In “Secret History of the Credit Card,” FRONTLINE® and The New York Times join forces to investigate an industry few Americans fully understand. In this one-hour report, correspondent Lowell Bergman uncovers the techniques used by the industry to earn record profits and get consumers to take on more debt. “The almost magical convenience of plastic money is critical to our famously compulsive consumer economy,” Bergman says. “With more than 641 million credit cards in circulation and accounting for an estimated .5 trillion of consumer spending, the US economy has clearly gone plastic.” Millions of American families use their personal, general-purpose credit cards such as Visa, Mastercard, American Express and Discover to make ends meet; credit cards have been a discreet lifeline for families in financial straits. But other consumers, like actor and author Ben Stein, use plastic purely for convenience. While it would appear that Stein — who says he charges a small fortune every month on his credit cards — is the ideal customer, in reality, he is what some in the industry call a “deadbeat.” That’s because he pays his balance in full every month. The industry’s most profitable customers, the ones being sought by creative marketing tactics, are the “revolvers:” the estimated 115 million Americans who carry monthly credit card debt. Ed Yingling, incoming president of the American Bankers Association, tells FRONTLINE that revolvers are “the sweet spot” of the banking …
In an exclusive interview for Prison Planet.tv members filmed in Phoenix Arizona, lecturer and author David Icke explains how the panic-stricken elite are desperate to put the lid back on a global awakening that is stalling their agenda for world domination. Icke details how the irresistible force, the mass of humanity awakening to the global agenda, is coming face to face with what thinks it is the immovable object, the new world order. Icke explains how drugs, toxic food and electromagnetic pollution are all being ramped up in a last ditch effort to dumb humanity down to a sheep-like mentality so they can be more easily controlled. The biggest headache for the global elite is the fact that they are vastly outnumbered by humanity and thus are finding it more and more difficult to control populations, which is why they are pursuing genocidal measures of population reduction by attacking our immune systems via food, vaccines and other biochemical attacks, explains Icke, labeling “ludicrous” the fact that infants are being injected with no less than 25 different vaccines before they reach the age of two. Icke also recalls his 1997 meeting with a CIA agent during which he was told that microchips had been developed that were so small, they could be injected through a hypodermic needle, and that this was planned to be implemented via mass vaccination programs. Icke slams the swine flu scare as a complete scam, proven by the fact that patents for the vaccine were applied for …
This is a video overview of how to improve the timing of your trades using moving averages. The goal of the forex trading strategy is to align market and price action for the best chance of success when you pull the trigger. Video produced by FX Bootcamp, LLC (www.fxbootcamp.com
The EUR/USD pair tested the 1.40 level as yesterday’s FOMC meeting minutes show the Fed ready to undertake more quantitative easing while the ECB looks to exit its emergency stimulus measures. With US equities higher on earnings reports from Intel and JP Morgan, higher yielders like the Australian and Canadian Dollar rallied, pushing towards parity against the greenback. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad
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