Why has Sen. Dick Durbin, D-Ill., declared war on credit cards?
Americans are in love with paying with plastic.
Perhaps too much so – given that credit card debt now exceeds $1 trillion.
Get the hottest, most important news stories on the internet – delivered FREE to your inbox as soon as they break! Take just 30 seconds and sign up for WND’s Email News Alerts! But paying with plastic has become a sort of American pastime – so popular and convenient (especially reward programs that offer cash-back payments, frequent flyer miles and other discounts) that there are now an estimated 500 million to 1 billion credit cards in circulation and close to another 1 billion debit cards. This means there are multiple more credit and debit cards than there are adults in the U.S. TRENDING: Teacher knocked out cold after student throws metal chair at her head That’s a big […]
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It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
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