Are the credit card companies who extend us credit, tightening their belts? It seems like no one is immuned. People who have paid their credit card bills, now have to worry about which store they shop in for fear that American Express will decline them any more credit. Even worse, they will decrease your credit, which in turns lowers your credit score. This according to a piece on GMA yesterday morning. Also Fabolous, according to Bossip, had to pay cash for his champagne, along with his entourage, due to none of the 5 credit cards he used were accepted.
The United States has been turning into a cashless society for a long time. You are at the hands of the companies who are providing that cashless society. Cash is still king and we as Americans should find and keep cash. It may come down to bartering someday, if we can't get credit and the cash is not worth the paper it is printed on. What are we really worth?
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