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Showing posts with label Payments. Show all posts
Showing posts with label Payments. Show all posts

Friday, August 22, 2014

What To Do About About A Swarm Of Parasites

August 20th, 2014   Submitted by Stephen White

LibertyParasiteAnyone who has ever watched wildlife videos has probably seen the magnificent creatures that inhabit the wilds of Alaska, the northern parts of Canada, or even the most remote parts of Africa. Sadly, you have also probably noticed that these beautiful creatures are plagued by swarms of mosquitoes, gnats and flies. These animals mind their own business (grazing, mating, rearing young, running, hiding, and whatever else wild animals do), but the swarms never leave them alone. Their flesh quivers and shakes quite often as a method of making the parasites get off of them – if only for a second or two.

The plight of human life is not much different, and never really has been throughout history. In fact, the founders of the United States, in their Declaration of Independence had a list of grievances against Britain and the King, one of which was this:

"He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people, and eat out their substance."

Is it possible that the founders had parasites in mind when they wrote this statement? Possibly, but that doesn't really matter. What does matter is that the "swarms" mentioned in that document pale in comparison to the parasitical government officers we contend with today. There are probably a thousand times more "officers" today than in the eighteenth century. At every turn we're confronted with some bossy sociopath who has not yet learned the fine art of minding their own business. And if there isn't a person, there will be something electronic that monitors us in their absence (stop lights, computer bugs, drones, etc.)

Considering all of these new swarms, is it any wonder that people would like to throw them off in the same ways as the animal kingdom? We need to create, collect and share different ways to "swat the parasites" and keep them from drawing even more of our blood. Here are three simple ways to reduce the impact of these pesky creatures in your life. I hope this will be just a beginning, a priming of the pump if you will.

1) Missing Money

For some reason some people can be hard to find, and that leaves businesses across the country with un-cashed checks that are returned to them in the mail. These checks can be for wages, dividends, and assorted other things, but all of it is considered unclaimed property, and the laws of every state require businesses to turn the funds over to the government eventually.

It's possible for you, or a business to quickly determine if there are funds being held by a state government that belongs to you. Simply visit a website or two. covers about forty states, and by simply entering your name or business, you can find out if one of those governments is holding your money. There will be a last known address given, and a little notification if it's more than or less than $100. If you find your name, and a familiar address, all you have to do is claim the money. I have personally found tens of thousands of dollars for others, including family.

When you have completed your search in your state of residence, then you should do the following:

  • Enter your name in any previous states where you have lived.
  • Enter any previous names you may have had.
  • Enter any business names you may have owned.
  • Enter family member's names.
  • Enter friend's names and then let them know if you find anything.
  • Enter deceased family member's names. You may be the beneficiary or next of kin who can claim these funds.

If the state you are in isn't part of this site, you should do an internet search using something like, "Unclaimed Funds CA" to find a similar site servicing your area. Most states run these programs through their Department of Commerce. So, watch for a site like that.

Never pay any third party for this service. You're already taxed to fund this process, and the states should not charge for returning your hard-earned money to you.

This has much better odds than any form of gambling, and it's much less problematic. It will give you an advantage in poor economic times by making you just a little bit more financially free, and it will strike at the general fund of each of the state governments, thus allowing you to draw some blood from them for a change. Yes, someone in government is employed to process these returns, but each claim is a net loss for the government, and a net gain for you. Your actions will reduce their general fund balance and force them to pay an employee, which further reduces that balance.

Finally, spread the word. If you find funds that belong to you, or people you know, make a comment after this article to encourage others to participate. Put these instructions on your Facebook page, web pages and e-mails. Your readers will thank you.

Those of you in Canada can also take part in this process. Some of the websites you might consider searching are:

2) Get Out Of Debt
​Finish reading at TheDailyAnarchist​

Friday, August 15, 2014

Bad Paper: How To Outsmart the Debt Collectors - Indebted or not, good info

by Felix Salmon @felixsalmon

Updated 08/15/2014, 11:03AM

Are you being hounded by debt collectors? You're not alone. Once you go into debt -- even if it's something as benign as paying for something with a credit card, or borrowing to go to college -- then you owe someone else money, and sometimes you're not able to pay back everything you borrowed. And when that happens, the debt starts to get traded: the initial lender will write off the debt, and sell it to a collector. For example, if you borrowed money from a bank, but now the bank has written the loan off, then you no longer owe the bank but a debt collection agency. And the people who work for collection agencies can be very aggressive.

Jake Halpern's great new book, Bad Paper, an adaptation of which is published in The New York Times Magazine, follows a number of these collectors -- many with multiple felony convictions to their name -- around Buffalo, New York, the center of debt collections in the US. According to the Urban Institute, roughly 77 million Americans, or 35% of adults with a credit file, have a report of debt in collections. In some places, that number is significantly higher: In Las Vegas, for instance, it's 50%1. Of that 35%, most do the wrong thing when approached by debt collection agencies. Their first instinct is to hang up the phone, to run away, to try to ignore the problem, which almost never works. What does work: Taking action like writing a letter to the company in question, instructing its representatives not to contact you. This generally does the trick -- until the collection agency sells your debt to yet another collection agency.

As Halpern's book explains, the unluckiest of debtors end up being taken to court by one of these agencies, in which case they have to show up -- or risk a default judgment being taken out against them, and their creditors given the opportunity to seize their bank accounts, their salaries, and just about anything else they own. 

When a debtor shows up to court, there's a wrong thing and a right thing to do. The wrong thing is for the debtor to settle the case; the right thing is for the debtor to contest it, and ask the creditors to prove that they have title to the debt in question. Almost nobody does this -- but if the debtor does it, he will walk out of that courthouse without owing a penny. The reason? When lenders pass debt onto a collection agency, they don't formally transfer title to the debt. That would be too expensive, given how little they are selling the debt for. So instead they just pass over a simple spreadsheet, with a debtor's name and the amount of money he owes. And that spreadsheet will never stand up in court.

In general, it's a good idea for people to pay their debts. But there's an exception to that rule, and that's when those debts have already been defaulted on. At that point, a person's credit score is completely shot, the people who lent the money have already written it off, and even if the debtor pays the collectors back in full, the original lenders won't see any of the cash. So if a debt collector armed with nothing more than a spreadsheet and a phone number starts pestering you for money, treat him the way you would any other cold-caller looking for your cash: Tell him not to contact you any more -- and then, in the unlikely event that you receive a summons, tell him he has no title to your debt and that you're not going to pay him a penny.

1 The number of Americans with debt in collections is not an easy figure to define, let alone measure: there's no central database of such things. Bad debts never really go away, they just get older and harder to collect on. Which means that while it's pretty easy to get added to the list of Americans with debt in collections, it's very hard to drop off the list. Other statistics, showing 30 million or 35 million Americans with debt in collections, generally look only at debt which has been active in the past 3 months or 12 months. But Americans get pestered every day over debt which is many years old.

Sunday, January 5, 2014

U.S. Education Department's Student Debt Collector Accused of Ruthless Tactics

It's not unusual, just disappointing, that the author Brinkerhoff failed to inform his readers that taking money from taxpayers and lending it to another class is blatantly un-Constitutional.

Sunday, December 15, 2013

Obamacare's Next Hurdle: Getting People To Pay - Can the FedGov Garnish your wages if you don't

I suppose ZH covers the Obamacare snafu as well as anywhere else, but we have a concern. What if the enrollees are delinquent paying the premiums?

Thursday, November 28, 2013

The Fed Must Inflate - Chris Martenson - Mises Daily

Mises Daily: Thursday, November 28, 2013 by Chris Martenson

The Fed is busy doing everything in its considerable power to get credit (that is, debt) growing again so that we can get back to what it considers to be “normal.”

Friday, November 22, 2013

Education Dept. Reaps Profits from Student Debt

One of the bigger reasons why our Founders reserved the power of education to the sovereign states!

Friday, November 22, 2013

While President Barack Obama has lauded the importance of helping students afford higher education, his Department of Education has made billions of dollars in profit off student loans.

Wednesday, November 13, 2013

Home equity lines due for reset may be looming financial disaster

Some borrowers may no longer be able to afford these credit lines when they are required to begin paying both principal and interest on their balances.

Monday, November 11, 2013

Mortgage Payments Rise To 40% Of Consumer Incomes: A Five Year High

Posted on: Monday, November 11, 2013 8:07 AM
Author: Tyler Durden
Still think houses are extremely affordable? Still think rents, especially for rental stream-securitized offerings by Blackstone et al to widows and orphans , will continue rising in perpetuity? Think again. As the following chart from Bloomberg Brief shows, mortgage payments as a % of average consumer incomes has risen to 40%, up from the higher 20% as recently as a year ago, is still rising, and is now back to levels last seen in 2008.

Tuesday, October 22, 2013

The Rise of an American Debtcropper System for the Young

Tuesday, October 22, 2013

Readers have often been using the term “neofeudalism” to describe the outlines of the new economic order, in which the uber wealthy and a thin cadre of their advisors, managers, and other elite professionals do well, with a network of less lofty managers helping oversee and orchestrate the provision of services to the broad base of the public, and they struggle to eke out a meager existence.

Saturday, October 19, 2013

Twice paid for no work likely for some furloughed federal workers

Published: Saturday, 19 Oct 2013
By: Paul Davidson

Furloughed federal workers protest outside the U.S. Capitol to demand an end to the lockout of federal workers caused by the government shutdown in Washington, DC.

Saturday, June 15, 2013

DETROIT IN CRISIS - DEBT DEFAULT IMMINENT: Pension Ponzi Scheme Will Spread-Update 6/14/13 - YouTube


Published on Jun 15, 2013
Detroit To Default Today, "Shared-Sacrifice" To Follow
Detroit debt owner: Orr will come up with plan to repay bondholders in full
Assured Guaranty Ltd. (AGO)
Major FGIC Policyholder Praises NY Supreme Court Confirmation of FGIC Rehabilitation Plan
Franklin Resources Inc. (BEN)
Syncora Holdings Ltd. (SYCRF)
Nuveen Investments

Tuesday, August 7, 2012

Secret History of the Credit Card - The Plastic Instrument of Our Debt Slavery *full video*

Underground Documentaries
August 7th, 2012

In “Secret History of the Credit Card,” FRONTLINE® and The New York Times join forces to investigate an industry few Americans fully understand. In this one-hour report, correspondent Lowell Bergman uncovers the techniques used by the industry to earn record profits and get consumers to take on more debt.

Friday, April 27, 2012

Big Banks Take Aim at Low-Income Americans with Hidden Fees

Friday, April 27, 2012
Big Banks Take Aim at Low-Income Americans with Hidden Fees
(graphic: Jane Air)
Restricted from gouging many of its middle-class customers because of the Dodd-Frank financial reform law, banks have focused on hitting low-income Americans with new, exorbitant fees.

Tuesday, April 24, 2012

Companies Can Keep the Taxes Deducted from their Own Employees' Pay Checks!

Taxed by the boss

David Cay Johnston
Thu, Apr 12 2012

By David Cay Johnston

(Reuters) - Across the country more than 2,700 companies are collecting state income taxes from hundreds of thousands of workers - and are keeping the money with the states' approval, says an eye-opening report published on Thursday.

The report from Good Jobs First, a nonprofit taxpayer watchdog organization funded by Ford, Surdna and other major foundations, identifies 16 states that let companies divert some or all of the state income taxes deducted from workers' paychecks. None of the states requires notifying the workers, whose withholdings are treated as taxes they paid.

Saturday, April 21, 2012

One Nation Under Debt With Endless Debt Slavery For All

Debt is a "soft" form of slavery.  In America today, it is not legal to bind people up with chains and force them to work for you, but that doesn't mean that there are not millions upon millions of slaves in this country.  When you borrow money, you willingly become a servant to the lender.

Going To School Means Drowning in Debt in America (Infographic)

Saturday, April 21, 2012

By Online Schools
Student loan debt in the United States has grown to over $1 trillion dollars - that’s more than the GDP of more than half of the countries on earth. But how did it get this far? The biggest factor in play is the increasing cost of tuition. Tuition is at an all time high and naturally students are taking out larger loans.

Should We Kill The Dollar Bill?

Posted by Charleston Voice, 4.21.12

The discussion below is clearly a non sequitur .  'Saving' the US Dollar to most really means an intent to preserve its purchasing power, not its physical medium for exchange. Would you 'save' your own house by maintaining its upkeep, or replacing your rundown shack because of your own neglect with another of equal (and declining real value)? Do you change the oil in your car? Do you brush your teeth? Do you know the toxins and poisons not to eat? 

Friday, April 20, 2012

We are reaching a point of no return with global debt

The long debt emergency has arrived – From 1950 to 1980 total US credit market debt to GDP held a ratio of 1.5. Today that figure is above 3.5 with total US credit market debt at $54 trillion.

Monday, April 2, 2012

Bitcoin & The End of State-Controlled Money

Uploaded by ReasonTV

Bitcoin is the world’s first fully decentralized, peer-to-peer (p2p) virtual currency. It allows users to make anonymous and untraceable cash transactions anywhere in the world without any sort of real-world intermediary. So unlike PayPal and other online services, it can’t be squeezed in the same way by governments or other control agents.