Credit Card Debt Is Not Exactly a Fairytale but It's so Close You Can't Tell the Difference Anymore

June 2, 2011 - PRLog -- Credit card debt is not truly a complete fairytale but you can make the bad guys go away if you use something that is real; the US legal system. Credit cards were invented by the banks to bypass the governments federal system of creating money. It allows the bankers create money from thin air using the little plastic parasite they fathered.

The banks one-sided Ponzi scheme starts with the issuance of bonds held by private individuals. The government printing machines print the money, give it to the bankers and they then charge interest to the government to borrow the money. No taxes are paid by the privately held banks that make up the fed and Congressman Ron Paul would like to see their books which will not happen because big money controls the government.

With the humble beginnings of the Diners Card banks saw the opportunity to generate some big-time assets with outrageous interest and bypass the traditional system. If you apply for a card account of $10,000, the bank adds additional assets of $90,000 to its books. And by claiming their home offices to be in states with no usury laws, they charge up to 30% intrest and more.

It's a great way for the banks to introduce millions of unsuspecting people into the living fairytale but what most people fail to realize is simple: anyone can opt out of the card system, never pay a penny and walk away unscathed by a bad credit report.

Because people just don't realize the card industry is a complete fairytale they feel they must pay money or pay the consequences of facing the banks bogeyman terror tactics. Before rushing out for a consolidation loan, a debt settlement program or gun to the head bankruptcy to end it all, one should consider the US legal system to the end the debt which never existed in the first place.

In order to prove damages in a court of law the bank must show they have been damaged by showing actual proof of loss. The banks books can never be used to show a loss because there was none. Digital entries claiming money has been taken from them is not proof in any US court.

The banks know this to be a fact so they sell your information to a collection agency which will try to convince you that you owe them money now instead of the bank. They have no proof whatsoever so you need only put down the fairytale thinking and demand legal proof that what they're saying is true.

Collectors have one last fear tactic to use against you before they return to their dark holes of unreal fantasy. They tell you they will unleash the credit reporting agencies on you and ruin your life forever. Section 609 of the Fair Credit Reporting Act states the reporting agency must have proof that what they're reporting is true and if you ventured a wild guess that they don't have this information you would be right.

Absolutely anything can be removed from your credit report by using the rule of law including bankruptcies, repossessions, foreclosures and of course those little late card payments that exist only in the realm of fairytales.

So now you know credit card debt is not exactly a fairytale but brainwashed citizens can't tell the difference. And, without knowing what is real and what is not they are forced to keep playing the banking bogeyman’s game and that ain't no fairytale.

If you need affordable expert professional legal help to beat collectors, restore credit scores, answer your collection calls and legal notices plus $20,000 in new credit at less than 3% then visit http://www.shieldedcircle.com/phil  or http://www.creditcarddebtprotection.com and talk to a certified consultant today!

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