BEWARE THIS NEW TECHNOLOGY!

Google has unveiled a new mobile phone which will include a built-in payment system that could eventually replace credit cards.

Google boss Eric Schmidt took the stage to kick off the Web 2.0 summit, a technology conference held annually in San Francisco.

Schmidt confirmed that Google has been working on a sophisticated new computer chip and an upgrade of its Android mobile operating system that will include a payment processing tool.

Google boss Eric Schmidt holds up his Google phone as he speaks at the Web 2.0 Summit in San Francisco last night

On first view this looks a fabulous idea.  How convenient instead of using a credit card and putting in a pin number, which after all takes 30 seconds, we can use our mobiles to instantly pay for something.


But, when you think about it, is this just a different route to ID cards and human chipping?  Once we can start to use a phone as a credit card, how convenient would it be to have all our information stored on a sim card.  We could maybe even get state mobiles, with all our medical and personal details on it, that we could use to access the NHS, banking, libraries, transport, shopping, etc, etc.


Now what happens if the State or the Electricity Company or your bank, think that you are a criminal, because you haven't paid a parking fine, or have a dispute with your electricity company or your bank, will they just SIMPLY TURN YOUR PHONE OFF, SO YOU HAVE FUCK ALL ACCESS TO ANY SERVICES?


We should think about it carefully, before we all rush to embrace this and if we do, remember in 20 years time, where you heard it first!

CREDIT CARD INTEREST RATES AT 12 YEAR HIGH-WHY IS IT ALLOWED?

Millions of borrowers are facing “crippling” debts after banks put up interest rates on credit cards to a 12 year high, it can be disclosed by DL tonight.

The cost of paying on plastic has gone up by more than a quarter in just four years, new figures show. Almost seven million card holders saw their rates increase over the last year.  The average rate of interest has now climbed to 18.8 per cent, the highest since 1998, with some card holders being forced to pay as much as 46 per cent in interest.
 
Sorry, I don't understand why when most of us are struggling to pay off our debts and the interest rate is 0.5%, why the Banks which we mostly own are getting away with what amounts to LOANSHARKING!  How is the country ever to get out of a recession when no-one is spending money because they are getting squeezed by these BANKING BASTARDS, who then pay themselves huge BONUSES.

Unless of course it is an ESTABLISHMENT PLOT to keep the GENERAL POPULATION DOWN while the NEW WORLD ORDER gets richer?