Happy Corporate Holidays, America!

By Barbara H. Peterson
Farm Wars

'Here we go again folks. It’s that time of year when we show our holiday spirit by plunging headlong, eyes wide shut, into personal debt to support China and other countries while our own America slides further into economic chaos. But don’t let that stop you. By all means, go out and spend that last dime on the credit card for a Taiwan trinket. The credit card company will probably be more than willing to increase your limit. Just don’t miss a payment. Can’t pay? Too bad. We’ll simply increase your interest rate and tell all the other credit card companies so that they increase your interest rates also.'

Read more...

>>>READ MORE

Financial Slavey is Bad for Your Health: Credit-Card Fees - the New Traps

'A new federal credit-card law that takes effect Monday could erase billions of dollars a year in fees and interest charges paid by consumers. But card issuers are already deploying new tactics that could prove costly for even the most cautious cardholder.

Banning these and other profitable tactics is expected to cost the card industry at least $12 billion a year in lost revenue, according to law firm Morrison & Foerster. This has sent the industry scrambling to find new sources of revenue. So get ready for higher annual fees, higher balance-transfer charges, and growing charges for overseas transactions.'

Read more...

>>>READ MORE