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10 Dirty Tricks Credit Card Companies Play
The credit card companies make billions each year in legitimate interest charges and fees, but are under constant pressure from the shareholders to increase their earnings. To make this extra money the credit card companies sometime adopt some dirty...
An Introduction To The Humble, But Oh So Powerful, Credit Card
It's hard to imagine doing business today without credit cards. If you are 1 of the few who do not own a credit card, you probably have difficulty renting a car or reserving a hotel room. On the other hand, if you have a fistful of maxed out credit...
Credit Reports: Find out why you have been refused Credit
You may already have 2 or more credit cards in your purse or wallet and you have just applied for a third and been declined. This can be very frustrating considering you pay off your other credit cards regularly and you are continually having your...
How Credit Card Applications Can Effect Your Credit Score
Thanks to the Internet, it has never been easier to receive and submit credit card applications. It can be very tempting to fill out all of the online forms available to you. But be careful, it could end up costing you--consider the following...
How to Establish Business Credit Despite Your Personal Credit
Business credit is more of a science than an art. The first rule for this science is that it is not the same as personal credit. Many would-be and aspiring business owners are not aware that establishing credit for a business is just as important...
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New Money As Credit
"Labour accepts that private financial institutions like banks
should be allowed to issue new money as credit"
The full significance of this statement, correctly understood
and widely known, would fundamentally change the whole global
economy.
The existing banking system originated in England in 1694, when
King William gave permission for the bankers to be the source of
part of England's currency. They formed the Bank of England with
an Act of Parliament called the Tonnage Act, which remains on
the statute book.
Times have changed since then and with the advent of the
personal computer, a new industry has come into existence, the
credit industry and with it, electronic money. Money now exists
as computer entry to replace ledger entry.
The people have always been encouraged to believe that the bank
of England is 100 per cent reliable and part of our national
heritage, such as the Monarchy. Safe as the Bank of England etc.
But the Bank of England established upon the Royal right to
issue new money as credit, has always been very secretive and
protected by the Official Secrets Acts.
The Bank of England has needed to be autocratic and independent
of Parliament, in order to have absolute control over the rate
at which new money is put into circulation. Full independence
was only obtained in recent years under Labour, so that now,
inflation can be kept under tight control by adjusting interest
rates.
Because interest has to be paid on new money the rate at which
new money is created and issued can be controlled, by how much
it costs to do so.
People ignore the fact that new money is credit, which did not
exist until the credit was accepted as a
loan of money. People
also ignore the fact that by diluting the currency with credit
the currency gradually turns into debt. Using debt as our
currency has two major disadvantages.
Perhaps the most important, is total inability to establish any
sort of yardstick, by which to measure the value of credit. This
value is pure guesswork and guessing becomes a fine art and
almost a science. Such expertise provides 'insider' knowledge
and creates a thin upper stratum of society, which although
purely parasitic, creams off enormous wealth without making any
contribution to the creation of the wealth. A practice correctly
designated as theft, although held in the highest esteem in
contemporary society.
The other disadvantage of credit, is that credit has attached to
it, a tax in the form of interest. Credit is expensive stuff to
use and also credit must be repaid to the banks as money. The
banks who allow you to have credit to use as money will not
accept credit as money from you.
Economics is the study and practice of the creation of goods and
services and their distribution for the benefit of the consumer.
The only difficulty we have with economics, lies in the problem
of distribution. Distribution beyond a barter system, depends
upon a reliable means of exchange. Credit can never be a
reliable means of exchange. That is the trouble with global
economics. Today, there is no reliable means of exchange any
longer in existence. The world has a dire shortage of money and
a vast surfeit of debt. We need to restore to Government the
sole right to create and issue new money and demand the right to
see that it is done correctly.
About the author:
www.monetaryreform.org
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| The FTC's web site on Credit |
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| www.ftc.gov |
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| Federal Trade Commission - Consumer Credit Center |
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| AnnualCreditReport |
| Site set up by the big three credit reporting agencies in the United States, to furnish free annual credit reports, as required by federal law. |
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| Credit referencing and consumer targeting for the USA and other countries. |
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| National Credit Union Administration - Home Page |
| An independent federal agency that supervises and insures 7152 federal credit unions and insures 4240 state-chartered credit unions. |
| www.ncua.gov |
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| Credit - Wikipedia, the free encyclopedia |
| Debits and Credits, a type of bookkeeping entry; Credit (creative arts), acknowledging the ideas or ... Retrieved from "http://en.wikipedia.org/wiki/Credit" ... |
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| Credit (finance) - Wikipedia, the free encyclopedia |
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| DebtAdvice.org is a service provided by the Members of the National Foundation for Credit Counseling (NFCC), most of them known as Consumer Credit ... |
| www.nfcc.org |
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| FreeCreditReport.com | Free Credit Report and Credit Score Online ... |
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| Ford Credit provides auto financing to finance a lease or purchase a car or truck through Ford, Lincoln or Mercury dealerships. |
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| The Credit Card Prank |
| In my lifetime, I have made nearly 15000 credit card transactions. ... Credit card signatures are a useless mechanism designed to make you feel safe, ... |
| www.zug.com |
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| Credit magazine, corporate bonds, derivatives, structured credit ... |
| Credit magazine provides information on the international credit markets for credit investors, issuers and market professionals. |
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| CUNA: The Credit Union National Association |
| News and resource directory about credit unions. |
| www.cuna.org |
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| Credit/Debt Management - Tools and Advice for Managing Credit and Debt |
| Drowning in debt? Trying to improve your credit score? This is the place for you. Get real world information and tips, as well as the legal low down, ... |
| credit.about.com |
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