GIANT FRAUD BY THE:

CREDIT CARD CARTEL

The extent of the fraud against retailers, against all business owners, including every major and minor corporation in the country that is in the retail business,  every single business that accepts credit cards, is so vast that it defies estimates and an adequate description.  It goes far beyond my limited capabilities to truly document it, to do a proper historical research, to come up with facts and figures year by year.  I can do little more than to continue to raise the alarm, to alert those who are in a better position than I to write books and articles of a professional nature that will awaken the nation and the world to the economic implications of this scheme.  It victimizes and dehumanizes all of us, but enriches the international banking industry to the tune of hundreds of billions, even trillions of dollars. Companies, both large and small from one end of the country to the other, are made, involuntarily dupes of this scheme by the Credit Card Cartel, but few have the power to fight back, but even they don't because the real power is in the hands of the financial institutions, and their money can well influence or control Congress.  As unsuspecting and involuntary dupes, the submissiveness of the large corporations lend credence to the legitimacy of the scheme and aid the Credit Card Cartel in victimizing those of us who would resist, other retailers, wholesalers and consumers too.  They take away the options or "choices" from the business owners, impose restrictions upon them, and take control of refunds and complaints to the detriment of the involved businesses.  They have made no investments in our businesses, yet they have become our silent partners, as well as the arbiters in customer disputes, acting as both judge and jury. All the while they relentlessly, like maggots, eat into the profits of all businesses accepting plastic with their particular logos on them.  Thus, they control our sales, as well as our inventories, and this is by this well-planned and executed system of bribery, as I have charged over and over again.

They often aid crooks in profitable frauds and scams against businesses, as well as supporting the criminal enterprises that are perpertrating such frauds. All the while they do protest that they are innocent parties to these crimes. All I can do, as an individual, though, is the same as the child in the fable about the King Who Had No Clothes, just keep saying out loud, "The King doesn't have any clothes on.  The King has no clothes!"  In time a few, then many will stop and think, and eventually realize the extent of the fraudulent aspect of the Credit Card Cartel, and then, perhaps, join in the fight against it. Yes, the Banking Industry is in a conspiracy with the Credit Card Industry; they are actively defrauding us with a scheme in which they use bribery, and just as it is clearly defined in every dictionary, as well as in law.  That we are being bamboozled, cheated and swindled with a simple small device made of plastic, the credit or charge card, should be clear.  That little piece of plastic gives them the combination to our safes and our money; what more could a crook ask for? Obviously the original pattern for this swindle came from the old business-building devices of a premium nature, Green Stamps, Gold Stampsand Blue Chip Stamps, which were used extensively by stores back in the 1930s. Those stamps were paid for and handed out by retailers; it was they, themselves, who paid the costs of the program.  A gift?  A premium?  Yes, it was.  That was all legitimate and it helped to bring in new customers, and created a customer loyalty program for the stores that issued them.  It meant a strong client base for the businesses involved, but it was not devious, it was voluntary on the part of businesses, not involuntary and mandatory as it is today.  It was competitive, for they had both Green Stamps and Gold Bond stamps, and you could choose either or none.  You weren't compelled to participate, and you weren't swindled out of your profits as they're doing its today.   Click Here to Return to Home Page