The Plastic Mafia
How can the credit card companies violate the usury laws of all 50 states and get away with it?
Every state has usury legislation that prohibits charging more than 10 per cent interest on loans, but the plastic mafia can rob you of any amount they want… 40 per cent isn’t rare.
Worse than charging illegally high interest, the plastic mafia also blatantly violates the U.S. Constitution Article 1, section 10: “only the federal government can create bills of money”. When you use a credit card with the “3% kickback” to purchase a $100 item your cost is only $97, but if you use cash, your cost is $100. Therefore, there are two monies, “credit cards” and dollars.
Why do we pay more than other people?
The poor, minorities and those just starting out are being raped because they cannot qualify to use credit card money – only dollars. So tragically, fifty million Americans pay $100 for groceries while those using credit cards pay only $97. And, if you add the credit card cost that the retailer includes in his price as a cost of doing business, the total is an outrageous 6 per cent. In effect, the plastic mafia steals $1,000.00 a year from those least able to afford it.
That is so illegal. So immoral. So unconstitutional. So unfair. It is a class action lawsuit begging to be uncaged.
Why does Washington allow this criminal activity?
The answer is so obvious that even that dumb rock can answer it. The Plastic Mafia owns Congress hook, line and page boy.
The credit card companies admit to spending 100 million dollars a year lobbying congress and they still can report their profits at 50 per cent. (The average profit of United States’ companies is 7 per cent). If you use your credit card to send money to your favorite politician, the plastic mafia can pocket as much as 30 per cent of it.
How else does the Plastic Mafia steal money?
Computational trickery: One example – if your statement due amount is $2,1oo but it is only convenient to pay $2,000 of it, (believing that you will be charged interest only on the unpaid $100). Wrong, they charge you interest on the full amount.
Inflationary: All businesses pass on the 2 to 5 percent cost of you using credit cards. (Formerly, some of them would list and add this fee on your bill, but today it is automatically built in as one of their costs of doing business). In other words, if credit cards were not prevalently used, the cost of living in the United States would decrease by as much as 5 percent!
“Recurring charges:” One of the most offensive violations of your rights by the credit card companies is the fact that you cannot call them to remove those unethical, if not outright, illegal charges. Maybe you subscribed to Disney last year before the Super Bowl, but since then you have not watched anything on their channel or maybe, decided you just didn’t want it anymore. Good luck trying to cancel. If you wish to “unsubscribe” you better have Einstein’s IQ and a lot of patience to find that illusive cancel button. And, due to our human nature, most of us won’t be aggressive because, “well, it’s only $9.58 a month”, or procrastinate “I’ll cancel it later”. (For many, that will be years).
Solution! Enact the 34th Amendment to the United States Constitution.
It is time to ban illegal interest and unconstitutional money! It is time for Americans to use its democratic system to fight for what’s right and decent. The best way of doing so is by creating 50 State Coalitions to add an amendment to our constitution.
If you are one of those Americans who cares, please contact me and volunteer to create such an organization in your state.
We need volunteers to make it so.
1. Create 501(c)(4) corporations in each state.
2. Petition each to pass the amendment.
3. Congress adopts when ¾ of the states
pass.
The people of every state have already voted unanimously to stop unfair interest rates. It is time for Americans to force the politicians to honor their will.
Please support Amendment 34.
Thank you,
The Plastic Mafia
The “plastic mafia” (credit cards) are stealing money from 110 million Americans.
The Supreme Court decision of 1978 (Marquette v Omaha Service) gutted every state law regarding limits on credit card interest (“usury law”). Lending Tree says the average interest charged in July 2026 was 23.79%! Before this atrocious court decision, most state laws prohibited charging more than 10%. How do these vultures get away with this theft? Simple. They buy it. Their lobbyists paid 100 million dollars to Congress last year. The poorest get cheated the most: credit cards users with the “5% rebate” pay $95 for their groceries while the poor without cards, pay $100.
Why do we pay more than other people?
The poor, minorities and those starting out are being raped because they cannot qualify to use credit card money – only dollars. So tragically, fifty million Americans pay $100 for groceries while those using credit cards pay only $95. And, if you add the credit card cost that the retailer includes in his price as a cost of doing business, the total is an outrageous 10 per cent. In effect, the plastic mafia steals at least $1,500.00 a year from those least able to afford it. That is so illegal. So immoral. So unconstitutional. So unfair. It is a class action lawsuit begging to be uncaged.
Why does Washington allow this criminal activity?
The answer is so obvious that even that dumb rock can answer it. The Plastic Mafia owns Congress hook, line and page boy. The credit card companies admit to spending 100 million dollars a year lobbying congress and they still can report their profits at 50 per cent. (The average profit of United States’ companies is 7 per cent). If you use your credit card to send money to your favorite politician, the plastic mafia can pocket as much as 30 per cent of it. Our Constitution states that there will be only one “money”. If that is true, credit cards are unconstitutional and should be banned.
Computational trickery, Recurring Charges and Swipe fees:
If you don’t pay the full amount due, you will be charged interest on the full amount, not just the remaining balance. Businesses hate the requirement that they must pay the plastic mafia 2% just to swipe your card. “Recurring charges” are also irritating. Maybe you subscribed to Disney last year, but since then you haven’t watched their channel or decided you didn’t want it anymore. Good luck trying to cancel. Just try to find the “unsubscribe” button or more likely, due to human nature, you won’t be aggressive because, “it’s only $9.58 a month”, or procrastinate “I’ll cancel it later”…
Article I, US Constitution stipulates “only one money”.
So what are credit cards? Holy legal salad. If you want the best proof that the plastic mafia knows it is immoral, read how they have spent millions of dollars to get the Federal Reserve and others to “redefine” credit cards as not money: “they are extended loans”, “promises to pay,” “not a final method of payment,” “a deferred transaction,” “the issuer pays the merchant on your behalf”… and my favorite dressing of all, “they do not store value”. (WTF does that mean?) Until recently “legal tender” was displayed on all US paper money promising silver from a bank to back it up.
Poor people are being screwed the most, but everyone suffers, because if credit cards didn’t exist, the cost of living in the United States would decrease by as much as 5 percent. If nothing else, 10 per cent interest should be the maximum allowed on credit cards!