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Finding Main Street good in the Wall Street crash
JICWyllie
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2
10-6-2008 9:24 AM
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tags:
economy
,
financial markets
,
i-strategy
,
i-localisation
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/368213a9-88a6-4823-ba3b-35d6112ffec5/E3B45B52-2EED-4D62-84B6-00D4647D27FA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://energybulletin.net/node/46738" href="http://energybulletin.net/node/46738" style="font-size: 11px;">energybulletin.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://energybulletin.net/node/46738">Every penny invested in the speculative bond, mutual fund, and stock markets is money that isn’t available to invest in the local economy. When people shift their money from trans-continental banks to local banks and credit unions, <STRONG><EM>their money goes to work in their own neighborhood and strengthens the real, local economy where they live and work.</EM></STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://energybulletin.net/node/46738">Retirement plans invested in stock market mutual funds and money market accounts benefit Wall Street by beggaring Main Street. If workers demand new retirement plans, invested in insured CDs at local banks and credit unions, <STRONG><EM>then their retirement money goes to work immediately in the real, local economy.</EM></STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://energybulletin.net/node/46738">Money invested in the speculative stock, mutual fund, and bond markets goes to other speculators, and doesn’t necessarily furnish even one dime to the real economy. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://energybulletin.net/node/46738">Going forward into the peak oil decline years, strong local economies are all that stand between us and collapse. </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E3B45B52-2EED-4D62-84B6-00D4647D27FA/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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