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 around the world are no longer fooled by the global money monopoly and how 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. As the cost-of-living continues to rise, personal earnings since the 70′s are, at best, flat. For the banking industry, the economic meltdown has been a perfect storm: They just so happen to have the financial product to fill the gap – more credit! The rest of the story is history. We all seem to know at least one family suffering under the burden of debt.
Despite regulations designed to curb exploitive credit-card company practices, make no mistake, they will exploit every legal loopholes possible to make up the difference.
“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 (or some amount) each time there’s not enough money in the bank account to cover the cost of the purchase. 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 coined by Buckminster Fuller) committed to making a big difference.
As the founder and advocate of the Use Cash Movement, Chaz Valenza has stepped up to help educate whoever has ears to hear the many benefits of the Use Cash Movement 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 simply by changing their money-platform 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 to change 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!