Why 600,000 US Citizens are Moving their $$$ to Local Banks & Credit Union

[EC]

OVERTHROWING THE ROMAN MONEY CHANGERS TABLES OUT OF THE TEMPLE IN ONE EASY STEP

WHERE SHOULD I BANK? Think Locally not Globally!!!!!!!!

by Investment Banker Catherine Austin Fitts

The banks of which 600,000 people are switching out of since midsummer of last year .........
- American Insurance Group
- Bank of America
- Bank of New York
- Bank One
- BBT
- Citibank/Citigroup
- Credit Suisse First Boston
- Deutsche Bank
- FleetBoston
- General Electric
- Goldman Sachs
- HSBC Bank
- JP Morgan Chase
- Mellon Bank & Financial Corporation
- Merrill Lynch
- PNC
- Sovereign Bank
- State Street Banks
- SunTrust Banks
- Wachovia Bank
- Washington Mutual


Beginning with our kickoff this past July 4th, we are calling for 600,000 people worldwide to join us in pulling our checking accounts, certificates of deposits, credit cards and other business out of multi-national banks such as Citibank, Bank of America and JP Morgan Chase, and switching to local, well managed community-friendly banks or credit unions.

Our financial system is highly leveraged. That means that a tiny shift in customers from big banks to local banks can cause a dramatic shift in political and economic power and behavior. This is why our coins are so powerful. We estimate that 600,000 is 1% of 1% of our worldwide population.

http://solomonstemple.com/index.php

[candy]

1. I switched my savings years ago but how do you switch the

credit cards? Aren't they all issued by huge banks?

[LiberalEsto]

2. Google Pulaski credit card

They seem to be a small bank offering low rates

[candy]

5. Thanks!

[PROGRESSIVE1]

3. Good to hear this. But Sovereign Bank is much smaller than...

the rest on that list.

[Selatius]

4. I recommend credit unions instead of any banking institution

They may pay higher interest rates on deposits, charge lower rates on loans, and as an owner, you have an equal say in what happens to the credit union along with everyone else. You don't get this with private banking institutions that are simply in it for the money.

[indigolady]

6. how do you join a credit union?

don't you have to be a member of some sort of organization or union, like teacher's credit union or navy credit union? is there an expample of one that anyone can join?

[ClintonTyree]

8. The rules have relaxed a great deal in the last decade..........

it seems that if you just KNOW one of those people now, you're eligible. Really, not that hard to get into, check it out.

[Selatius]

9. Unfortunately, that is true in many cases

You usually have to be an employee of a certain company, or be in a certain segment of a population, or be in a certain occupation, or live in a certain area to be a member of any particular one. However, things may slowly be changing.

If you're not able to get into one, I guess you could just switch to a local bank, or you could try and establish your own--which is, unfortunately, far easier said than done.

[realFedUp]

10. churches have credit unions too

check around.

[LeftyMom]

14. Where I live most of them are regional

and anyone who lives, works or worships in the county can join. Mine was originally for people who worked at the Air Force base but now it's open to everyone in the area. :)

[candy]

7. FleetBoston is gone, it's now Bank of America!

[Alpharetta]

11. Can you help me? Explain why big banks are evil?

No offense, but the solomonstemple website is a bit overwhelming.

How can I suggest to friends that their money should not go to these big banks?

I know the U.S. is on a trend where corporations set policy and buy our governments. But my friends don't understand that.

I don't know how to get my friends to consider taking power from these banks without appearing fringe leftist. Do you have any pointers to good webpages that treat the subject with an even hand?

[EC]

12. Put simply, to put the power back into your own community instead of

the world bank. When we bank locally, it gives our banks money to invest and to build, in our community here is Catherine Austin Fitts' article, which is the long version and more comprehesive. Much of American policy during Iran/Contra was financed through the world bank which John Kerry investigated and brought out, this included Citicorp and all the others listed above. We really should be aware of who is working with our money and what they are promoting or investing in with it...http://www.scoop.co.nz/stories/HL0407/S00040.htm

The 1990s was a period in which the illumination of the dirty money in American politics and business really came out of the closet. The stories of the 1980s Iran Contra period financial fraud and of government conspiring with private industry in illegal weapons deals and drug trafficking to fund a secret government became widely known, starting with Senate hearings that were broadcast world wide. National Security Council involvement during the 1980s exploded onto the Internet with the “Dark Alliance” series published in the San Jose Mercury News in 1996 and tales of Bush and Clinton involvement in the illegal arms-trafficking and cocaine transshipment operation in Mena, Arkansas.<4> Stories proliferated about dirty dealings by member banks of the New York Federal Reserve (the US Treasury depository) with the Arkansas state agency that distributed housing subsidies and issued housing bonds and that was alleged to have been laundering the local share of the profits.

Although the mainstream media, led by The New York Times and The Los Angeles Times, attempted to discredit them, several fearless news sources kept the Dark Alliance and Mena stories alive. Two CIA Inspector General reports essentially confirmed the credibility of the Internet press which continued to cover the story.<5> These Inspector General reports included a memorandum of understanding between the CIA and the US Department of Justice (“DOJ”) that relieved the CIA of any obligation to report illegal activities, including narcotics trafficking by non-employee agents and contractors of the CIA.

Since that time, I have had the opportunity -- as an investment banker and former Assistant Secretary of Housing responsible under both Bush I and Clinton Administration for the cleanup of some of the S&L, mortgage and real estate related fraud and money-laundering schemes -- to learn more about the black budget business model used in these criminal enterprises.<6> Simply put, we are living in a negative return on investment economy. This means that from the point of view of most people on the planet, the dolphins, the trees and all living things, the world is worse off for our centralized human economic activity, at the crux of which are the central banks and the military-industrial complex they finance.

The good news is that we have the power to transform this economy. This power comes in the form of each and every dime we spend in the marketplace.

[trudyco]

13. Anybody using Pulaski?

Are there any hidden tricks - like short grace periods?

I used to have Wachovia but then they decided I paid off on time so they sold me to Bank One which is now being bought by Chase. Each time my due date has changed. I had an auto pay with my credit union so they could never claim I didn't pay the minimum by the due date (2 times and they jump the percentage sky high). Well when they changed the due date they changed it so the auto pay would be late.

I would love to have a credit card company like Wachovia was for several years before something happened to them.

My local bank is small, but we found they made mistakes on our savings account interest and kept trying to charge us for a minor account. Yep. Not all banks are created equal (or competent) Not sure about our credit union (they take just about anybody in the area).