If we knew how much mortgages cost us, there wouldn't be a bank left standing tomorrow. But we don't, we just take them as normal. The more educated people will say that it costs 3x the price of the house, the material, the labor used to create it. Three times, the money given to the bank, who brought no materials and no labor to its construction. However, although this is ABSOLUTELY true, the destruction the mortgage has wroght is way more than that.
We could more easily talk about how much extra the CC is costing us when we use it to buy our food or pay for gasoline. But its destruction is all pervasive, at least it does provide some benefit to the user and the store.
If it was just about debt (debt being slavery) that could be managed. It could be paid off. However, that is only one attack. There are three or more attacks on your, and your community, and you world's survival.
It is really bad. Ingeniously evil.
The lowly Credit Card… of doooooom!
CCs cost you high interest rates (if you don't pay them off each month in full), high fees and…
When you use a CC with a store, that store pays a CC processing fee, and a bank processing fee. (yes, two fees to get the money from you.) Usually this is between 3-5% of each transaction. Sometimes as high as 10%.
Now you can see why some gas stations offer a discount for cash.
However, stores get many benefits from accepting a CC. They aren't taking any cash, so they can't be robbed. The transaction is faster, there isn't any money to count out, and change to be given.
The downsides is that the CC transaction takes 3-5 days to get into your account. AND THEN!!! it can be clawed back at any time, no warning. And you better have money in your account, or you will be fined for having too little money.
And, the customer gets a lot of protections from using a CC. Like they get insurance, and have many more ways of getting their money back / refund.
And this can be seen as just the costs of doing business, BUT… (dun, dun, dunnnnnn)
That is not the whole story. All that money you spent on the CC, well, it didn't exist before. It never actually will exist. It was made up out of thin air. Meaning, the CCs use makes everything cost more (inflation)
And they will make you pay 18% interest on money they made up out of thin air. And if you miss a payment, fees and more fees, and fines and penalties. Some CC companies actually live on these fees.
The mortgage scam is even worse!
The order of things in the mortgage process.
- The seller gives the house to the bank (yes, GIVES)
- the bank adds the house to their books/balance sheet.
- Since the bank has a positive balance, they can create money to neutral balance.
- the buyer makes a contract to give back the money (a note)
- the buyer makes a contract to make payments monthly to the bank (yes, the buyer pays the bank twice)
- the bank pays the seller the negotiated amount.
No, the buyer does not buy the house. No where in the mortgage contract is that stated. You did not buy the house. And in some modern mortgages, you are never given the house. You are the tenant. Only, and forever more.
Yes, you do pay the bank twice. The note you created is worth the amount you said you will pay. AND! you agreed to pay the bank payments each month. The note you created is just like the FED creating a note. (a Federal Reserve Note, often has a picture of a dead president)
AND, yes, the seller has to give the house to the bank at the beginning of this sequence. If the sequence is halted, it will be found that the seller has no legal recourse. They gave it away. (which the banks try to avoid, because it would raise alarm bells)
This is before any of the real shenanigans start. The worst is yet to come.
Making money out of thin air
The bank didn't have any money to pay for the house. They didn't have any money at all. They made the money out of thin air.
Actually, it would be more appropriate to say that they stole a penny (of purchasing power) from every dollar near the banks. Thus, they not only got a promissory-note from you, and an agreement to pay every month, but the bank also made every house more expensive. They created more money, so now there is more money and the same amount of houses. Thus the price creeps up.
But this compounds, you will pay 3x the purchase price (at least) by the time you finish paying.
Three times, paid to a group that offered nothing of any real value. They didn't build anything, they didn't help in any way. (in fact, when you look into things, the banksters made sure that there was never enough homes)
So, to state this truly, the bank has sucked three times the blood, sweat and tears from each "tenant". They have taken the lion's share, and haven't given anything back. Worse, they want to continue the payment, and you in the position of slave for all your life.
That is why it is called a mortgage
Mortgage - a french word. (Mort, as in Morte = death; Gage = paper, note, as in an IOU)
So, a death note, or you will pay until you die.
The banksters have kept everyone poor and in chains.
They have rarely been honest, and have actually been the cause of bankruptcies. (it is baked into the system. The slowest runners fall off the treadmill of money creation)
A craftsman can build his dream house, by himself, in about 3 years.
An apartment only takes about 3 months of craftsman time to build.
A person shouldn't pay much more than that for a home to sleep safely in.
Today the average person is paying ⅓ to ½ their after tax wages to have a roof over their heads. That is 15 years of their life, when it should be less than 1 year.
14 times, that is what the banksters are taking from us. and the banks keep upping this. The youngest generations can't even afford a home.
Banks and banksters have a lot to answer for. And this is just about mortgages, this doesn't include the wars that they fund, and push into existence to destroy homes, waste resources, and the mortgages the new homes that must be built.
Very, very EVIL!