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Tuesday, April 12, 2011

How our wealth is being taken from us...

65 Ways That Everything That You Think That You Own Is Being Systematically Taken Away From You

Just check out some of the ways that our wealth is being taken from us....

#1 Do you think that you own your house? You might want to think again. Most Americans that "own a home" are paying a mortgage. If you stop paying that mortgage you will lose that home. Over a million American families were kicked out of their homes last year. This year a million more American families will get the boot.

But when those families get booted out onto the street they don't get their down payments back. They don't get all the mortgage payments that they have made back. The banks get to keep all of the money and all of the houses.

Perhaps you don't have a mortgage. Does that mean that you "own your home"?

No, not really. Just refuse to pay your property taxes and watch what happens. At best you can say that you have the right to rent your home from the government.

In any event, the reality is that the banks now own more of "our homes" than we do. During the most recent recession, the total amount of U.S. home equity owned by the banks surpassed the total amount of U.S. home equity owned by the rest of us for the first time ever.

Things used to be far different in this country. Once upon a time American families owned most of the houses and most of the land in this nation.

But now the banks own most of it. Sadly, most American families that believe that they "own homes" are actually enslaved to 20 or 30 year debt contracts.

#2 Do you think that you own your car? You don't own it if you are still making payments on it. If you stop making payments you will rapidly lose that car.

But even if your car is paid off, you can only operate that car if you do the following....

*You must pay the license fee

*You must pay the car registration fee

*You must pay the emissions inspection fee

*You must pay the property taxes on that car (if that applies in your area)

*You must pay the tire taxes

*You must pay the gas taxes

If you have paid all of those taxes, then you are permitted to drive only where the government allows you to drive and only under the rules that the government sets for you.

But at least you "own" your car, right?

#3 What about your possessions? Do you own them?

Well, yes, you probably own some possessions.

But that doesn't mean that they are not enslaving you.

After all, did you use a credit card to pay for any of them?

If so, you could end up paying much more for your possessions than you originally thought that they cost.

For example, if you only make the minimum payment on your credit card each month, a $6,000 credit card bill could end up costing you over $30,000 (depending on the interest rate).


Read the rest:
http://theeconomiccollapseblog.com/archives/65-ways-that-everything-that-you-think-that-you-own-is-being-systematically-taken-away-from-you

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