With the rise of cryptocurrencies as another digital cash alternative, you may be wondering if and when cash will no longer be part of our everyday lives. Even with internet sales led by Amazon growing quickly, e-commerce represents less than 10 percent of all retail transactions. That number is down from 40% in 2012, according to a previous report. On average, an American between the ages of 18 and 65 has $4,717 of credit card debt.īased on the Federal Reserve report, cash made up 31% of all transactions in terms of volume in 2016. Americans held a total of $721 billion in outstanding balances on credit cards, according to the Federal Reserve. Over 75 percent of Americans have at least one credit card and 44 percent of households with credit cards hold balances. Divide that by 365, and we have a lower bound of at least around US$46 billion a day changing hands between investors, producers and consumers of goods and services. domestic economy in a year, was approximately $16.8 trillion in 2014. GDP, the total value of all money spent in the U.S. Here are more facts I found on Google search: Add to that the accrued interest of 15% average on the unpaid balance due at the end of each month. Multiply that by about four-billion transactions a day and you get about fourteen-billion dollars pouring into the banks every day. Every time we swipe our credit cards the merchant has to pay 3.5-4% of the purchase to the bank. Life is the only thing that’s free, other than air-although living in America is taxable, and childbirth can be e xpensive ($3500 avg), as well as funerals ($9000 avg), plus the cost of a cemetery plot-all of which are taxable.Ĭredit card interest is one of the Cabal’s greatest sources of wealth. Money is considered as sacred as life itself, if not moreso. The Cabal, which controls the interest rates on loans and credit cards, has put a toll on this highway to happiness, and one needs credit in order to travel on this road to cash in on the American Dream.Ĭredit and debt are what create our monetary system. US citizens pay dearly for them in taxes and high interest rates. ![]() However, these rights are not entirely free. In America, citizens are granted constitutional rights to life, liberty and the pursuit of happiness. Let’s see how this holds up in real time. The hero has to defeat the nemesis in order to cross the threshold and seize the goal. For those seeking enlightenment, it’s the discovery of one’s authentic divine Self.Īccording to the story of the Hero’s Journey, the Elixir of Immortality is guarded by the “Guardian of the Threshold,” the nemesis, and held out of the hero’s reach. For Christians and other religions, it’s the promise of eternal life in the hereafter. ![]() The goal in “The Hero’s Journey” is attainment of the “Elixir of Immortality.” For Americans, this elixir could be the hopeful American Dream, or our promised constitutional rights to li fe, liberty and the pursuit of happiness.
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