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<p class=MsoNormal><span style='color:#1F497D'>John:<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>I use a credit card for about
everything I do. I pay it off twice a month by direct transfer from my
bank to Citi. I never have a service charge or an interest charge.
I do pay the same as everyone else who pays cash, but at the end of the year I
get a bonus back (as of my November statement that amounted to $277.xx).
It’s simply handier than making sure I have enough cash in my pocket for
anything that might come up.<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>At my job, I have a school
credit card and any parts, supplies, etc. that I need they want me to use the
credit card. The only other alternative is to request a purchase order,
the PO is sent to the supplier, I get my parts 5 weeks later, etc. <o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>I have to agree with you that
the debt thing is a true negative for us personally and for the economy.
However, credit cards used just as a easy way to move money around
electronically are extremely convenient. If the banks are willing to let
me use that service without charge - and in addition pay me back a bonus, I’m
certainly willing to do it. <o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>The other side of the electronic-funds-transfer
story!<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>dave<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><o:p> </o:p></span></p>
<p class=MsoNormal><span style='font-size:10.0pt;font-family:"Arial","sans-serif";
color:#1F497D'>____________________</span><span style='color:#1F497D'><o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'>David M. Porritt, RPT<o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'><a href="mailto:dporritt@smu.edu">dporritt@smu.edu</a><o:p></o:p></span></p>
<p class=MsoNormal><span style='color:#1F497D'> </span><span
style='color:#1F497D'><o:p></o:p></span></p>
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<p class=MsoNormal>Begin rant:<o:p></o:p></p>
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<p class=MsoNormal><o:p> </o:p></p>
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<p class=MsoNormal>(And if all debt were repaid, there would be no money in
circulation -- it would all be in the banks! It's our glorious debt-based
money system..hard at work to screw you. I mean, <span
class=apple-style-span><i>serve</i></span> you. Ick!)<o:p></o:p></p>
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<p class=MsoNormal><o:p> </o:p></p>
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<p class=MsoNormal>I don't even have a credit card - just a couple of debit
cards.<o:p></o:p></p>
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<p class=MsoNormal><o:p> </o:p></p>
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<p class=MsoNormal>Living within one's means is the best way to go. Once
we realize that the latest toy is just the latest toy, and won't truly satisfy
us, we'll start looking for the things that really do satisfy.<o:p></o:p></p>
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<p class=MsoNormal><o:p> </o:p></p>
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<p class=MsoNormal>The borrower is slave to the lender. And, when the
banks cause the next depression, the master will come to collect from the
slave. Then the slave has to give up his borrowed "property"
that he has been merely renting from the master. <o:p></o:p></p>
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<p class=MsoNormal><o:p> </o:p></p>
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<p class=MsoNormal>End of rant.<br clear=all>
<br>
-- <br>
JF<br>
<br>
<a href="http://www.formsma.blogspot.com" target="_blank">www.formsma.blogspot.com
</a><o:p></o:p></p>
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