Another one of my Business Practice suggestions to our government, that I’ll reveal now, would be to abolish the entire Credit Rating System yesterday. Why? The reason is the entire system was irresponsibly, immorally, unethically, and illegally created to begin with in order to deliberately drive the majority of Americans and their businesses into a sub-prime credit rating status. Accomplishing this has enabled the creditors and lenders of the world to charge consumers and businesses much higher interest rates than consumers and businesses with prime credit ratings.

Implementing and orchestrating this financial fiasco, has absolutely resulted in creditors and lenders being legally permitted, which in itself I find unbelievable, to reap excessive, totally unfair, and obscene profits. This fiasco has and will continue to result in millions of Americans and their businesses: 1) being in debt for potentially the rest of their lives, and 2) unable to increase their existing purchasing power, which  if possible, could significantly help to stimulate the U. S. real estate market and overall economy in a positive direction. Are you sensing that I might have a slight problem with the current Credit Rating System, the creditors and lenders who created it and our government who has permitted it? 

The truth of the matter is, the U. S. creditors and lenders of the world, our government as well as all Americans and their businesses are now paying a very severe financial and psychological price for allowing the Credit Rating System Vessel to be built and permitted to sail in the first place. The reason is because this vessel has significantly contributed to the development and continuation of the many, very serious, and monumental Financial Problems that the U. S. real estate market and overall economy are now facing. Remember these Financial Problems, many of which I’ll be listing in Section #2 of this book, collectively represent the current Financial Crisis that the United States is now facing. This vessel, which was designed to take creditors and lenders to the Financial Promised Land where zillions of dollars in profits supposedly awaited them, has now hit an enormous Iceberg. This iceberg, which by the way is the 3 Words that I have been referring to, is not only going to prevent the vessel from reaching the Financial Promised Land but it’s also going to sink it as well. Simply stated the very vessel U. S. creditors and lenders created to make themselves zillions of dollars is now the same vessel that will lose them zillions of dollars. The reason is the Credit Rating System is not only causing massive payment delinquencies in all consumer debt level categories to continue to increase but it’s also preventing the majority of Americans and their businesses from being able to borrow and spend money again. In order to get the U. S. real estate market and overall economy back on positive tracks it is absolutely critical for the majority of Americans and their businesses to be able to borrow and send money again.

One Of Life’s Lessons
 
Here is one of Life’s Lessons I would like to share with you. Not only can U. S. creditors and lenders learn from it, but we can all learn from it as well.
 
Whenever Greed Is Put Into Any Formula It Will Self Destruct At Some Point In Time.

That point in time came for the U. S. creditors and lenders when the 3 Words, which I am going to introduce at the beginning of Section #2 of this book, were born in late2004 and early 2005.

The above blog post is an excerpt from one of my new books America’s Financial Crsis Solutions. I wrote this book in the Spring of 2008 for the millions of Americans and people throughout the world who have concerns and want honest answers about: 1) the real condition of the U. S. real estate market and overall economy, 2) the reasons why America’s financial crisis developed, and most importantly 3) the solutions that will end America’s financial crisis. This book, which is 1 of 5 that comprise my Financial Crisis Training System, can be purchased on philmitschuniversity.com or by visiting Amazon.com and searching Phil Mitsch.

Respectfully,
Phil Mitsch

Financial Crisis, Real Estate, And Mortgage Trainer
Cherry Hill, New Jersey
856-665-6569
mitschseminars@comcast.net