» Move Your Money: Vote and Build Your Community

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Bike LogoMove Your Money: Vote and Build Your Community

~by Patricia

Piggy Bank

Piggy Bank

I heard about this Move Your Money Group on the news. It was first publicized by the Huffington Post. I did not think too much about it because our family decided to move our Money out of the “too big to fail” banks nearly 30 years ago and have felt good about supporting our community banks and credit union instead. We have supported them and they have supported us.

It is also a suggestion made by David Korten in his book Agenda for a New Economy. It is a noteworthy action because it certainly is a move that has assisted us in building our local community.

I have had at least 10 people ask me just in the past week how to help green up the environment besides just recycling garbage, growing a garden, and taking shorter showers. I have now added Move Your Money to the opportunities’ list.

Two individuals and one organization have also overtly stated that they did not want to learn about banking problems, food production and related health issues, or how to make changes to find resolution – “Other people will figure it out.”

What is the Move your Money movement?

“There is no official organization here. It’s a volunteer project. If you have ideas about how this idea can grow, send us a note and we’ll display the best ideas in the Comments section of the site.”

“People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions that generally avoided the reckless investments and schemes that helped cause the financial crisis.
“Fueled by the personal initiatives of thousands, it’s a grassroots effort that has the potential to shift power in the financial system away from Wall Street and to Main Street.”
~ From their site.

This site has a place to put your zip code in and find out the local banks and credit unions in your specific area that are worthy of your funds – well rated.

This is not a new story and I thought the site video was very good and informatively entertaining.

And there was a wonderful story of someone making the move on Salon.com

I wanted to share this idea and see what you thought about this kind of voting with your money to resolve an issue.

I thought it put the money back into the people’s hands. Money the people already gave to the banks and they are not sharing?

What do you think? Did you like the video?

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Thu, January 14 2010 » Discoveries

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