Loading ...Well I know one reason cash is no longer king. They can get much more from you if you buy things on credit instead and it seems like banks are practically trying to give out credit cards and think offering you 17 percent interest is a favor instead of 29% They’re creating a inflated environment where people will need it..
People are going to have to learn to pay cash if they can and stop letting banks and businesses use them like free ATM machines or blood suckers.
Some business are building debt traps around it particularly housing and big ticket items like cars and financing contributes increasing prices like student loans did to the cost of education or health insurance to costs of health care, once they developed credit systems like loan sharks of some form the prices rise. It’s not a war on cash is a war on your ability to hold on to that cash and creating a illusion it’s costing less and doing you a favor for paying more for everything.
Here’s a example how desperate they have become.
My daughters husband has learned yesterday you have to be quick sometimes.
I decided to help my grandson which he didn’t ask but decided to help him get a car for a new job instead of financing when they really take advantage on interest rates costing you much more for that car.
After checking the car and negotiating the price and the usual bait and switch on the price I wasn’t going for so they handed the phone to him because they were afraid to talk to me after the switch thinking that will do it but I told him to walk so they went back to negotiated price. By the time he finished the banl was closed. I couldn’t call in to approve more money than I set daily and would rather have it that way for security reasons but it was Sat a weekend . So when they found out I was paying cash they asked for a deposit so gave them a deposit on my card. He had all the papers and receipts. When he returned on Monday after work after I called the bank to get a temp higher amount. So he goes back to find that they ” accidently,” sold the car on Sunday. Accidently my arse. I said they financed it didn’t they and he said exactly and I told him they wanted more money than they can get with cash. It turned out fortunate because during that time I kept looking and found a newer model they could of got for less than that one. I warned them next time to make it earlier and don’t tell them it’s cash till ready so sign over the car.
Cash is no longer king.