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Editor’s Note: Many thanks to reader E. For sending in this share!🌹
And just “who”owns the credit card companies? If you follow the $$, it all ends up…in the banks! Where do the banks get their money? The Federal Reserve. Where does the Federal Reserve get $$? It prints money on paper.
What “backs up” the value of paper? NO-THING!! We are using “fiat” money, which is NOT backed by gold, or any other precious metal. Who owns the Federal Reserve, Inc.? This is NOT owned the US gov’t, it is owned by a group of 13-families!
Our global finances are changing, stock up if you can, get cash if you can, buckle up, and grab that popcorn!
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March 15 (Reuters) – A federal appeals court on Wednesday upheld a $5.6 billion antitrust class-action settlement with more than 12 million retailers that accused Visa Inc (V.N) and MasterCard Inc (MA.N) of improperly fixing credit and debit card fees.
The 2nd U.S. Circuit Court of Appeals in Manhattan rejected claims that a class action should not have been certified because of confusion over who deserved compensation, and that the $523 million of legal fees awarded to the retailers’ lawyers was too high.
Among the objectors were a group of gas station operators for oil companies such as Chevron (CVX.N)and Shell (SHEL.L).
The operators and the companies both claimed to have been injured after accepting Visa and MasterCard for gas sales.
Circuit Judge Dennis Jacobs said that although their dispute may need to be resolved in court, it was “no reason” to delay payouts to other class members.
The settlement resolved claims that Visa and MasterCard overcharged retailers on interchange fees, or swipe fees, when shoppers used credit or debit cards, and barred retailers from directing customers toward cheaper means of payment.
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File a Claim
https://www.paymentcardsettlement.com/en
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Rose Rambles... 