Time to fight back the banking system?Submitted by dacharlie on Thu, 08/09/2012 - 23:26
After watching the Ed Griffin video lecture, it dawns on me that we are contributing to the perpetual inflation of the monetary base by even having a regular checking or savings account at commercial banks. Is it time to pull out your hard earned dollars from the commercial bank accounts? And put it in credit unions which I believe is a more sane way of sharing resources?
I mean your dollars are now being reloaned out right after you deposit them and put to work by the receiving banks in a 9:1 ratio and you are essentially getting nothing back for it but a measley check book and a plastic card that allows you to draw fake money. Will this kind of protest movement put pressure on the politicians? And might just send a loud message to the banks to stop messing with us who are in fact the only true producers and they are just reaping profits from us by them having a money monopoly.
What are your thoughts on this?