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If you are tired
of the Wall Street bankster bailout program at taxpayers expense but feel
helpless to do anything about it then keep reading. If record profits
for the big six banks (and big bonuses for the executives there) that took
your tax dollars makes you wonder exactly who is in charge then read
on. If you get upset about the Goldman Sachs executive retirement plan
(become US Treasury Sec and cash out lifetime personal portfolio tax free AND
help out your old pals on Wall Street) for Wall Street banksters then get
ready to fight back.
You have probably
heard the term, “too big to fail” in conjunction with the TARP
funds that were shoveled at Wall Street banks at taxpayer expense. I
think that if they are “too big to fail” then they are “too
big to exist”. Of course no one at the White House is asking for
my opinion. However, we as consumers can always vote with our
feet. Fire the Wall Street bankers. There is a movement afoot to
go back to local banking. Go to www.moveyourmoney.info and visit their
site. Say no to the Potters of the banking world and yes to Jimmy
Stewart. Look in your wallet right now. How many of you have
credit cards issued from the big banks? How many of you have IRAs or
other accounts with or do business with the big 6 banks in any way?
(Morgan/Chase, Citi Bank, Bank of America,
Wells Fargo,
Goldman Sachs or Morgan Stanley). Fire them this month. Help make
them smaller by removing your business from their banks. They will not
even notice your loss but they will notice the loss of hundreds of thousands
of customers leaving and going back to their local banks and credit
unions. If they are “too big to fail” let’s help them
get smaller and make our national banking system healthier.
Most of the big 6
banks have quit or contracted their lending and are piling up all that TARP
money on deposit at the Fed. Most local commercial banks and credit
unions continue to lend in the local community. Go to www.solari.com and
read Catherine Austin Fitts’ articles on supporting your local
community. It only makes sense after you read and think about the
difference it makes in your long term quality of life.
Credit Unions
hold 70% of their mortgages and an even higher percentage of other loans as
opposed to big banks with their “originate to sell” model.
It is these very “originate to sell” models that got us into the
mortgage crisis. While the local banks and credit unions that hold
their mortgages in their loan portfolio are very concerned about a
borrower’s ability to repay the loan, the big banks with their
“originate to sell” model could care less about the loan ever
being repaid. If the loan goes bad it is someone else’s
problem. If too many go bad they stick the taxpayer with the bill.
Open up an
account at a local bank or credit union. Check their rating out first at
www.bankrate.com and
choose a B rated bank or better. Go inside and meet them. Do not
use the drive in too much. Go inside, shake hands and get to know each
other. These people are your neighbors.
Grow up and cut
up those credit cards (you know you have several) and use a debit card, write
a check or even……use CASH. The surest way to not overspend
is to spend cash and to stop spending when you are out of it. Does the
thought of cutting up your credit card give you withdrawal symptoms?
What about emergencies? Well how about doing what your grandfather did
and keep a little cash close at home for emergencies. Hide a few
hundred dollars at home and become your own ATM machine. Buy gold and
silver for your long term savings and become your own central banker. Use the local
bank for every thing else.
Fight back and
fire the Wall Street banksters. Pull your pension funds, IRAs, credit
cards and other funds from the scam artists on Wall Street. One termite
can not do much but thousands of us can make a difference. Support your
local farmer, small businessman and local banker. You will live in a
healthier community as a result.
Larry Laborde
Silver
Trading Company
www.silvertrading.net
Larry lives in the occupied South with his wife Puddy
and sells precious metals at the Silver Trading Company. Larry can be
contacted at llabord@aol.com.
You can view his web site at www.silvertrading.net.
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