solve this riddle, there is a $100 dollar reward waiting for you.

Check this video

When George H W Bush was elected 41st President of the USA, it started into a steep decline. Clintons NAFTA agreement sped it along even more steeply.

 

[Ray From Cleveland]

Who decides America's greatness or lack thereof?
Is Trump the only one authorized to make that decision?

Yep, like Democrats can only define what a Fair Share is.

 

[g5000]

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

You pay about as much in interest as you do in principal over the course of a 30 year loan. Not triple.

However, the average home loan lasts about 8 years, not the full 30. People sell or refinance. That's why you see the percentage of interest in your monthly payment in the early years is huge, and the principal goes down very slowly.

As for who benefits when a borrower defaults, NO ONE does. The investors lose future earnings of interest, which causes them to stop trusting the bank or broker which originated the loan. The borrower loses their home. And as we saw during the crash, banks fail.

Your ignorance knows no bounds.

When the principal is paid back, that money which was created is destroyed. And if the collateral is not able to be sold to cover the principal, as happened during the recent crash, the bank loses money. They still have to destroy as much principal as they created, and that comes out of their other assets.

That's why banks collapse, retard. You are living WAY outside of reality if you think banks don't have risk.

Do tell? So please, pray tell, why will one pay three times what they allegedly "borrowed" over the course of said loan? Which entity will benefit if the "borrower" fails to make every payment?

You pay about as much in interest as you do in principal over the course of a 30 year loan. Not triple.

However, the average home loan lasts about 8 years, not the full 30. People sell or refinance. That's why you see the percentage of interest in your monthly payment in the early years is huge, and the principal goes down very slowly.

As for who benefits when a borrower defaults, NO ONE does. The investors lose future earnings of interest, which causes them to stop trusting the bank or broker which originated the loan. The borrower loses their home. And as we saw during the crash, banks fail.

Allow me to "school" you yet again....here is the following example. A couple goes into a bank to finance a loan based on their "credit score" and they are "loaned" 130,000 dollars...but the fact of the matter is that the Promissory Note that they signed (a promise to pay) is then monetized and checkbook money is created. It is the sweat equity of the borrower that repays the extension of credit without the lender being on the hook for anything with the hard asset (i.e a home) being the collateral. So, let's just say that for chucks and giggles that a couple pays on that extension of credit at 1,100 a month times 12 for 30 years....what is the actual out of pocket expense/sweat equity did this couple actually pay for that home whose initial cost was 130k? According to my math it is 396,000 dollars....does your math differ? If so...tell me how that can be....thanks in advance.

Hey dumbshit. You don't get to make up figures of how much interest someone pays on a given amount. The monthly nut for a $130,000 loan is NOWHERE NEAR $1100 a month, idiot. It's closer to $700. And under current interest rates, they will pay about the same amount in interest as they borrowed in principal. Do the fucking REAL math, idiot.

It is blazingly obvious you have never had a mortgage in your life.

And again, the principal that is "monetized" is destroyed when it is paid back. This is something those money master Videos For Tards you have been watching don't tell you.

And it takes a special kind of retard to bleev the bank is not at risk, considering all the bank failures which just occurred. You might have heard about it. It was in all the papers.

Dumbass.

W-R-O-N-G, dumb ass...that is a real time example because that is the mortgage that me and my ex got in the Summer of 2001 and we both had flawless credit and both making over 50K per year. We actually qualified for a 250K plus "loan" but we knew our limitations and what we could afford. Predatory lending with fluctuating interests rates that lured in those those that could not afford the fluctuations are the ones that found themselves in a bind and when it all collapsed due to the biggest brokerage firms that got the big time bail outs (while the little guys were fucked over) that led to the biggest wealth redistribution of my life time. The bundling of these predatory lending practices fucked over the investors while protecting the very thieves that put out the cheap "credit". You are wasting your time and energy if you think you can top me in this debate. I know how it works while you don't have the slightest fucking clue. Bring some real game to the table if you want to try and "best" me...so far you haven't shown me diddly squat.

Sorry, kid. You are so ignorant, you don't even know how broadly and loudly you are broadcasting your ignorance. You are too stupid to know how stupid you are.

 

[charwin95]

And by voting your role model will reduce the deficit? Think again.

That's what happened once Republicans gained leadership in the Congress again. Why not the presidency too?

You missed my point Ray. What made you think Trump will reduce the deficit when his economic plan is rated F? Your role model is love debt.

 

[charwin95]

America stopped being "great" with the Federal Reserve Act of 1913 when it turned over it's monetary system to a group of international bankers that extended credit created from nothing. It has been all down hill since. The Crash of 1929 was totally orchestrated all designed to put USA.INC into more debt which led to the Chapter 11 bankruptcy of 1933 and the gold confiscation and made us all "enemies" of the state while pledging our sweat equity as surety against a debt that we were not responsible for while losing allodial rights to property.......any other questions???

Dude you are blowing your conspiracy theories again.

Charmin, you don't understand diddly squat because you have been programmed to believe the utter horseshit that you have been fed. You are "small time".......wallow in your ignorance....makes no difference to me.

Dude. You have not shown any kind of knowledge or intelligence to make your conspiracy theory credible or edible.

 

[Ray From Cleveland]

You missed my point Ray. What made you think Trump will reduce the deficit when his economic plan is rated F? Your role model is love debt.

For your information, Congress has the government checkbook, not the President.

A Trump presidency will give Republicans more flexibility to reduce the deficit even more than they have already. They would have done it sooner, but you can't with DumBama in the White House threatening to shut down the country and then have the MSM blame the Republicans for it.

Corrupt Hillary would be no different. She would limit the ability of Congress to do their job. Free college, paid leave for anybody working a job, she even suggested she wants to spend a half billion dollars to try and control bullying....... BULLYING!!!!!!

This is not somebody willing to work to reduce the deficit, this is somebody that wants to spend, spend, spend to buy more votes for her next election or to keep Democrats in power.