Tuesday, January 12, 2010

Moving the Money

$$$$$ to $$$$$

Okay, I have a new cause. Since Washington is not capable of bringing about any real change to watch out for "we the people" (they have too many special interests to watch out for), it has to fall "to the people." There is a current movement called "Move Your Money" (check out: http://moveyourmoney.info/). Can one person make a real difference? It would be like a gnat on an elephant. How about a million gnats? They could be like the straw that broke the camel's back. I see this movement the same way. When we have banks too big to fail, something's wrong when people are failing. It's called Wall Street vs. Main Street. As long as things remain the way they are, guess who's going to come out on top....

I have two major credit cards. With my good credit, one is charging me 25.24 percent - that is usury (defined as "The practice of lending money and charging the borrower interest, especially at an exorbitant or illegally high rate." That's my "reward" for mainting a good rating and being responsible? I don't think so!

I am going to check out my local credit union, which appears to have a rate of 9.9 percent. That's a bit more reasonable! I am one person, but if millions of "one persons" moved their money, that would be noticed and felt. One drop of water may be insignificant, but millions can start a flood.

Let it begin.

(Edit) I did apply for and should receive a new credit card with a rate of 9.9 percent! That’s a lot better than 25+ percent. Not all will qualify, but the money stays local.

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