Chase Bank in Woodland Hills. A Peaceful Protest is planned for 6633 Topanga Canyon Blvd in the West San Fernando Valley (Los Angeles County).

I may be the only one out there, but I will be peacefully protesting at 6633 Topanga Canyon Blvd in Woodland Hills, CA. because Chase is raising their monthly minimum from 2% to 5% on EXISTING, low interest credit card debt of their most loyal and on time paying customers! My plan is to picket one hour a day until Chase REVERSES their policy.

If I am the only one out there, Chase won't care. Chase will only care if others join in. Please bookmark Daily-Protest.com as other protest blogs come online with additional locations to protest at. This is entirely a grass roots effort, NO MONEY is involved in this protest.

The biggest threat to millions of americans may just be the change in terms to ALREADY EXISTING CREDIT CARD DEBT! Chase Bank has basically decided that they can rework any credit card agreement that they previously offered to their customers at any time, and do it to the severe detriment and hardship of their customrs. Rather than give an incentive in exchange for changing credit card terms, Chase is actually punishing its customers with their change in term proposals.

But the problem is not just Chase. If Chase gets away with chasing down their past credit card offers and changing them in a manner that will cause tens of thousands of americans to default so Chase can close out less profitable accounts, other credit card companies will be pressured to do the same thing.

CitiBank is allegedly about to do the same thing as Chase.
If Chase succeeds, other Credit Card Companies WILL FOLLOW.

So just what did Chase do? First, Chase offered low interest balance transfers to blue collar, honest, always pay on time customers. Chase and other credit card companies enticed their customers to pay off higher interest debt by offering them low interest balance transfer loans FOR THE LIFE OF THE LOAN. Yes, these magical, 3.99 and 5.99 percent loans were to help the consumer pay off higher interest debt specifically because of a consumers excellent credit history.

Presently, all the attention seems to be on those with negative equity and those behind on their mortgages. I have no problem helping those that badly off to try and get by, but to do it on the backs of the middle class that have been diligently paying down these low interest credit card offers is just outrageous, especially when the middle class cannot afford these changes.

DAILY-PROTEST.com is a network of protest blogs that will be peacefully protesting directly in front of Chase Banks across the nation. There is no money or support being offered. That can surely be found right in your community among those that are about to lose their credit ratings due to the credit card companies mishandling of this situation.

Vermont Congressperson Bernie Sanders Agrees with Wall Street Change about Credit Card Interest Rate Charges...

Congressperson Bernie Sanders said the following while appearing on the Rachel Maddow show (Feb 03, 2009)

Please note, quote is taken from Senator Bernie Sanders Questions Card Card Interest Rates. Please link to the quote in this article, or DailyPUMA link provided above, transcriptions take a lot of time to do and nobody is paying for it to be done.

Well Rachel, this is the problem with this issue, is, it is so big, that nobody can get their hands on it. It is not just 700 billion dollars, as you know the fed has lent out 2.5 trillion dollars. The president is probably going to ask for more top money.

The fed, we think, is going to lend out trillions more. So what we need to do, among many other things, is we need to figure out a way that we do more than get back to where we were a couple of years ago, by making the institutions stable.

If the taxpayers of this country are putting such a huge amount of money into financial institutions, we need financial institutions that are gonna be beholden to the needs of ordinary americans and not go back to where we were... (as in a couple years ago.)

For example, Just one example. Right now, we're bailing out banks which are charging american taxpayers 25 or 30 percent interest rates on their credit cards. Does that make sense to anybody?

We're giving banks money and they're not telling us how their spending it. We're trying to loosen up credit in america, they're not doing it.

Sanders went on to talk about actually prosecuting the richest people on the planet who may have performed misdeeds that have led to the current situation, and wondered if the justice department was up to the task prosecuting those who are culpable.

So when does the consumer get their interest free Credit Card Debt Paydown Program?

Legitimate Bills versus Outrageous Credit Card Interest Rate Charges that are Wrecking the Economy and Causing Unnecessary Despair.

Since Wall Street called a timeout last September, and with the Super Bowl right around the corner, I was wondering who will call a real time out for the american consumer? A real time out involves the suspension of interest charges on all unsecured debt, also known as Credit Card Debt.

I see Barack Obama madly spinning his wheels to try and inflate the american economy with a bicycle pump, and I find it embarrassing. Meanwhile, the made in China toy you purchased a couple of years ago is still on your credit card racking up obscene interest charges.

The toy that should have been made in the United States by an american, but instead was made in China, has now cost you MORE because of ongoing interest charges than if the toy had been made in the United States and you purchased it with cash! The net result is you bought a "cheaper" toy for more money than if it had been made in the United States, and no american labor was involved in the making the toy you bought, so that is one less wage earner in the United States to buy the products that your company makes. What doesn't go around, doesn't come around.

Being a great leader involves recognizing when your own actions are trivial compared to the will and power of the people. All Barack Obama has to do is waive the interest charges on all credit card debt for anyone trying to pay down their debts. Tie it in to a consumer debt reduction plan so that people don't just mindlessly run up even more debt, but actually get rewarded for paying down their debt, and you will see the economy come back to life all by itself.

Barack Obama talks about having spoken to people all over the country while running for president, yet you still think the men in suits have all the answers. The same people that gave themselves 18 billion dollars in bonuses from the bailout money you already handed them may not be the best source for solving the problem they helped create.

Hyundai tries to do the right thing, but it sure sounds weird.

Hyundai says bring your new car back if you lose your job within the first year.

Hyundai is running a television ad that if you lose your job, your license, have health issues or lose your source of income within the first year of buying your Hyundai car, you can return your new car purchase, without harming your credit history. Hyundai will cover you up to $7,500 dollars worth of negative equity, anything more than that and you have to pay the difference. Also, you have to have made at least two car payments.

This is all well and good, but what does it mean if Hyundai does not make this special offer? Does it really mean that a consumer should be labeled a "bad risk" because they lost their job and could not pay for the car? Should a consumer be labeled a "bad risk" if they have an ailing parent (as mentioned in the link above) that might cause a financial strain to take care of and cause the consumer to have to return a car?

Is being "forgiven" by the very businesses who in one way or another threw them under the bus over the past couple of decades by force feeding them things that in the long run were not viable the only way the american consumer can get a "break"?

How about an interest free debt paydown program so people can restart their economic lives over and not be indentured to the very entities willing to "forgive us" because we can't afford new debt.

Do the New Math, Less income, less spending, equals a bigger and bigger slice goes toward Interest Payments.

If person A has 1,000 dollars in bills, and 900 dollars in earnings, they must borrow a 100 dollars to break even, and on that 100 dollars they must pay interest. If Person A's income drops to 500 dollars, and they manage to drop their spending to 600 dollars, the net effect is they still must borrow a hundred dollars, but now the percentage of money they are borrowing versus the total amount they are making has DOUBLED.

The government and the banks probably realize that the fastest and most responsible way out of the projected worldwide economic downturn is to stop charging interest to anyone who is responsibly paying down their debts, otherwise, as income and expenses both decrease, the percentage each person is paying towards interest will continue to increase, and continue to strangle the masses.

So the bailout basically took all the money that the consumer lost in home equity, and gave it back to the banks, who in turn will charge interest on it before "sharing" it with the people who it was taken from.

Steel and Transportation Equals New Age Energy Inefficiency, Lightweight Super Strength Solar Cell Plastics might be the Better Choice.

I read that UCLA is involved in lightweight plastic solar energy panel research that is supposed to be easier to make then current solar energy panels. UCLA Plastic Solar Energy Research. The implications of a plastic solar cell composite are dramatic. A Low cost, lightweight yet strong material for absorbing solar energy might mean a huge reduction in the overall weight of all transportation devices.

The lower the overall weight of our transportation system, the more effective alternative energy resources become. But even more importantly, if the plastic material can be lightweight, an energy absorber, and strong, the applications become monumental. Walls, either around a property or on the side of a building, could be made out of material that actually absorbs the suns rays and converts it to another form of energy that we can use to power lightweight vehicles and buildings.

If cars and trucks can be made out strong as steel plastics that are lighter weight and also act as solar energy panels, the world energy requirements would not only shrink, but suddenly everybody would be helping to create energy. Steel in no longer the answer when it comes to our trains, trucks, buses and automobiles, it is now the number one problem.

Steel of course, is still needed, lets just not waste a lot of energy moving steel around when it is more useful to use steel for reinforcement in buildings and bridges. Buildings and bridges are heavy, and once built do not move, ergo steel makes sense. Trains, trucks, buses and automobiles move people around, ergo lightweight, strong plastic that also absorbs and converts energy makes more sense.

Unfortunately, if the planet goes with lightweight plastics to move people, steel cars would have to disappear very quickly since the two probably cannot share the road at the same time when it comes to collisions.

Reverse Money Flow from the Consumer to the Banks is the way to solve the economic crisis.

If the Banks valued the reverse flow of money from the consumer back to the bank in the form of interest free debt paydowns, the economy would even out a lot sooner. Instead, the banks and the federal reserve only seem to acknowledge the outflow of credit that is putting the consumer farther and farther behind because of the interest rate charges that eat into what a consumer can actually spend.

Credit Card Interest free debt paydowns are needed to help consumers.

it's so obvious that what helps the consumer survive actually helps the economy survive. Interest free debt paydowns have yet to be mentioned as a consumer cure all, I've been warning about this economy for the last two years.

A Christmas Song sung to the tune of Silver and Gold, Taxes and Debt, Taxes and Debt...

As time has gone on, the consumer has been beseeched with more and more taxation, and more and more consumer debt. I'm reminded of Burl Ives singing Silver and Gold, only instead of silver and gold, the line is taxes and debt.

Industrial modernization should have meant that taxation rates and consumer debt BOTH were reduced. Instead, the rich elite have used taxation and debt to accelerate economic "growth" that unfortunately has been built on a deck of cards.

Basically, we are screwed.

Now lets sing!

Taxes,
Taxes and Debt
Taxes and Debt
Taxes and Debt
The Government Fishes
For more Taxes and Debt
Have you measured
your credit worthiness?
Every newborn treasure
every newborn birth,
Taxes and Debt
Taxes and Debt
Means so much more
When we see people struggle
Taxes,
and consumer debt
under every Christmas Tree
Taxes, Taxes and Debt
Taxes, Taxes and Debt
Taxes and Debt

Taxes and Debt
Taxes and Debt
Miserly men print more cash
for the tired and old
and Mary was humbled to her knees
as the banks declared null and void
their own customers Home Equity...
It's Taxes and Debt
Taxes and Debt
suffocating the world
with their credit that binds
Taxes and Debt
how they make the customer shiver
On every Christmas night
On every Christmas night


Here is the original version,

Silver
Silver and gold
Silver and gold
Silver and gold
Ev'ryone wishes
For silver and gold
How do you measure
It's worth?
Just by the pleasure it
Gives here on Earth
Silver and gold
Silver and gold
Mean so much more
When I see
Silver
And gold decorations
On ev'ry Christmas tree
Silver, silver and gold
Silver, silver and gold
Silver and gold

Silver and gold
Silver and gold
Wise men brought gifts
To the manger I'm told
Mary was humble to see
Shepherds and kings
There on bended knees
It's silver and gold
Silver and gold
Feeling the world
With their lives
Silver and gold
How they shimmer
On ev'ry Christmas night
On ev'ry Christmas night

Silver
Silver and gold

Too much of the U.S. Economy is Tied into Cars.

When the teelevision Media decided to get in bed with the automobile industry, they ignored small business owners in other industries. When a national television show cuts to a commercial, the commercials are not localized enough. The result is primarily national brand merchandisers, and automobiles, can afford to advertise, but the smaller businesses that just want to advertise in a small radius around where their business is located, cannot.

Cable Television was supposed to help the small business owner get their chance to advertise. Yet even there, it is the local car dealership that advertises and dominates the commercial time slots! With no real back up plan in place, as less cars get sold, it seems like other smaller advertisers are not able to fill the void because they have been marginalized over the year by the same media that could now use their advertising dollars.

Would the Entire Worlds Economy be in Better Shape if all those Balloon Payments hadn't Ballooned?

Wouldn't everybody have been better off if all of those balloon payment loans had simply stayed "as is" for several more years? Over a year ago, when the stock market was still shooting upwards, I suggested a similar concept regarding credit-card-debt on my Credit-Card-Cap.com website.

Banks chose to foreclose and destroy homeowners who could actually afford a lower than desired monthly payment. Compared to getting zero dollars for that investment, was this really a wise course of action?

I believe a big elitist virus has been exposed. Loans MUST ENSLAVE the borrower for a long period of time. If the Loan does not enslave the borrower, the borrower did not borrow enough, or is paying too low of an interest rate.

One way to heal the economy is to offer interest free paydowns on ALL CREDIT CARD DEBT, but that is not acceptable to the banking elitists who can't stand the idea of unburdening the minions below them of their debt.

At some point in time, the flow of money from consumers who are PAYING DOWN THEIR DEBTS to the banks, is a good thing. Unfortunately, financial elitists don't want you to enjoy the freedom of being debt free and have instead chosen devaluation as a sordid solution to the world's economic situation.

One tip to remember regarding credit-card debt, if you cannot afford to pay down FOUR TIMES the MONTHLY MINIMUM DUE, you may never get out of credit card debt.

What is Missing from the Bailout Proposals, and how MSNBC once again put their own agenda ahead of country.

Bailout Matching Funds. Has anybody in the media even mentioned the possibility of bailout matching funds?

Anyone needing a bailout from the government should have been required to submit cost saving measures that would be immediately implemented. The idea that big business put their hands out and asked for money without submitting any type of documentation that they too were getting leaner and meaner is something that the mainstream media, led by MSNBC, missed.

Instead of questioning the rapidness with which the bailout bill was moving forward, MSNBC chose to scapegoat John McCain and his desire to postpone the first debate and get back to Washington to discuss the bailout bill. MSNBC actually broadcast all day long with a position that the 700 billion dollar bailout bill MUST PASS!

Two months later and the big three automobile manufacturers want a 25 billion dollar loan, but can the big three offer some type of payroll and overhead costs reductions? The big three want a 25 billion dollar loan, can they put up 2.5 billion in cost cutting measures as collateral?

The term is Bailout Matching Funds, the matching funds don't have to match one to one, but at least put forth an effort. Once again, MSNBC compromised their role as a news reporting channel and instead steered the original bailout bill discussions into their own agenda of passage of the bailout bill without real discussion, while also attacking John McCain for wanting to focus on such an important measure by postponing the first debate.

And these MSNBC clowns want to run our country for the next four years?

How come Stock Market Shares fall in Value during a Recession when a Company Breaks Even?

Does this make any sense? Why does a share of stock fall in value when a company breaks even during a recession? It seems to me that breaking even in dire economic times would actually be a good thing, no?

Lets factor in that many stocks no longer give dividends out. If you own a stock that gives no dividends out, and that company breaks even during tough economic times, why should the stock go down in value?

Yes, breaking even is the new profit, and that sure makes more sense than devaluing a stock when the parent company can break even in a recession.

How many of you would have been happy if the stock market would just stay stabilized in the past 2 months? If a company isn't losing any money nor making any money during a depression, why should your stock value go down if the company is not even paying you a dividend?

When a company breaks even, that means they paid all of their obligations, paid its employees, overhead, and taxed, but didn't have enough to create additional wealth for his investors. If the company didn't lose money, why is Wall Street devaluing my stock shares?

A simple question from a simple mind. Can you answer it? The company didn't make any profits during a recession, so that must mean the stock is now worth 20% less??? Huh? Why?

It is likely that a company that can break even during dire economic times probably will do ok if and when the economy picks up.

Me thinks some people on top are kind of stupid, either by design or ineptitude. Who gets removes them from their position, and when?

Is Quality the Answer when it comes to fixing the global economy?

It seems like economic growth is fueled by the belief in something good. Once the good is created, waves of false excitement that lead to false growth get created as cheaper product imitations are made that leave the consumer with the initial belief that they are getting something valuable, for a lot cheaper.

Once the consumer realizes the new cheaper thing is not as good as what it replaced, nor as useful, consumer enthusiam disappears, the value plummets, and the economy crashes.

The initial desire to save the economy is to then try and just get things going again. But if we create things just to get things going again, and the creation isn't based on quality and longevity, there will be nothing to get excited about, hence no real growth, and the economy will just stagnate.

No matter how many times we are led to believe that quality is not the issue, there comes a moment in the economic spin cycle where quality and longevity does matter.

Just recently I read an article about how Detroit had already started retooling some engine plants to make more fuel efficient engines, and now that the price of gasoline was crashing, there was some regret being expressed that maybe Detroit had over reacted to the spike in fuel prices and retooled too quickly.

It will be interesting to see if quality and longevity can make a comeback. Right now it seems the speculators only know how to make a fast buck, which means quality won't make a comeback just yet, and neither will the economy.

There may be only one way to fix the global economy.

There may be only one way to fix the global economy, and it revolves around the governments of the world changing how they operate. Governments can no longer be energy drainers and huge tax assessors, it no longer works. The world's global economy will only heal when governments from all over the world actually begin to create wealth rather than drain it.

Global economy overlap, in which emerging industrialized nations now compete with existing ones, can only be reversed if each and every government creates it's own wealth and reduces taxes on it's citizens, and the banking institutions quit charging long term interest on short term purchases.

What kind of wealth can governments generate? Energy wealth appears to be the number one commodity. If the United States government could supply energy to it's citizens at very competitive prices, it would become it's own wealth generator and in the process would not need to tax so heavily.

If the United States government generated it's own energy, we would not need to have so many troops spread throughout the world. I don't recommend our government directly compete with energy companies, however there are certain kinds of energy the government should be able to handle, energy such as hydroelectric energy.

In the information age we could lead by example, not by military presence. It really is all about energy now.