In the Nineteenth Century populism was characterized by first anger and then legislative action against banks, monopolies and the railroads. Among the leaders of the populist movement were Democrat William Jennings Bryan, socialist Eugene V. Debs and Republicans Robert La Follette and Theodore Roosevelt.
The true evil genius of today's banksters, monopolists and investors is that through organizations they bank roll, Grover Norquist's Americans for Tax Reform, The Cato Institute and so on, and especially their control of the "mainstream media" featuring right wing mouthpieces like Glenn Beck and Rush Limbaugh populism has been turned on its head. Through decades of propaganda, beginning as far back as the Nineteen Fifties, working class resentment at the inherent unfairness and inequality of the capitalist system has been refocused and reframed on the one institution which has the power to control the excesses of Wall Street, the federal government.
Moving accounts from one of the "too big to fail" maga banks into community banks and local credit unions will send a message to Wall Street, especially if the Wall Street investors see their profit margins decline. However this will be only a temporary palliative for the banksters will merely alter their method of doing business for a time to recapture business lost to CUs and small community banks, then it will be back to business as usual.
The reason governments exist at all is to control the economy. This government has shirked that responsibility for far too long.
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