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Still Banking With The Big Banks? Here’s Why You Should Consider Some More Ethical Options

If you believe in the power of voting with your dollar, then it’s time to take a look at your bank and what your dollars are actually supporting.

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Do you consider yourself a socially conscious person? Are you someone who stays up to date on current events, researches what’s going on in the world, and knows which companies are contributing to our world’s problems and which are working to solve them? If you said yes, then it sounds like you are a conscious consumer and understand the power of voting with your dollar and putting your money where your mouth is… but — where do you put your money? Which bank do you use? This is something many of us don’t even consider, but just like anywhere else you put your money, the bank you choose to support with your dollars matters.

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This is something that I myself am just learning the importance of now, as I have recently begun researching the best places for storing my dollar bills. Not that I have a lot of them by any means, but still, I want them to be supporting things that I myself would support, which does not include a machine fuelled by greed — no matter the cost.

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This idea of taking your money out of the big financial giants really came into my reality around the time of the Dakota Access Pipeline protests, when people were withdrawing their money en masse. Protesters came to understand that, by giving their money to the big banks, they were actually contributing to and supporting the very oil giants t hey were fighting so hard to stop.

What Would Happen If We All Took Our Money Out of the Banks?

This is the thing that is a little scary to consider. When you put your money in a bank, it doesn’t just sit there, patiently waiting for you to decide to spend it. It is being invested at high levels. If you choose to, you can actually get involved in that game and potentially profit from your money rather than letting it collect dust, but again, it is up to you to be aware of what your money is actually going to support if you should choose to do that. If everyone were to take out their money from their banking institutions, the banks would essentially collapse. Those who were late to the money party, moreover, wouldn’t get their money back, because once in a bank, it’s technically under the bank’s control, and they do not hold it all in a safe waiting to be returned to customers.

Now, there are some other options, the most obvious being to keep all your money in cash format, but in this day and age, that is becoming increasingly less practical, as we need credit cards for so many things, and carrying a lot of cash is both inconvenient and risky.

So, Where Should You Keep Your Money?

Enter “Green banks.” Sometimes referred to as a green investment bank, clean energy finance authority, or clean energy finance corporation, a green bank is a public financial institution that uses innovative financing techniques and market development tools in partnership with the private sector to accelerate the deployment of clean technologies. This is one option.

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But there are also a number of other socially responsible banks that you can choose from that invest the money they receive into ethical and sustainable businesses that truly have the consumer and the planet in mind.

Consider Credit Unions

You can also consider credit unions, whose model is people before profits. They use a co-operative model, which means any profits they make are reinvested back into the credit union to serve the members better, and some of these benefits are shared directly with their members and the community.

There are a lot of misconceptions around credit unions. People think they don’t have good online banking services, use mobile apps, or offer ATMs, but that simply isn’t the case. Most credit unions have all of these perks and more. Essentially, a credit union can do anything a bank can do, but it all revolves around you as the customer. Check out this cute video from Vancity that describes the difference between credit unions and banks:

Thinking About Making a Switch?

It’s a lot easier than you think. You can walk into your bank and tell them you want to close your account, and that’s that. Of course, if you have any loans or mortgages with your bank, the process becomes trickier, but it’s not impossible. Here are some simple steps, courtesy of GreenAmerica.org,

10 Steps  ToBreak Up With Your Mega Bank:

1. Find a new community development bank or credit union. As you research your new bank, be sure to ask about fees, services, and the details about the banking products you need. Make sure the institution you select is FDIC or NCUA-insured.

2. Open your new account with a small deposit while keeping your normal mega-bank account open. Order the products you need such as checks, debit cards, and deposit slips.

3. Make a list of any of your automatic deposits like your paycheck, or auto-withdrawals, like your bills.

4. Move your automatic deposits to your new account. If you have direct deposit for your paycheck, ask your employer to transfer your paychecks to your new account (you will likely need to provide a voided check from your new account to your employer). The same holds true for Social Security payments or other forms of income you receive automatically into your account. Ask for the date on which the payment to your new account will take place.

5. Move your automatic withdrawals to your new account (you will likely need to provide the routing and account numbers at the bottom of your checks). When you know that sufficient funds will be in your new account, transfer your automatic payments so that they are now deducted from your new account. Ask for the date on which the payments from your new account will begin. It’s wise to leave a small amount of cash in your mega-bank checking account for a month after you think you have shifted your deposits and withdrawals to your new bank or credit union to guard against any unforeseen circumstances like checks you wrote that hadn’t been cashed, or payments you forgot about.

6. If you have only online banking through your mega-bank, take screenshots of statements or print them out. Save them for your records and keep canceled checks you may later need.

7. Transfer the final funds from your mega-bank account to your new account – once you have all your automatic deposits and payments transferred and any last checks have cleared your old account. Electronic transfer of these final funds to your new account is usually the fastest and safest method to use.

8. Close your mega-bank account. Once the last remaining funds in your old account have transferred to your new account, follow the bank’s procedures for closing accounts. Obtain written confirmation that your account is closed.

9. Inform your bank why you are breaking up (You can use our sample letter as a guide).

10. Encourage your congregation, workplace, or alma mater to use a community development bank or credit union if they do not already do so. Also, if you are on the boards of any nonprofits, or live in a condo or housing co-op, you can encourage these organizations to switch too. For colleges and universities, turn to Responsible Endowments Coalition.

Final Thoughts

If you believe in the power of voting with your dollar and putting your money where your mouth is, then this is the next important step you can take. There are many aspects of our system that aren’t working, and we know it, but the good news is, we do not have to participate in these parts of society that no longer serve us. We can take responsibility for our own lives and our  actions and make a powerful impact wherever we leave our money. We always have a choice, and a vote, because every time we spend money, even at a bank, we are casting a vote for the type of world in which we want to live.

Much Love

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Attention Readers: We’ve Moved Our Journalism To The Pulse

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

A large portion of our journalism that you’re used to seeing on our Collective Evolution platform has now moved over to The Pulse. We will be publishing most of our news articles there, while Collective Evolution focuses more on personal development.

You can follow The Pulse on Telegram, Facebook, Instagram and Twitter.  

We’ve done this for a number of reasons, mainly due to the struggles we’ve had with regards to extreme censorship at Collective Evolution. We hope you join us over at The Pulse in our quest to keep doing what we do!

Dive Deeper

Click below to watch a sneak peek of our brand new course!

Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

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Abductions & Car Vandalism – Startling Australian UFO Report Unclassified

Gautam Peddada

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

An uncovered Australian report performed by their Department of Defence. “Scientific Intelligence — General — Unidentified Flying Objects” is trending again. Those who have done extensive research on UFOs will find the Australian version of disclosure to be far more intellectually honest than the American version. Albeit it was conducted decades ago.

According to ex-US intelligence official Luis Elizondo, the Defense Department’s Inspector General is presently conducting three reviews. The inquiries vary from the Department of Defense’s handling of UFO claims to Elizondo’s alleged whistleblower retribution. The open IG cases are crucial to Australia’s report because they establish beyond a shadow of a doubt that the US Department of Defense is being dishonest and shady when it comes to the UFO subject. For decades, Australia has been a loyal friend of the United States. Within Australia’s boundaries, they share a military installation (Pine Gap). When a close defense ally’s intelligence agencies determined that the US was not being intellectually honest in its approach, perhaps it is reasonable to conclude that there is more to the tale than the 144 incidents studied since 2004 by the UAPTF.

The CIA became alarmed at the overloading of military communications during the mass sightings of 1952 and considered the possibility that the USSR may take advantage of such a situation.

Australian UFO study.

According to the summary, OSI, acting through the Robertson-Panel, encouraged the USAF to use Project Blue Book to publicly “debunk” UFOs. In a tragic twist of fate, when Australian authorities sought explanations from the US Air Force, the allegation was debunked. The authors of the study were depicted as conspiratorial and even crazy by the US Air Force. Ross Coulthart reported this, and it may be heard in a recent Project Unity interview. Courthart is an award-winning investigative journalist who is drawn to forbidden subjects. He also stated on the same podcast that a senior US Navy official identified as Nat Kobitz told him that the US had been in the midst of reverse-engineering numerous non-human craft. According to his obituary, Mr. Kobitz was a former Director of Research and Development at Naval Sea Systems Command.

Continue reading the entire article at The Pulse. 

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Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

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PGA Tour To End COVID Testing For Both Vaccinated & Non-Vaccinated Players

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CE Staff Writer 4 minute read

In Brief

  • The Facts:

    The PGA Tour has announced that it will stop testing players every week, regardless of whether they have been vaccinated or not.

  • Reflect On:

    Are PCR tests appropriate to identify infectious people? Should people who are healthy and not sick be tested at all, anywhere?

Before you begin...

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

The picture you see above is of John Rahm, a professional golfer on the PGA tour being carted off the golf course after tournament officials told him he had COVID. He was healthy and had no symptoms, yet was forced to withdraw from the tournament. He was told in front of the camera’s, and a big scene was made out of the event. You would think something like that, especially when you are a big time sports figure, would be done behind closed doors with some privacy.

Earlier on in June a spokesperson for the PGA Tour said that more than 50 percent of players on the PGA tour have been vaccinated. Although it seems that the majority of players on the tour will be fully vaccinated judging by this statement, it does leave a fairly large minority who won’t be, and that’s something we’re seeing across the globe as COVID vaccine hesitancy remains high for multiple reasons.

We are pleased to announce, after consultation with PGA Tour medical advisors, that due to the high rate of vaccination among all constituents on the PGA Tour, as well as other positively trending factors across the country, testing for COVID-19 will no longer be required as a condition of competition beginning with the 3M Open. – PGA tour Senior VP Tyler Dennis

The tour recently announced that the testing of players every week will stop starting in July for both the vaccinated and the unvaccinated. This was an unexpected announcement given the fact that, at least it seems in some countries, vaccinated individuals will enjoy previous rights and freedoms that everyone did before the pandemic. Travelling without need to quarantine and possibly in the future not having to be tested could be a few of those privileges. Others may include attending concerts, sporting events, or perhaps even keeping their job depending on whether or not their employer deems it to be mandatory, if that’s even legally possible. We will see what happens.

Luckily for professional golfers, regardless of their vaccination status they won’t have to worry about testing positive for COVID, especially if they’re not sick. This is the appropriate move by the PGA tour, who is represented by their players and it’s a move that the players themselves may have had a say in. It’s important because PCR tests are not designed nor are they appropriate for identifying infectious people. A number of scientists have been emphasizing this since the beginning of the pandemic. More recently, a letter to the editor published in the Journal of infection explain why more than half of al “positive” PCR tests are likely to have been people who are not infectious, otherwise known as “false positives.”

This is why the Swedish Public Health agency has a notice on their website explaining how and why polymerase chain reaction (PCR) tests are not useful for determining if someone is infected with COVID or if someone can transmit it to others, and it’s better to use someone who is actually showing symptoms as a judgement call of whether or not they could be infected or free from infection.

PCR tests using a high cycle threshold are extremely sensitive. An article published in the journal Clinical Infectious Diseases found that among positive PCR samples with a cycle count over 35, only 3 percent of the samples showed viral replication. This can be interpreted as, if someone tests positive via PCR when a Ct of 35 or higher is used, the probability that said person is actually infected is less than 3%, and the probability that said result is a false positive is 97 percent. This begs the question, why has Manitoba, Canada, for example, using cycle thresholds of up to 45 to identify “positive” people?

When it comes to golf, the fact that spread occurring in an outdoor setting is highly unlikely could have been a factor, but it’s also important to mention that asymptomatic spread within one’s own household is also considerably rare. It really makes you wonder what’s going on here, doesn’t it?

Dive Deeper

Click below to watch a sneak peek of our brand new course!

Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

Click here to check out a sneak peek and learn more.

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