Any input or details, besides the US Debt Clock Posts on X?
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Cash is the way! I recently saw a good explanation on this. If you pay your Barber $30, then they pay their grocer the same, and grocer pays their lawn service etc,etc,etc all in cash. That $30 always stays $30…. . If the same transactions are done with credit, every transaction takes 3-5% fee, therefore, after 30-50 transactions the same 30 dollars reduces to -0- in the consumers hand while the financial services gain $30. Before interest or membership fee’s. Brought to you by whom? Legislation.
Surcharging fee’s were a burden of the seller or the financial institution by law for the convenience prior to 2013. The changes created a whole new industry of processing. Think about this every time you swipe. It is not theft if you participate.