- Peter Chapman
- Calgary, Alberta
This conversation is closed.
"Occupy Credit" - Instead of a disorganized street protest, can we all unite in mass as consumers to occupy the credit system itself?
Truly at the root of all of our global economic problems is a deeply flawed system of credit. Although I suspect the bond market is the origin of this system, it is impossible to make a change at such a foundational level without causing a major meltdown. I think it is fair to assume that we are not satisfied with the efforts made thus far by our governments to rectify the situation and I am hopeful that we, the consumer, can take a stand collectively and start the difficult process of real equalising credit reform. In the last 45 years, the virtually unfettered access to/creation of mass credit/leverage for consumers, banks, corporations and governments has created a dire situation that is likely only to further deepen the income gap and cause further global strife.
Can we improve the existing structure and allow the changes to penetrate over time to the foundation? Sounds like trickle-down economics to me?
My “Idea” is to start with a set of demands for credit reform that are created by-the-people that will immediately impact the mass consumer and stop the usurious policies in force with banks and enforced by our governments. These changes would have to be implemented over a negotiated timeline to avoid a shock to the system.
We set demands, we set a deadline for agreement and we stand together as an organized 99% that make an immediate and useful change for all.
Don’t want to meet our demands? Watch 2, then 20, then 200 million people decide not to pay their credit debt for one month. Still no agreement? How about we all wait 3 months to pay?
Trouble for the creditors is that they are too leveraged to tolerate this type of mass default, even if it is just for 30 days. It turns out that their system only exists because we all allow it to because of the every-man-for-himself culture we have adopted/been fed.
200 million people say “no more” and if they don’t agree, THEY go bankrupt.
Easy + effective with no permanent damage to credit rating