Re: The Necessity of Resisting Financial Tyranny

> Stupid.
> 
> Not like the local banks and credit unions do not unvest your money in the
> same places you want to remove it from....

But they are not too big to fail and being backstopped by the taxpayer, at
least not as much.

***no but they are insured by the government just like banks, and they
invest all that capital in pretty much the same ways.  Your money still ends
up on wall street, so the point is?


> And what online firms is he suggesting?  Is he going to be responsible for
> millions of money lost to phony online orgs?

Your money is at risk no matter where you keep it.  Even in your mattress.

***nice dodge. 


> Now, lower our debt makes some levels of sense, but that takes time.

I've been doing what he's suggesting for a couple of years now.  I actually
don't use banks, except for transactional needs (paying bills).  I keep very
low balances and pay cash for everything.
I have a net30 rule for myself with any form of credit.  It is amazing how
much you save when you aren't paying the tax of interest!


***I am all for that.  Make choices that are responsible.  The article was
mostly suggesting useless knee jerk decisions.


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