Saturday November 5 Is Bank Transfer Day

Tomorrow, Saturday November 5, 2011, is Bank Transfer Day. That means that Americans everywhere are moving their money out of big banks and putting them into smaller local banks and credit unions that are FDIC insured. The Occupy Wall Street movement is having serious consequences and is beginning to wake people up to how easy it is to change things when millions decide to act. The big banks have been making life very difficult for many people through absurd fees, rates and indecipherable rules meant to empty pockets. But the problem is actually much more serious than that. Big banks are actually putting lives at risk through illegal foreclosures all across the United States. Masses of people are boiling with anger that is going to reach a critical overload. Moving money out of these banks into credit unions is a common sense approach to smacking big banks. But this event is just a warm-up. What we are practicing for is the eventual ability of the population to move almost overnight to totally destroy a chosen corporation. The ability to do so is almost here and will make itself apparent in very short order. I’m talking about a population that will be able to pick a corporation – say a major auto manufacturer for instance – and totally liquidate that corporation. This will be a weaponized and highly focused form of boycott, but it will be characterized by extremely sudden mass decision-making unlike anything ever seen in history. Get ready for it. Start your warmup tomorrow by moving to a credit union or small local bank.

The Bank Transfer Day Facebook page.

A Salon article about why Bank Transfer Day is only the beginning and the power of social media.