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This article isn’t about saving money directly but it is about elevating your standard of living and saving your community and country (whichever it may be).

Where is your money invested? This is really simple. Would you like to save your local community and your state from financial problems? Would you like for there to be more jobs in your city? Would you like for more people to be able to afford their own homes and cars if they want them? Would you like to be able to afford more luxuries in your life?

All of these questions are about the quality of life and all of them relate to money. Specifically they relate to where you have your money invested.

If you don’t like the way the national corporate banks and mortgage companies are treating the American people then do something about it. Find out exactly where your pension funds, retirement funds, 401K, Roth IRAs, and individual stocks are invested. Ask your broker to tell you in detail exactly which companies are in your mutual funds. The broker can get this information. Don’t let him tell you otherwise. If your money is in any corporation that is outside of your state and if it is one of those scummy companies that is stealing from the USA then you need to sell that investment and put your money into something local.

If you don’t like the way credit card companies are treating the citizens that just bailed them out, you need to open an account with a local bank (one based in your town or state, not a branch of the big banks). Then you need to transfer your balance to the local bank and close that other credit card from the scummy company. Where you keep your money is a vote of confidence. Stop voting for and supporting the scummy companies and support your local banks.

When your local banks have your business they can lend more money locally to businesses and individuals. When local businesses thrive they hire more local people. With more local people working there is more money being spent in the local economy which creates more jobs.

Here is a statistic I learned from an economist. For every dollar you invest in your local community by buying locally and investing locally, it multiplies the prosperity of your town by nine times. That means that your dollars circulate around your city nine times every time you shop at local businesses.

If you shop at national chains you do keep local people employed but you don’t get that money multiplication effect. When you send your credit card payments to that bank in a distant state you are contributing to the destruction of your own city. If everyone in your city just invested their money in local businesses and banks the economy in your town would begin to boom. The recession would be over for your town in just a few months.

I had a conversation with a man a few weeks ago about Bank of America. He was telling me about a lawyer who was fighting an increase in his interest rates. He was all for promoting information that would get back at the big banks that were treating people unfairly. Our conversation turned to investing and this man revealed to me that he owned Bank of America stock and was quite pleased with it.

I told him that he was a part owner of Bank of America and that he was contributing to the bad behavior of that company because he was supporting it financially. He was Bank of America. There are many ways of looking at this but I’ll skip most of them. Essentially I was telling him that he was part of the problem because he supported them financially. He didn’t see it that way at all. To him it was just an investment that was earning money.

Perhaps you see this as insane. I surely do.

One can’t give bullets to a psychopathic gunman and then get mad at him for killing people with his gun. Owning stock in a company that is doing evil is like giving bullets to a psychopathic gunman. One must take responsibility for supporting the beast.

Our local governments and state governments should only invest within their own states. Imagine the billions of dollars of pension funds being invested within your own state. Your state and every state would thrive if governments invested within their borders.

In case you didn’t know it, all states have pension funds and other business investments that pay for the annual state budgets and retirement funds. Every state in the union actually owns all of the big businesses traded on the stock market. How can it be? All of those state funds are invested in bonds and stocks that are traded on Wall Street. The state governments are the largest investors in the stock market. Each share of stock gets a vote in how a corporation is run. Why aren’t state governors placing demands on how those corporations are being run? I makes you wonder once you know this doesn’t it?

All state governors should get together and disclose which large corporations they own. Then they could form voting blocks at the annual stock holders meetings and change the direction of each of those giant corporations. The governors could actually put an end to outsourcing jobs to foreign nations. The governors could demand that the corporations bring jobs back to the USA. The governors could demand that raw materials be mined, harvested, or generated in the USA. They could also demand that all of the steel that goes into the products come from the USA.

That is the power of being a stock holder in a corporation. Stock owners (state pension funds) get to form blocks of owners who vote the same way and move the policy of the corporations in the direction they feel is best for the share holders. Corporations exist to earn money for the share holders. The share holders are the owners of the corporations. The corporation management has a duty to follow the directives of the majority of share holders demands. If they don’t then the share holders can fire the directors and get new ones.

All of this could be done if the governors of each state got together and took action. It’s that easy. All it takes is for each governor to get the information from his comptroller telling him where the money is invested and to contact the other governors to set a new course for the nations gigantic corporations.

To sum up this very different type of post, get your money out of the big corporations that are screwing all of the nation and invest it in local banks and businesses. Get on the phone to your legislators and send them a copy of this blog post. Do it via a link or perhaps print it and send it. Sending things by FAX always gets attention. Copy the link above in the address box and forward it to your friends. Copy this post and bring it to your local bank. Have them contact me to get permission to reprint it and send it out or hand out to their customers.

These actions seem simple don’t they? They are extremely simple. Money is power. Money is more powerful than voting. Where you move your money becomes your vote. Corporations don’t care for whom you vote. They do care where you place your dollars. You and I can collapse the scummy corporations that are ruining the world. We can then change the world with our dollars instead of at the voting booth. We can do it instantly without waiting for the next election.

What do you think about that? Comment below and add your suggestion.

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