Forum Post: Support #NoBankNovember.. Move money out of corporate banks!!
Posted 12 years ago on Oct. 5, 2011, 1:19 a.m. EST by disordered1
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On Reddit we have been discussing a movement of money out of corporate financial institutions.
On Reddit - http://www.reddit.com/r/occupywallstreet/comments/l0429/moving_forward_with_nobanknovember/
We have a group on Facebook - https://www.facebook.com/event.php?eid=142199502544269&ref=ts
We need support, discussion, graphics, stories. Anything! Keep it up #OWS!
The smartest and most powerful thing that people can do right now to defeat this KLEPTOCRACY where the banks take our money, hoard it to the toon of 2 trillion dollars, refusing to loan it to anyone is to WITHDRAW YOUR MONEY from the banks and join a credit union! They offer EVERYTHING that a bank does--including credit cards and mortgages. Just make sure that it is FDIC insured and it is as safe as it is in a bank. They usually don't have fees like the banks do and mine actually pays interest on my checking account once it gets up to a certain amount. Oftentimes, credit cards have a better interest rate too and they won't be bundling mortgages into derivatives to sell to an investor and screw you. Plus they are much more customer friendly. Mine actually bakes cookies on the premises every Friday for customers. Granted, that isn't significant but it says something about the character of the institution. Trust me on this. Abandon the banks. You can even refinance your mortgage and get a credit card--and use it instead of the bank issued one. SCREW THE BANKS!!!!
Someone asked what this accomplishes? It keeps money less centralized and flowing more locally, and it supports smaller organizations who are much more interested in serving their customers, rather than just milking us for all they can.
I switched from BofA to a local credit union last year. Best move I ever made. Even if we don't have much money, if we ALL do it, it'll make a HUGE dent! If they're too big to fail, we can collectively fix that :-) Huff Post had a campaign last year to do just that, and they posted lots of helpful info on how to choose a good local bank or credit union, bank ratings, etc. Wish I could find that info now.
Thank you all for the support! Join on and bring your friends in on Facebook!
This is gonna be a problem because most of us don't have much in the bank.
zerohedge.com is a one stop shop for all finance related graphics you heart desires
The smartest and most powerful thing that people can do right now to defeat this KLEPTOCRACY where the banks take our money, hoard it to the toon of 2 trillion dollars, refusing to loan it to anyone is to WITHDRAW YOUR MONEY from the banks and join a credit union! They offer EVERYTHING that a bank does--including credit cards and mortgages. Just make sure that it is FDIC insured and it is as safe as it is in a bank. They usually don't have fees like the banks do and mine actually pays interest on my checking account once it gets up to a certain amount. Oftentimes, credit cards have a better interest rate too and they won't be bundling mortgages into derivatives to sell to an investor and screw you. Plus they are much more customer friendly. Mine actually bakes cookies on the premises every Friday for customers. Granted, that isn't significant but it says something about the character of the institution. Trust me on this. Abandon the banks. You can even refinance your mortgage and get a credit card--and use it instead of the bank issued one. SCREW THE BANKS!!!!
It pulls the basis of their power out from under them. Do you realize that for every dollar you deposit, they can create 9 out of thin air? This is the fractional reserve system. Cut their power at the knees! Move to a credit union!
Yes!
What exactly does this accomplish?