The banking industry is an all-encompassing, global system. I like to use the Barnum and Bailey circus metaphor: If you want popcorn when you go to the “big top” and it costs $15.00, you have no choice but to pay their price. That’s what banking has come to be – the only game in town. As such, those who own the gold make the rules about money. We’re all under the big-top!
“Any system which gives so much power and so much discretion to a few men, (so) that mistakes - excusable or not - can have such far reaching effects, is a bad system. It is a bad system to believers in freedom just because it gives a few men such power without any effective check by the body politic - this is the key political argument against an independent central bank... To paraphrase Clemenceau: money is much too serious a matter to be left to the Central Bankers.” Milton Friedman, American Nobel-Prize-winning economist, 1912-2006
A growing number of people worldwide are no longer fooled by this money monopoly and all the ways it works against them. When it come to credit and credit cards, the everyday family has been caught between a rock and a hard spot while the cost-of-living continues to rise and earnings (since the 70’s) continue to stay flat. For the banking industry, it’s been a perfect storm: They just so happen to provide the perfect product to fill the gap! The rest of the story is history. We all seem to know at least one family suffering under the burden of debt.
Despite coming new regulations designed to curb exploitive credit-card company practices, make no mistake, they are fast seeking to exploit legal loopholes to make up the difference. In fact, First Premier Bank may well be the leader of the pack. (See article link on menu.)
“Every effort has been made by the Federal Reserve Board (FED) to conceal its powers, but the truth is the FED has usurped the government. It controls everything here (in Congress) and it controls all our foreign relations. It makes and breaks governments at will.” Louis T. McFadden, Congressman, 1933
Bank-issued debit cards, though helpful to wean many off credit cards, also have a shadow side. If your debit card has overdraft protection, you could get nicked $35.00 each time you use it when there’s not enough money in the bank account attached to that card. They aim to get you into the debt cycle every chance every-which-way they possibly can.
Deprive them the opportunity.
In a monopolistic banking system one option still remains…..use cash! The Use Cash Movement blossoms today as a genuine online people’s movement. Writer and small business owner, Chaz Valenza is another “little individual” (as Buckminster Fuller coined) committed to making a big difference.
As the founder and advocate of the Use Cash Movement (See link to web site on menu.), Chaz Valenza has stepped up to help educate whoever has ears to hear the many benefits of the Use Cash message he hopes you will also help spread.
Below, I have combined some of my thoughts with his about the benefits. When we use cash we can:
Deprive the banks the opportunity to make money from charging us interest.
Deprive the banks from using our deposits.
Deprive the banks of service and overdraft charges.
Ask for 5% vendor discounts for paying with cash.
Send an effective message of dissent and dissatisfaction.
End the taboo about talking about our finances and network with others to gain new strategies.
Use it as an opportunity to get more educated about money and wealth.
Learn fiscal self-discipline.
Stop a fantasy-mindset about money.
Gain greater peace of mind.
Stop going into debt.
Pay as we go.
Learn to live within our means.
Even though using cash is far from a new or complete solution to the predatory and debt-based banking industry, Chaz has created a useful platform with his educational web site. Additional millions of “little individuals” can now send an effective message of dissent up the financial-food chain by simply changing their money habits!
When it comes to money matters letter writing just doesn’t cut it the way getting the bankers “where they live” certainly could.
Plus, just the personal benefits alone make using cash worth the effort of changing one’s habits. It helps people to leave behind something priceless; their entitlement mindset! The likes of Chase, Citi-Bank and Bank of America might have to reassess their marketing strategies if you quit taking their fantasy-life bait. Imagine: We no longer made purchases with money we do not have to impress people we do not really care about!
I believe the Use Cash Movement could easily take the truth-about-money conversation to a needed new level towards the total reform of the monetary system.
Use cash to send a message to those who own the gold, to take back the power of money in your own life and to develop healthy money-management strategies. Pssst…pass it on!
Check out this month’s links below.
• Modern Money Mechanics video contains foundational information about how money works. http://click.icptrack.com/icp/relay.php?r=6469914&msgid=170861&act=3GR6&c=156471&admin=0&destination=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DBYwF8arz_Vk
• New CC Tricks - 79% Interest http://click.icptrack.com/icp/relay.php?r=6469914&msgid=170861&act=3GR6&c=156471&admin=0&destination=http%3A%2F%2Fwww.msnbc.msn.com%2Fid%2F34468260%2F
• Learn all about the Use Cash Movement. http://click.icptrack.com/icp/relay.php?r=6469914&msgid=170861&act=3GR6&c=156471&admin=0&destination=http%3A%2F%2Fwww.usecashmovement.org
PBS - Nov. 09 - 55 minute show The Card Game http://click.icptrack.com/icp/relay.php?r=6469914&msgid=170861&act=3GR6&c=156471&admin=0&destination=http%3A%2F%2Fwww.pbs.org%2Fwgbh%2Fpages%2Ffrontline%2Fcreditcards%2F
y very best to you in 2010. All things considered, I wish you total wealth - personal and spiritual well-being first and foremost and the material abundance that follows. Thank you for taking the time to read this monthly newsletter. Please know that I am more committed than ever to bring you the best and most complete information about money and wealth beyond what the self-serving corporate media and corporate financial industry have to offer. I hope you will share this newsletter with your friends and family. Stay tuned.....
Truth and Peace,