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
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.
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?
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