Boy they are smart ! (Subtitled.....Well duh ! )

[Kevin the grey]

You know and I know its a banks business to make money . Lotsa money ! Just as much as they can ! Well ....... sorta . They were supposed to stay out of the credit card business . Kinda a conflict of interest . Paying people interest to keep/use their money and Loaning out money at fairly good rates with substantial and usually more than necessary colateral . This was considered a conflict of interest with charging people exorbitant amounts of interest for what is supposedly a short term loan . Not only has this line been crossed over , stepped on , danced around and generally circumvented it has been obliterated . The one thing I did not see was how banks could eliminate savings/checkings accounts and have just "Charge accounts " .
In other words a general free for all with no limit (or very little restrictions on ) the amount of money they could charge you for being allowed to take all your money away from you .

Lets step aside from this rant and look at debit cards for a moment no-one , myself included can deny that a debit card is one whole heck of a lot better thAn standing in line at a bank or having to mail in your monthly bill payments . Gosh darn it , they also arranged it so that we could have 24 hour a day access to our money with the added pleasure that entails . (I,m not even going to go there !) Now banks in their infinite wisdom are making debit cards less convenient and harder to utilise than a credit card . Do you want to just flick an instant read card that attaches to your keychain to fill up gas ? Yesuh ! All you have to do is link that card to your credit card . Same thing goes for standing in a movie line . Want some popcorn and a drink ? Supersize me ! 117 dollars ? No problem let me just flick my bic and I,ll be on my way . There is just that tiny bit of difference . Instead of earning half a percent of interest you are gonna be charged ? what 14 -18 percent ? Well thats only if I,m late making a payment ! Yeah right, and give me a break !
This sordid tale is almost complete (for the moment .) I was still asking myself . What about the more conservative among us ? What about those who actually want or try to save money in that .5 percent interest savings account . Well lets just give them a credit card that is linked to a savings account . Every time I make a purchase at 14/18 percent interest the bank will throw a miniscule amount into my savings account !
I,m saving when I,m charging while I,m charged for what I,m saving !
Life couldn,t get any better than that ! L:L:A:L:

 

[Dave Rishar]

I'm not sure where you're going with this, Kev.

 

[Kevin the grey]

Dave , I,m gonna go and shoot my bow for a while . I,ll get back to ya .

 

[Dave Rishar]

Good answer. Works for me. :thumbup:

 

[Kevin the grey]

Dave The last couple of sentences say it all . This isn,t a rant really . I know business makes money and big business makes big money . It wouldn,t make sense if they didn,t . I just about guarrantee ya inside of our lifetimes it is going to be hard for anyone to buy their own home . The only wealth left is our savings and the land . Pretty soon their will not be anything like a savings account for your common man . If you have no savings you aint getting no land .
It might be the reason the point isn,t evident is I tend to just put out my point of view and let people make up their own minds . Another reason the point might not be as evident is that there is not that many common men here . It is not just wealth or position that makes a man uncommon, I think there is more to it than that . It is sometimes hard for the uncommon to have the view of the common man . it doesn,t make us better or above , just different .