Christmas Gloom For Lenders Is GREAT NEWS for US!
What? no New Year's INTEREST ORGY?!!
TOO BAD!!!
Tis the season to STICK IT to them!
SAVE, not spend!
But, if you really must SPEND, and you REALLY, TRULY want to stick it to them this Christmas;
then withdraw CASH from your bank accounts and use ONLY CASH to pay for all your Christmas needs!
THIS will send them into a frenzy of anxiety and vexation! They'll pull all their hairs out by New Year's!
Thanks to a thing called fractional reserve banking, they can create credit from THIN AIR and charge you and me INTEREST!
But, THEY pay INTEREST (albeit a low rate) to the US Treasury on every dollar that actually circulates.
So, when you pay in CASH; they get a dose of their own medicine!
posted by qrswave @ Thursday, December 01, 2005
2 Comments:
Does a debit card count as cash?
I DOUBT IT.
If you want to make sure that your bank gets a dose of its own medicine this Christmas, and PAYS INTEREST on the money you earn and circulate, then there's no better way than to CASH your pay check; and pay all your vendors in CASH.
Then, tell your vendors the deal and recommend that they too exchange their goods and services for CASH only.
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