The Problem

The Banking Industry has designed brilliant systems to extend their banking services throughout the world. These services come at a huge cost to local communities. The extraction or leakage of money from local communities to large central banking interests has devastating long term consequences that are not generally realized by the population.

CENTRAL BANKING

A Central Bank is located somewhere other than your local community. The bank’s local branch may be in your community but the bank’s owners and/or shareholders live elsewhere. Money deposited or interest paid on loans to these centralized banks via their local branches in your community, is extracted from your community. What these banks use your money for may not be in your best interests or the interests of your community. Your money is managed and utilized in various ways other than where you live, work, do business and raise a family.

FINANCING NUCLEAR WEAPONS PRODUCERS

As a global family sharing this one planet, nuclear weapons have no place. There are many banks, pension funds, insurance companies, asset managers and other financial institutions around the globe who are financing the 20 major nuclear weapons companies. Be aware of which companies support the Nuclear Industry. View the Global Report on the Financing of Nuclear Weapons Producers. Read a Summary or Full Details of the over 300 financial institutions identified in the report as being substantively involved in financing nuclear weapons producers.

MORTGAGES AND LOANS

A mortgage or loan is simply an amount of money entered into a banks ledger. It is created out of ‘thin air’. It becomes a debit on the bank’s ledger and a credit on yours. For many years, people work to pay off their mortgages and loans. The ‘sweat equity’, (your time and energy) to earn money to pay them off goes directly to provide excellent dividends for the bank and its shareholders who live elsewhere.

IMPOVERISHED COMMUNITIES

Extraction of money from communities to centralized banking interests is a financial challenge for individuals and communities. Most people let it happen because they don’t know any better. The centralized banks have vast amounts of money to advertise their services. They promote special rates for interest on an investment account or a ‘cheaper’ mortgage rate compared to their local credit union. When you use their services, you also add to the cycle of  extraction of money from your community.

We can all help keep money circulating and benefitting our communities … simply choose to bank locally. It is easy. It is powerful. Check out more details of the solution and take action today!