Ready for Bank Transfer Day, Fellow 99 Percenters?

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Do y'all hate banks? I mean, do y'all REALLY hate banks?

The Occupy movement sure does, which is why they've declared tomorrow, Nov. 5, to be Bank Transfer Day. It's already Guy Fawkes Day in the U.K., cementing the movement's fetishization of V for Vendetta. (Turns out David Lloyd, who drew the Alan Moore-written graphic-novel miniseries on which the 2006 movie is based, has been down to Zuccotti Park in New York and is cool with seeing the mask used in this way. What comics fan would have thought that V would end up being a bigger cultural phenomenon than Watchmen?)

The roots of the recession, and the severe, long-simmering U.S. income inequality that recession has brought to a rolling boil, are complex and intertwined. Of course, if you click through on this link to the Economic Policy Institute and set the sliders to go from 1980 to 2008, you could be forgiven if you find yourself wanting to BLAMEREAGANBLAMEREAGANBLAMEREAGAN... and unfortunately, all of his successors, under whom the trend accelerated.

So, it's not all about the banks. And remember, a lot of banks that weren't too big to fail, did, in fact, fail.

But the ones that made all those subprime loans, and then got bailed out, and now won't renegotiate those loans, are repossessing homes without having the right to do so, and are now reluctant to make loans at all while charging onerous fees and raking in ginormous profits? Yeah, screw them.

Thinking of dumping Wells Fargo, Chase, or Bank of America tomorrow in favor of Mom & Pop's Puppies & Apple Pie Credit Union & Also Puppies? Click here to find a credit union near you.

And feel free to hum this little Mojo Nixon ditty while you do the deed.


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StokeyBob
StokeyBob

Watching this thing unfold in Greece on the news something came to mind. I saw people facing their police and throwing bricks and Molotov cocktails. It seemed odd because they are in reality on the same side. Law enforcement is getting ripped off the same as all of the rest of us. Then if you kick it up to a global scale if we don't regain control of our military, which seem to think they are the global police, someone is going to have to come and regain control of them for us.

I think the corruption of our fiat money is the root reason for the, "Occupy er's" and the "99% er's". 

Maybe this will help make the danger of fiat money clear. Imagine you and me are setting across from each other. We create enough money to represent all of the world's wealth. Each one of us has one SUPER Dollar in front of him. You own half of everything and sodo I. I'm the government though. I get bribed into creating a Central Bank. You're not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with. All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world! That isn't the only thing though. You need to get busy and get to work because YOU'VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED.

That to me is what is happening to us, and the economy, and why so many of our occupations just can't keep up with the fake money presses.

Jonnyr44
Jonnyr44

Can i transfer my account frm like Wells Fargo to like Bank of America or that doesn't count?

S.A. Artist
S.A. Artist

Great article.  Good summary of for-profit banking practice.  America needs to make things besides banks and bombs.  It just does. 

qdpsteve
qdpsteve

"America needs to make things besides banks and bombs."

And Kardashians.:-)

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