Monday, November 24, 2008

Part 1: How many credit you have?

In today context, credit card no long a luxury however is a must. We pay our air-ticket, Internet bill, phone bill, housing loan, car loan, student loan, personal loan, Ikea or Courts furniture, Pak Tohing expenses and many more to be mention. Just take out your so call Plastic Credit Card and someone will swipe your card on a machine. The purchase transaction is done when you signed on the doted line. Wola within a minutes magic does happen between you the buyer, the retailer and the banker. When you walk out loaded huge carrier with "wind" all party are satisfy and happy. This is because you are given 5-10% discount for the rebate. On the other hand the retailer get profit of 30-40% depend on case to case basis. Finally the banker earn 3% for the service provided or even up to 24%p.a. if you are minimum monthly paymaster. Don't be too surprise this happen everyday and who know you are one of them. Here are the clip of Money As Debt:
Enjoy the clips ^^
1. Money As Debt 1: what money is & why we are bankers' slaves
2. Money As Debt 2: what money is & why we are bankers' slaves
3. Money As Debt 3: what money is & why we are bankers' slaves
4. Money As Debt 4: what money is & why we are bankers' slaves
5. Money As Debt 5: what money is & why we are bankers' slaves

Without beating around the bush, here is the hot potato: Money is being created not by our governments, but by a private monopoly run by the (private) banking corporations.

How many credit cards you have? The more the merry :p To be continue..

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