The phone rings. An unfamiliar number shows up on the screen.
“Hi, this is XYZ from XYZ bank, how are you doing Sir?” the phone barked.
“Fine” I said coldly.
“Sir, we have noticed that while you are paying your monthly minimum amount, you are not using your card for new transactions” the corporate brightness shrieked through the phone.
“Well I had a pay raise so now I use more cash” I interrupted him with my cold tone.
“Oh, well if you have more salary now, we can give you a limit increase” oh so benevolent chirping sound…
“Nope, its just that I don’t plan using your card much” I said mockingly.
“Why is that Sir?” confused he was, “Are you not satisfied with our service?”
“Well if you want to know, I am not” I sure was rude, “Every month, I end up paying almost 50% markup, when your marketing campaigns give a different impression. I have realized that credit cards are of no help.”
“Sir, I am sorry that you are disturbed, but we charge according to the terms and conditions which you agreed while signing up” he said politely.
“I am not blaming you dear” I said firmly.
“Alright sir, whenever you want any help, we are here for you” he knew he had to give up, “Allah Hafiz”.
“Bye” I hung up.
A few months back, when I had almost replenished the limit of my credit card, the same bank was keeping me on my toes. Every month, almost all of my salary was paid back to the banking system. Almost 50% of my bill amount contributed towards the markup. Since I didn’t have any cash, I ended up buying more on the credit card. And not to mention lack of consideration in budgeting and spending, because well, I had a credit card…
Then I knew that things had to change. And they did! If things go well, I plan to cancel all my credit cards in 3 months time. And things will go well. The nature is prevalent.
The banking systems employ a lots of mathematics and prediction models to calculate different markup percentages of different products for different income groups. These banks prototype you, and other corporates manufacturing consumer goods come to their aid. The whole central banking system is there to ultimately protect the commercial and investment banks on cost of unemployment and rise in food prices.
Why can’t people see? Why can’t people hear? And why can’t people speak out?
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