We hold these Truths to be self-evident...
In the holiday movie, It’s a Wonderful Life, the community banker played by Jimmy Stewart is in a fight for his life, and unknowingly has his community’s future in his hands. The difference for the survival of his community is access to bank credit, focused in the film on the ability to have a home. The antagonist is a destructive banker who would turn the community into a slum as a function of his short-sighted and loveless domination.
In our real world of the present, we’re dominated by a cartel of big banks with political cover, creating money as debt, and leaving the US in collective unpayable debt. We, the public, are the potential Jimmy Stewarts, if we can shift our current destructive monetary and banking model for the public good. What can the public good accomplish? Good question. The following are factual claims I challenge you to test by reviewing the documentation.
- Over $1 trillion in annual public benefits from ending banks creating bank credit as debt for our monetary system, and enacting monetary reform for public-created money for the direct payment of public goods and services. This idea was supported by 86% of teaching economic professors and many of America's brightest historical minds. Nobel Prize-winning economist Milton Friedman was among the supporters, envisioning less inflation than our current monetary system.
- Paying our $12 trillion national debt easily and without inflation as new money is created as the banks’ ability to create credit from nothing is slowed. The savings of the annual interest payment to taxpayers is over $400 billion every year.
- Full employment. The government becomes the employer of last resort for infrastructure improvement that returns more than the cost of the projects, and thereby lowing prices.
- 2% mortgages, 6% credit cards, 5% interest paid on deposits from state-owned banks.
Strategically, we can withdraw support from banksters while we lobby for the above policies. The US taxpayers transferred an unprecedented amount of our purchasing power in the trillions of dollars to these parasitic banks in the so-called bailout.
Further articles of interest can be explored by topic and description in my economics section of articles.
Please watch the following 4-minute video on moving our money away from the banksters.
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Comments
Thanks for putting this out there.
We also have a face book group started, "Move your Money"
There you can find links in order to research an ethical bank to put your money if you decide to move it.
The site is offered up for both support to this idea as well as a statement of protest against the "Banksters" and special interests in the financial world that have taken us down this road of ruin.
Goldman has billions. You have less than three grand in your checking account. Who will the government listen to?
To Yah-right. You may be right but there are 300 million Americans in this country. 90% of those people are the "working" class, or people who actually work for a living instead of leaching. So, I should think that if even half of them moved their money to their community banks, it will make a statement if not a direct impact. Ultimately, the point is to protect yourself as best you can and invest in your community. I don't know about you but Globalization hasn't worked for me. So, I'm going from Globalization (read cheap Chinese crap) to localization (read quality over quantity).
I can do a lot. I can grow my own food and buy from local farms. I can certainly eat real and better food rather than processed food-like substances. I can make my own clothes and patronize local businesses. Great movements start with small gestures, small actions, small decisions. These small acts gain momentum and build on itself and that's when you begin to experience change.
Thank you for this worthy information. I have posted a blog post about the moveyourmoney.info site on my blog.
Nice comments, Willow. Thank you for your partnership, Atoyota and halina.
Yah-right: so what, you encourage us to surrender to dictatorship without taking any action? Are you serious? Is that the life of your dreams, what you want to teach your children, and the future you'll work to create? You need to move beyond your initial disgust and desperation to cause intelligent movement forward, yes?
While I appreciate that you're helping the move your money .info go viral, you could have also given a hat tip to Washington's Blog for suggesting this over a month ago, as well as HuffPost and Zero Hedge:
washingtonsblog.com/2009/11/january-9th-national-citizens-day.html
www.zerohedge.com/article/move-your-money-your-giant-bank-community-bank
www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html
DB:
I work closely with the author of Washington’s Blog and credit his work often. I appreciate you bringing the work of people forwarding this idea to readers’ attention.
Your statements about interest paid and charged is a great idea, but instead of state owned banks force legislation to set upper limits on interest charged ie usery laws! also like interest charged to no more than twice interest paid. mortgages @ 1% , savings 5% , credit 10%. by law unchangeable except by voters!
no matter what prime rate is.
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