Commodity Trade Mantra

Posts Tagged ‘American Express’

A Respectful Disagreement With Warren Buffett About America

Warren Buffet sees a different America than I do and untold millions of people do too. I think if we all had the special privilege, access & benefit that Warren Buffett enjoys, we too would all be jumping for joy about America. But Uncle Warren lives in a different America – the America of the past.

Usurious Returns on Phantom Money: The Credit Card Gravy Train

The credit card business is now the banking industry’s biggest cash cow, and it’s largely due to lucrative hidden fees. Visa and MasterCard are independent entities, but they were set up by big Wall Street banks, and the card-issuing banks get about 80% of the fees.

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