Forum Post: Big Banks are Scared You'll Implement This

someone else's post....quite interesting....

"1.Get a large number of the "average Joe," non-professional people currently trading to STOP trading (buying and selling stocks) in the financial markets (because they are almost certainly gambling their money away). 2.Get a large number of Americans to take their retirement moneys OUT of "actively managed" financial funds (most mutual funds, etc.) and into market index funds (which are "passively managed" but perform better than 80% of all "actively managed" mutual funds). It is a well-known fact that most Americans would be making more money on their investments if they took their money out of actively managed mutual funds. Most Americans just don't know about how they're getting ripped off! See: http://articles.businessinsider.com/2011-08-14/news/30047425_1_index-funds-star-funds-mutual-fund; and http://finance.yahoo.com/blogs/daily-ticker/most-mutual-funds-ripping-off-says-ifa-mark-20110412-105137-183.html 3.Get 5% of Americans to take their money OUT of the big banks and into community banks or, better yet, Credit Unions! Because banks hold such a low fraction of cash reserves for their obligations, this one step could virtually shut down all the big banks. To avoid a catastrophic collapse of the banking system, the transfer would take place GRADUALLY, which is by far the most likely thing to happen anyway. Update: It seems there's already a group doing this at: (http://moveyourmoneyproject.org/)."