New credit card rules are expected this month. Feb 22nd (video)

This is a pretty good run down of the new credit card sharks' new so called regulations claiming to aid consumers which will soon take effect. However, anything congress and bankers cooked up can't be to "user friendly"...on that you can bet. So don't get too enthused. :(

At least the new bills explain mathematically and visually right on the front how crazy it is to borrow money at 20 plus percent interest rates and what an impossible task it is to pay back utilizing American's favorite "Minimum payment" option, which translated means "never pay off".

However, we all know  the best advice regardless of  new rules or billing "transparency" (which this Obama administration had demonstrated is a word or catchphrase du jour that means absolutely nothing anymore)   on Credit Cards that all of us should follow are these:

Shred them them all and don't ever use them. 

Just vow to spend less and say "*** them, screw these modern aged loan barracuda's".  

They're the ones, (banks) when coupled with American's gimme gimme gimme spending habits and abuse have put the nation under the thumb of the Chinese and others, risking the very future of the Republic.  It's time to cut back for those who can't keep up with the Jones's ......which basically includes everyone except them!  

Imean do we all need new cell phones every year or two to be happy? No...Brand Spanking New Cars? No.  But then again that means less jobs, so it's a viscous circle indeed.