Army views "Payday Loan" debt as a retention tool

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"Payday Loan" operators have opened mobile offices to avoid new Marine Corps regulations

San Clemente, CA - Marine Corps West Command announced steps today to strongly discourage "Payday lenders" from preying on Marines with interest rates as high as three hundred percent.

"Heavy Debt loads effect a Marines ability to deploy to our combat areas. We will not go the route that the other services have chosen as far as offering bonuses for reenlistment that would cover payday debts" said Lt. Col. Dan Daily.

The other Services have adopted a policy of encouraging the off base "Payday Loans" in order to get service men and women in debt quickly, then offering reenlistment bonuses sufficient to cover the majority of the debt.

An Army spokesperson stated off the record that "the Army views "Payday Loan" debt as a retention tool and will use it to maintain force readiness."

Fort Huachuca off base Cash Shop owner Hymie Lender said "We're giving these soldiers a chance to enjoy some bling before they deploy. Some of these guys won't be alive in a month. What's the sin in making a profit? Is this not America?"


------------SATIRE------------

 

Submitted by Claymoremind on Mon, 2007-10-01 18:39

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for dying in foreign battlefields drowned in debt to bloodsucking vampires. Man people are dumb nobody should join army its better if they go straight to private sector like "Blackwaters mercenaries" because they are much more payed and have immunity from every law and job is more or less same kill as much Iraqis as humanly possible.

"Let there be Light!"

Traveller | Mon, 2007-10-01 19:01
Claymoremind | Mon, 2007-10-01 19:33

This is a microcosm of what's happening to the entire western world. The bankers impoverish us and enslave us through debt.

Thus, we will increasingly have no choice but to join the military (or work stateside in military support) and fight for israel.

It's an age-old trick.

Solution?

DUMP THE FEDERAL RESERVE !

Abdul-Alhazred | Tue, 2007-10-02 06:06

This is a clever plan. The military can't get people to enist and go die for israel. Thus they encourage these "payday loan" outfits give loans to young people at horrendous rates of interest. The loans encourage young people to buy stereos and cars and other things. Then the military offers to get rid of some of that debt if the kids join the military, and go die for israel.

Money for these loans is unlimited, since it all originates in the Federal Reserve. Money for the military is also unlimited, since the military uses tax dollars to pay off these loans. Thus the entire U.S. population is saddled with these debts. Americans pay for the "privilege" of having their children die for israel.

How can you argue with a teenager who sees a chance to get that hot new iPod, or the fancy car? The kids want the toy NOW, and they'll worry about paying for it later.

Meanwhile, young girls do what they can to encourage this nightmarrish scheme, since young girls (actually all American women in general) only give attention to boys that have the toys.

Clever, aye?

Abdul-Alhazred | Tue, 2007-10-02 06:18

...the same plan that bankers use for the ENTIRE WORLD?

The bankers have unlimited money. They can print as much as they like. (Yes, I know that U.S. currency is generated by the the Bureau of Printing and Engraving, but that comes under the Fed).

When people get in debt, they must give everything to the bankers in order to survive. This plan has not changed for centuries.

America's youth must give their blood to the bankers. The bankers give them money (which costs the bankers nothing), and the recipients are forced to go kill and die for israel.

Meanwhile the rest of us are saddled with the kids' debts.

It's the ultimate scam! :)

Abdul-Alhazred | Tue, 2007-10-02 06:26

Claymoremind gives no links to his post, which means his post could be satire.

It doesn't matter. This sort of thing is really happening.

Here's one article among many on the Internet that confirms it...

http://www.responsiblelending.org/issues/payday/briefs/page.jsp?itemID=2...

Abdul-Alhazred | Tue, 2007-10-02 06:52

it may be satire, but it happens everyday.

Fotr Americans in debt, Iraq offers drastic solution

---------------------------------------
"Money" has no value - people do.

qrswave | Tue, 2007-10-02 10:04
Claymoremind | Sun, 2008-04-06 07:33