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credit cards
Former Member
Posts: 1,876,323 The Mix Honorary Guru
I have a credit card but kind of went a bit mad on it and now paying the price. I want to switch card and transfer my old balance onto a new one that offers free balance transfers for a certain period of time. Does anyone have any suggestions'? Just so you know I am 19 and earn about £9,500 a year. (just mentioning that becuase with a mint card you have to earn over £10K).
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try capital One or MBNA for a 0% deal. They'll give cards out to anyone. If you don't have a credit card through your bank, try them too.
I'd also suggest going and talking to your bank about a possible loan.
An interesting point about credit cards is that they don't lend you money.
Because the banks word is treated as good as money by most people, they just write down that they have the money when they really don't. As money is just paper with a promise written on it, they can make more of it at will. And they do. You promise to pay them, they promise to pay the central bank, the central bank promises to pay the retailer or whoever.
Since the 30's that promise has been unredeemable, so the whole thing is fraud. No one gives a shit though, so don't worry about it.
Same with mortgages. The bank takes your title deeds and hypothecates the money (that is creates it from nothing) adds it on to it's total debt and keeps the fraction of the total that it really needs for day to day use.
Ace.
The way the robbing cunts have it structured, if only about 10% of us went and asked for all our cash on the same day, the whole thing would go tits up.
This is the reason that you will see haefty penalties or even attempted refusals if you try to take out large amounts of cash from a small local branch.
They purely and simply do not have the money they say they have. And they still make "loans". It's pretty obvious if you think about it, we are a trillion or so in debt and if that was actually printed and lying around the place, we'd all be knee deep in moolah. Every flat surface would be covered in it.
Good lord, *everyone* knows this. It's plainly obvious that there's not really actual gold to cover the printed money. However, since we don't all walk around with pockets of gold, and, if you tried to pay someone for their services in a quantity of solid gold nuggets they'd probably look at you like you were on another planet, I think that we can safely say that the money that the banks print does have a value, because every normal person says it does.
Please don't encourage klintock's inane ramblings.
What ARE you talking about?
Printed money doesn't entitle you to gold. It doesn't entitle you to anything except a promise for another promise and hasn't for 60 or so years. It has a perceived value, mainly created through your ability to stop being terrorised through the government by giving it to them.
I am not talking about printed money either. I am talking about the bank just writing "we have £300,000" on a computer screen and then acting as if it's true. When they do this, is any money "lent" to you?
If you still think that "money" is a promise to get you anything e-mail the bank of england -
http://www.bankofengland.co.uk/about/history/index.htm
Lists how they did the fraud in the past and how they do it today.
http://www.bankofengland.co.uk/contact.htm
The best advice is to cut up your credit cards and not spend beyond your means in the first place.
I'd definitely agree with that - was just advising on what to do if you already have a balance.