@thenewoil Thanks for surfacing this, The New Oil. One step that's usually the fastest win on a household budget: tighten daily spending and transfer limits on your main checking account and turn on per-transaction push alerts, then review one statement a week for anything that doesn't look like you. Small limits mean a stray charge has less room to run, and a weekly review is the habit that catches the rest.

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  • @ProPublica@newsie.social Having a consumer financial protection bureau doesn't actually change that the financial system is basically legalized counterfeiting and usury. When the fed prints money, or the banks create IOUs out of thin air when you deposit your paycheck, it is essential stealing from the poor who hold mostly cash and giving to the rich who mostly hold assets. This is why Jeff Bezos or Elon Musk are multi-billionaires on paper, but they only have a few hundred million in cash that they could spend right now. This is true for almost every billionaire. I cannot buy groceries with company stock and nether can they without converting it into cash by selling it, at which point the market value of said asset would go down significantly because of the increase in supply. Cash is very similar, when the government prints money or borrows money or taxes money, you are getting robbed one way or another. The rich don't pay taxes, you do when you buy goods and services, which is why I think the rich are too highly taxed, they don't pay their taxes, I do when I buy the goods and services I need.

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