Cocaine for Creditors

Cocaine for Creditors by John Gliha

Copyright (c) 2010 John Gliha

By your willingness to be productive, work hard, pay your creditors and mortgage with your hard earned money your debt has actually become a profit to some who have invested in your willingness to do so. Some “investors” have even profited more from your inability to pay or by you defaulting on your payments. The way our economic system is set up corporations are rewarded for losing money and provided with ridiculous profits just to “invest” in your debt! Is it any wonder CEO’s are paid millions in bonuses? Talk about the tip of the iceberg!

Wouldn’t you like to be able to create money just by typing some numbers in your computer’s spreadsheet and then tricking everyone into believing your have money to lend and that you can charge interest rates in excess of 29 percent or even 49 percent? And how about after making all of that profit, free money, you have the taxpayer base cover your business expenses through the tax system and inflation and then operate in perpetual bankruptcy while the officers of your corporation get millions in bonuses? They call it “riding the gravy train.”

I’ll let you in on another dirty little secret. When a creditor sues you in court and is awarded the lawsuit, it creates bonds that are then insured and even given a credit rating to be traded in the stock exchange. The creditors that are suing you are investing in these bonds also and the face value of the complaint is just a fraction of the bond value while these cases are being traded. Each of these cases is an asset and has its own inventory tracking number.

Is it starting to make sense? Your creditors want you in default because they can foreclose or sue you and turn their cash flows into something more profitable, lawsuits and judgment liens. They can take your property using the local sheriff while they remove the debt to another file of accounting records that nobody cares about. That way they can keep their good credit rating through Standard & Poor’s or Moody’s while investors buy up more of your debt like cocaine addicts to push the cycle even faster. As if that weren’t enough, the creditors play on your ignorance of cash flows and set up “settlement companies” which are nothing more than agents of the creditors themselves, and get you into yet another payment plan.

You may not know it but debt settlement is illegal in a minimum of 7 different state and even if you hire an attorney to help you get out of debt you could pay 7 to 10 times more than you would legally have to? The system is rigged; these guys get kickbacks from your creditors while charging you up front to get into nothing more than just another payment plan.

Even though this isn’t brain surgery this is a very sophisticated system of stealing. You are being mugged everyday and if you think you are dealing with your Aunt Betsy, who lent you a hundred bucks last Christmas, let me give you a revelation. You are dealing with the most sinister thugs in human history. These creditors have no conscience and they operate above the laws of this country, the same laws that you and I are penalized for breaking. To them, breaking the law is a business practice, even if sometimes it has a cost. They just pass that cost onto us.

If someone tries to sell you something that sounds like a payment plan or debt negotiation run away as fast as you can. These get you into default and not only cost lots of money up front, they can and do result in wage garnishments, bad credit and levies against your property and cash. The least costly method of getting out of debt is to first change the habits that got you into debt, then change how you manage your property and cash flow so that creditors cannot take it no matter what they do.

Stop using personal credit to borrow money and replace that habit with a business from which money can be borrowed and lent back to you while it makes sense; allowing you to build your net worth, which is the opposite of personal credit. If you continue with the same habits that got you into debt you will not be able to get out of debt, even debt settlement, debt negotiating and bankruptcy are nothing more than payment plans. If you want to change your situation quickly and achieve different and better results, you must change your habits. And you don’t have to reinvent the wheel, these new habits are already in use by those who do have a high net worth. You only need to open your mind and accept them and then learn them and put them into practice.

Copyright © 2009 John Gliha

This is your key to Quick Debt Relief. My experience is your gain. You never need to use an attorney and I guarantee the results if you follow my system. In as little as 90 days you can be free of the burden of debt. Not a payment plan or bankruptcy and it’s legal in all 50 states.

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