From James Corbett at the International Forecaster

On the banking front, there is also a major boycott happening, and it is having dramatic effects. The Community Banking Initiative in the US is reporting that over 1.5 million people joined credit unions in the year and a half period from the start of 2009. In the UK, over half a million people have joined a credit union this year. Why is this significant? Because by transferring their money from the vault of one of the big six banks into a credit union, those people are simultaneously draining the coffers (and thus the arsenal) of the banksters while empowering their own community (which benefit from loans from the credit union). Why have you not heard about this phenomenon? Good question. It almost makes you wonder what big corporations control the major media, and what their ties are to the banking system, doesn't it?

The decisive blow has not been struck yet, of course. Far from it. In fact, there are worrying signs that the big banks are actually getting bigger as a result of the redistribution taking place in this post-Lehman economy. The Big Six have increased their share of total bank assets by 7% in the last four years. But if more people could learn the value of saving at local institutions, smaller banks, and credit unions, the Big Bank Boycott could yet help to back the global economy away from the brink.