FICO Score of the USA

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FICO Score of the USA Empty FICO Score of the USA

Post  renodraws on Fri Jan 09, 2009 9:33 pm

If you don't know what a FICO score is, it is the score that the credit tracking companies like Equifax gives to individuals that banks then use to determine what interest rate they should charge to person. You have probally seen comercials on TV talking about a free credit report, the FICO score is what they are offering you. (Which we can get free ourselves>)The score is made out of several factors such as Debt History, Lenght of Credit History, Repayment History, Level of Debt, New Credit Inquires, and Types of Credit.

The site, www.creditloan.com , has calculated the FICO score for the United States. It is 645, which means that they would pay nearly 12% to buy a car with a loan. See Whole Report Here

The only reason that the US would have a good score is that we have never missed a payment to any creditors. That is for two reasons. One is that the payments are made when the creditor are cashes treasury securities and that the Government can print more money when it wants. Which is the hidden tax called inflation. We are alll good until the dollar is no longer accepted by our creditors. This does not seem likely because our currency is used around the world in goods trading, especially oil. This point gets complicated with Fiat money systems and other economic ideas and approaches multiple conspiracy theories that the reason that the US invaded Iraq is its decsion to trade oil in Euros.

The Bad part of the credit report is that the total US annual revenue is only a fourth of the total debt, so how could we ever pay it back?

renodraws

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Post  OG PooPiN on Sat Jan 10, 2009 11:16 am

we can't we're not supposed to.....how else do you keep the people enslaved?

OG PooPiN
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Post  czarinaanna on Wed Jan 21, 2009 9:45 pm

amen....set up to fail

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