Move Your Money

Events these past few weeks in Cyprus have left most of us in a state of shock. All those lofty principles and guarantees built around  the euro have been proved to be nothing more than a mirage. The warning could not be clearer for depositors, be they private individuals, businesses or large corporations. The Eurosystem exists solely on trust - and if trust goes perhaps ones money should be moving too.

The following video, from the Move Your Money project which is a US based non-profit campaign that encourages individuals and institutions to divest from the nation's largest Wall Street banks and move to local financial institutions. 

The Move Your Money project states this clearly; "Little has changed to prevent another financial crisis or to end 'Too Big To Fail,' and with Congress unwilling to act, we are encouraging individuals to take power into their own hands by voting with their dollars and no longer contributing to a financial system that has led our country astray. We are a campaign that gives people real, concrete actions they can take to create a more sane, stable and localized banking system."

The sentiments expressed are as valid for Europe as they are for the US - neither bankers nor politicians can be trusted.

For additional information read Leo W. Gerard’s “Bank on Being Bilked”