Are those banks all members of the Federal Reserve?!
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You bet they are and therein lies the dirty little secret. No one is going to upset their big fat cat, exclusive, one of a kind medium of exchange applecart.
> “You bet they are and therein lies the dirty little secret. No one is going to upset their big fat cat, exclusive, one of a kind medium of exchange applecart.”
Yes, that’s it.
The ‘volatility’ policy makes no sense. There are many things that are volatile in value.
Thankfully I have no credit cards and will never have them. I purchase everything with debit, cash, credits, or trade; never credit.