No, really, this is how: Right now, there is a growing movement to Use Cash instead of credit and debit cards whenever possible. Once it gets going it will terrify the Banksters.
How much money can we deny the banking/finance corporations? A lot.
Let's say a typical Use Cash protester can switch just $35 of spending from plastic to cash a week " buying gas for the car, and a couple other small purchases. That will deprive Big Banking their average merchant vigor of 3.5%: $1.
But $35 of lost credit or debit card "spend also denies Big Banking enormous additional potential revenue. And, that's where they make a killing on cardholders. Penalties and fees forgoing over limit or usingover draft "privileges" that can range from $30 to $50, not to mention double cycle interest accumulations on prior balances.
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