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Move Your Money

Updated on February 7, 2014
bgamall profile image

Gary understands that times are tough, and seeks to make people aware of financial pitfalls. Loans must be undertaken carefully if at all.

Would You Move Your Money?

Would You Move Your Money Away From The Too-Big-To-Fail Banks?

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Money Moving Strategies to Send a Message

Move your money. If you have money in any of the too-big-to-fail banks, then move it to community banks and/or credit unions. Why should you do this? It is the patriotic thing to do in the light of Foreclosuregate. Big banks only care about their exposure to toxic assets, and they don't care about lending to your neighbor responsibly!

Now there is a specific reason to move your money. The TBTF banks have trillions of dollars of derivatives that are guaranteed by your deposits and the FDIC. When you deposit money into any bank, it is not yours. It is a loan to the bank until you withdraw the deposit. Therefore, the TBTF banks have your loans, your deposits, that are not first in line for FDIC insurance. The trillions of dollars of derivatives have been placed first in line by the Federal Reserve Bank. Beware!


The international banks listed below are above the law, above the taxpayer, above the president and above the congress of the United States. This revolt is a silent and peaceful one. Just like walking away from liar loans and credit card debt, this protest is patriotic and an affirmation of the sovereignty of the people of the United States over the international banking cartel.

Not only can you kick these big banks in the balls for allowing the off balance sheet ponzi housing scheme, but you can do something important and patriotic with your life. You can invest in banks that will lend, that will keep the economy going.

So what if the big banks fail. They were not really too-big-to-fail in the first place. That was just another scam to get the government to bail them out. The financial system on Wall Street is not necessary to main street if main street has a steady supply of reasonable lending. That will enable the economy to prosper. If the wealthiest people lose money from ill advised investments in CDO's and the like, it doesn't matter if community banks have the money to lend out.

List of Too Big To Fail Banks to move your money FROM:

  • Wells Fargo
  • JP Morgan
  • Bank of America
  • Citibank
  • Goldman Sachs

As a public service I am showing this link from the Huffington Post, Moveyourmoney.info as a means for you to see their research into the strongest community banks.

Update: Most mainstreet banks are no longer going to have free checking. Here is a bank with a free checking and debit card opportunity.

Disclaimer: I would suggest that you check with a financial advisor and don't take this deposit idea as any sort of investment advice because it isn't. Just realize that community banks and credit unions are only so strong as their balance sheets. If you have in excess of 250k in one bank you could be at risk. Also, with the Bank of North Dakota backing community banks in that state, those banks may be your safest bet.


Housing Bubble Was a Conspiracy Against Main Street!

Wisconsin Firefighters Moved Less than 200 Thousand Dollars

Wisconsin firefighters moved less than 200k and closed a branch of a bank. Moving money out of banks who have contrary purposes to those who lend the bank money is a smart thing to do. Fractional reserve banking has problems with this because most of the money is lent out anyway. So, move the money and certainly don't bank most of your money with the biggest banks, because they are the enemy of mainstreet.



Community Banks Need the Help of State Banks

There is only one state bank, the BND or the bank of North Dakota. The BND strengthens and shares risk with local community banks. That makes these banks stronger. They need capital and they get it from a bank that cannot bail out Wall Street, but that must service the loan needs of North Dakota's citizens. I have called for new banks in past writings. Certainly this is a way to form new banks and form banks that are beholden to the people and not to the cronies of Timothy (the thief) Geithner.

Ellen Brown, author of Web of Debt, has also exposed the need for these state banks. It is important that, besides the transfer of deposits from the big banks, that community banks have real capital as the Bank of International Settlements will require greater bank capital in the near future.

Credit unions are conservatively run and can be found at moveyourmoney.info, but they have had write offs as well in real estate loans gone bad.

If you think too-big-to-fail banks care about you, then read about the couple who were given fake money by Bank of America only to find that the bank got away with it!

Move Your Money!

Move Your Money!

Web of Debt, Ellen Brown

Comments

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    • Tom Whitworth profile image

      Tom Whitworth 7 years ago from Moundsville, WV

      Gary,

      You know I believe as you do. We should have let them go down in flames in 2008.

    • bgamall profile image
      Author

      Gary Anderson 7 years ago from Las Vegas, Nevada

      Yes Tom, I believe too-big-to-fail was an excuse to bail out cronies. In fact, I believe that the government could have set up a separate banking system based upon state governments very quickly.

    • Hello, hello, profile image

      Hello, hello, 7 years ago from London, UK

      In England and I am sure in America too; the trouble was the deregulation. After that the banks collapsed because the big boys creamed them. Thanks for a good advice.

    • Micky Dee profile image

      Micky Dee 7 years ago

      You're always right bgamall. When I grow up I want to be just like you! Thanks

    • ethel smith profile image

      Eileen Kersey 7 years ago from Kingston-Upon-Hull

      Best to spread any investments you may have around a few institutions

    • alekhouse profile image

      Nancy Hinchliff 7 years ago from Essex Junction, Vermont

      Really good hub. I certainly agree with you about the "too big banks" you have listed above, especially citibank and bank of america. I've had bad luck with both of them. Thanks for the information.

    • bgamall profile image
      Author

      Gary Anderson 7 years ago from Las Vegas, Nevada

      I appreciate the comments. Certainly, Ethel, spreading around to credit unions, community banks and big banks makes sense. Even if you pull some money, and if everyone did so, out of the ponzi banks that were bailed out would help get main street going again.

      But until unemployment and wages are addressed, I don't see a huge recovery.

    • profile image

      Wayne 7 years ago

      I made a music video on this topic!

      http://www.youtube.com/watch?v=uj3j8pGSEqA

    • profile image

      Wayne 7 years ago

      Activists and Patriots!

      Please take the time to study Ellen Brown's

      solutions as they offer proven ideas and hope for

      the US.

      This is THE most important topic to study in order to challenge the powers that be which are enslaving the world

      in usury.

    • bgamall profile image
      Author

      Gary Anderson 7 years ago from Las Vegas, Nevada

      Thanks for contributing to the cause, Wayne. I personally believe that gold standards cause irrationally tight money. But it is a complex subject and I don't know who has the best answers. I support Ellen Brown's work, but I realize that there is not agreement among those who see through the banking scams as to the correct way to value money.

    • someonewhoknows profile image

      someonewhoknows 7 years ago from south and west of canada,north of ohio

      bgamall I see no reason why the price of Gold cannot float according to the amount of currency and amount of Gold itself that exists.Wage and price controls would be necessary as well.The value of goods services should be of the same quality and should have the same value.The cost of energy is also keeping the value of goods and services high.We need alternative energy.I mean more than just solar and wind energy.The truth is alternative energy has been kept hostage by the oil cartel.Just as the banking industry has been kept hostage by the banking cartel.

    • bgamall profile image
      Author

      Gary Anderson 7 years ago from Las Vegas, Nevada

      Yes the oil market is manipulated and also alternative energy has been controlled and that is a shame.

      It has been estimated that there is 4 trillion dollars of gold but almost 16 trillion dollars of money in the world. Not enough gold. Better to look into Ellen Brown's views: http://hubpages.com/hub/Corresponding-with-Ellen-B...

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