Bankruptcy... Is it to easy?

Maxtout

neas wrote: »

but it doesnt give you any credibility because you didnt know what to do with your own income and yet expect people to listen to your advice... based on what you think you know or what not.

Saying something like 'money doesn't exist' is stupid. Pure stupidity, if it was a simple case of creating money... then lets all be billionaires.... oh wait thats zimbabwe for you... and I think that scenario dont work.

The money markets factor in such acts like printing money, and the exchange rate doesnt favour to well (for obvious reasons). Money that isnt repaid... isnt absorbed or 'repaid by god'.. it is lost and it hits the bottom line on everyone. IN the extreme case we are footing the bill as taxpayers for a generation to come because of our credit filled binge.... in normal cases our interest rates for loans and mortgages would go up as the bank factors in the risk associated with you not repaying in full.

I'm not looking for credibility and having knowledge of how the world really works economically only means I was aware of the dangers of endebting myself to a deliberately flawed system. With regards to my own debt I did what I had to do for the greater good without a luxury in sight to show for it.

Money is a form of mass hallucination - it’s one of the rare things in the world whose existence is created solely by the belief that large numbers of people have in it. The value of money is an illusion in a world where the whole economic and financial systems are corrupt.

creditpunch

Alan_M wrote: »

However, I can obtain secured lending with almost no problem whatsoever.

But don't you have to have something to secure it against first? and anything of value inc. substantial future earnings (for 3 years) would have been taken in the BR process

CP