The idea for credit cards first came about in 1887 in a book called Looking Backward by Edward Bellamy where he used the term 'Credit Card many times. In 1914, Western Union had implemented charge cards which it issued to some of its better customers.
Trivia: What entrepreneurs used credit cards to finance their business (source: Wikipedia)?
Larry Page and Sergey Brin of Google
Robert Townsend filmmaker
Kevin Smith director
Richard Hatch producer
Bruce Kovner hedge fund manager
Spike Lee director, producer, writer, and actor
Here are some credit card companies that you might want to charge ahead with.
Morgan Stanley (MS) just spun off its Discover Card (DFS) business, which it had owned for several years. The Discover Card was originally developed by Sears. Discover has a P/E of 17 and the company has been growing at over 15% per year, accoring to CEO David Nelms.
American Express (AXP) is the financial conglomerate that offers the famous American Express card, travellors checks, gift cards, gift checks, prepaid cards and merchant services. They also offer banking, investment and travel services. The stock's P/E is 19.7, the PEG is 1.44, and it yields about 1%.
MasterCard (MA) just went public in May of 2006. Its card brands include MasterCard, MasterCard Electronic, Cirrus, and Maestro. It has a very high P/E of 160, a PEG of 2.01, and a small yield of 0.4%.
Barclays (BCS) is the British financial services company, which offers banking services, investment banking, and credit cards, primarily the Barclaycard. The stock has a P/E of 10 and a yield of 5.1%. They have been paying dividends twice a yeaar for 20 years.
Citicorp (C) owns Diners Club, which was first independent credit card company in the world, founded in 1950. The Diners Club trademark, was acquired by Citibank, a division of Citicorp, in 1981. In 2004, the company set up an alliance with MasterCard (MA). Citibank also owns Carte Blanche which issues the Diners Club Carte Blanche Card. Citicorp's P/E is 12.4, the PEG is 1.15, and the yield is 4.2%.
VISA plans on going public next year.
Author owns MS and DFS.
By Fred Fuld for Stockerblog.com
Edward Bellamy was a horrid socialist and when he used the term "credit card" he was talking about a ration card under his authoritarian socialist dystopia (a system that helped to inspire the Union of Soviet Socialist Republics, etc). He hated capitalism and his use of the term credit card had nothing to do with credit cards as we know them.
ReplyDeletePledge of Allegiance pictures http://rexcurry.net/pledge-allegiance-pledge-allegiance.jpg and Swastikas pictures http://rexcurry.net/swastika3clear.jpg expose shocking secrets about American history.
Socialists in the USA originated the Nazi salute, robotic group-chanting to flags, Nazism, flag fetishism, and the modern swastika as "S" symbolism for "Socialism." http://rexcurry.net/pledge2.html
Much of that history is the history of the Pledge Of Allegiance.
Those historical facts explain the enormous size and scope of government today, and the USA's growing police state. They are reasons for massive reductions in government, taxation, spending and socialism.
The "Nazi salute" is more accurately called the "American salute" as it was created and popularized by national socialists in the USA. It was the early salute of the Pledge of Allegiance. The Pledge was written by Francis Bellamy. http://rexcurry.net/pledgetragedy.html Francis Bellamy was cousin and cohort of Edward Bellamy. http://rexcurry.net/pledgebackward.html Edward Bellamy and Francis Bellamy were self-proclaimed socialists in the Nationalism movement and they promoted military socialism.
They wanted the government to take over education and use it to spread their worship of government. When the government granted their wish, the government’s schools imposed segregation by law and taught racism as official policy. The official racism and segregation was a bad example three decades before the National Socialist German Workers Party, and decades afterward.
The Pledge was mandated by law in government schools for three decades before, and through, the creation of the National Socialist German Workers' Party. http://rexcurry.net/bellamy-edward-karl-marx.html
see photo of Pledge of Allegiance http://rexcurry.net/USA-pledge-of-allegiance-rexcurrydotnet.jpg Pledge of Allegiance.
Many people do not know that the term "Nazi" means "National Socialist German Workers' Party." Members of the horrid group did not call themselves Nazis. In that sense, there was no Nazi Party. They also did not call themselves Fascists. They called themselves socialists, just as their name indicates.
The historian Dr. Rex Curry showed that the early Pledge Of Allegiance did not use an ancient Roman salute, and that the 'ancient Roman salute' myth came from the Pledge Of Allegiance. The discoveries have been reviewed and verified on wikipedia http://rexcurry.net/roman-salute-metropolitan-museum-of-art.html
The original pledge was anti libertarian and began with a military salute that then stretched out toward the flag. In actual use, the second part of the gesture was performed with a straight arm and palm down by children casually performing the forced ritual chanting. Due to the way that both gestures were used sequentially in the pledge, the military salute led to the Nazi salute. The Nazi salute is an extended military salute via the USA's Pledge Of Allegiance.
Media coverage about the discoveries continues to grow http://rexcurry.net/audio-rex-curry-podcast-radio.html
Fan mail for work exposing the Pledge’s poisonous pedigree is at http://rexcurry.net/pledge_heart.html
And listen at http://odeo.com/audio/1747108/view
The Pledge's early salute caused quite a Fuhrer/furor. The dogma behind the Pledge was the same dogma that led to the socialist Wholecost (of which the Holocaust was a part): 62 million slaughtered under the Union of Soviet Socialist Republics; 49 million under the Peoples’ Republic of China; 21 million under the National Socialist German Workers’ Party. It was the worst slaughter of humanity ever.
People were persecuted (beatings, lynchings, etc) for refusing to perform robotic chanting to the national flag at the same time in government schools in the USA and Germany (to the American flag, and to the German swastika flag).
American socialists (e.g. Edward Bellamy and Francis Bellamy teamed with the Theosophical Society and Freemasons) bear some blame for altering the notorious symbol used as overlapping S-letters for "socialism" under the National Socialist German Workers Party.
http://rexcurry.net/swastika3clear.jpg
The same symbol was used by the Theosophical Society during the time when the Bellamys, Freemasons and the Theosophical Society worked together to promote socialism.
http://rexcurry.net/book1a1contents-swastika.html
They also originated and helped to spread the stiff arm salute via the Pledge of Allegiance at their meetings.
As German socialism's notorious flag symbol, the swastika was deliberately turned 45 degrees to the horizontal and always oriented in the S-direction. Similar alphabetic symbolism is still visible as Volkswagen logos. http://rexcurry.net/swastika-audi-logo.JPG
The bizarre acts in the USA began as early as 1875 and continued through the creation of the National Socialist German Workers' Party (German Nazis or NSGWP). American soldiers used the swastika symbol in WWI (against Germany) and the symbol was used by the American military during WWII. http://rexcurry.net/45th-infantry-division-swastika-sooner-soldiers.html
The NSGWP had clear roots in National Socialism promoted by socialists in the USA. Amazing graphic images that prove the point are at http://rexcurry.net/theosophy-madame-blavatsky-theosophical-society.html
The USA is still the worst example in the world of bizarre laws that require robotic chanting to a national flag in government schools (socialist schools) every day for 12 years. It has changed generations of Americans from libertarians to authoritarians. The government bamboozled individuals into believing that collective robotic chanting in government schools daily is a beautiful expression of freedom. http://rexcurry.net/book1a1contents-pledge.html
I was surprised that the idea for credit cards came so many years ago. This idea is developing and developing. It's great that now we have a possibility to choose among the alluring credit cards and their features to use them for convenience.
ReplyDeleteI honestly do not feel that we are living in a police state. Compare with other countries - for soviet republics and others.
ReplyDeleteAnd as for credit cards I'm glad they are around:) In our free country.