Dec 15, 2013

How Dealers Can Boost the Shop Local Movement

No matter what you think of the Occupy Wall Street movement, it holds the seed of a successful holiday sales season for antique dealers.

The Wall Street protestors have expressed frustration with taxpayer bailouts of “too big to fail” corporations who take public tax money and then raise banking fees, restrict access to loans, and then give their CEO’s big bonuses. Versions of Occupy Wall Street have spread across the United States plus 951 European cities and 82 countries around the world. The public is endorsing the message: institutions and individuals are moving their money to hometown banks. Hometown banks have seen out-of-the-ordinary surges in deposits in the past several months.

Not only are individual citizens fed up with the “too big to fail” mentality of the banking conglomerates, state governments are as well. Lawmakers in Maryland, Massachusetts, New Mexico and Minnesota have all voted to move state funds into local banks and credit unions. Labor unions, small businesses and municipalities are also moving funds to local institutions. Read More

No comments:

Post a Comment