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Forum Post: Saturday November 5 - Reminder

Posted 12 years ago on Nov. 4, 2011, 4:12 p.m. EST by Lmurguia7 (57)
This content is user submitted and not an official statement

NOVEMBER 5 - Close bank accounts (transfer to credit union) -- and do not use credit cards, as banks benefit.

Also, don't be fooled by the dropping of debit card fees. The charges will be invisibly tacked on elsewhere.

If banks in your area are not open on Saturday, then act Friday or Monday.



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[-] 1 points by MattLHolck (16833) from San Diego, CA 12 years ago

bank transfer day coming November 5

"Bye bye, banks: 650,000 switched to credit unions last month! November 4, 2011 By Jeremy Bloom Leave a Comment WP Greet Box icon X Welcome Googler! If you find this page useful, you might want to subscribe to the RSS feed for updates on this topic.

bank transfer day coming November 5

November 5 has been designated Bank Transfer Day or Move Your Money day, the day to send the message to the too-big-to-fail Wall Street banks that they have failed us.

But it looks like the tsunami has already begun. The Credit Union National Association (CUNA) says that some 650,000 people have opened credit unions in the past month – more than in all of 2010.

Source: Red Green & Blue (http://s.tt/13IUi)"


[-] 1 points by dthompson (79) from New York, NY 12 years ago

I don't belong to a union - can I still join a credit union?

[-] 0 points by justhefacts (1275) 12 years ago


[-] 1 points by Lmurguia7 (57) 12 years ago

There may still be some credit unions that are industry-specific but most now accept the public.

[-] 0 points by electrictroy (282) 12 years ago

If I move money to the CU, am I not still using Federal Reserve notes? Don't my checks still get processed by the central banking monopoly called "the Fed"? I don't understand how this will accomplish anything.

As for credit cards, I benefit more than they do. They give me 3% or 5% off my purchases, which adds-up fast when you're spending $500 a month on food. I like getting cash back from the credit cards.

Wouldn't it be more effective to abandon Fed Reserve notes completely and convert them to something else? i.e. Turn your back on their fiat paper.

[-] 1 points by Lmurguia7 (57) 12 years ago

We each have different situations. If you are benefitting, by all means continue. But do check out the small print, OK?

In companionship ---


[-] 1 points by Lmurguia7 (57) 12 years ago

One thing at a time, no? Otherwise --- burnout. There's a long road ahead to turn the planet around -- wouldn't you agree? If we consider how long the present "reality" has been building up, it's unrealistic to expect resolution in a few weeks.

[-] 0 points by justhefacts (1275) 12 years ago

Yes, Credit Unions are FDIC insured. Not to mention that credit unions do business with banks and other capitalist entities all day long.