Economic Crisis: An Urgent Call for a Citizen Revolt - PART 1

It all started with, "We the People". Our ancestors came to this new land to escape the Tyranny of Europe's Monarchies and Organized Religions. Our Declaration of Independence, Constitution, and Amendments set the foundation that "We the People" are endowed by their Creator with certain unalienable Rights, which among these are Life, Liberty and the pursuit of Happiness. But all that is now at risk - we are in the midst of an Economic Crisis of Historic Proportion!

We have all watched or read the TV cable news shows, mainstream media newspapers, and political news websites - many that do a disservice to "We the People". Some are extremely biased, some are driven by "ideology", some try to be more "Fair and Balanced", but tend to fall short of that Ideal. Recently, a news special, CNBC, House of Cards special, March 15, 2009 was broadcast. In their words,

"CNBC presents the definitive report of the defining story of our time. CNBC correspondent David Faber investigates the origins of the global economic crisis, with first person accounts from home buyers, mortgage brokers, investment bankers and investors – all of whom let greed blind them, leading to the greatest financial collapse since the Great Depression."

On the main CNBC House of Cards webpage, they quote:

“Let’s hope we are all wealthy and retired by the time this house of cards falters.” – Internal email, Wall Street, 12/15/06.

That was over 2 years ago!

Wall Street knew what was happening!

Multi-Partisan Corruption and “Ideologies Gone Wild"

Plus, there was the equally guilty "help" from the dumbfounded and/or corrupt Federal government - to bring down this House of Cards. There is much blame to go around in the Federal Government – Democrats, Republicans, Liberals and Conservatives – it was Multi-Partisan Corruption and “Ideologies Gone Wild”.

So NOW, “We the People” can feel helpless – what can we do – we are small and Big Government and Big Business are BIG! BUT THERE ARE SOMETHINGS WE CAN DO! That is the purpose of this Urgent Call for a Citizen Revolt. It’s not just about having Tea Parties or standing around holding up Signs with “words” of Revolt.

We can do something TODAY and right where we live!

The Reasons behind Part 1 of the Citizen Revolt:

The Bad Banks played an important part of this economic crisis.  As a result:

1. Many people were laid off,
2. Many people lost a lot of equity in their house,
3. Many people are facing bankruptcy or foreclosure,
4. Many businesses are suffering or going bankrupt,
5. Retirement and Investment accounts have been decimated.

And Most of Us didn't do anything wrong!

Therefore, We the People can strike back by taking our money out of the Bad Banks and putting it in Better Banks.

“We the People” can: Take our money out of the Big Bad Bailout Banks (or poorly run Smaller Banks with high levels of Toxic Assets) and Put our money into well-run Smaller or Community Banks.

Step 1 - New Bank – New Account: Find a well-run smaller or community bank with local branches that are convenient to where you live and/or work. Open an Account (for a joint account, both spouses might need to be there) – checking, savings, etc. Deposit some money in checking to get it started. Order checks and Debit cards. Sign up to their Online Banking website.

• Avoid the top banks in this list: Big Bad Bailout Banks

Especially, JPMorgan Chase Bank, Bank of America, Citibank, Wachovia Bank (WFB), Wells Fargo Bank, SunTrust Bank, Branch Banking and Trust Co. (BB&T), Washington Mutual (Chase), and Countrywide Bank (BOA).

• Avoid these 197 banks in this list: Smaller Banks with high levels of Toxic Assets.
• Additional lists to consider: Top 150 Largest Banks (end of 2007) and Bank Bailout: Who’s getting the money (list is chronological, so a bank could have gotten bailout money more than once, e.g., Bank of America)
• Make sure the bank is FDIC insured - $250,000 of your money will be protected.

Personal Note: In Raleigh, NC, I found First Citizen Bank. They did not take Bailout money, have a very low level of Toxic Assets, and have many branches nearby. I am starting the process...

Step 2 - Start the process of having your paychecks, unemployment benefits checks, retirement benefits checks, etc. to be Direct Deposited into your new account. Start the process of having your Online Banking & Bill Paying switched over to the new bank.

Step 3 - A Balancing Act for the first month: Balance the deposits and bill paying so that in a month, all deposits will go into the new account and all bills will be paid out of the new account.

Step 4 – NOW, take everything out of your old Bank. Our money is still in the banking system – just moved from the Bad Banks to the Good Banks.

Now the Smaller or Community Banks can loan more money to the communities in which we live! That sounds like a Winner – for both “We the People” and the Banks that serve “We the People” – Banks that Know us and Treat us as "People".

We will Not bring down the Fortress of Big Bad Bailout Banks, but they will be hurt – less deposits. And many Smaller or Community Banks will have more deposits – more power to help your community.

WE THE PEOPLE - WE THE CITIZENS - "WE CAN DO IT"

SUGGESTIONS * * * SUGGESTIONS * * * SUGGESTIONS

If you are knowledgeable about the Banking Industry, please give your suggestions on which Banks (with checking, savings, etc.) to take our money out of and which to open new accounts with.

Thanks

The 5000 Year Leap: A Miracle That Changed the World. For many years in the United States there has been a gradual drifting away from the Founding Fathers original success formula. This has resulted in some of their most unique contributions for a free and prosperous society becoming lost or misunderstood. Therefore, there has been a need to review the history and development of the making of America in order to recapture the brilliant precepts which made Americans the first free people in modern times.

In this book, discover the 28 Principles of Freedom our Founding Fathers said must be understood and perpetuated by every people who desire peace, prosperity, and freedom. Learn how adherence to these beliefs during the past 200 years has brought about more progress than was made in the previous 5000 years. Published by National Center for Constitutional Studies, a non-profit organization.

The Real George Washington: The True Story of America s Most Indispensable Man

There is properly no history; only biography, wrote Ralph Waldo Emerson. If that is true of the general run of mankind, it is particularly true of George Washington. The story of his life is the story of the founding of America. His was the dominant personality in three of the most critical events in that founding: the Revolutionary War, the Constitutional Convention, and the first national administration. Had he not served as America s leader in those three events, all three would likely have failed. And America as we know it today would not exist.

Why, after two centuries, does George Washington remain one of the most beloved figures in our history? The Real George Washington answers that question by giving us a close look at this man who became the father of our country and the first American President. But rather than focus on the interpretations of historians, the books tells much of his exciting story in his own words. The second part of this 928-page book brings together the most important and insightful passages from Washington s writings, conveniently arranged by subject. Published by National Center for Constitutional Studies, a non-profit organization.