Preps and Solutions
(Sponsored Ads)
Block Cubed - Cryptocurrency and Blockchain News
  • “This News Is Massive” Unikoin Gold (UKG) CEO Responds To Supreme Court Ruling That Legalizes Sports Betting
  • Blockchain Smart Contracts
  • Understanding the Difference Between Proof of Work vs. Proof of Stake
  • Silver
    Strategic Relocation
    Recently Posted Articles and Videos
    Ready Nutrition - Homesteading and Preparedness
    Ready Gardens - A Ready Nutrition Company
    The Daily Sheeple
    The Prepper Website
    SGT Report
    The Daily Coin
    top Prepper Web Sites
    Featured Destinations
    The Liberty Mill
    Web Destinations

    Clarocet for Kids
    Silver

    Give ‘Em Hell America: Leave Your Too-Big-To-Fail Bank!

    Mac Slavo
    January 4th, 2010
    SHTFplan.com
    Comments (7)
    Read by 283 people

    One of SHTF Plan’s regular contributors, Greg, posted a recent comment where he brought up the silent revolution that is taking place across America.

    I listened on DemocracyNow! this morning about how there is a grassroots movement beginning urging people to move their money from “too-big-to-fail” banks to local or regional smaller banks. If you can’t get Washington to offer real reform on Wall Street you can take direct action and move your money out of those banks. I’m already with a smaller regional bank. I urge everybody to research the smaller, FDIC-insured banks in your area and move your money to them, instead of the bailout banks.

    Well, perhaps it’s not so silent any more. The Move Your Money Project Urges People to Transfer Money Out of the Nation’s Largest Banks Into Local Community Banks. (Video posted below)

    How do we make Wall Street feel the power of those who are considered powerless? We let them feel it in their wallets!

    Is my local community bank or regional bank safe?

    This is an important question to consider before opening an account at a new bank, especially in these trying times.

    Before you move your life savings, be sure you are moving your money to a bank that is on solid footing. Though you will have FDIC insurance at a local community bank, you want to make sure the doors don’t close on you right before the rent is due, so we recommend checking out Martin Weiss’ list of Safe and Dangerous banks.

    IMPORTANT READING: How to Check the Safety of Your Bank

    Strongest Banks and Thrifts (Data from 2nd Quarter 2009; List updated Dec 2009)

    Weakest Banks and Thrifts (Data from 2nd Quarter 2009; List Update Dec 2009)

    If your bank is on the Weakest banks and thrifts, we recommend you RUN FOR COVER NOW!

    To do a quick search of safe community banks in your area (rated “B” or above) visit the Move Your Money web site at http://moveyourmoney.info/

    BOOKMARK THIS PAGE SO YOU DON’T FORGET THE REFERENCE LINKS.

    Watch a Video from Move Your Money:

    To listen to the Democracy Now interview Greg referenced in his comment, click here.

    Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
    The Most Trusted Tactical Gas Mask In The World
    Please Spread The Word And Share This Post

    Author: Mac Slavo
    Views: Read by 283 people
    Date: January 4th, 2010
    Website: www.SHTFplan.com

    Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

    7 Comments...

    Vote: Click here to vote for SHTF Plan as a Top Prepper Web Site
    1. pm says:

      If we as a nation, don’t come back to our roots with localized investment and manufacturing, we will fall as surely as Rome…

    2. mtngem98 says:

      I’m all for it except I can list at least 3 community banks here in San Diego who have failed in the last year alone. Closed on Friday, re-opened on Monday sporting a Chase, Bof A or Wells Fargo name courtesey of our wonderful govt.! How long before all of them dis-appear? Perhaps a local credit union instead?

    3. EXCEPT:

      During a disaster that takes your regional bank out (ex. Katrina immobilized a number of small savings and loans along the Gulf coast), you need to keep an account open in one of the National presence banks.

      Bank locally but when you need to bug out transfer your money to the BIG bank.

      You won’t need to live on credit as a result and you won’t run out of money in some small town where no one will take the check from the bank out of state that has money in it.

      Lloyd Colston
      Emergency Manager

    4. We moved our personal and business accounts to a community bank  about 15 years ago when a TBTF bank refused to help us in an issue with a local building contractor. The small community bank not only helped us but kept us from financial ruin.

      Checking with the moveyourmoney site, I discovered our bank is rated  with a B. That was reassuring. 

    5. mtngem98  I bank at a Credit Union here where I live and by everything I have seen thay are just as vunderable as the big guys!!  My CU is closing branches left and right even ones that are doing well . The annual report shows a negative ballance from bad loans of all types . What are we to do ? where is a safe instution to bank at ?  I don’t see ANY Body !

     

    Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

    Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

    Dedicated IP Address: 69.167.174.108

    The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

    SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.