Today, a mortgage seems ubiquitous, just another bill in your life.
However, it is not, and its existence is evil, life shortening, and should never have existed. Especially when banks can just print money to create them.
When you have a mortgage, you stress about being able to pay it. And that is 30 years of stress. It is actually quite a lot of strain onto your life. AND a lot of limitation, where you must think on whether you can take that new job, because of the mortgage. It is very much a trap. A prison cell for 30 years (if you are lucky). And that is the other thing, you have to not have a break in your employment for 30 years. No covaids scam to cut your pay, No companies moving jobs overseas. No giant changes in where businesses want to have their headquarters. No bad years. The odds are very much against you.
And, what is worse is that the mortgage contract is soooooo one sided. The bank did the easiest thing for them, in order to create the mortgage. But you have to change your labor into money, to pay them back. (or change whatever you create, like soy beans, into money) You must pay back the money no matter what they do to the money supply.
The mortgage is a bad deal. And, if the judges didn't work for the banks, banksters would have been sued into oblivion by now.
Mortgages are, until you die.
Mortgage is a French word. Morte = death. Gage = note. So, Death Note.
Or, you will pay until you die.
The adage "He bought the farm" - means he got out of the mortgage, by dying.
What type of contract should ever state such terms?
By name alone, what the banksters are doing is evil.
Further, it was always a scam. Sell the farm to a farmer, get it back when they have a bad year. Repeat.
A great scam that destroys people's lives. And further, actually takes a portion of their life. Something a contract should not do. Especially since the bank gives nothing, even remotely close, to consideration (something of equal value). There life is never on the line, or in question. And every problem the banks have, can just be fixed by printing more money.
The banksters are playing a game with your life
Imagine a game, like soccer. The field is flat. Each side's goal is the same size. The referees are (mostly) not biased.
Now imagine the game of banks and mortgages as a soccer game. The field would be very tilted in favor of the banks. The goal you need to get the ball into is not much bigger than a kitchen cabinet. But the bank's goal is the size of the field. The ball just has to roll down the field, and they win. The referees all assume the bank is acting as they should, but will go against the borrower for anything and everything. Further, if the bank is found guilty, they just print more money. If the borrower is found guilty it is usually life destroying.
It is not a level playing field is an understatement.
Such a agreement is not legal under common law. That is why the banksters have implemented the law of the sea (Maritime law) and completely own that legal system.
The banksters have you put up your life, and they put up "money" they printed out of thin air.
What economists never say about paying off your mortgage
When financial planners/economists talk about paying off your debts, they almost always advice against paying off your mortgage. They say things like, "You can make more from your investments than you pay in interest on the mortgages."
What these people never mention is how much stress in your life is caused by the mortgage.
When you have a mortgage, you often lose sleep thinking of how you can continue to afford it. Further, every major decision in your life is constrained because you need to pay your mortgage.
That is quite a lot of unseen burden applied to the borrower.
Actually, it is a better analogy to say that you are in prison for the 30 years of a mortgage.
So, paying off the mortgage may be one of best financial choices. Live a longer, healthier life.
If the law was actually fair, the banksters would be in so much trouble.
Currently the banks get paid twice, and all they gave was money that was printed out of thin air.
Further, the banksters are dealing in the easiest thing for them, while putting you in the most difficult position. The borrower takes on ALL the risk, and the banks push off their risk to just printing more money.
The banksters are playing with borrower's lives. Playing a game of, lets see how many years you can avoid any catastrophes. While the banksters are only risking be caught out as frauds. A bank run is much rarer than a bad year for crops.
However, the people are going to learn how evil the banksters have been. Wall street will be empty except for the banksters adorning lampposts. And they will deserve it, for the evil they have wrought with mortgages.