- Jeff, this is a small matter with all that is going on,
but the idea of 'debt' (and 'wealth') has been on my mind lately,
so this short video attracted my attention - as many people have switched
to debit cards in an attempt to be more responsibe in their spending.
-
- The Card Game: The Deal With Overdrafts
- http://www.nytimes.com/2009/09/09/your-money/
- credit-and-debit-cards/09debit.html?em
- (short video half-way down page)
-
- ..Mr. Rayne's situation is not unique; he's one of millions
of customers who have had to pay overdraft fees on a service they never
asked for.
-
- ...As lawmakers crack down on abusive credit card practices,
banks are increasingly reliant on debit card overdraft fees for revenue.
-
- ...This year banks will make over 27-billion dollars
on overdraft fees from customers that overspent their checking accounts.
-
- ...On several occasions, I've asked the bank, that if
I don't have the funds, to decline it - and they've said "no."
-
- ...If a purchased is flagged, all further purchases made
with a debit card are charged an overdraft fee until the flag is cleared
even thought there is money in the account to cover the purchases.
-
- PS: great job on sorting through the pandemic / vaccination
issues with your guests the last couple of weeks.
-
- "What makes this the biggest public health crisis
in history is the ingredients in the vaccines." - Horowitz
-
- Interview with Michael Chossudovsky...
-
- JR: "I refer to this as the greatest theft in human
history."
- MC: "I think that's a correct assessment because
the numbers are so horrendously large. The thing is, with the transfer
of wealth we don't know where the money goes."
-
- The whole idea of money and wealth is a huge consideration
- and I'm sure there has been volumes written on this consideration.
-
- If we weren't in a period of information overload, I'd
probably write something on this (my two cents).
-
- - but Jefferson's view of America as a nation of small
farms sticks with me - as well as Hamilton's (opposing) ideas
that tied wealth to our relationship with money.
-
- ...as is relflected in Chossudovsky's statement ("we
don't know where the money goes").
-
- In my own attempts to step outside the 'matrix' over
the last several years, I have to reflect that the practical application
of this was to step away from debt and to transfer money wealth to commodites
and sustainables (garden fertility, quality of immune system, etc)
-
- So, I increasingly appreciate Jefferson looking at the
economic systems of the world - and the political systems of the world
- and seeing America as a nation of small farms - both in the support of
economy and liberty (plus the nuturing effect on education, health, morality,
common sense, etc)
-
- Synthetic wealth nurtures synthetic lifestyles - while
the subtle realizations between the qualtiy of the soil and the quality
of our bodies, the quality of our enviromment lending itself to the appreciaton
of the interconnectedness of life all around, etc - go under-appreciated.
-
- - Gary
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