A pyramid-scheme debt-based economy that funds wars and benefits only the wealthy can only preserve itself if funders keep enough money in their deposit accounts that the banks can then LOAN to other customers.
All the banks in this Republic borrow from and pay their interest, in turn, to the Federal Reserve and
the call to End the Fed which is heard time and time again among occupiers of Wall Street must include various fronts of mass, organized action by the People.
I have decided to close my account with Chase Bank after learning that it's funding the militarization of Wall Street and I invite you all to do the same: close your accts with all the major players in the banking cartel and choose a small Community Bank, or Credit Union, to do your banking so that your deposit is re-invested in your local community. Please, also encourage all your friends and business partners to do the same. We should only bank at ethical banks that fund ethical business ventures and keep wealth flowing in their communities.
October 20, 2011 happens to be
International Credit Union Day, and I believe that the momentum carried by the Ocuppy Wall Street movement is a perfect wave on which this drive can ride and change the way Americans do their banking. It's a great chance to educate ourselves and each other on the community initiatives that our credit unions and community banks are involved in and to be part of those local initiatives. It's one of the many things that we have the power to do.
The movement to move money away from the corporate banks and into credit unions and smaller local community banks is actually a growing movement, particularly since 2008
The Natl Credit Union Administration (
http://www.ncua.gov/) as well as
http://www.creditunion.coop/ actually provide searchable databases where one can enter the zip code or city and the page provides all the credit unions in the vecinity.
PLEASE KNOW THIS: every penny in your bank is used by your bank to create debt and loans, and to fund whatever model that bank is invested in so that YOUR dollar in a
non-profit credit union helps to fund the particular initiatives of that C.U. and is re-invested in your community.