CREDIT CARDs, a hidden legal SCAM is MERCHANT ACCOUNTS !

I had considered beginning this article by explaining the History of Credit Cards, but have decided that if you want to gain that knowledge then, after reading this article, you can simply click certain links herein and you will find that knowledge.  But please read this first, you will be amazed of the TRUTHS within.  This writing it not about those who carry plastic cash, but rather it is about those who accept this digital demon as payment for their goods or services rendered.  One must also understand that the resultant ends up trickling down to the CONSUMER, as always.  Please, stay with me.

TRUTHNOW! shall attempt to expose to you the REAL never-ending cash machine for the Banking cartel.  This “cash machine” lies hidden, in plain sight, within the account payables of most EVERY retail merchant [large and small], most every hospital, most every school, most every roadside rest-stop, most every insurance office, most every pharmacy, and most every auto body shop, restaurant, grocery store, and  most everywhere a transaction between two parties is acknowledged.  In fact, recently this “cash machine” is even showing up on [or shall I say within] most trendy smart phones.

TO BEGIN WITH:  Let me say a bit about “why” we carry this plastic cash [although the subject of this writing is not about those of us with the cards, as you shall read in a moment].  When we think of credit cards we think of the convenience of them.  We need not carry cash, we get rewards for using them, we can have our favorite team logo on them, we can support our favorite cause by using them, and we are told that we even get “cash-back” when we use them [go figure!].  Have you ever wondered who actually pays for all of these incentives and freebies?  Some would say that it is in the interest that cardholders are charged for the unpaid monthly balance remaining on the card each month.  Believe me, THIS IS JUST THE BEGINNING.

Facts to keep in mind: 1) Each cardholder owns an average of seven credit cards — three bank credit cards and four store or gas credit cards. 2) In 2010, each cardholder is carrying an average of $5,100 in credit card debt.  Here are more current disturbing stats for you to look at later..

MERCHANT ACCOUNT SCAM

the CASH MACHINE we do not see!

We are being transitioned into a cashless society.  Many forms of the Plastic Demons are emerging into our daily lives: debit, credit, EBT, prepaid, payroll transfer, gift, rewards, social security payments, welfare payments, branded, transit……all are digital payment vehicles that are used over 46,700,000,000 [that’s BILLION] times per year [2011] in America alone.  That is over 46,700,000,000 transactions for goods, services, utilities, taxes, or fines all over America. 

So do you think that these transactions are completed without a cost to whomever is receiving them?  Think again!  EVERY transaction comes at a cost to the merchant receiver of the Plastic Demon.  Not only is there a fee for EACH TRANSACTION but there is also a percentage fee paid based upon the transaction amount.  This percentage fee is regulated yearly but is maintained for each and every transaction, no matter how large or how small.  These costs and fees go nightly into the gangster bankers coffers, like clockwork, hidden ‘behind the scenes’.  In fact, there is practically NO REGULATION of the process.  Here is the ‘double-speak’ of the gangsters themselves, the Federal Reserve.

NOW, THINK ABOUT THIS

The gangster bankers make their money [when they aren’t simply printing it] on these Plastic Demons by charging the merchants accepting them…swipe after swipe after swipe….after swipe.  The transaction fee alone is from $0.02 to $0.15 PER SWIPE. Then there is the interchange fee to the merchant which can be anywhere from 0.6% to 3% and some online merchant fees are as high as 4.25% or more.  You do the numbers…… according the Federal Reserve [which is no more federal that FedEX] merchants are paying over $1,800,000,000,000 [that’s TRILLION] in debit card fees alone!!

These fees are being given to the gangster bankers for literally DOING NOTHING; as servers, software programs, and independent agencies provide all calculations and customer service needed.

NOW, LET’S PUT THIS INTO PERPECTIVE

The US SNAP Program, formerly the Food Stamp program, in the past issued a book of coupons that the recipient would tear off and give to a merchant in order to purchase food.  That was years ago, and now our own Legislators have enabled the gangster bankers to USE this program to gain continuous PROFITS.  You see, every time these EBT cards are used in a place of business the merchant PAYS THE BANKERS….that’s right, our own system has allowed the bankers to make money on the program that was set up to ‘serve’ the poor….pathetic isn’t it.  The program runs digitally by simply using a Plastic Demon called an EBT.  You see the sign on merchant doors everywhere.  Fraud was very limited when the user held a coupon booklet.  Now, holding an EBT card, the user can even get cash back and purchase a Looto ticket or a bag of weed!  Over 47,000,000 Americans have an EBT card today; most will make some purchase(s) on a daily basis.  The merchants who swipe the cards are paying every time it is swiped.  Our legislators have allowed the bankers to push their Plastic Demon onto the daily scheme of purchases made daily in our nation.  Through the interchange, the bankers are guaranteed $trillion$ of dollars annually….for DOING NOTHING!  MERCHANTS across America are being robbed out of each and every digital transaction being made.  Actually, these fees are transferred to consumers by increasing the price of the goods purchased in order to cover the fees!  Let us realize that this convenience must come at a cost, but NOT when it is forced upon us to be paid by a credit card to a public entity.  Profit upon public service transactions should not occur when the transaction is MANDATED to occur via these Plastic Demons.

Paying for medical services within a publicly funded hospital, paying for taxes at city hall, paying for your IRS debt, paying for public utilities, paying for public education services, paying for public transportation, and many other public service transactions should NOT create PROFIT for the bankers.

ADP is the fastest growing payroll support company in the country.  The majority of the employees being paid through this option are given a debit card.  One look at their info and you will soon see how connected to the gangster bankers they are.  There are employer incentives to use this payroll service that cannot be taken lightly.

WHY CASHLESS ?

The system is set in place for the GANGSTER BANKERS CONTINUOUS PROFIT FROM EVERY CARD TRANSACTION….EVERYWHERE!!  The growing trend to go cashless, the trendy gizmo on your smart phone, the “easy” and “convenient” way to receive your payroll, the “air miles” rewards you get, the “cash-back” incentive, the support for your charity cause…..all of these ‘come-ons’ are only a way for the ganster bankers to make you think you are given an advantage by using these Plastic Demons.  In reality, all that you are doing is giving the gangster bankers a GUARANTEE of their $trillion$ of dollars annually for literally doing nothing.  They are laughing all the way to their ‘bank’.  Ask ANY merchant [over $500,000 per year in receipts] that you may know about his credit card merchant account and he will give you a mouthful about fees, jumping interchange rates, and ‘chargebacks’.

The Social Security Administration is even now pushing a program to initiate payments digitally.  Knowing that previous heads of banking industries now sit atop our government agencies, is it any wonder why this is happening?  Hasn’t our tax bailouts paid to these gangster bankers been enough looting of the American consumer for them?  They tout these cards to us for reasons of “convenience” when in reality it is purely about Profit and Control.  During a Bank Holiday, your bank account debit card will be of no use.  Open your eyes and look around daily for the incentives being pushed upon consumers to use this Plastic Demon.  A large percentage of the gangster bankers’ profits are gained simply by luring We the People to swipe a Plastic Demon.

HOW CAN WE DECREASE THEIR LOOTING?

There are a few ways that we can greatly decrease the profits being looted for our usage of these Plastic Demons.

1)      If you are paid by your employer onto a payroll cash card, simply make a one-time transaction by depositing the entire amount into a checking account and simply withdraw money as needed, hopefully a checking account at a member bank of the Independent Community Bankers of America.  Research will show you that these member banks tried to refuse any bailout money, and have all repaid it back.  They were NEVER insolvent as they did not participate in the frivolous lending practices causing the crisis.

2)      Use cash as much as possible.  Stop and THINK with every purchase, realize their profit from your every use of a Plastic Demon.

3)      Ask the merchant if he will give you 2-3% discount for paying in cash.  On a large purchase, this is usually warmly accepted.

4)      STOP buying on credit!  If you can’t afford to pay for it, you probably don’t need it!

5)      GET RID of all of the cards that you can.  Really, this is common sense.

ARE YOU A MERCHANT?

A simple sign at your cash register allowing a 2% discount for cash will save your profit in the long run.  Shopping for better rates on a yearly basis is very easy to do.  ASK your processor if there is a penalty fee for moving your processing [there usually is], and I guarantee you can have it removed before you sign a merchant agreement with them.  Never sign an agreement with a set term length or a penalty clause.

Here is an interesting processing agent that I ran across while researching for this article.  Merchants have to pay someone to handle their credit card deposits.  The dollars are spent on this account payable and never seen again.  The company is a nonprofit company [FUND of America] that will process your transactions with one of the 5 major processors, and then return on average 70% of their own profit on your account BACK TO YOUR BUSINESS.  They only require that you give those dollars, which were returned, to your chosen favorite charity or a public use.  Admittedly, it doesn’t actually save you any money, but it puts YOU IN CONTROL of the money that you are already spending in the course of doing business……and you’ll be serving your favorite charity without having to use dollars from your bottom line.  Let your merchant account support your civic contributing efforts!  From what I can determine, this is the ONLY entity of its kind in America, and has a patent pending on the process!  Now that’s what I call free market at its best!  The nonprofit has a mission purpose of serving start-up entrepreneurship, asking the participating merchants to act as mentors to local entrepreneurs….business helping business, imagine that!  It seems that this service is having a hard time getting into the marketplace, as merchants feel that this approach to their needed service is ‘too good to be true’, so there must be a hidden catch…..I checked them out, no catch, no men in 3-piece suits, no big building in metro, no Big Bank backing them either….in fact, if this concept catches on the banks shall be the last ones to promote it.

THE KEY to all of this is that we must spread the word that CREDIT CARDS ARE A KEY CASH MACHINE for the global bankers. By simply cutting plastic card usage in half, we can literally hit the gangster bankers where it hurts to the tune of HUNDRED$ OF BILLION$ OF DOLLAR$ per year.  Spread the word about the info on the links you find here.  Notice how often the market is pushing the use of credit cards upon consumers.  Talk to you friends who are merchants, talk with them of alternatives.  Be aware of the REAL purpose of pushing a cashless society upon us.  Dr Ron Paul is very correct in stating that the elimination of the Federal Reserve and the gangster bankers is the key to our economic recovery.  COMMON SENSE and KNOWLEDGE are just as important. WE THE PEOPLE have the power to cause REAL change, if we just use it.

SILVER- Stack It

Be Vigilant, Be TRUTH

10 comments to CREDIT CARDs, a hidden legal SCAM is MERCHANT ACCOUNTS !

  • Brian

    It’s a sure thing! For them. If you can afford to when you go to the bank pick a roll or two of dollar coins ($25 per roll). Use them to pay for your small transactions. I personally pickup a bag of $500 worth and use them for all my purchases <$10. The great thing as well is, $ coins are "Lawful money of the United States" (look that up: http://www.lockeanliberty.org/words-phrases/). They are NOT Federal Reserve Notes. By using them you are using NON-DEBT based money! They are minted under the authority of the coinage clause and not the Federal Reserve Act. Yes they are made from crap metal and not Gold or Silver but thats all we got at this time. Quit using plastic and where possible use dollar coins! The nature of the "money" itself is the problem.

  • THAT’s exactly correct, AND the right thinking. Imagine if, for even just one day, millions of purchases were made with coin only….now THAT is a great idea…..THNX Brian.
    Spread these truths to your address book, in conversation tomorrow when you pay for your inflated $50 gas fill-up with quarters….!

  • John

    That is truly a compelling read! I agree with your sentiment; if you can’t afford it, don’t buy on credit!

    • you have it correct, my friend. Behind the scenes and in the dark is where most crap happens. Those of us, and you seem to be one of us, who are truly aware of what is being imposed upon us can derive at conclusions enough to “pick” at the assumed sphere of influence until the curtain eventually falls. If that is your pic, you are a young man….stay the course.!
      STACK IT! ….Be Vigilant….Be TRUTH

  • Sonicboum

    Stopping the use of credit card is of no use at all. It wont stop the world collapse thats coming and it wont either bankrupt the “Bankers”. It will just be a pain in the ass for those who quit plastic for a bag of 500$ of coins… Waste of time and energy. While its basically a good and respectful idea, you better focus your time and energy on most useful project, like getting you and the ones you love prepare for the upcoming collapse of the Fiat world. Anyway, 95% of the money “the bankers” make and rob you of is pure fiction, it is a fruit of the collective imagination of the economic system.

    • “No use at all”….hmmmmm. I appreciate your comment and ‘cutting’ opinion. While I admit that this may appear as a ‘Band-Aid’ approach to covering a gaping wound, we must realize that, with enough Band-Aids, the wound is going to get covered. By the way, WHAT ARE YOU DOING?, what ACTION are you taking to defile AND expose the gangsters…..sounds like you are just concerned with yourself, but don’t misunderstand me, you likely wouldn’t be on this site if you were only a mere narcissistic shill. Keep in mind, by the way, just even for tomorrow, watch how many debit/credit/EBT cards you see that are given to merchants for purchases….NOW realize for each, that THERE is another nickel or even fifteen cents going to their coffers…NOW multiply that by about 100,000,000….nothing to joke at.
      Furthermore, I legitimately quit my $300 monthly commitment to my 401K over 3 years ago…… all $$$.$$ has been going into physical silver and a bit of gold since then, not forgetting ammo / crossbows / and even a few Wrist-Rockets. I also have about 18 months of food, located in 3 caches in two states, with a bit of ‘booty’ in between. Am in the process of going HF-Com….and much more that I am really just gonna just keep to myself, thank you. Then there is also the network of likeminded REAL friends scattered across this great Nation that keep our OWN network going. Yes, I may be playing with the devil, but cutting credit card use by 50% would most certainly put a dent in their attitude, admittedly not their purses [as they print all the fiat they need], one must remember and appreciate a “mind-F__K” [the elitists make mistakes when they really have to think] because there aren’t too many of us that make them recognize that some of us really are truly awake. We are also in a psychological battle with these despicable freaks. Again, …..what ACTION are you taking?
      STACK IT…….Be Vigilant …….Be TRUTH

  • Sonicboum

    Dear planet prison, I basically do the same as you…. Stacking up on silver, food, water, energy and knowledge…. Maybe not as much scattered food as you…. That’s because I lived in northern Quebec in Canada… Here, it’s f#**ing cold in the winter, there’s not many people, but we are very lucky to have THE most important thing in astronomical proportion after oxygen….WATER… In the snow, in the many many thousands lakes and rivers( got 2 lakes and 4 rivers near my home) and underground. While I admit being a bit “cutting” in my opinion, I truly think we play on the same team. What I meant was that its not that kind of action that will change anything…you don’t stop eating fast food because you’re tired of making Burger King richer but because you care about your health…yourself…In those days, it’s sad but we must focus our energy on us and what makes us stronger… In the next paradigm, now will be the time to get all together and make a better world. The more mentally, physically, emotionaly, wealthy people like you and I will survive the upcoming storm, the better the world will be cause we will naturally come together after the collapse, searching for people like ourselves and make the rest of the world thrive with us. Help yourself, then help other… We still need to do useful thing right now for others, and that’s mainly educating them, like you or Chris or David Morgan or many others are doing…if you want people to stop using credit card, they need to understand….and understand the whole picture not just a small portion of it… Hope we’ll talk again on some other blog. I enjoy people like you. You’re special…… And precious to humanity, don’t forget…..we the world will need you in a not too distant future!!!

    • Yes, Sonicboum, those of us who are awake and aware are doing what we can, when we can, while we can, as soon as we can….while we try to share what we know, about why we are doing what we can, with all who will possibly listen.
      As for convincing others to use plastic less, it is a relevant fact in our time to educate others as to the many, many ways that demonic banking system fleeces our dollars from us…and the ‘merchant fees’ dynamic for their usage is a topic that I find too few people are knowledgeable of and I feel need this information to help them understand the whole picture. These fees are essentially unregulated and completely out of control.
      The more ‘pieces’ of the current system that we can identify as part of the problem and target them to eliminate, the more likely that those ‘pieces’ shall not become a part of the next paradigm. It is a positive, ‘warm fuzzy’ feeling I get from our conversation here, as I believe our points are both well received. The underlying tone and subject of our discussion is one on a common theme… Ipsa scientia potestas est …KNOWLEDGE IS POWER
      I too, look forward to the next paradigm. I just pray that our time on this planet shall allow us the opportunity to shape it. If it is His will, it shall be. I also hope to run across your postings again …somewhere in this virtual parlor of varied rhetoric called the web. Your points on the subject ARE well taken, TRUE currency should not only be the value of its precious metal, but allowable currencies should also be of regional design and locally decided upon as having value for its intended use [tally stick].
      Sonicboum, we all have much work ahead of us and it appears that we have have some wonderful significant minds striving to get that work accomplished, selflessly. Hat tip to you my friend.
      Tu ne cede malis, sed contra audentior ito
      STACK IT .. BE VIGILANT .. BE TRUTH

  • Quicksilver

    I use a credit card, so that I can keep a lot more money invested in quick to sell off Bullion, not in idle cash sitting in my wallet or a bank account; even with cash discounts I would be a lot worse off (I know because I was forced to keep a lot of cash handy for a quarter one year); yes, this is selfish, however the retailers are up to their own tricks too which cost money, so I am not that sympathetic.

    I also regard a credit card as vital for on-line and phone purchases, because in the UK, it is legally the credit card providers risk until the goods arrive and are not found to be faulty for a period after purchase. This was worth it with PayPal, years ago, when they were obstructive over getting a refund from a retailer who failed to deliver a product I ordered or provide a refund, so with documentary proof, I was able to recover the funds via a chargeback from PayPal; suffice to say, I will never have another PayPal account.

    I will not do a bank transfer to any business unless they are in the UK and covered by UK banking law, period; even for business which sound OK.

    If you want this merchant scam to end, it will require revolutionary change in the banking system worldwide, to end fractional (often zero) reserve lending, and to put in place of credit cards another kind of trustworthy remote payment system.

  • …admittedly, your reasons, as you stated yourself, for using a ‘credit card’ are solely self-satisfying in order to justify the use itself.
    If you want this merchant scam to end, it will require revolutionary change in the banking system worldwide, to end fractional (often zero) reserve lending, and to put in place of credit cards another kind of trustworthy remote payment system.” …this statement alone tells EXACTLY the point of my posting. We are incumbered to participate in actions that are not in the ‘norms’ of the current system. What I simply propose here is a single method [and I welcome many more] that begins to send a message belonging to the ‘chain’ along which the simple use of a debit, credit, or EBT card completely feeds the global banking system.
    Sorry for the inconvenience when NOT using one of these cards……but NOT USING one/any, if done in even only a 10% participation of those of us who carry them, would MOST CERTAINLY, have a drastic effect upon the profits of those bankers…..not to mention a lesser cost to merchants [which I truly hope are regional or local for you, but it sounds like that isn’t the case for you] doing the transaction.
    LIBERTY and FREEDOM is not free. One must sacrifice dillusional ‘comforts’ in order to arrive at TRUE FREEDOM. From what you have stated here, I do not think you are quite ready to be FREE. I also do not think you are quite ready for a REVOLUTION within our monetary ‘convenience’ system that is stuffed down our mouth daily….but, you still have time to come around to the understanding that it takes to ‘let go’ of those belief in dillusional conveniences.
    STACK IT, PREPARE, BE VIGILANT, BE TRUTH.

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