Credit Cards

In the last few months, I have learnt a lot about central banks, in particular the Federal Reserve, our economies and how they function in the West. Then for some reason, the other day, I was at a Sanity store buying the 300 Collector's Edition, when it hit me. I don't know why it never hit me before. The purpose of a credit card is to provide you with credit, when you don't have any, or you are running low.

Well as any informed individual will know, the money that you use on a credit card is created out of nothing by the bank and then you have to pay them with your existing monies. So the bank wins by not only creating money out of nothingness, but then in the ultimate insult you have to pay them back with your hard earned money. To top that off, every dollar that is created by the bank to feed mine and your credit card debt contributes to inflation; inflation makes every dollar in the economy weaker which effectively makes the poor poorer and the rich richer. Since the rich have their monies in CD's generating interest that the lower and middle class feed them with the interest from their mortgage, they get richer in a inflationary environment. How awesome! Recently I was asked to put my saving's in a CD account, and I declined for precisely this reason. I don't want to be one of those people who benefits because of the less fortunate.

Thus, I have decided to never use my credit card again, unless I am in an emergency of course or if the retailer refuses to accept my EFPTOs card and what I want is really really pretty.

I don't know why it took me this long for that to hit me, sometimes I can be a bit slow but since my 4th code in life stipulates that I should 'be the change I want to see in the world', then I have no choice. I won't take part in the brazen attempt by banks and government to control us via the use of debt. Just remember, that it is the Central Bank's and every other bank's intention to put you in debt. A person in debt is much more likely to submit for work in a capitalist society to keep the economy pushing ever forward.

I don't won't to be a part of that game. My intentions are to rid myself of debt so that I can live without a full-time job. Only a mortgage to pay off before I reach that nirvana.

-Honest Arab