Thread: Economic Hitmen - by John Perkins

Originally Posted by lnvanry

that meant to say "I'm all for REMOVING mort interest deductions..."

Is the US gov debating this again?

They floated it in 1993, and then it died, or was snuffed out.

The UK did away with the mortgage debt interest deduction. When the UK did there were calls of gloom & doom that removing the Mort Interest deductions would restrict, hurt, and even cause a downturn in the market.

It did not.

It kept going up. (UK is different of course because it's an island with limited space in comparison to the US).

If you look at the Mort Interest Deduction it is an:

incentive to borrow hundreds of thousands of dollars and go into debt for 20-30+ years.

This incentive is a part of the US governments policy of "getting as many Americans to buy a house --> go into large mortgage debt -- as possible.

It started in the 1930s.

People with mortgage debt are a LOT easier to control.

Originally Posted by Big Smoothy

Is the US gov debating this again?

They floated it in 1993, and then it died, or was snuffed out.

The UK did away with the mortgage debt interest deduction. When the UK did there were calls of gloom & doom that removing the Mort Interest deductions would restrict, hurt, and even cause a downturn in the market.

It did not.

It kept going up. (UK is different of course because it's an island with limited space in comparison to the US).

If you look at the Mort Interest Deduction it is an:

incentive to borrow hundreds of thousands of dollars and go into debt for 20-30+ years.

This incentive is a part of the US governments policy of "getting as many Americans to buy a house --> go into large mortgage debt -- as possible.

It started in the 1930s.

People with mortgage debt are a LOT easier to control.

I was thinking about what the next "solutions" would be in the US to trim gov expenditures once they really start to deduce social protections. the last time they talked about his it would have been eliminating the mortgage interest deduction for residential loans but keeping it for corporations and business property's.

Originally Posted by LAM

this is easier said then done in the land of illusions, aka the US. the hubris of Americans as a whole blinds them from many facts. they laugh and mock other countries that are manipulated by their governments (take China and N. Korea as examples) while the exact same thing happens and is happening to an even greater extent here.

You have slurped Michael Moore's cock one too many times.

Originally Posted by M4A3

You have slurped Michael Moore's cock one too many times.

and you are dumb enough to believe what you see on tv and what politicians tell you.

either way I don't read his stuff or watch his movies. data or information from independent 3rd party's is were you find accurate and unbiased information on any subject.

Originally Posted by LAM

and you are dumb enough to believe what you see on tv and what politicians tell you.

either way I don't read his stuff or watch his movies. data or information from independent 3rd party's is were you find accurate and unbiased information on any subject.

No, I don't believe what politicians tell me or what I see on TV. But I love my country, and think it would be a much better place if people like you moved to Cuba.

And the Socialist Worker's Party and their communist Rag is not independent, unbiased information. I know that is where you must be getting most of the drivel you post.

Originally Posted by Big Smoothy

Is the US gov debating this again?

They floated it in 1993, and then it died, or was snuffed out.

The UK did away with the mortgage debt interest deduction. When the UK did there were calls of gloom & doom that removing the Mort Interest deductions would restrict, hurt, and even cause a downturn in the market.

It did not.

It kept going up. (UK is different of course because it's an island with limited space in comparison to the US).

If you look at the Mort Interest Deduction it is an:

incentive to borrow hundreds of thousands of dollars and go into debt for 20-30+ years.

This incentive is a part of the US governments policy of "getting as many Americans to buy a house --> go into large mortgage debt -- as possible.

It started in the 1930s.

People with mortgage debt are a LOT easier to control.

I've heard this theory...if it is indeed true that it was architected for this purpose, then the architects were not very accurate that people with mortgages are a LOT easier to control.

strategic default is becoming common practice for consumers...just like it has been in the commercial world for quite some time

Originally Posted by M4A3

No, I don't believe what politicians tell me or what I see on TV. But I love my country, and think it would be a much better place if people like you moved to Cuba.

if you truly loved your country then you would denounce neo-liberal economic policy, but you don't your retarded enough to embrace it with out even pitching a bitch. your so fucking stupid you don't even know what socialism is. you will not find a single post made by me wanted to put the state in charge of the means of production, good luck finding one of those by me.

neo-liberal economic policy will destroy the US and any country that perpetuates it through legislation and manipulation of that country's people via bad policy legislated by it's elected officials.

Originally Posted by LAM

if you truly loved your country then you would denounce neo-liberal economic policy, but you don't your retarded enough to embrace it with out even pitching a bitch. your so fucking stupid you don't even know what socialism is. you will not find a single post made by me wanted to put the state in charge of the means of production, good luck finding one of those by me.

neo-liberal economic policy will destroy the US and any country that perpetuates it through legislation and manipulation of that country's people via bad policy legislated by it's elected officials.

You really don't know, what you don't know, and I find it hilarious. LOL!