Wednesday, November 2, 2011

Local writer makes a case for Bank Transfer Day

Posted By on Wed, Nov 2, 2011 at 9:45 AM

This Saturday, Nov. 5, Occupy Wall Street is challenging people to shun traditional banking institutions and transfer all their money to local credit unions. Mark Sundeen, a Missoula-based author, acknowledges many can't wrap their head around "a world without instant credit and a cash machine on every corner," but then ups the ante to imagining a world without any money at all.

In an essay posted earlier this week at Huffington Post, Sundeen introduces the subject of his upcoming book, titled The Man Who Quit Money. In 2000, Daniel Suelo left his last $30 in a phone booth and walked away. Since then, he's lived without money, debt or welfare. Sundeen writes, "during this season's uprising his choices may seem prophetic."

Sundeen and Suelo note that it's "too radical" to assume everyone will follow Suelo's extreme example. But there's still a lesson to be learned here.

Perhaps what binds Suelo and Occupy Wall Street most closely is a belief that resistance must transcend specific policy demands. "It's not a fight against anything," Suelo wrote about Occupy in his blog. "It's a simple refusal to cooperate with what we know to be deceptive and destructive. We must get out of victim mentality and realize the power is in our hands to be free, not in the hands of the banks and corporations."

Read the full column here. The Man Who Quit Money is scheduled for release in March.

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