Credit and Debit Card Situation

| March 24, 2010 | 25 Comments



While in the US credit card companies are pushing forcredit card usage by forcing the protection against criminal activities aspect, German banks are actually promoting the opposite. German customers will become increaingly liable for incidents as they will have to prove in the future that misusage of their debit or credit cards as well as online accounts has been caused by criminal activities against which they were unable to protect from.

Filed Under: UK Credit Cards

Comments

  1. plrbear19891028 says:

    my mom used my debit card for a few things, iv dipped before the amount I have, therefore I am negative 230, as you could say… would a debit thing like this hurt my credit score? or does credit score go by credit card?

  2. christo930 says:

    I think the timing is the main thing. I think a crash is nearly inevitable but the scope is so big that it’s going to take time to unwind. I think it’s a fairly safe bet to say we are past peak oil and if that is the case, that is going to be the real crisis. We have created a society around an economy that needs to grow and that growth has been driven by ever increasing amounts of energy and when the day comes when supply starts to go down instead of up, the economy will really crash. WHEN?

  3. jberni1 says:

    I think you have an issue here.
    I hold people responsible for what they do, nbot only for what they do.

  4. Eraser7622 says:

    Dude, we’re talking about PREDICTIONS here!! Not movie reviews. If you want credible, you shouldn’t be looking for predictions. If they could be proven, they wouldn’t be predictions. if they were certain, hey wouldn’t be predictions. Credibility is something one builds over time through work and honesty.. not something one garners through making accurate guesses. JBerni has earned credibility through his channel work. He offers up a prediction and you want to crucify him for it. bogus

  5. ShillBasher says:

    It hardly matters now as it seems as though nobody has agreed with your origional comment.
    Take responsibility for your own actions. If you are paying someone to do that for you then you may get a little more sympathy (emphasis on the “may”).

  6. bubonick23 says:

    I think you should look up the definition of credibility.

  7. bubonick23 says:

    I’ve made financial preparations to endure a crash, but where did I say I ‘want a crash’? Instead of acting as a shill and believing every prediction I hear, I’m holding someone responsible for what they predict in the form of credibility. Is your logic different?

  8. bubonick23 says:

    I’m holding someone accountable for what they say. I’ve said nothing about wanting a crash, you came to that conclusion yourself and added an ad hominem attack.

  9. hhoprofessor says:

    Bril. LOL

  10. que100 says:

    Could you give me some idea as to where the Canadian dollor is headed?

  11. mn8aol says:

    How to get control of the world? Create the conditions necessary to put into place supra-national regulations overseen by a small group of unelected bureaucrats who have not the slightest allegiance to any sovereign government.

  12. howserful says:

    i believe everything the goverment says
    i also believe in the easter bunny and santa claus
    and pigs fly
    good vid

  13. broeman says:

    In Denmark the banks (under an organisation called PBS) runs the Dankort debitcard system (which can be connected with VISA), and the banks takes care of criminal conducts. This gives a lot of security when trading online, as your money can be pulled back in case of fraud. If it was a behavioural law it should only apply to credit cards (to stop the spending, but my guess is that only FDP is somewhat anti-Keynesian). CDU needs to go back to Konrad Adenauer!

  14. SGTLibertyProject says:

    Great video… thanks

  15. jberni1 says:

    Not, yet

  16. jberni1 says:

    the issue is the overdraft.

    Look up my latest Crisis Information News article from Bloomberg on banks transaction delays, which leave clients with negative balances due to bank errors !

  17. 0urGaia says:

    best get a debit card with visa option and only leave minimal amount of money in it.

  18. PrepNow says:

    I have to admit that I don’t understand everything that is going on but I will tell you that I don’t believe a word of what any government employee from the lowest to highest says… not do I believe a word from the msm.

    Thank God for the Internet and people like Dr. B and others.

  19. sfmain says:

    do banks in germany make one liable for money they dont have in their account?
    if not one can use a seperate debit account to purchase stuff on the internet ect.. and only put money in before that point . just my 2 cents

  20. d3adp001 says:

    answer is simple, get rid of the cards.

  21. nage4614 says:

    how to solve a massive world wide debt problem?
    well, thats easy, just go print up about 60 trillion
    dollars, yuan, yen, euros, — and then lend them
    out to create more debt. make total sense to me

  22. zeropointpower says:

    Thanks for the info. Do you think Germans will react to bank changes by pulling out money? Perhaps moving some of their money to other countries banks? These new bank terms you speak about sound terrible.

  23. DavidAKZ says:

    House prices going up ?

  24. DavidAKZ says:

    Yes – in the debt economy approaching zero from below

  25. nage4614 says:

    over the last 3 mos
    dow up just 5% above price of gold
    dow up just 10% above depreciated dollar
    not exactly the rip roaring rally cnbc claims.
    so any dollars that one could cash out of
    the stock market–buys less —stuff–than
    you could have 3 mos ago. i’ll keep my
    “store of value” in stuff that can be sold
    when stocks can not be sold.
    gold, slv, cotton, cattle, cotton, coffee, oj
    sugar, and best of all short the u.s. long bond.

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