Where I think the deception is mostly with the banks is with checking
account depositors. I think by state law( not federal) they should
have to disclose to each customer the fact they the bank lends out
money in checking accounts and tell each customer how much actual
cash they keep on hand.
States have the constitutional authority to do the above if their
state constitution allows for it and they should require the banks to
educate their customers.--- In [email protected], "Nicolas
Leobold" <[EMAIL PROTECTED]> wrote:
>
> Is it unethical to sell credit card machines and service?
>
> Many libertarians and certainly most Liberty Dollar activists rail
against
> the current debt-based system, of which credit cards are so much a
part.
>
> Recently I was presented with an opportunity to sell credit card
processing
> and equipment for a very high commission structure, and as I am
looking for
> additional income I am moving forward with pursuing this.
>
> The way I see it is, credit cards are not un-libertarian and anti-
liberty
> per se. It is possible to have credit cards and credit lending
while still
> having a silver and gold standard and economic liberty and self-
ownership,
> although we don't have this right now.
>
> So what do you in the libertarian community think of this? Is it ok
to take
> this job or should I feel guilty about perpetuating the credit card
economy
> house of cards and facilitating more debt and more power for the
banking
> industry, if in fact that is what I would be doing?
>
> Thanks for your thoughts,
>
> Nic Leobold
>
> www.NicLeobold.com
>
> www.RonPaulDollar.com
>
> www.SerfCity.us
>
>
>
>
>
> [Non-text portions of this message have been removed]
>
