Forum Post: Put your money where your mouth is! Join a credit union!
Posted 12 years ago on Oct. 13, 2011, 2:15 p.m. EST by kelseysmash
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Shout all you want, but take some action too. If you really want to put the fear into Wall Street, take your money away from them and put it into a credit union. Credit unions have most of the same benefits as banks and are NOT-FOR-PROFIT. Banks hate credit unions and are constantly trying to pass legislative restriction on them. Their fear is legitimate.
Better yet, create your own banks, which is why what we most immediately need is a comprehensive strategy, and related candidate, that implements all our demands at the same time, and although I'm all in favor of taking down today's ineffective and inefficient Top 10% Management System of Business & Government, there's only one way to do it – by fighting bankers as bankers ourselves at $500 apiece. Consequently, I have posted a 1-page Summary of the Strategic Legal Policies, Organizational Operating Structures, and Tactical Investment Procedures necessary to do this at:
http://getsatisfaction.com/americanselect/topics/on_strategic_legal_policy_organizational_operational_structures_tactical_investment_procedures
Join
http://finance.groups.yahoo.com/group/StrategicInternationalSystems/
if you want to be 1 of 100,000 people needed to support a Presidential Candidate – such as myself or another you'd like to draft – at AmericansElect.org in support of the above bank-focused platform.
...And move your investments out of Wall Street and into cash and tangible assets like land, food and guns. The stock market has evolved into a ponzi scheme controlled by the computer-based hedge-fund traders.
There is just one investment company that is owned by the investors of its mutual funds, so it isn't pushing for ever increasing profits for external shareholders. It is designed to benefit us as investors.
Because of the different design, it has pushed for lower fees, not higher, and has actually created competition so some other money managers have had to moderate fees. This is Vanguard.
I have no financial or other link to them except that I use their mutual funds. Bogle designed the company for the 99%, not the 1%.