|The Daily Show With Jon Stewart||Mon – Thurs 11p / 10c|
Tired of “too big to fail”? Tired of the US government’s eagerness to spend billions of public dollars to bail out the very institutions that brought the global economy to the brink of ruin? Tired of record profits (Goldman Sachs) and massive CEO bonuses (just about every big money bank) in the midst of the Great Recession? Tired of letting the big boys use your money to get themselves rich through speculative shenanigans and investment in globalized enterprises that destroy both the biosphere and human communities? Tired of the rich getting richer and the poor getting poorer?
Then stop giving them your money!
Stop willingly handing over your cash to the big corporations and financial institutions hell-bent on using your money to realize short term financial gains at any cost. Every cent you deposit in a bank or invest in a stock or mutual fund is being used to do something. What kind of activity are you financing? That lusty extra percentage point is the bait in a Faustian bargain. Find out what your money is doing, and if it ain’t doing anyone any good, MOVE YOUR MONEY!
Close your accounts at Wells Fargo, Bank of America, Chase, Citibank, Wachovia, US Bank, etc and open an account at a community-oriented local financial institution, such as an FDIC insured local bank or NCUA insured local credit union.
You can find a local bank by entering your zip code here:
|Move Your Money
You can find a local credit union at findacreditunion.com
First of all, think about the word “investment”. What exactly are you investing in? Are you playing a numbers game, betting on odds for a high return with almost no consideration for the kind of real world activity that is being financed by your hard earned cash? Or are you investing in a better world for you and your children? What exactly constitutes a successful return on your investment? A higher number on your statement, or a viable, livable, vibrant, clean, just, and beautiful world? Forget about numbers. Imagine the kind of world you want your children to live in and then put your money into businesses and funds that promote the kind of activity you really care about. The good news is that you can earn reasonable returns while simultaneously taking some responsibility for what your money is actually doing and helping to fund a better world.
Look into Socially Responsible Investing (SRI). If your current financial adviser says you should steer clear, find a different adviser. Invest in a just and green future (which in the end is the only lucrative investment going).
Do you know what your money is doing? Find out! Then MOVE YOUR MONEY!