Pilfering our pockets, banks will maintain that they are merely recouping lost income….
Here’s a tidbit to clarify the tilt in our thinking: “The thirteen-digit ($1,250,000,000,000) number that’s being tossed around – the chin-scratching classes like to speak of ‘systemic risk’ – is designed to convince us little people that there is a crisis at hand and therefore, if we somehow end up paying for it, it’s for our own good. In other words, to save the king’s castle, it is necessary to destroy the people’s village.“
Credit cards have long been a critical tool for small business. This particular squeeze is market repression.