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2021-04-21 at 1:43 AM UTC
Originally posted by Jiggaboo_Johnson There are those that are exploited by the jedis and there are those that exploit the jedis…I never pay interest anymore…and I get points/cashback on all my purchases…
Pay $1000 cash or pay on credit?, pay on credit and settle it up immediately and get 2-5% back or points you can cash in…only the stupid and financially dumb pay with cash.
thats because you dont understand how credit industrial complex works.
the givernment(sic) prints out fictional money by issuing imaginary loans. the central banks distribute these imaginary loans to smaller banks which in turn distribute smaller amount of these loans to useful idiots and proles such as yourself.
when you buy a $100 dollar dildo with your credit card, you are exchanging that chinese made piece of dildo with imaginary, fictional, fantasy dollar that the FED says it has but have none in reality. ie, you have applied frauduellent purchasing power in the procurement of the said dildo.
but when you pays them back with your actual, labor induced, tear, sweat and blood earned money, you have legitimized the creation of that fictional 100 dollar that the FED, thru the treasury and the banks, created out of thin, CO² saturated air. you have directly legitimized a fraud.
in short, you and people like you are nothing but replicators for the dollar used in the judeo-financial complex. -
2021-04-21 at 1:45 AM UTC
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2021-04-21 at 1:50 AM UTCThey are going to put her brain in a robot body that looks like the terminator and she will rule Britain with an IRON FIST!!The following users say it would be alright if the author of this post didn't die in a fire!
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2021-04-21 at 2:32 AM UTC
Originally posted by Jiggaboo_Johnson There are those that are exploited by the jedis and there are those that exploit the jedis…I never pay interest anymore…and I get points/cashback on all my purchases…
Pay $1000 cash or pay on credit?, pay on credit and settle it up immediately and get 2-5% back or points you can cash in…only the stupid and financially dumb pay with cash.
The bank still makes money on every transaction, the merchant pays the network a processing fee that’s, surprise surprise, a few percent higher than your cash back. Your master plan is really just you being puppeted by your FI to jedi business owners out of money which in turn means they raise their prices by about how much they have to pay in processing fees meaning you’re still paying more in the long run, but marginally less so than people who actually pay with their own money.
I’m not even saying it’s not the correct thing to do, but you thinking you’re beating the bank with this scheme is fucking retarded. -
2021-04-21 at 2:35 AM UTCMastercard and Visa are unbelievable businesses. Owning such a massive chunk of the world's commerce, taking a cut from every transaction. I never really figured out who runs/owns them either.
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2021-04-21 at 12:14 PM UTC
Originally posted by Lanny The bank still makes money on every transaction
Not from me, from the seller of the item.
If I buy an item for $100 cash and I buy the same item on credit card for $95 (minus the 5% cash back...I have GAINED, they have LOST $5 (or whatever the banks % is) if I had paid cash.
The math is fairly simple...even for you.
The point was re: credit cards...not all ways banks make money.
Credit cards DON'T make money from me, I make money from them. -
2021-04-21 at 1:31 PM UTC
Originally posted by Jiggaboo_Johnson Not from me, from the seller of the item.
If I buy an item for $100 cash and I buy the same item on credit card for $95 (minus the 5% cash back…I have GAINED, they have LOST $5 (or whatever the banks % is) if I had paid cash.
The math is fairly simple…even for you.
Yeah, it is simple, which is why it’s strange you don’t seem to understand it. I’ll let you read this part again:
Originally posted by Lanny which in turn means they raise their prices by about how much they have to pay in processing fees meaning you’re still paying more in the long run, but marginally less so than people who actually pay with their own money.
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2021-04-21 at 1:39 PM UTC
Originally posted by Lanny which in turn means they raise their prices by about how much they have to pay in processing fees meaning you’re still paying more in the long run, but marginally less so than people who actually pay with their own money.
Apparently you don't understand the basics of how the transfer of money costs and charges works.
I as the buy of the product am paying for the product at the price set by the seller. I am NOT paying the bank anything, I am paying the seller...who pay the transaction fees.
Just like it's not your money paying the cops wages...once you pay your taxes...IT'S NO LONGER YOUR MONEY...If I buy an item for $100 it's not my money paying the transaction fees, it's the seller's money.
As an individual my ability to make money from using a cash back credit card in NO WAY sways the financial institutions from changing their policies or charges simply because for every person like me there are a million others who DO pay them money direction in interest payments.
As another example of that credit card companies RARELY follow up on credit card fraud (aka hunting down the person who stole the card etc) because it's simply not worth the time, effort and MONEY to do so when they are making vast profits out of the idiots who can't control their money.
Your logic is massively flawed on an individual basis because again..they ain't changing their charges/transaction fees simply because I am buying a $100 item and getting $5 back. I guarantee 100% that the seller would be charging me $100 regardless of my payment method.
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2021-04-21 at 2:39 PM UTC
Originally posted by Lanny The bank still makes money on every transaction, the merchant pays the network a processing fee that’s, surprise surprise, a few percent higher than your cash back. Your master plan is really just you being puppeted by your FI to jedi business owners out of money which in turn means they raise their prices by about how much they have to pay in processing fees meaning you’re still paying more in the long run, but marginally less so than people who actually pay with their own money.
I’m not even saying it’s not the correct thing to do, but you thinking you’re beating the bank with this scheme is fucking retarded.
do you really believes that these banks make money from a few percentages of processing fees ?
do you.
do you even know the profit-to-processing-fee ratio for, lets say masterrace card ? -
2021-04-21 at 2:41 PM UTC
Originally posted by Jiggaboo_Johnson
Apparently you don't understand the basics of how the transfer of money costs and charges works.
I as the buy of the product am paying for the product at the price set by the seller. I am NOT paying the bank anything, I am paying the seller…who pay the transaction fees.
you cant pay something with nothing. -
2021-04-21 at 2:42 PM UTC
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2021-04-21 at 2:52 PM UTCI'll give you another example.
I buy a product at mouser.com with a cost to me of $20 lets say.
I have multiple ways to pay, direct Credit card or Paypal for example.
The cost of the product is the same regardless of how I pay, $20...even though there are different fees involved.
Lets say for arguments sake the credit card company takes 3% and Paypal takes 4% that should alter the product price according to the "paying the jedis theory" ..but it doesn't.
Mouser.com eat the cost different which lowers their margin slightly. The cost to me is $20 regardless.
Now if my paypal account is set to make payments via my credit card rather than debit card...there are compounded fees..the credit card fee AND paypal fee to the SELLER....yet again, the price to me remains the same at $20.
I am not paying any more regardless of the method I choose to pay...however I WILL get cashback using a credit card vs a debit card. The cashback comes from the Jedis...not the seller.
Comprende? -
2021-04-21 at 2:56 PM UTC
Originally posted by Jiggaboo_Johnson Non sequitur as I didn't say that.
I said I am not paying the banks/jedis..the seller of the product is. Durrrrrrrrrr. Once I pay the seller for the product..that money is no longer mine..it's not MY money paying the jedis.
you didnt pay anyone anything because you have nothing.
in order to pay someone something you have got to first have that something thing.
a credit card has nothing. -
2021-04-21 at 2:58 PM UTC
Originally posted by Jiggaboo_Johnson I'll give you another example.
I buy a product at mouser.com with a cost to me of $20 lets say.
I have multiple ways to pay, direct Credit card or Paypal for example.
The cost of the product is the same regardless of how I pay, $20…even though there are different fees involved.
Lets say for arguments sake the credit card company takes 3% and Paypal takes 4% that should alter the product price according to the "paying the jedis theory" ..but it doesn't.
Mouser.com eat the cost different which lowers their margin slightly. The cost to me is $20 regardless.
Now if my paypal account is set to make payments via my credit card rather than debit card…there are compounded fees..the credit card fee AND paypal fee to the SELLER….yet again, the price to me remains the same at $20.
I am not paying any more regardless of the method I choose to pay…however I WILL get cashback using a credit card vs a debit card. The cashback comes from the Jedis…not the seller.
Comprende?
i think the essence of where your purchasing power came from escaped you.
when you swipe that card for a 100 dollar dildo, where did the money come from.
tell us. -
2021-04-21 at 3 PM UTC
Originally posted by vindicktive vinny
you didnt pay anyone anything because you have nothing.
in order to pay someone something you have got to first have that something thing.
a credit card has nothing.
Wrong, a smile is a payment for a kind word
A kind word is payment for smile
etc
Payment can be made in many ways other than monetary ones. -
2021-04-21 at 3:04 PM UTC
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2021-04-21 at 3:07 PM UTC
