Share on Google Plus Share on Twitter 1 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 4 (5 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   5 comments

Exclusive to OpEdNews:
OpEdNews Op Eds

'Use Cash Movement' to Ignite a Monetary Revolt

By   Follow Me on Twitter     Message Chaz Valenza     Permalink
      (Page 1 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; ; (more...) , Add Tags  (less...) Add to My Group(s)

Must Read 1   Valuable 1  
View Ratings | Rate It

opednews.com Headlined to H4 11/30/09

Author 23809
Become a Fan
  (34 fans)
- Advertisement -

You're about to start a banking revolution. Yes, you! Not Chase, not Wells Fargo, not Citibank, not even Bank of America or the Fed can or will do what you're going to do.

The government? What a laugh. Big Banking already bought and paid for them.

You are about to use the power of the marketplace to change banking in America, for the better, for you.

They got the big bail-out. They got the fix in on the Ponzi scheme that was collateralized debt obligations (CDOs) and credit default swaps (CDSs) to the tune of a cool trillion dollars. Now you are going to take that money back. Legally. A little at a time.

The banks are currently so greedy they are increasing the interest rates on existing credit card debt and snaring customers into usury fee and penalty traps as a quick way to hefty profits. They're allowed to do this, it's perfectly legal. The reason it's legal is you and I use their services.


It's just a subsitute for cash

The one service we tend to use the most, usually without a thought as to the consequences, the one Big Banking makes billions of dollars on, is also the one you can do without: credit and debit cards. How did we forget that plastic is just a substitute for good 'ol cash. (Oh, maybe the billions of dollars Big Banking spends to convince us plastic is better than cash? Is it? Where do they get all that money for all that expensive advertising?)

Think about it, with a little effort, using cash instead of cards is an easy, cost free way to save money and hurt the banks.

- Advertisement -

You may not be able to pay off all your credit cards today, but you can stop using them, if not completely, less. And, every time you don't use their cash substitute cards is a victory. Each is a small but significant act of subversion the will help end Big Banking tyranny.

Feel good about handling cash again. It's going to be the next big thing.


It's all about the Benjamins

Big Banking needs billions of transactions on plastic to be profitable. Those profits allow them to buy the lobbyist that buy the government that buys the laws, rules and regulations that have let them steal all that money from us. How about we put an end to that?

- Advertisement -

Here's their current take:

You use plastic for a $100 purchase: $3.50 from the merchant

You use plastic to buy a $3.50 latte and overdraw your account: $35 fee

You use plastic to buy a $35 gift and go over your credit limit: $50 fee

Next Page  1  |  2

 

Must Read 1   Valuable 1  
View Ratings | Rate It

Chaz Valenza is writer and small business owner in New Jersey. He earned his MBA from New York University's Stern School of Business. His current feature film project is "Single Point Failure" an insider's account of how the Reagan Administration (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

America's 14 Most Ready to Riot Cities

It's Official: Gov Stats Shows the Middle Class is Dead

Top Ten Twitter "so I pepper sprayed him" Jokes

Occupy Wall Street: Day 9 - 200+ Arrested - MSM Finally Wake-up

Three Rules for Living through the Second Depression

Occupy Wall Street Day 8: 100+ Arrested for Peaceful, Legal Protest; Nets & Pepper Spray Used.