Friday, October 23, 2009
Things You Can Do Now, to Curb the Negative Effects of Capitalism
I support what Moore is trying to do with his new film Capitalism: A Love Story . I think everyone needs to see it. He also has a new list of things that all Americans can do to help make a little change now. I just wanted to reiterate a few: FIVE THINGS WE SHOULD DO TO PROTECT OURSELVES AND OUR LOVED ONES UNTIL WE GET THROUGH THIS MESS: 1. Take your money out of your bank if it took bailout money and place it in a locally-owned bank or, preferably, a credit union. I LOVE my credit union and I would NEVER use a bank. Credit Unions are the non-profit equivalent. You get all the same services and offers - but without the fees! They are locally owned and wonderful. 2. Get rid of all your credit cards but one -- the kind where you have to pay up at the end of the month or you lose your card. So many people have problems with credit. One card, with a low balance, can make such a difference. 3. Do not invest in the stock market. If you have any extra cash, put it away in a savings account or, if you can, pay down on your mortgage so you can own your home as soon as possible. You can also buy very safe government savings bonds or T-bills. Or just buy your mother some flowers. I had thought that my fear of the stock market was naive... but after the crash and ensuing disaster I feel vindicated. Why invest in people who don't have your interests (or the interests of anyone other than themselves) in mind? Keep your money in safe places and invest in yourself and your family. Read more of Michael's ideas here.
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