When the Fed Starts Holding News Conferences It's Time to Get Rid of Your Credit Card Debt Quickly

April 25, 2011 - PRLog -- After 97 years of silence the Fed says it's going to start holding news conferences and it's going to create the best possible circumstances to get rid of your credit card debt. Even Congressman Ron Paul realizes this tiny victory for the people is just a set up for another bailout program. By legally ending your card debt you are personally demanding the national debt be reduced.

If you can spare 90 min. to watch a video about the history of our banking system you will be left with your mouth hanging open and you're thinking will have experienced the biggest aha moment of your entire life. Please copy and paste "the gig is up – money, the Federal Reserve and you" to see this Google video presented at the University Of Colorado School Of Law.

If the gig didn't open your eyes then please use the search term “the Chicago debacle" to see the totally fraudulent nature of the card industry and its evil beginnings. Although you might have to wear a gauze strip to hold your jaw up like Alfalfa in the Little Rascal's when he had the toothache, it will be an enlightening experience and you should be motivated to stop paying your plastic account.

You’re already holding the bag for bailout number one and these so-called news conferences will lead to the only possible conclusion of a second bailout to once again save the economy. It might be more accurate to say the bailout will be responsible for making the Fed richer and everyone knows you're going to enjoy the even bigger bonuses handed out the Wall Street gang for their advertising success in selling bailout number two the politicians and public.

When you decide to stop paying your card debt it will force the bank to remove the "money from thin air assets" it created when you were given a credit card. For example a $10,000 card issued to you allows the bank to add an additional $90,000 to its "assets" which can then be used to fund plastic to other unsuspecting people.

The bank earns its 30% interest rate and you will keep paying for another 20 years if you stop using the card now but if you stop paying now the bank loses no money whatsoever but it does lose those imaginary assets which are exactly the same thing that creates the national debt.

A much wiser Congress created the Fair Debt Collection Practices Act so that anyone can opt out of the scheme at any time and be protected legally from the packs of hungry debt collectors looking for the crumbs dropped by the banks. The legal system is there but very few know about it. Every credit reporting agency in the United States is operating outside federal law and any derogatory can be legally removed so there’s no need to worry.

Fear, as you saw in the "gig" is the primary factor used to sway politicians and the public into believing the banks way is the only way. Hopefully you realize you're now holding two bags with the third one about to materialize from these carefully camouflaged upcoming Federal Reserve news conferences.

Now you know when the Fed starts holding news conferences, it's time to stop paying your card accounts, let the US legal system take care of you and your nonexistent debt. Hopefully we the people can convince politicians to educate themselves and stop the madness served to us in the Federal Reserve's special credit elixir.

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