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Originally posted by adventxero
reply to post by CosmicEgg
That is the worst idea I have ever heard. I am a financial coach as well as an avid ATS member. I completely agree with your argument regarding creditors. That is a broken system. American greed, impatience, and our need for instant gratification has led the credit institution to be what it is today. As far as removal of ALL banking activities?! Not smart and very bad advice! It seems you don't understand how the money and finance works. Which is really no fault of yours, because 99% of all people in America are taught absolutely nothing about money or finance.
And before you try to chastise me about how I am the one who is wrong. I have a Series 6, 63, 26, and 65 investment licenses and I have been in the financial sector for some time now so I know a thing or two. Also, my job is to help families get out of debt and retire early, so my motives are noble ones.
Also, if you take time to understand basic economics and inflationary trends, you would know that putting your money in your sock, mattress, or coffee can is a sure-fire way to wind up broke in 30yrs or so. As inflation rises, the buying power of the dollar weakens. Inflation average out to 4.75% in 2011 and has had a 50yr average of 4% which simply means that we have to work harder every year and our money buys less.
I my self only use my bank as a checking account, NOT an investment vehicle. I advise my clients to treat banks as such. Banks were designed to make sure you have liquid access to your money, NOT for wealth management.
In addition, it seems that the Irish government is in bed with the European banks. The Irish people are probably paying billions into non-guaranteed bonds because a few political entities saw a way to get rich through that deal.
Not trying to put you down, you have the right to be angry. We all do. Please make sure you are educated on something before offering any advise.
I have three philosophies when it comes to money:
1) Dont spend more than you make
2) Dont take financial advise from broke people (they are broke for a reason)
3) If your money pile is bigger than my money pile... then I'll take your financial advise.
Originally posted by SheopleNation
reply to post by ajay59
I understand your anger and passion my friend, but they don't need to throw everyone into jail or camps. All they need to do is blockade any state, City or area where resistance exists. No shipping or trucking into those areas means only one thing, starvation, disease ect. Like I said before, Without the Military there is no chance of defeating these international bottomfeeders. They control everything. ~SheopleNation
Originally posted by CosmicEgg
That was a little thing we call Hot Air followed up by Denial. Not pwnage on any level.
However, all of this could have been averted if people kept their money in *community banks* rather than large national or multinational banks. Keep your money in your socks, in your mattress, in your floorboards - not in banks! If they have it, you don't. Keep that in mind in the future.
Start movements for receiving your pay in cash. Pay your bills in cash. Remove banks from the system. They crept into this position when they realized that it was convenient for us, but bankers are by nature greedy and we have fed that trait in them until we created a horrifying monster. The credit institutions grew out of the awareness of our weakness. *We* must take responsibility and bring these monsters down with our own actions now. Get rid of your bank accounts and get rid of your credit.
Our society must change now. We must be that change.