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starroute

(12,977 posts)

17. The point isn't to "change" the banking system

Mon Jan 5, 2015, 05:36 PM

Jan 2015

It's to find alternatives.

I mean, what do most of us need banks for at this point, anyway? They're not paying diddly in interest -- mostly we pay them to hold onto our money for us. Paying bills by check is becoming obsolete. All we really need is a bookkeeping system to keep track of how many credits we have on tap and handle electronic payments and deposits.

The other things banks have traditionally done, like mortgages, have turned into a gigantic ripoff -- not to mention redlining and related abuses, such as the pressure towards gentrification.

So I'm for anything that enables us to take our business elsewhere and turn our backs on the banks.

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The Finance Industry Is Gorging Itself on Your Future�The Trend Lines Will Blow You Away [View all] xchrom Jan 2015 OP

Kicked Enthusiast Jan 2015 #1

K&R nt Live and Learn Jan 2015 #2

K/R marmar Jan 2015 #3

I didnt have 200k laying around to buy my house. Travis_0004 Jan 2015 #26

There's a strong argument that your house is only worth $200k because of the banks. Xithras Jan 2015 #28

+1, excellent post dreamnightwind Jan 2015 #29

also because of people willing to pay ridiculous prices Skittles Jan 2015 #31

K&R handmade34 Jan 2015 #4

This is where I have an issue with Occupy... brooklynite Jan 2015 #8

I make no statement about Occupy handmade34 Jan 2015 #11

When the system is broken, elections don't change anything starroute Jan 2015 #15

Okay - how to change the banking system by "routing around" the political system? brooklynite Jan 2015 #16

The point isn't to "change" the banking system starroute Jan 2015 #17

You go right ahead... brooklynite Jan 2015 #18

Are you happy with the status quo? Unknown Beatle Jan 2015 #32

I was scaring the big banks but I haven't heard much about it lately. jwirr Jan 2015 #39

The bookkeeping is pretty much computerized. JDPriestly Jan 2015 #36

But in this anarchic paradise, all parties must believe that the computer program isn't hacked... brooklynite Jan 2015 #37

Courts resolve disputes. JDPriestly Jan 2015 #41

Ellen Brown ran for Treasurer of the State of California Agony Jan 2015 #22

So, -a- member of Occupy ran for office. And the rest of the Occupy movement did.....? brooklynite Jan 2015 #24

ever heard of Zephyr Teachout? Agony Jan 2015 #25

And the corporations are owned by people, very greedy wealthy people who have no boundaries. Dont call me Shirley Jan 2015 #9

It doesn't make a difference to me until it's said who the debt is due. delrem Jan 2015 #5

Do you know what the bank interest rate is today? JDPriestly Jan 2015 #35

K&R ewagner Jan 2015 #6

This malaise Jan 2015 #7

Which is why the USA should nationalize its banks. Octafish Jan 2015 #10

The only Munificence Jan 2015 #20

Not even close to equivalent dreamnightwind Jan 2015 #30

The banality of evil on full display. Corporate back scratchers and investors. raouldukelives Jan 2015 #12

The issue which has swept down the centuries and which will have to be fought Tierra_y_Libertad Jan 2015 #13

K & R L0oniX Jan 2015 #14

Agree, Big Money Is Subverting Democracy colsohlibgal Jan 2015 #19

K&R liberal_at_heart Jan 2015 #21

K&R! Dark n Stormy Knight Jan 2015 #23

We need a new new deal abelenkpe Jan 2015 #27

Wish I could K&R this a zillion times and force everyone I know to read it. DebJ Jan 2015 #33

K&R. JDPriestly Jan 2015 #34

K & R Quantess Jan 2015 #38

I hate banks as they operate today. So when it looked like someone might try to take my money jwirr Jan 2015 #40