Plan To Limit Debit Card Spending To $50. In The Making

From CNNMoney.com

Here's another very good reason to use cash, not a debit/credit card, for the duration of time that is remaining.

 While those of us who believe in the Word of God are waiting for that "son of peridition", or "the anti-christ" to be exposed, satan's little helpers, the New World Order "globalists" have a scheme to control your money, so you cannot "buy or sell" using your debit/credit card, except for a very limited amount of money.   The plan is to limit debit card spending to $50. A person with a family of even one child could not even buy enough food to feed three people with $50, at today's food prices, or fill up the gas tank.

This is a perfect ploy to control everyone's finances until a "cashless society" and  the system of the mark of the beast is fully implemented so that

"He causeth all, both small and great, rich and poor, free and bond, to receive a mark,in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name." Revelation 13:16-17.

JPMorgan Chase, one of the nation's largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal. And the cap would apply even if you run your debit card as credit.
Why? Because of a tricky thing called interchange fees.

Right now, every time you swipe your debit card your bank charges the retailer an average fee of 44 cents, which it shares with its partners. Those little fees, however, add up to about $16 billion per year, according to 2009 data from the Federal Reserve.

But as part of the Wall Street reform legislation that was passed last year, these fees are being slashed. The Fed is currently proposing rules that would go into effect in July and would cap interchange fees at 12 cents. Read More　

Spread The News
 
To share this post, click the "share icon" at the end of the post.