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Originally posted by earthdude
A panic would lead to rioting in the streets and mass starvation. But we might need it. They were too greedy and made it impossible for those not in the club to earn a living. I already abandoned the banks. I think starting a panic is against the law, but the rule of law was lost years ago.
Originally posted by TechUnique
I really would jump in on this and help out... but... I'm piss poor!
I'll join in on the protests and riots though.
I really agree with this concept and it really could work. Problem is getting enough people on board. Are people in a desperate enough state to come together on something like this yet? Could take some more time. Over here in the UK anyway.
Originally posted by Threegirls
reply to post by ratsinacage
Yes, you are right.
There is only one problem with your proposal. Most of us are not and will never be in a position to do so.
Those that can should do so though, then we can come and live with you, don't worry we are used to working hard and will work the land together.
Originally posted by rikgrimsby
this isn't the first thing ive read about this this week. i have too been thinking of drawing all my cash out off my accounts ( i will keep enough cash in my accounts to cover bills ect tho...) and keeping it in a safe. i do believe this is the only way "they" will listen. on the other hand it just be another step forward to a cash less society but saying that its coming to a cash less society as i write this through various things going on around the world. iam for one am going to with draw my money and keep it t home in a safe. hurt them were it hurts while i can... if a lot off ppl do this it might make a difference
Originally posted by Ashertron
I have no idea whether or not a bank run would "hurt" the Banks BUT you should get your money out while you still can just so you have it.
If your funds are entirely electronic then you're at the mercy of:
1. The banks being open/available/staffed.
2. The banks willingness to give you your funds.
3. The banks having the necessary funds, if any.
4. The banks even existing.
If the banks close/disappear, you're screwed.edit on 4-7-2012 by Ashertron because: (no reason given)
Originally posted by Castillo
reply to post by rockymcgilicutty
A run on the banks would lead to a lot more than inflation, hon.
Originally posted by ratsinacage
im no economist but since money is made up anyway and the banks that have it loan it out with fractional reserve banking and most 'money' on the books is only digital seems to me a bank run would be mostly symbolic and the people would suffer the most from doing it. Additionally, even if the actual printed money had value as soon as everyone withdraws it and causes the economy to grind to a halt or nearly so then the money would begin to lose value anyway since the supply chain would be interrupted and since you cant eat money the people with real goods would no longer trade those goods for the worthless paper or coinage.
i say beat them at their own game....become as self sufficient as you can and encourage everyone you know to do the same. Play their game long enough to reach your goal.
What do the rich do with their 'money' ? They buy something with it as quickly as possible. Its like a game of hot potato.....they get rid of that so called 'money' as quickly as possible and purchase something with intrinsic value, realestate, production capability, etc.....real goods. We should all follow their example!
Originally posted by killbot2012
The banks really don't fear anything. Even if everyone drew their money out and stopped paying interest to them, they would get bailed out by the GOV. The money that was withdrawn and put in a safe at home would possibly be devalued and not worth as much, thus lowering the purchasing power (possibly this could happen).
If everyone stopped using the banks, and I mean everyone, from the local workers to the local businesses, then they might get worried some. We all have to come together and help one another with chores, food, etc. Someone needs a ride to work, give them one. The fractured community social structure is helping the banks stay in power as people rely less on one another and try to be independent. Crock of S if you ask me. I would rather have pot lucks and eat home made pies than go out to eat crap food some place else, and chip in with chores to my neighbors rather than pay some big wig in a office someplace.
If that happened, then things might sway the ivory tower of financial power. Are you willing to talk to all your locals and gather a coalition of support for one another?
Originally posted by Numbers33four
reply to post by rockymcgilicutty
You do not understand who prints and owns your dollars. It is the FED. Did you ever read one of your dollars? It says "Federal Reserve Note" and there is also a star of Israel right there on it in the form of your Great Seal. And the FED actually dictates what you dollars are worth. And the FED is not even a government agency. It is private not public. You really do not see that we are rats in a cage.
Originally posted by ThisIsNotReality
I've been thinking of doing this myself lately. I'm in Europe, in a country that's doing not THAT bad (one of our biggest banks can bankrupt the country though), but I no longer feel my savings are safe, nor do I think I should be doing the banks a favor either.
I do think Europe is a different case though, no printing There has been a bankrun before here, when the big bank got in trouble, but not much came from it sadly.
Originally posted by dayve
Would never work...
Great post.Tell me why it wouldn't work.Don't give the fortune 500 cr4p.We still control 60% of the money.Add something or troll away.