Eric Cantona (ex soccer star) talks about french bankrun.

I don't follow soccer but apparently this guys pretty famous. I wonder if this will catch on in America if the french are successful?

nice thread ..Eric Cantona is very famous and he was very good soccer player but i dont think there will be huge wihdrawal of money on 7th december , there is not yet critical mass and good organisation for such a huge operation.

reply to post by xavi1000


Eric is a legend, but I agree this is too little too late, it needs at least 12 months momentum for something like this to take hold and gain support.

reply to post by woodwardjnr


Maybe so, but maybe a gradual withdrawl is the best way anyways. If there is a bank run they'll just shut the doors.

Hmmmmmm……. I guess in theory this could work, although you really don’t need to pull all the deposits out of the banks. Due to fractional reserve banking you probably only need to withdraw 20% to 30% screw their balance sheets up. A typical bank has its deposits leveraged up to 80-90% so if you removed 20% or more of their reserve deposits you would most likely put the bank in an over leveraged situation.
But I could be wrong.

reply to post by mayabong


I just saw this on youtube.

So glad there was a thread about it here on ATS. Only problem is, it has been buried.

Anyone who reads this thread, please bump with a reply.

[font=Trebuchet MS]

Le Run on The Bank.

To make us more effective I will particularly focus my efforts on the French bank which is the most fragile in defense due to its position in the derivatives markets, Société Générale.

I don't care what you think as long as you keep talking of the soft lead!

I am not a man, I'm Cantona.

[/font]