You're about to start a banking revolution.

By Chaz Valenza (about the author)  

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'regoing 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 changebanking in America,for the better, for you.

It's just a substitute for cash

The one service we tend to use the most, usually without a thought as to the consequences, the one Big Banking makesbillions of dollars on, is also the one you can do without: credit and debitcards. How did we forget that plastic is just a substitutefor good ‘ol cash.(Oh, maybe the billions of dollars Big Banking spends to convince usplastic is better than cash? Is it? Where do they get all that moneyfor 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.

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

The banks are currently so greedy they are increasing theinterest rates on existing credit card debt and snaring customers into usury fee andpenalty 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 theirservices.


http://www.opednews.com/articles/-Use-Cash-Movement-to-Ign-by-Chaz-Valenza-091129-129.html

 

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