Americans Reject Credit Cards This Holiday Season


Many years ago people used that old fashioned item called cash and as we were all told ” Cash Was King” and ” Another Day Another Dollar” but then the days of the credit card were upon us , but it crept upon us very quietly without us knowing with the advent of the bankers card for use of cheques and at the bottom the word’s Vis’a and we were given a small piece of paper with writing so small to the naked eye that very few people ever decided to read it, so the stealth bomber of debt was set.

Many years later and just when we needed it with the help of consumeris­m and the fact that any country was built on how much people spent the credit card companies started to rise, like a phoenix from the ashes and instead of the word -DEBIT [ meaning l have the money in my account] the word CREDIT [meaning buy now and pay later] and so we did in droves building debts up to points that took us into or closer than before to our so-called credit limit.

Now you would have thought at this point they would say enough was enough and limit us to only what we paid off, but know greed had set in and everyone climbed on the band-wagon as credit limits exploded and people were spending more than they could really afford.

So about time l say.
Read the Article at HuffingtonPost

Americans Reject Credit Cards This Holiday Season


Anyone following the changes in legislatio­n and also how credit card companies can see the writing on the wall for big debt may wish to read this at http://www­.nytimes.c­om/2010/12­/18/your-m­oney/18mon­ey.html?_r­=1&nl=your­-money&emc­=your-mone­yema2
Read the Article at HuffingtonPost

Hedge Funds May Skirt Direct Fed Supervision


Any hedge fund has been constructe­d by either the bank or financial corporatio­n that decided that it would as it states, hedge its bets. The fact that it enables the investor to allocate their investment capital into various areas of investment­, usually via advice from the bank, does not preclude the fact that the investment can be geared in such a way as to enable the banking institutio­n to make money either way.

The reason for phrases like the investment can go up or go down is not mean’t for the investor’s protection but to enable the bank to make money either way, but also give’s some investor’s a feeling that they have had good advice, whilst their pocket’s are being picked clean.

The other day l thought of a new hedge fund that l would like to call ” The Artful Dodger Fund ” as they are just like dodger in so many ways always creating ways to avoid being caught and at the same time robbing Peter to pay Paul.

This is just another way of avoiding paying the piper and as we all are beginning to say that paying the price of their investment strategies­, is enabling the rich to get richer whilst the poor get poorer.
Read the Article at HuffingtonPost