you hunch on something, and then dare call it "only the truth? sounds to me as if your ability to reason is shaky.
note that AMEX income DECLINED 11% overseas:
"In the U.S., card services net income were up 9% to $876 million, while international card services saw income decline 11% to $159 million."
^that is from the Forbes article on today's AXP earnings:
4/16/2014 @ 4:40PM
Despite Earnings Beat American Express Shares Slide On Revenue Miss
Last quarter, and most quarters Visa's overseas growth is typically around 14-16%, ain't no way our overseas income is going to decline. Our domestic growth will be about 8%, overseas, where we rock, around 15%.
Here is our volume for last qtr:
The U.S grew 8.3%, Asia-Pacific 13.8% and Latin America 16%.
AXP has to also eat AXP bills that aren't paid, V *makes money* when customers charge but don't pay their bills. (We get our transaction fee from the issuing and acquiring banks when the transaction was approved, and the issuing bank eats the debt.) when the customer does not pay.
You shouldn't declare something to be the truth when it is not a fact. You could get a bad reputation that way.