"Free House' economics... and the fast ariving virtues of frugal living.
phil scott
to simply keep the house, and stiff the banks.
However.... then the IRS will claim you owe windfall profits on the
property, due immediatly.. a few hundred thousand dollars.
They know in advance that you don't have it and can't sell...
.... so they will settle for payments of 25% to 50% of your income
until paid,,,, a defacto morgage, but in this case with the IRS
capablities of levies on your income.
Then gov't will just keep bailing out the banks.. with that money
... and other taxpayer money, 'borrowed' from the fed,,, which is now
accepting real estate to secure its 'loans' (money they created from
thin air in the form of electronically created 'loans'... lets call em
'vapor' loans,, with real collateral. thats one hell of a sweet
deal.for these fella's)...
... the property is real... and now goes to these mostly private
foreign banks... to whom you owe half of your income, before you even
see it, taken from your check...
......enforced by the ever tightening IRS noose.
***
Blowback...
... the noose ruins morale.. enterprise shrinks....
.... and that defunds goverment.. poof go the bogus snivel service
pensions
.....these central bankers end up owning property on an ever
demoralized mud ball in the sky.
These guys are thinking ahead... vewy schmart, but with claws.
***
The cure,
...opt out, sell one or two of your SUV's.. one or two of the 60" wide
screens... and that big ass, 2500 sqaure foot house, and its big fat
ass loan,
... you had all this to house yer skinny wife and 1.3 kid.? and
that anchors you to its local area job market?
Not smart...
....down size,
....work less, drop below taxable levels.. rest a lot,,,
.... go bass fishing.. rent.
..... that way you can more and stay healthy as the rest of the nation
and corporate culture turns into a bit of a snake pit....feeding on
rats and idiots...
****
. but you? well you will sleep well, have money to burn, no debt..
.... and can move by simply putting your car in gear and pointing it
down the freeway to your next gig. (so to speak).
.... and home school your 1.3 kiddie so he doesn't turn out to be a
brainwashed taxed and worked to death... maroon.
Regards, Phil scott