Normally, this is not a problem. But with the number of foreclosures and bad loans the banking industry has made, the pool to spread the risk of credit card borrowers is shrinking. While wildly profitable, the credit card industry has been rather predatory when it comes to credit cards.
This is the excuse the Federal Reserve is using to grab even more power. They want to regulate credit cards for the "good" of the consumer. You have to ask,
It almost seems planned, how the Federal Reserve is systematically destroying the purchasing power of the middle class. First, homes. Second, currency devaluation. Third, credit availability for the majority of America.
What's going on there?
4 comments:
Welcome to 1929, where they did the exact same thing.
Bernanke is trying to oust Santa Claus from his job! He thinks he has better presents for all of us.
I think everyday should be Christmas because could I get to see the Bald Avenger spreading the gifts around like crazy on a daily basis!!!
HA! HA! HA! HO! HO! HO!
It is clear that the international bankers have created this system of globalization in order to create catastrophic failures on a worldwide level in order to become the masters of the "New World".
We are being setup for a problem/action/solution scenario where the world in utter and ultimate despair will cry out to whatever solution arises out of the ashes = world government.
The United States of America is being used as the pawn to destroy the rest of the world. The international bankers have created fiat currencies the world round that are pegged to the US dollar which is dependent on oil for it's value.
We can argue all we want about all the other issues but if we don't look at the root of the problem -> Fiat Currency then we are lost. Fiat currency is designed to usurp the wealth of the people to the point that they become barren and destitute on the land of their forefathers. It is made to transfer money from the lower and middle class to the elite.
We are in the final death throes of this process. The bad part is that the elites thought up this idea of globalized markets in order to make sure that the fall of the US will guarantee the fall of the rest of the world as well.
We have been duped people. Our money will become worthless as the paper it's printed on and everything under the sun will be blamed ( homeowners who couldn't afford the mortgage, brokers who were greedy on wall street, Iran who doesn't want to sell oil in dollars, China who wants to be the next super power, etc... ad nausium).
If you don't realize that it is the international bankers ( of which the unholy Federal Reserve is inclusive ) then you are missing the writing on the wall. The rest is immaterial. Take a look at history and you will find out that the international bankers were responsible for every revolution and world war in recent history.
We are being herded towards the pens as we speak. Where are the patriots? When will we realize that if we don't have constitutionally legal tender in the form of money that is backed by value such as silver and gold, then we are being exploited by the ruling class.
We must expose the international bankers for what they truly are - usurpers and tyrants. We must hang them from the lightpoles and take back our freedom and self determination. The fate of humanity lies in the balance, we are in the calm before the storm.
Will we cower in defeat and allow our total existence to be controlled by this New World Order or will we stand shoulder to shoulder indivisible by race, color, religion or creed against this evil?
The choice is yours to make. The writing is on the wall... the wind approaches. Are you prepared to do whatever is necessary to take back your country from the usurpers / money changers?
I recently read on one of the major net sites that 37% of the card issuers are increasing the percentage rate "due to economic circumstances" a legal clause in credit card contracts. So you may want to check your next card billing rate against your last ones.
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