Credit Card Companies

Ajax

Member
Joined
Oct 25, 2012
Location
Chicago Area
The worst attack on us are the credit card companies. They want to give credit cards to college students who don't even have a job yet so they can put them deep into debt before they even make any money. The strategy of the credit card companies is to make you pay them monthly payments forever. They want to make you their beyotch and keep you that way forever.
 

Mad Scientest

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Apr 11, 2006
Location
Illinois
Along that same line I just paid my Sprint bill. In big bold numbers I was told how much I was required to send. Of course if you looked closely that was the minimum amount due, not the actual amount due.

But that is OK because next month they would happily tack on the interest due for not paying the full amount. I wonder how may get suckered into that scam before they realize it.
 

Ajax

Member
Joined
Oct 25, 2012
Location
Chicago Area
Original Poster
Why give out credit cards to people who do not have incomes? IE -- college students. It's to put them into a hole they will struggle with the rest of their lives and never climb out from.
 

Mad Scientest

New member
Joined
Apr 11, 2006
Location
Illinois
Of course. Isn't that the whole objective of the card companies? They want you to be in debt up to your eyeballs as that is how they are able to make a ton of money off of you. They assume that you are not smart enough to realize that paying 22-25% interest is a total rip off. Anyone that regularly pays off their balance every month is of no real value to them.
 

happy2bhere

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http://nwoobserver.wordpress.com/2011/06/02/the-federal-reserve-cartel-the-eight-families/
by Dean Henderson
Published: Jun. 01, 2011 – deanhenderson.wordpress.com
The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP Amoco and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch.
According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1]
So who then are the stockholders in these money center banks?
This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe.
:cool:

http://cdn.preterhuman.net/texts/conspiracy/The%20Federal%20Reserve%20is%20PRIVATELY%20OWNED%20by%20Thomas%20D%20Schauf.pdf
:shock:
http://www.moneymaker.com/frb/page01.htm


Page One

UWSA FEDERAL RESERVE ACCOUNTABILITY NATIONAL TASK FORCE

PO Box 081335 Racine,WI 53408-1335


  • The Enemy From Within II


Re: ** FED-UP ** By: Thomas D. Schauf (1992)
Task Force Colleague . . . . . . . . . . . . . . September 9, 1995

Mr. Thomas D. Schauf, worked up his 30 page report, to clear up questions he had received about the Federal Reserve Bank (FED). Mr. Schauf spent a great deal of time researching the FED. (Note: We reduced this 30 page report to 16 pages, to make it more enjoyable. We reduced the number of endorsements, and none of the essential facts have been altered. We did use #12 character size from #16.) The resulting, shocking and revealing conclusions are as follows.
THE FEDERAL RESERVE BANK IS A PRIVATE COMPANY. Article 1, Section 8 of our Constitution states that Congress shall have the power to coin money and regulate the value, thereof. Today, however, the FED, which is a privately, owned company, controls and profits from coining (printing) money through the treasury, and regulating its value.
The FED began with approximately 300 people, or banks, that became owners (stockholders purchasing stock at $100 per share - stock is not publicly traded), in the Federal Reserve Banking System. They make up an international banking cartel, of wealth, beyond comparison (Reference 1, 14). The FED banking system collects billions of dollars (Reference 8, 17), in interest (usury), annually, and distributes the profits to its shareholders. The Congress gave the FED the right to print money, (through the treasury), at no usury to the FED. The FED creates money from nothing, and loans it back to us, through banks, and charges usury on our currency. The FED also buys government debt, with money printed on a printing press, and charges, U.S. taxpayers, usury. Many Congressmen and Presidents say, this is fraud (Reference 1,2,3,5,17). (Note: References are listed on page 14 of this report.)
Who actually owns the Federal Reserve Central Banks? The ownership of the 12 Central Banks, a very well kept secret, has been revealed:
Rothschild Bank of London Warburg Bank of Hamburg Rothschild Bank of Berlin Lehman Brothers of New York Lazard Brothers of Paris Kuhn Loeb Bank of New York Israel Moses Seif Banks Goldman, Sachs of New York of Italy Chase Manhattan Bank of New York Warburg Bank of Amsterdam (Reference 14, p.13, & Reference 12, p. 152) These Bankers are connected to London Banking Houses, which, ultimately, control the FED. When England lost the Revolutionary War with America, they planned to control us, by controlling our banking system, with the profit, on the printing of our money, and our ever increasing debt. (Reference 4).
This guy was busy!!!


http://loveforlife.com.au/content/09/08/17/top-secret-bankers-manual-zero-credit-cards-personal-loans-and-mortgages-tom-schauf
 

happy2bhere

Observing cool stuff
Joined
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Location
INternets
:shock:

http://www.newworldpeace.com/666b.html

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]3. The Global Elite’s “Social Engineering” Document.
[/FONT]
[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]A document that is classified as “Top Secret,” dated May 1979, and found July 7 1986 -- inadvertently making its way into the public domain in an IBM copier that had been purchased at a surplus sale.

[/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]The document is incredibly diabolical in its nature, and would be hard to believe, except the secret, quiet conditioning and programming that has been enforced by the global elite over the last few decades, and which is still being carried out in the present day on society, is the tell-tale authenticity of the document. One could simply view the rest of the articles in this Menu to see that the global elite's plan of social subversion and societal automation is well and alive and on the way to becoming a reality. This site, is of course, is and will be an antidote to that reality.

[/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]As the document is lengthy, and quite technical in some areas, a brief synopsis of the key points and concepts has been made in bold letters to give the reader a checklist of events and facts as they can be confirmed through their own mental faculties against the world-reality they have been made to live in. Children and adults alike, in both formal and informal settings should study it and discuss it as it pertains to contemporary life, as that would be a great start in preserving their own personal freedom and autonomy from those at high levels who don’t have their best interest in mind - New World Peace.com.

And now, institutionalized bribery, mayhem and destruction: The World Bank and IMF.
[/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]The document is incredibly diabolical in its nature, and would be hard to believe, except the secret, quiet conditioning and programming that has been enforced by the global elite over the last few decades, and which is still being carried out in the present day on society, is the tell-tale authenticity of the document. One could simply view the rest of the articles in this Menu to see that the global elite's plan of social subversion and societal automation is well and alive and on the way to becoming a reality. This site, is of course, is and will be an antidote to that reality.
[/FONT]

 

happy2bhere

Observing cool stuff
Joined
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Location
INternets
http://www.newworldpeace.com/money3.html

Where does all his information come from?? It's creepy.

[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]
All science is merely a means to an end. The means is knowledge. The end is control. Beyond this remains only one issue: Who will be the beneficiary?

In 1954 this was the issue of primary concern. Although the so-called "moral issues" were raised, in view of the law of natural selection it was agreed that a nation or world of people who will not use their intelligence are no better than animals who do not have intelligence. Such people are beasts of burden and steaks on the table by choice and consent.

Consequently, in the interest of future world order, peace, and tranquility, it was decided to privately wage a quiet war against the American public with an ultimate objective of permanently shifting the natural and social energy (wealth) of the undisciplined and irresponsible many into the hands of the self-disciplined, responsible, and worthy few.

In order to implement this objective, it was necessary to create, secure, and apply new weapons which, as it turned out, were a class of weapons so subtle and sophisticated in their principle of operation and public appearance as to earn for themselves the name "silent weapons."

In conclusion, the objective of economic research, as conducted by the magnates of capital (banking) and the industries of commodities (goods) and services, is the establishment of an economy which is totally predictable and manipulatable.
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[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]

I
[/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]n order to achieve a totally predictable economy, the low-class elements of the society must be brought under total control, i.e., must be housebroken, trained, and assigned a yoke and long-term social duties from a very early age, before they have an opportunity to question the propriety of the matter. In order to achieve such conformity, the lower-class family unit must be disintegrated by a process of increasing preoccupation of the parents and the establishment of government-operated day-care centers for the occupationally orphaned children.

[/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]The quality of education given to the lower class must be of the poorest sort, so that the moat of ignorance isolating the inferior class from the superior class is and remains incomprehensible to the inferior class. With such an initial handicap, even bright lower class individuals have little if any hope of extricating themselves from their assigned lot in life. This form of slavery is essential to maintaining some measure of social order, peace, and tranquility for the ruling upper class. [/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]

DESCRIPTIVE INTRODUCTION OF THE SILENT WEAPON
[/FONT]
[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]

[5. The weapon is silent because it is insidious, penetrating into every facet of human life, until the quality of human life is so degraded, that the general society dies by it. People may “sense” it, but they cannot intellectually comprehend it. They are therefore, socially isolated in their feeling.]
[/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]
[/FONT] [FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]Everything that is expected from an ordinary weapon is expected from a silent weapon by its creators, but only in its own manner of functioning.

It shoots situations, instead of bullets; propelled by data processing, instead of a chemical reaction (explosion); originating from bits of data, instead of grains of gunpowder; from a computer, instead of a gun; operated by a computer programmer, instead of a marksman; under the orders of a banking magnate, instead of a military general.

It makes no obvious explosive noises, causes no obvious physical or mental injuries, and does not obviously interfere with anyone's daily social life.

Yet it makes an unmistakable "noise," causes unmistakable physical and mental damage, and unmistakably interferes with daily social life, i.e., unmistakable to a trained observer, one who knows what to look for.
[/FONT]
 

happy2bhere

Observing cool stuff
Joined
Aug 8, 2012
Location
INternets
Why give out credit cards to people who do not have incomes? IE -- college students. It's to put them into a hole they will struggle with the rest of their lives and never climb out from.
[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]
TABLE OF STRATEGIES
[/FONT]
[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]

[/FONT][FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular] [18. Strategies for human control and enslavement include the state of ignorance of the general public so that there will be less public organization; {the reason why root causes are never addressed or tackled in the general media; and why there is no real accountability of anything or anybody in government on the failure of checks}; create pre-occupation which will lower their defenses. {This is reflected in media programming, and the pace of our lives}; attack the family unit and control the education of the young. {Through this strategy, the “dumbing down” of the population is in progress}; create dependency through less cash and more self-indulgency and hand-outs. {Pretty obvious through the proliferation of credit cards, for one, and an irresponsible national budget}.

Attack privacy and destroy faith in any religion or religious authority; make social conformity of the population for computer programming simplicity; minimize tax protest; collapse currency; destroy the faith of the people in each other.

Diversion is the primary strategy. Public must remain undisciplined and ignorant of the system’s principles while at the same time confused, disorganized and distracted with unimportant matters.

Disengaging minds and sabotaging mental activities {and processes through the proliferation of drugs — prescription and illegal} is key to ignorance of the system’s principles — as well as a low quality program of education in subjects pertaining to mathematics, logic, systems design, economics and discouraging technical creativity.

Focus on engaging and affronting the emotions {as they disengage the intellect}; increase self-indulgence; sex, violence, wars in media. Overfeed the appetites {the wants} and underfeed {or starve} the real needs. Create “junk food for thought” rather than food for thought.

Rewriting of history and law to shift focus to an artificial frame of reference that will take the general public further away from the interest in and discovery of silent weapons of social automation technology.

Profit is generated in a constant state of confusion. Therefore problem events are manufactured by the global elite, who then offer their solutions that enable more profit and control.

The grand direction and staging of the media, schools and entertainment industry all play a key role in social enslavement. To keep the human from thinking and remain an animal, work must have a non-stop {treadmill quality}.

Information for silent weapons programming is available from a docile public; and the taxation department--which has been set up for the silent weapons programmers.

Complying with taxation is an indicator of consent of the enslaved and works as an important factor in strategic decision-making.

Consent {as pushed, coerced, manipulated and deceived} is indicative of victory. Collection of taxes, seizure of private property without just compensation is an indicator of ripeness of public surrender – as public is consenting to enslavement and legal encroachment.

Through the number of citizens willing to pay income tax despite an obvious lack of reciprocal or honest service from government quantifies harvest time {those who will be spared, and those who will be “taken”}].

[/FONT]

http://www.newworldpeace.com/money3.html
seems doable[FONT=Arial,Helvetica,Geneva,Swiss,SunSans-Regular]

[/FONT]
 

sivklemets

New member
Joined
Feb 24, 2013
I agree, but its easy to get hooked during the good times, problem comes when things slow down, its harder to make the payments and the card companies then put up their rates. I was stuck for a couple of years, but gradually cleared them all off.
 

saved1986

In seaerch of spicy food
Joined
Aug 8, 2009
Debt will destroy you and there is no such thing as good debt. They have been pimping CCs to college students for 25 yrs, the problem is was in the late 90s thay had huge loan limits. I have one freind who makes 110-120k and is in excessive CC debt.
 

Mad Scientest

New member
Joined
Apr 11, 2006
Location
Illinois
This educational reform is not new. It started in the early 1900s, and probably even earlier, when John D. Rockefeller, Jr.’s Director of Charity for the Rockefeller Foundation, Frederick T. Gates, set up the Southern Education Board. In 1913 the organization was incorporated into the General Education Board. These boards set in motion “the deliberate dumbing down of America”. From “The Country School of Tomorrow” Occasional Papers No. 1 (General Education Board, New York, 1913) was a section entitled “A Vision of the Remedy” in which we find; (emphasis mine)

“Is there aught a remedy for this neglect of rural life? Let us, at least, yield ourselves to the gratifications of a beautiful dream that there is. In our dream, we have limitless resources, and the people yield themselves with perfect docility to our moulding hand. The present educational conventions fade from our minds; and unhampered by tradition, we work our own good will upon a grateful and responsive rural folk. We shall not try to make these people or any of their children into philosophers or men of learning or of science. We are not to raise up from among them authors, orators, poets, or men of letters. We shall not search for embryo great artists, painters, musicians. Nor will we cherish even the humbler ambition to raise up from among them lawyers, doctors, preachers, politicians, statesmen, of whom we now have ample supply.”

Me master, you slave. :evil:


Happy2bhere:


If you, or anyone else, would like a little history lesion unlike anything you were ever taught in school you might want to check the following site.

http://divinecosmos.com/start-here/davids-blog/1023-financial-tyranny

But be forewarned this is a very very loooong article, it has a number of sections/chapters, it is not something you breeze through digest in one sitting. However I feel it will be well worth the time as you will come away with an entirely new perspective of what is actually going on the world today and how we got here. :thumbsup:
 

Solstice Goat

Frater Aegagrus
Joined
Aug 7, 2012
Location
Seattle, WA
Of course. Isn't that the whole objective of the card companies? They want you to be in debt up to your eyeballs as that is how they are able to make a ton of money off of you. They assume that you are not smart enough to realize that paying 22-25% interest is a total rip off. Anyone that regularly pays off their balance every month is of no real value to them.
Meanwhile, the Fed steals 40% of our paychecks, and most folks worship them. What's going on? ;)
 

Mad Scientest

New member
Joined
Apr 11, 2006
Location
Illinois
Meanwhile, the Fed steals 40% of our paychecks, and most folks worship them. What's going on? ;)
I think many fall into the trap of believing obama when he says only the rich will be paying higher rates. However some are starting to realize that that’s not quite true.

For many I believe that they only look at the numbers on the face of their pay check as being there real income because those are the one that they can actually spend.
Those other numbers on the check stub might just as well be imaginary numbers because they cannot be spent and the individual has no control of them.

But here is a thought to limit government spending. Government looks to receiving this income tax withholding on a regular basis. Now what would happen if everyone decided to tell their employer not to take out any withholding tax. That is your right. Of course you are still responsible for those tax dollars at the end of the year, but if every week you put those dollars into your own special tax saving account you would have the money plus even a few extra dollars in interest.

But, but, but our illustrious politicians would be deprived of that continual trickle of money coming in and they might actually here to start doing some real budgeting. Maybe even cut spending.






P.S. Total unrelated but love that little avatar goat.:coolthumb:
 

saved1986

In seaerch of spicy food
Joined
Aug 8, 2009
I can understand giving a 21 yr old a 700-800 dollar limit, but 10 yrs ago they were giving college freshman 5k limits. Debt is not good and as an individual, there is no such thing as good debt.
 

Ajax

Member
Joined
Oct 25, 2012
Location
Chicago Area
Original Poster
There is the "rule of 72". You divide the number 72 by your interest rate and the resulting number shows how many years it will take for your balance to double. 24% is a common credit card rate so I will use it in this example. Say you see an item normally for $150 and it is on sale for $100. You don't have cash but it is such a good deal you use your credit card. If you pay the minimum balance each month, in 3 years you will owe approx $200 on that purchase. In six years, $400, and in 9 years (if you pay off your balance by then) you would have paid approximately $800 for that great deal. So it goes to show -- never buy on credit what you can't immediately pay off -- or better yet, don't use credit cards at all.
 

Mad Scientest

New member
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Apr 11, 2006
Location
Illinois
or better yet, don't use credit cards at all.
:applause::applause:


The only time I use my credit card are the few times I when I need to buy something via the internet and then it is paid off at the end of the month. I’m the kind of credit card user that credit card companies hate. :lol:


The best credit terms you can get; "100% down and no more to pay."
If you cannot afford those terms then you really cannot afford the item.

The only reason to give credit cards to students is to teach them that it is perfectly normal to be in debit up their eyeballs. :evil:
 

saved1986

In seaerch of spicy food
Joined
Aug 8, 2009
:applause::applause:


The only time I use my credit card are the few times I when I need to buy something via the internet and then it is paid off at the end of the month. I’m the kind of credit card user that credit card companies hate. :lol:


The best credit terms you can get; "100% down and no more to pay."
If you cannot afford those terms then you really cannot afford the item.

The only reason to give credit cards to students is to teach them that it is perfectly normal to be in debit up their eyeballs. :evil:
I agree, but limit the debt to 1k and let them see how hard it is to pay off.
 

Ajax

Member
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Oct 25, 2012
Location
Chicago Area
Original Poster
They give you the highest limit they think you can possibly handle and if you keep paying the balance in time, they will keep raising the limit. The idea is to turn you into a money machine for the credit card companies so you actually work for them. Once I got off credit cards and used only my debit card, I saw my savings steadily rise and rise and rise! I have an investment portfolio now which I would never have had if I had credit cards.
 

happy2bhere

Observing cool stuff
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Aug 8, 2012
Location
INternets
It was at one time, IMPOSSIBLE to travel w/o one. Each and every reservation must be " held " with a credit card. So, I never
traveled. Now, it's for different reasons: molestation in airports, can bring my knife but not my shampoo, etc. ;)

Once they snare, they have this cute little trick of upping the interests. Makes it virtually IMPOSSIBLE to pay off ever.

Evil parasites. A necessary evil tho?

ETA: I can recall one very young family member desiring a trip to the Girls Gone Bad area of Mexico with her college friends for the infamous Spring Break. She signed the app (she was NOT in college) and kept using it there after - going beyond her "limit" and needing to borrow from her very upset mother. It was bad times for her for awhile in that household. The poor kid practically drank herself to death.
 
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Mad Scientest

New member
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Apr 11, 2006
Location
Illinois
Every time you use a credit card you are in effect taking out a loan which of course the banks love to see because all this “money” is just imaginary numbers entered into their computers. Consider how this works.

If you came to me and said can I borrow $20? Well OK I can do that, I open my wallet and hand you $20. Now seeing as how I had to actually to “work” to produce that $20 naturally I will expect to be paid back in a reason amount of time as I have given you something of real value.

But what if I am a banker and you want to borrow $200,000 for say a new home? So you come into my bank and say “give me da money” well OK that might not be the best way to start off the loan process, but in any case we are talking about theft here. So we sit down and I show you all of the marvelous plans that I have to offer, and you chose one that you are comfortable with. Then after all is said and done you sign the loan contract.

So now what happens do I get up open the vault and grab a bunch of money and hand it to you? Not quite, there is no way I would touch the banks money instead I turn on my computer and by noting that you have promised to pay the bank $200.000 plus interest I write you a check for the $200,000. What is going on here where did that money come from?

By signing the loan contract you have effectively created the $200.000 (plus interest) that you will produce through your future labors which you have just signed over to the bank. Based on that I will write you a check for $200.000 on the “good faith” of my bank or more simply just out of thin air. The reality is I gave you nothing but you gave me something of value, your labor. You then give that check to the person you’re buying the home from and that person could then turn around and deposit that check back into my bank. At which time I will treat it as real money not something I just created out of thin air. But now because it is considered real money I can lend out 10 times that amount, in some cases even more, this is called fractional banking. Gee isn’t this fun being a banker? I can create money out of thin air and you have to pay it back through your hard work and labor.

What you say you think this deal doesn’t sound fair? Will just wait as your friendly banker I’m just getting started. You see I don’t really want to be bothered with your loan and all the other loans I have made. So I bundle them all up and sell them as a package to another larger bank or some other entity. You undoubtedly will not be made aware of this transaction. However the people that buy the loans know that some of the people that took out these loans will not be able to pay them back, thus they buy insurance to cover these loses. This insurance will cover their losses usually by a factor of ten. As such these people are more then willing to see these loans go into foreclosure, in fact they encourage it because they can make a ton of money. Being a banker is fun you get to make tons of money and you don’t have to produce anything.

There is one small fly in the ointment here. One that you are absolutely not supposed to be aware of. What happened when the bank sold your loan? As far as the bank is concerned your loan is now paid off and no longer exists thus you no longer you owe them anything. However did you sign a new contract with the people that bought it; did you even know it was sold? If you did not sign a new contract with them then you owe them nothing, well maybe a thank you for paying off your loan for you. :D So if a loan was sold and paid off and if you did not sign a new contract with the new owners why are you still making payments? :shock:
 

happy2bhere

Observing cool stuff
Joined
Aug 8, 2012
Location
INternets
Really? It could have worked? Our loan was sold to GM when we owed maybe five years on a 15 fixed.

Never signed anything with GM. They were some type of handling office located somewhere in Texas.

Legal? I could have just said, "sorry, I don't owe you anything for I never signed a contract with you." ?? Damnit.
 


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