A Modest Proposal

Tyler Durden's picture

The artist said that the more complicated an idea, the more worthless. So here is a very simple bizarro world thought experiment:

What would happen if...

  1. Everyone in America maxed out their credit cards (on average about 4) to pay as much of US debt as possible (link)...
  2. Everyone refused to pay their credit card bill when invoiced.

Net result: America pays off the debts incurred to rescue the banks?

h/t Storm

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TheGoodDoctor's picture

Just make sure to use TBTF credit cards.

UncleFester's picture

At first glance you would say circle-jerk!  But you know the CC payments have been sliced and diced into tranches and sold off as fixed income investments by the TBTF.  And b/c the TBTF know you won't be able to pay the debt, they will take the other bet in the OTC.  However, b/c there are more than one TBTF, each will have the others toxic crap on their balance sheets and all will suffer when the bill comes due.  Taxpayer bailouts to cover the leveraged Wall St. bets means net result...you get free shit, TBTF get bailed out plus bonuses plus mergers and acquisitions, and (finally) your kids are debt slaves.

I Fester.

66Sexy's picture

More Like:

1. Everyone in America maxed out their credit cards (on average about 4) to buy as much PHYSICAL gold and silver as they can...

2. Everyone refused to pay their credit card bill when invoiced.

That would certainly solve the problem, and cut through the bullshit, wouldn't it?

Kind of hard to confiscate something that is widely owned and is the only true asset a person owns; after the government takes away the real estate, bank accounts, 401K's, i.e anything that is digital and immovable.

This is also the reason I am confident the "dam will hold" and the dollar will survive: the federal reserve already controls it, and its too risky to lose that control as population awareness grows on a global scale.

Z's picture


1. max out my CC to buy Au/Ag.

2. Au/Ag rise.

3 Wait 55 days (interest free)

4. Sell Au/Ag

5. Make the payment on my CC

6. Repeat.

Malcolm Tucker's picture

EXCELLENT cartoon about " The American Dream "! Full of references to banksters, the FED, fractional reserve banking, gold, etc....



LongSoupLine's picture

+ infinity.


Showed it to my teens...they loved it!  If anyone can make it go viral, it's teens.


Let the healing begin.

Michael's picture

Show this to your teens too.

Before You Enlist! (2011 revision)



That's what you get when you believe you can win a war against a TACTIC.

That's what you get when you believe the official story of 9/11 told by the Federal Government.

You get to be dead, maimed, or mentally disturbed.

You get what you deserve for your ignorance and unquestioning loyalty to your ZOG.

Andy Lewis's picture

ZOG agents gon' drink yo blood and gitcho mama.  Oogah Boogah!

The only one disturbed here is you.


akak's picture

Junked for kneeling before ZOG.


whatz that smell's picture

frankly andy i'm disturbed-

"i am the currency"

"if i am the currency, i am the treasurer"

"therefore, i am the currency"

...any questions?

palmereldritch's picture

The ZOG part was poison at the bottom of the well.  Totally unecessary and ultimately irrelevant to the subject's priorities.

The video link is excellent tho.  Everyone should at least view that and see the true face of war on the ground and decide where the Repubic and the American Constitution is best defended.

Michael's picture

I put this same comment on that video and they removed it. I wonder why? He was my favorite Superman character.

Village Idiot's picture

You weren't kidding - Excellent cartoon about "The America Dream"!  Kind of painful to watch.  Cartoon form makes it even more heinous to absorb.  Kill the squids. 

Ace's picture

Couldn't get through the video. Good effort, but they got way too many facts wrong.

Village Idiot's picture


"Couldn't get through the video. Good effort, but they got way too many facts wrong."


Ok I admit it, I didn't watch the whole thing. 

Malcolm Tucker's picture

That's a shame because you're missing the end where they face off against the giant squid bank army led by general paulson lol

anony's picture

As a non-participant in the racking up of credit, other than to use 0 interest 13 month loans to me to buy 12% Closed end funds, (with deafening applause to Dire Straits) the first part of the video had me getting angry at the idiots who borrowed that money to buy stuff. That places a huge amount of righteous blame on the borrower.

The absence of names however was even more disturbing from an educational viewpoint. If one truly attempts to inform and instruct another about the War Between the States, how would it be possible to do so by omitting the names of Robert E. Lee, Abraham Lincoln, US Grant? Or WWII without naming Oppenheimer, Hitler, Churchill, or Roosevelt?



Missing_Link's picture

Really, this is genius.

If you take debt and propagate it through enough parties (sometimes repeatedly), then eventually it becomes part of the fabric of life and magically disappears!

MayIMommaDogFace2theBananaPatch's picture

...and that children, is how we finally created the first-ever perpetual motion machine!

flacon's picture

The Soviet Communists believed that once The State becomes the Total State then the State will dissolve and form the ultimate socialist paradise. It's a Keynesian idea; a bit like suicide where one can live forever in bliss if only they kill themselves first.


Keynesianism Loves the Total State




Arch Duke Ferdinand's picture

All Americans simply refuse to file their 2010 Income Tax.

Clampit's picture

I don't have one ... unless VISA counts as a TBTF? (How exactly does this relationship work anyway?)

Haywood Jablowme's picture

VISA is your library card.


Any entity that changed into a bank-holding company to reap the benefits of all the tax-payer bailouts is FAIR FUCKING GAME.

I remember getting heat awhile back when I mentioned the use of credit cards to help aid in the purchasing of AU/AG.  $35k with gold @ $680 and Silver @ $16.  Best fucking purchase I've made with the help of CC's to date with no paper trail. 

Of course if you haven't de-programmed yourselves from the b.s. world of credit & credit scores, then it's another story.  If you can't pay for it in cash, you probably shouldn't be looking at it anyway.

Interesting how even to this day I'm still getting credit card offers in the mail LMFAO.


Clampit's picture

Couldn't care less what my credit score is, but not having a credit card isn't practical for anyone who travels, buys exotic little trinkets from various dicey online entities, or has furniture custom made. It's also an automatic 1% discount, and though I try to not beat up small retailers on price, >>90% are happy to kick in for me and my local bank vis-a-vis this conglomeration called VISA. In the last 15 years I've carried a balance a total of two months, both times were, well ... technical difficulties on my end. 

And CD, I'm amazed how many branches my library has opened around the globe, though Japan does still give me guff from time to time. 

Haywood Jablowme's picture

debit card if you must.  So the furniture maker doesn't take cash?  That's a fucking first.

The boys and girls at Visa must get a kick out of seeing your statement for the Liberace custom piano bench with the built in vibrator but maybe you save those types of purchases for your Amex "Black."



Clampit's picture

The furniture maker went Casper, and unlike the people who paid cash, I received my $2500 back.

bigelkhorn's picture

I have a bad story with these card. And do not give it to the wife...I hide it from her these days. LOL.

The guy from FFT talked about this in his economic newsletter at http://www.forecastfortomorrow.com  that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.

His oil calls are insane, and I have been making good money with them. He is well worth a look, if you want to keep two steps ahead of the sheeple out there.

I am worried about my financial future. Is anyone else nervous out there?

faustian bargain's picture

Anyone else have a sudden deja-vu? It's like I've read this same exact thing before. Naw, can't be.

Confused's picture

Anyone else have a sudden deja-vu? It's like I've read this same exact thing before. Naw, can't be.


The worst kind.



ColonelCooper's picture

Yeah.  I bet you can help me lose weight with ACAI Berry too.  Gotta link for big dick pills?  Go spam Yahoo.


Misean's picture

The banksters would just get another bail out.

DosZap's picture

Wish it could work, but it would not.

The TBTF's, would (once you failed to pay after a few months),turn you over to a Collection Agency, and get your ass served, and you pay or lose your ass.

Anything paid for.

Cdad's picture

Yeah...whatever.  If you did not need credit, it would work fine.  So if your house is paid for, and your cash flow covers food, fuel, and taxes...you are in the freakin' clear.

So yeah...it could work...unless you were a debt saturated zombie...which, in that case, is your freakin' problem for living beyond your means.  Hello penchant for human flesh.


Racer's picture

they would still get you even if you have an unsecured loan, they will force you to secure it on your paid for house

Haywood Jablowme's picture

....which is exactly why you keep assets directly out of your name.



MachoMan's picture

Spendthrift trusts are nice...  (if properly set up)... 

rocker's picture

Why the individual would loose.  And the Bankster Wins again.  How it Works.

1.  You Max out your card.  Pay off national debt.  And Default.

2.  The Bank, (holder of your card), gets bailed out 100% of default, (printing press).  

3.  Your dragged into court. Told to forfeit all your assets to cover bill.

4.  This is the best part. Who gets the assets ???  The Bankster.  They get paid twice.


Oracle of Kypseli's picture

If you max out your card and have no visible income, you file for bankruptsy.

Start fresh using cash only.

rocker's picture

That's my point.  I do not know what bankruptsy is like.  But, I can't imagine it is fun for those who do.

The Banksters steal all you have.  Except for a little cash.  Please..........

In reality, why would you max out any credit card.  No Bank EVER gets a dime from me on a balance. That is being credit stupid.  I'll take the points only.  Anybody who owes on a credit card is just not doing the right thing for their own good. 

This article makes a mockery of those who do not get the reality of being credit stupid. Actually, it is "ZH's Joke of the Day."

Oracle of Kypseli's picture

There are some of us who can pay the whole bill each month and and there are some who can not. (lost job, medical reasons, foreclosure etc.)    

Grill Boss's picture

actually you dont if you know the law and unslave yourself



learn how here

illyia's picture

Yes, rocker... I think we just did this...


hambone's picture

Credit card debt is recourse debt...better to put it on your line of credit, the non-recourse option???

Hulk's picture

I'll use the dog's cards then...