One of the best ways to help force accountability on the big banks, the Fed, and eventually the US Government, is by removing their access to your savings.  One way to do this is to keep your savings in precious metals and other items of value instead of dollars.  This, however, is both impractical and risky, if done with one's entire savings.

A much simpler and still highly effective course of action is to move all your accounts from the big banks to local banks (or credit unions).  If enough people did this, the big banks would all fail, and the Fed wouldn't be able to do a damn thing about it.  A commercial bank without a base of deposits simply can not exist.

Whether or not you do any business with the big banks, I strongly suggest you have a look at Move your Money.  This site is a wonderful, easy-to-use resource for finding sound community banks in one's area.  Even if you're already with a local bank, you can use it to check on the fiscal health of that bank, and find out whether you might want to move your money elsewhere.

I don't have any money with the big banks.  Do you?

Posted by: Hermit Dave at 07:33 PM | No Comments | Add Comment
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