Jewish Credit Cards are like Jewish Crack Whores

[CrackSmokeRepublican]

Jewish Credit Cards are like Jewish Crack Whores
By: Crack_Smoke_Republican on: 26.01.2008 [01:11 ] (1464 reads)
   

http://www.iraq-war.ru/article/154500

Try'em once in the USA and then kiss your normal life goodbye — Story of a Canuck living in the USA goes Bust due to the JEWISH CREDIT CARD Industry. BTW — For the record, the CSR has no personal experience with JEWISH Crack Whores and their various diseases but has seen the final effects on others and it is not pretty.
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Drowning in debt, he needs a life raft

Nathan Drake, who owes $54,000, spends nearly $2,000 more than he earns each month. An advisor urges drastic changes.

By Kelly Barron, Special to The Times
January 25, 2008

Five years ago, at the tender age of 25, Nathan Drake of Whittier found himself starting life over, but with an anvil around his neck.

Drake wound up divorced and nearly $25,000 in debt after spending got out of control in an emotionally rocky marriage. With just a car and a computer to his name, he moved on and into an apartment, buying everything anew from a shower curtain to a couch.

Drake eventually mended his heart, and remarried last July.

But his finances are still broken, and that anvil got much heavier.

The Canadian transplant, who nets $30,000 a year, is $54,000 in debt and considering bankruptcy.

"I'm at my wits' end," said Drake, 30, who works as a product manager for a Whittier microfiche storage and industrial furniture company. "My paycheck is spent before I get it."

Starting over — and buying a truck and a sparkling wedding ring for his new wife — put Drake further in the hole.

He dug it even deeper, splurging as a newlywed to show his Canadian wife, Jodi, 23, around Southern California. He and Jodi dined out on $100 seafood dinners, took trips to Las Vegas and, on weekends, went out to dinner and a movie.

All of it added up. Drake carries $29,000 in debt on six credit cards. He owes an additional $16,000 at his bank. And he has borrowed $9,000 from his 401(k) retirement plan, which is worth $14,000 and was his only unencumbered asset.

Each month, he spends nearly $2,000 more than he earns. Any financial mishap and he's further in the hole. Recently, Jodi needed a root canal, forcing him to put $900 more on plastic.

"He's in terrible shape," said Linda Barlow, a certified financial planner in Santa Ana who reviewed Drake's situation.

His credit score, a numerical value that ranks a borrower's credit risk, has plummeted to 593 out of a possible 850, making it impossible to get a loan without a co-signer. The interest rates on his credit cards are as high as 30% — among the steepest Barlow has seen. And twice in the last month, he has invoked his bank's overdraft protection.

Only recently has frugality entered into Drake's budget. He moved from San Dimas to Whittier to cut his commute and save on gas. Because most of his cellphone use is for work, his employer agreed to cover his cellphone bills. And he and Jodi no longer dine out on crab legs.

But until a few months ago, Drake was spending as much as $225 a month on gas and $300 a month on restaurant meals.

"Even I don't spend $300 month eating at restaurants, and I can afford it," Barlow said.

Drake's rent is reasonable at $975 a month. But other recurring costs are high.

He pays about $6,800 a year in loan, insurance and gas bills for his Chevy Silverado truck. Drake said he needs the gas-guzzler so he can tow a motorboat to vacations along the Colorado River. He paid $2,300 for a one-third interest in the boat; his buddies own the rest.

"People who are $54,000 in debt don't go on vacation," Barlow countered. "The whole picture here is one of denial."

She estimates that Drake needs to slash his expenses by at least $3,000 a month and stop piling on new debt. If he does — and Barlow believes that's a big "if," given his spending habits — Drake could dig himself out of debt in a little more than three years.

To start, she advises ditching the boat and pocketing the $1,500 Drake estimates his share is now worth. Getting cheaper wheels would cut his expenses too.

Other savings can be found by reducing 401(k) contributions from 10% to 4% annually. Barlow, a big fan of saving early for retirement, gritted her teeth in making that recommendation. But in Drake's case, doing so would free up $1,440 a month.

She recommended that Drake contact his credit card companies and renegotiate his sky-high interest rates. He also should transfer some of his credit card balances to a card that offers 0% interest rates for a year. After that term is up, Barlow said, Drake could transfer the balance to another 0% card, avoiding high rates altogether.

Some of her clients have gotten entirely out of debt while using that strategy, she said.

She also wants Drake to see a debt counselor at a consumer credit counseling agency affiliated with National Foundation for Credit Counseling, a nonprofit organization that helps educate people about their finances. There, for a nominal fee, an advisor could help Drake renegotiate his debt, devise a debt reduction plan and create a household budget.

There are some glimmers of hope in Drake's otherwise dreary financial future.

If the division he manages reaches its sales targets, he'll receive a portion of the commissions earned from furniture sales. He said that could add $1,000 a month to his income.

And when Jodi changes her immigration status and becomes a permanent U.S. resident, she'll start working too. Drake, a permanent resident, is awaiting his U.S. citizenship. It could take as long as a year for him to become a citizen and six months more for his wife to get her residency, said Louis Piscopo, an immigration attorney in Anaheim. For now, though, Jodi must return to Canada while seeking residency. There, she plans to work for her sister's clothing company and to forward most of her monthly paycheck to Drake.

Every little bit helps. If his finances don't improve within the next six months, Barlow doesn't rule out bankruptcy. Because of the psychological stigma and negative credit implications of a filing, she views it as a last resort.

Drake nonetheless could be good candidate, said Marc Forsythe, a bankruptcy attorney in Newport Beach. Bankruptcy liquidation would discharge his debts and compel him to go to credit counseling. But the bankruptcy would remain on his credit report for a decade, which might make it difficult to get credit cards and loans in the future.

Drake never thought he would be in this position. Raised in a middle-class family in Nova Scotia where his father ran a sandblasting business, he grew up knowing the value of a dollar. As a teenager, he pumped gasoline to earn extra cash.

But when he entered college, he discovered that credit card companies, whose sales people marketed cards in the lobby of a school building, were more than willing to extend him credit.

"I had never had any debt before," Drake said. "But all of a sudden I had all these credit cards."

Now, he's desperate to rein them in. No longer trusting himself, he recently phoned his credit card companies to put ceilings on his spending limits. He couldn't get any 0% interest credit cards. But he did land one with a 3.9% rate and transferred some of his higher interest debt. He said he was open to seeing a debt counselor.

Jodi also is cutting back, clipping coupons and cooking inexpensive meals of chicken and potatoes.

As for the boat, Drake is not willing to sell. Because he and Jodi stay at his uncle's house when they go boating, Drake insists it's a cheap getaway. Nevertheless, he'll have to forget about motoring down the Colorado River for quite a while.

Barlow said she'll continue to check in on him over the next six months to help him get on firmer financial ground. Drake, meanwhile, is hopeful about a financial turn-around.

"There's a lot of work to be done," he said, "but the pieces are falling into place."

Do you need a money makeover? Each month, the Sunday Business section gives readers a chance to have their financial situations sized up by professional advisors at no charge. To be considered, send an e-mail to mailto:makeover@latimes.com">makeover@latimes.com. Include a brief description of your financial goals and a daytime phone number. Information you send us will be shared with others.


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A little History on Jewish Prostitutes
by Crack_Smoke_Republican on 26.01.2008 [16:28 ]    
But transporting Jewish women from as far east as Bombay was no laughing matter. Perhaps because Jews simply did not see themselves as procurers, there was a long period of turning a blind eye to the extent and depth to which Mädchen-handlen flourished among Jews.

The tangled history of pimps and prostitutes faced with an outraged general and Jewish public is thoroughly explored in Edward J. Bristow's Prostitution and Prejudice.(1) Bristow documents a ready-made Jewish underworld eager to engage in pimping. The Buenos Aires branch of alfonsins (the Polish-Jewish epithet for pimps) even formed a fraternal society (Zwi Migdal), which maintained its own synagogue and cemetery.(2)

Although Jewish procurers dealt almost exclusively in Jewish women, they were successful enough to achieve 50 percent of the market in Hamburg, Eastern Europe, and South America, according to police records. The names alone conjure up a Jewish world: Aside from Harry the Mock, Crazy Itch, Charlie Argument, Ryfka the Cow, and an array of madams named Sadie, there is a supporting cast of alfonsins, bombiens (from Bombay), kaftismus (observant alfonsins), macks, freuenhandlers, and a host of other pejoratives.(3)

The weave which formed this history had many threads. Chief among them was the desperate poverty of five million Eastern European Jews virtually entombed in the Pale of Settlement. An uneducated Jewish girl (few were otherwise) could escape the ghetto by registering as a prostitute. Many of the pimps were Jewish men who, as boys, had been snatched from their homes and returned after 25 years of forced service in the Czarist Army. For many Jewish tavern keepers ("between the gates of purity and defilement," in the words of Chaim Nachman Bialik),(4) the transition from tavern keeping to brothel keeping was an easy one.

Still, while there are many causes, there are also no causes. Girls from backgrounds identical to those of prostitutes never entered the trade, and crazily enough, there were a number of success stories, such as Polly Adler's, which was popularly chronicled in her best-selling autobiography A House Is Not A Home.(5) Adler, born in Russia, was a female counterpart to Arnold Rothstein and Nicky Arnstein. Operating in New York during the '30s, she became the most celebrated madam of her day.

Paradoxically, aspects of Jewish religious life actually facilitated the trade. The most graphic example, a variation on the agunah (wives unable to prove the deaths of their disappeared husbands), was the practice of stillah chuppah (literally "silent chuppah"), that is, clandestine weddings done before witnesses and sealed with a gift. The stillah chuppah refers to an arcane point of Jewish law, not unlike common law, which holds that a rabbi is not necessary at a wedding ceremony. The presence of any attending adult (male) is sufficient in Jewish law to confer married status. Often practiced in precisely those districts where families were most desperate and unlearned in the subtleties of Jewish law, such marriages resulted, in what was referred to delicately as "irregular civil status." As Bristow explains, stillah chuppah enabled procurers to manoeuvre unsuspecting girls into compromising situations. Ruthless men would court them, marry them, and then coerce them to practice prostitution.... Such wives had no legal protection because their marriages were not registered in civil law. Yet, they thought themselves married and were recognized as such by traditional Jews.(6)

www. theawarenesscenter.org/prostitution.html#We


The Story of Jewish Whores is quite interesting
by Crack_Smoke_Republican on 26.01.2008 [16:32 ]    
Lest there be any doubt that the Galicia reference meant Jewesses, Lord Kitchener himself abetted the practice of encouraging European prostitutes — largely Jewish — for his troops in India, while discouraging English ones, to preserve "the moral character of the governing race." (

International Jewish prostitution was not eliminated until just before World War II. In the '20s and '30s, white slavery was actually a subbranch of the history of Jewish gangsters, boxers, and bootleggers.

The Jewish community faced the problem of how to work with the larger community to combat the international network of procurers. Jewish leaders intent on removing the worldwide scourge, and the embarrassing Jewish contribution in particular, were sometimes accused of responsibility for all white slavery. This accusation would surface despite extensive documentation that the trade was dominated by French, German, and Italian operators and that Jews dealt primarily with Jewish women. Consequently, those Jews working to suppress this sorry trade in Jewish poverty often found themselves stymied both by gentile accusations and by Jewish reluctance even to acknowledge that a problem existed.

It is precisely at this juncture that the best-known analysand of all time — Bertha Pappenheim, more famously known as Freud's "Anna O" — becomes a significant player. Anna O was the name given by Joseph Breuer and Freud to the young woman whose hysterical symptoms laid the foundation of psychoanalysis.(9) The pseudonym was used to guarantee anonymity to the young daughter of a well-to-do Viennese Jewish family, who suffered from a bizarre set of hysterical symptoms after the death of her father, with whom she had been very close, having attended him as a nurse during his death throes. Breuer documented his "talking cure" treatment, in which he hypnotized her and traced each symptom back to a specific traumatic event, almost effecting a cure thereby.(10)

It was this remarkable case, about which Breuer consulted Freud long after the event, which ultimately moved Freud to write The Interpretation of Dreams (read for the first time at a Tuesday night meeting of his B'nai B'rith lodge in 1899, and sent to Theodore Herzl in hopes of a favorable review) and thence to develop his full-blown theories of psychoanalysis. It was not until 1953, however, when Freud's disciple Ernest Jones wrote a definitive biography of the master, that Anna O was revealed as Bertha Pappenheim, whose treatment was broken off by Breuer in 1882, after she fantasized that she was having Breuer's baby.(11) Frightened by this development, Breuer broke off the treatment and went on a second honeymoon with his wife.


Typical Credit Card Jew Whore Usury Peddler
by Crack_Smoke_Republican on 26.01.2008 [18:44 ]    
In a 1999 cardholder class-action lawsuit against Providian, 12 internal company documents were obtained by The San Francisco Chronicle.2

In a July 1998 memorandum to David Alvarez and Dawn Greiner, Kahr urged the company not to tell customers that some credit cards don't have "grace periods," a limited time for paying off balances before finance charges kick in. And in a September 1998 memo to marketing executive Greg Pacheco, Kahr suggested how to promote a for-fee cardholder buyers club program that in most cases offered tiny 1 % rebates at selected stores: "A 1 % rebate is a 'discount on everything you buy.' We could easily make that discount 'up to 30 %' just by randomly or systematically giving a few customers a big rebate."

In a September 1998 memo to Mehta, Kahr advised calculating the credit protection charge as a percentage of the customer's credit line:"The (credit protection) fee can be denominated at 9.8 cents per hundred dollars of line, or whatever, and this has the additional merit of making the $96 go away from the disclosure box." The recommendation was underlined and the notation "excellent suggestion," followed by the CEO's initials, was penned in the margin.

By the way, Citibank's Card operations are largely Jewish run and controlled by Jew Credit Crack Whores like Kahr above. This is pointed out explicitly for people wanting to deflect attention away from the Jew Usurers and point it at the Saudis. American Express is purely a JEW RUN EVIL COMPANY with links to the Mossad which tracks purchases by Govt. Figures worldwide.


Jew Usury Schemers and their Puppet Goy Lawyers
by Crack_Smoke_Republican on 26.01.2008 [18:54 ]    
A key player in this evolution was Andrew S. Kahr, a child prodigy who earned his Ph.D. in mathematics from MIT by age 20. Now a financial industry consultant, Kahr pioneered several ground-breaking consumer banking products and founded a small credit card company in 1984 that would eventually become Providian, one of today's top 10 issuers.

Before many others in the industry, Kahr discovered that it was possible to analyze vast troves of consumer financial data and reliably predict which customers were least likely to pay off their credit card balances each month.

"It didn't require a lot of investigation to see that the people who paid in full every month were not profitable, Mr. Kahr said in a rare interview with FRONTLINE. Armed with exotic formulas and scoring systems, Mr. Kahr and his colleagues mined the data in relentless pursuit of the most lucrative "revolvers — consumers who routinely carried high balances, but were unlikely to default.

"I don't believe in customer irrationality," Mr. Kahr said. "I don't find psychographics useful. I follow financial behavior."

Prospecting for profitable cardholders became an industry-wide preoccupation as growth slowed after 1990. Soon enough, the major credit card companies were using credit scores and other financial data to develop ever more sophisticated pricing and credit strategies. Instead of extending a generic credit line or charging a uniform rate, they set rates and limits based on computer-driven assessments of each consumer's risk of default. The higher the risk, the higher the rate.

"There was an opportunity to be more selective, both from the standpoint of credit quality and the standpoint of profitability and therefore to be able to offer attractive terms to the customers who we wanted," Mr. Kahr said.

One of the most attractive terms to customers and banks alike, according to Mr. Kahr, are higher credit lines. So in another innovation, Mr. Kahr saw that credit lines could be increased by slashing the required minimum payment. This increased revenue in two ways. First, since it would take longer to pay off balances, each dollar of principal would generate more interest income. Second, the principal itself would be increased because cardholders would be able to take on more debt while maintaining the same monthly payments.

With minimum payments cut from five percent to two percent, for example, a credit card company could increase a credit line to $5,000 from $2,000 and yet charge the same $100 minimum payment.

Today, two percent is the standard minimum payment, a practice that critics say obscures the true cost of debt and keeps consumers dangerously leveraged. Average household credit card debt, they point out, has nearly tripled since 1990 — from about $2500 to $7500. Mr. Kahr, though, argued that "it is very consumer friendly" to allow people breathing room if they have a difficult month. "That's very important,'' he said, "because when people get behind on their payments, unfortunately, it becomes harder and harder to catch up."

Again and again in the face of crisis, the credit card industry has managed to outflank critics, sidestep legal hurdles and find new sources of revenue. Profits continue to break records, even in a market that has been deemed "mature" for over a decade. Now, some industry analysts believe, the industry's fabulous growth may be approaching a point of diminishing returns.

In recent years, however, the credit card industry has found — and aggressively exploited — yet another rich vein of profits: penalty fees.As with interest rates, an obscure ruling by the U.S. Supreme Court, this one in 1996, cleared the way for higher fees.

www. pbs.org/wgbh/pages/frontline/shows/credit/more/rise.html


Mr. Bernanke lied
by Crack_Smoke_Republican on 26.01.2008 [19:31 ]    
Mr. Bernanke lied when he assessed the damage of subprime at $200 billion in November 2007. As illustrated in the following official chart published by the Federal Reserve, Asset Backed Securities (yellow line) have lost 40% of their value to $750 billion from over $1.2 trillion. While the 40% officially claimed loss is not as bad as the 30% - 80% loss (depending on grade) estimated by Markit.com, the estimate nonetheless is stunning and shocking.

3. Last year we speculated that credit card backed asset securities would be the next victim. The following chart of Capital One, America's top credit card issuer, confirms our belief. The company announced mounting payment delinquencies and failed to deliver target earnings. We anticipate much further room to fall for COF, and most credit card issuers to come under pressure. Credit card debts/backed securities are a multi trillion dollar market. The fall out from this market will make headlines no less spectacular than ones created by subprime.
www. gold-eagle.com/editorials_08/lee012408.html


why you stupid skankees
by usama on 26.01.2008 [20:07 ]    
read the stupid story. the guy was up to his neck in debt when he took trips and ate at restaurants for $100. instead of cutting back on his expenses, he continued living as if he owned a couple of oil wells. typical idiotic american behaviour. and now the jews are at fault that he did that? remember this, when the usa goes bankrupt, it's not the jews to blame, it's you with your idiotic spending!



Get out of your Cave Usama and look around...
by Crack_Smoke_Republican on 26.01.2008 [22:26 ]    
"remember this, when the usa goes bankrupt, it's not the jews to blame, it's you with your idiotic spending! "
I think it is the JEWS to blame and they will be - the plastic DEBT Instruments are a JEWISH SCAM here in the USA. Call it Usury by any other name on the same terms as the old JEWISH Mob LOANSHARKing. This Canuck was an idiot for overspending with his Credit Cards, that's true, but he is simply a small drop in the Debt barrel created by JEWS. In fact the whole culture of OVERSPENDING AND DEBT IN THE USA is an outgrowth of the JEWS - from JEWISH Advertising to JEWISH WALLSTREET - GREENSPAN THE CLASSIC USURY JEW HIMSELF told people to use Adjustable Rate Mortgages in order to spend it on Imported Junk. JUNK BOND KINGS and LEVERAGE was largely a JEWISH SCAM and still is. I'll blame the JEWS as long as the JEW WALLSTREET and the JEW FED Scam machines still function as RIP OFF MACHINES. When the USA goes BANKRUPT the JEWS will get the blame because 9/11 was a JEW OPERATION THAT LEAD TO THIS WAR IN IRAQ and ALLOWED the JEWS TO RIP OFF TRILLIONS FROM THE USA ECONOMY AND SQUIRREL THAT MONEY IN OVERSEAS HEDGEFUNDS and even Israel. THE DEBT FROM THE IRAQ WAR IS JEWISH 100 PERCENT - it will be paid by JEWS and their WAR PUPPETS IN WASHINGTON and not the conned American GOYIM. Everyday the FED pulls a fake number from their ass and calls it a "dollar" which is actually a debt that must be paid.

In the USA we won't use Zyklon-B for payback, we'll use melting CREDIT CARDS when the time comes to clean up the JEW MESS.


the poor guy in
by verve on 27.01.2008 [15:34 ]    
above artical is atypical of a credit moron. Needs a gas guzzlin truck to move his boat for vacations along the..........cry me a fucking river. Three kids, a wife, two (not one) vehicles, one income, and no fucking toys. We never went on a vacation until the youngest was seven and then it was only for three days.

The shmuck should play the game....over extended.....declare bankruptsy....get it over with.......and yes, I've been down that road, and made it back. Yes, I carry debt, (balanced by assets) but only debt that works for me, not the "Jones's" debt, with their suvs, snomos, jetskis, two tropical vacations a year, designer clothes, bigscreen tvs (my eyes ain't that big) and every electrical gadget under the sun along with the current planetary scurge, cell phones and micro towers.......this is how people get into the debt enslavement trap..........but it's their own decission. The are no jews holding a credit card to my head........"vee have way to make you spend."


Verve...
by Crack_Smoke_Republican on 27.01.2008 [18:18 ]    
Remember that people like yourself are not target of credit marketers.

It is the people who will carry a negative balance month after month. While this Canuck is obviously stupid with his spending, he is the target of the Jews like Andrew S. Kahrs - they want him to pay the fees. Once they see he is the type of spender that doesn't pay up each month, they will pile on the offers and credit lines until he either goes bankrupt or settles up with a huge payoff. In other countries, this is illegal because they see Jew scams as Jew scams.

Step back from your personal debt wagon and see that the Highway to Hell leads with Jewish Libor Signs pointing South. Personally I see these cases as sad but not my problem, what is my problem is looking at the Total JEWISH CREDIT CARD DEBT, CORPORATE DEBT and JEW INDUCED BAILOUTs and then seeing the JEWS smiling on CSPAN as their WALL STREET SCAMS IMPACT my well being. A Hurricane of JEW INDUCED DEBT is heading to the Shores of the USA and WALLSTREET/BUSH/JEWS have blown the Levees. JEW CREDIT CARD debt is just one block of C-4 in the total pile of Financial Lies they have stockpiled.


Now way
by _merk_ on 28.01.2008 [01:09 ]    
can personal financial irresponsibility be blamed on Jews. The guy in the example above runs a furniture sales division at work. He knows numbers ... although those numbers belong to the company he works for, not him. So how can this idiot not translate his at-work financial know-how to his personal finances? Because a Jew under his bed makes subliminal advertisements for "consumer goodies" to him while he sleeps and scrambles his brain?
I will say one thing .. there was deliberate malicious intent in luring people into debt when they eased credit in creating the housing bubble. Used to be for years and years that an American who wanted to buy a house was told by the bank how much he could afford. It was something along the line of 3x your net income=the mortgage amount the bank would be willing to give. The consumer WAS protected by that rule. Then they suddenly allowed whatever the borrower wanted or the bank's property appraiser had put on the property and people then thought, well, if the bank says that amount is affordable for me, then I can afford it. It was still dumb, but I can see how people who're mostly clueless about finances would have been suckered in. But all this buying of luxury goods, things they didn't need (no matter how many ads told them these are must-have goods) that is every person's own doing. Not the jooo's.




Call me Anti-Semitic...
by Crack_Smoke_Republican on 28.01.2008 [02:02 ]    
I still blame it on the Jews and the idiots they sucker in with their credit schemes.

I just hope my future tax money is not bailing out a JEW credit card bank. If people were responsible to begin with the Credit Card companies would be out of business anyway.