Forum Post: Bank Transfer Day is November 5th
Posted 13 years ago on Oct. 18, 2011, 9:23 p.m. EST by MonetizingDiscontent
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Bank Transfer Day is November 5th http://www.economicvoice.com/bank-transfer-day-is-coming/50024760#axzz1b9Gx4Rep
(VIDEO) Keiser Report http://maxkeiser.com/2011/10/18/kr198-keiser-report-live-by-fraud-die-by-fraud/ This week MAX&STACY talk about JP Morgan’s bet against itself, a Florida legislator’s plans to boost the economy with ‘dwarf-tossing’ and Tim Geithners flying economy.
In the second half of the show, Max Keiser interviews Saifedean Ammous about Mubarak’s odious debts and about whether or not Occupy Wall Street is an Arab Spring for the West.
According to one site on the internet (google Bank Transfer Day - November 5, 2011 ):
"Together we can ensure that these banking institutions will ALWAYS remember the 5th of November!! If the 99% removes our funds from the major banking institutions to non-profit credit unions on or by this date, we will send a clear message to the 1% that conscious consumers won't support companies with unethical business practices.
• Research your local credit union options • Open an account with the one that best suits your needs • Cancel all automatic withdrawals & deposits • Transfer your funds to the new account • Follow your bank's procedures to close your account before 11/05
FIND A CREDIT UNION USA: http://www.findacreditunion.com/ CANADA: http://locator.cucentral.com/ UK: http://www.findyourcreditunion.co.uk/"
I am leaving U.S. Bank!!
Going credit union.
It's nice to have one day for symbolic purposes, but this should be an ongoing movement. If you are part of the 99%, you should not have a single dollar in Citibank, JP Morgan Chase, or Bank of America. Perhaps a few others should be added to the list, but those are the Big 3.
Bank Transfer Day also can correlate with the New York Stamp Act "Riot" (they leveled a home) of Nov. 1, 1765. Boston had one in September and New Yorker's who were used to a rowdy time on Pope's Day rose up a few months later. (this Boston - New York thing goes way back before baseball). I think we must keep this non-violent but take a stand that has consequences in some time honored way --boycotting , non-importatioon(to hit England back in our origin), not vacating when they say vacate . Let's keep this moving forward. If we have looked down the road and have seen impoverishment and lack of representation, we want redress. This tranfer day becomes a symbolic but important action....
Great Point. Still I suppose its good to keep them juggling, to cover their tracks. Personally I only keep enough in the bank to cover my bills. nothing more. Which is all I have anyway.
While I applaud the spirit of Bank Transfer Day, it's not going to work for following reasons:
First, Credit Unions are not organized as I have outlined at http://getsatisfaction.com/americanselect/topics/on_strategically_weighted_policies_organizational_operating_structures_tactical_investment_procedures-448eo into 48 Business Investment Groups where the Bottom 90% of Workers PERSONALLY decide Business Loans, and related Individual Business Proposals, according to their Occupation & Generation.
Second, Credit Unions DON'T pass through ALL the Interest Income; the vast majority of their Interest Income gets siphoned off to the 10% just like at any other Commercial Bank today, for it's yet another scam designed to benefit the 1%, the true owner of the Credit Union. Consequently, again, the Bottom 99% of Workers have no choice but to create their own Banks (or Credit Unions) as I have described in the link above IF they want liberty and justice for all.