Posts Tagged ‘banks’

When are we going to realize that money, inflation, and deflation are all an illusion. Seriously? The problem with here is the price of things go up, the wages and raises go up. So why the hell raise the cost of anything then? Who cares if you make $50,000/yr when your costs are $50,000/yr. If your costs were $12,000/yr and you made $12,000/yr you would be in the same predicament. This just an illusion for the average human sheepminded individual thinking they are accomplishing something by have more denominations of something that is valued as something in less denomination.

Let’s take for an example, if I say “1 trillion dollar” sounds like alot but you can’t relate. But if I say “$787,000” or “$541,000,000″ you think ” WOW THAT IS ALOT OF MONEY”. It is a mind trick. Corporations use it on you all the time. Y’know when you ask “why do they make something $2.99 or $2.98?” Because they know the average consumer is too dumb to figure out that $2.99 and $3 is the exact same thing! But the three is imprinted into your head since you were a kid that it is MUCH bigger than 2. 787 sounds bigger than 1 no matter how many zeroes are behind it or lack thereof.

Freedom for every human will only come when we drop mental chains realize that it has all been a magic trick and a scam!


“Even in the developed world I think we have very, very low wage growth, so people aren’t getting more in their pay packet to compensate them for food and energy, and I think we could see social unrest certainly in parts of the developed world and the UK as well.”

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Shit is just getting more insane. Not only do they tax for everything even for dying, but now they will tax you on how much you spend. Are they TRYING to crash the economy? Do they seriously think any good will come of this. Why would you want to limit how much an individual spends? What’s it anyone’s business how much I or you spend. The banks job is not to decide how and how much money to spend, but to take your deposit, shut up, and put it in safe keeping. It’s bad enough they can take your money and throw it on the stock market and make a killing dispersing a measly .5% or less back to it’s “valued” customers. This will cause several things

1. Bank deposits will shrink

2. People will become broker

3. People will become enraged.

It’s almost like this is all being done on purpose. A third grader can get this right. This is common sense, how in the hell are these men running this country?

Big Banks May Impose Debit Card Purchase Limits

by Simon Zhen

Talks of the impending debit interchange fee caps are pushing big banks to consider imposing limits on debit card purchases.

According to the Federal Reserve, debit cards have become the most popular form of non-cash payments in the United States.

The Fed’s proposal to cap the interchange fees at 7 to 12 cents per debit transaction, which would reduce the particular channel of bank revenue by as much as 84 percent.

Banks Could Limit Debit Card Transactions

Most likely to take the biggest revenue losses are the largest banks including JPMorgan Chase, Bank of America and Citigroup. They are deliberating the possibility of placing a limit on each debit card purchase to $50 – $100, if interchange fees are capped, reported ABC News.

As the public comment period on the Federal Reserve’s proposal came to a close on Feb. 22, banks implored Congress to reconsider due to the possible adverse effects that the changes would have on low-income consumers, the banking industry, and the U.S. payment systems.

With the chances of the big banks limiting the size of a debit card purchase, consumers would have to choose between the using traditional, inconvenient payment options such as cash and paper checks or the debt-burdening credit card. Banks would be happier if shoppers decide to use credit cards for larger purchases because the proposed interchange fee rules do not apply to credit card swipe transactions.

The Fed is expected to finalize the new rules from now until April. Revisions to the debit interchange fee caps remain possible and the big banks will most likely react accordingly in their best interest. It is just one more way that this particular provision of the Dodd-Frank Act can affect consumers directly.

http://www.mybanktracker.com/bank-news/2011/03/01/big-banks-impose-debit-card-purchase-limits/?utm_source=MyBankTracker.com&utm_campaign=6303358400-RSS_EMAIL_CAMPAIGN&utm_medium=email