What do you all think of this guy/idea?

[Exiledx66]

http://www.disinfo.com/2010/11/eric-...ch-revolution/

[Aw Yeah]

I don't think my $17 is going to impact the economy that much. The ATM wont even let me take it out. Good luck revolutionaries.

[oedipus rex]

:alf:

[the BS method]

I think think individuals, like us, hold such a pittance of this nations wealth at this point it wouldn't do anything.

Even of this pittance, a lot of it's tied up in debt and shit like 401k's--money that in some way is supposed to be yours, but you can't touch.

[Exiledx66]

Imagine how much more pissed off everyone would be if they actually withdrew their collective pittance and witnessed no effect.

[ditkaworshipper]

I'm betting he's the only millionaire involved in the plan. You need the 95-98 percentile to make this work.

[ElDucky]

The banks would just turn us against each other. They'd be all "I don't
have your money here. It's at Bill's house and Fred's house." Then you'd be all, "Hey, what the hell are you doing with my money in your house Fred?"

[ElDucky]

Originally Posted by ditkaworshipper

I'm betting he's the only millionaire involved in the plan. You need the 95-98 percentile to make this work.

Well no. M1 is a small fraction of M3.

[Exiledx66]

http://pogoprinciple.wordpress.com/2...cember-7-2010/

December 7 Is The Unofficial Pan-European Bank Mutiny Day

After German blog “All is Smoke and Mirrors” floated an idea of an organized bank run (something attempted previously in the US without much success) in France in response to French austerity protests (which have resulted in no gains), the effort has since expanded to a pan-European organized bank run day on December 7, 2010, and has metastasized to Italy, Germany, the Netherlands, the UK and Greece. We are confident that very soon the rest of Europe, which is currently gripped in a climate of extremely unpopular austerity, will join in this symbolic protest against banking, which unlike the US, may just succeed, considering the European banking system is in total shambles, and in far worse shape than its American counterpart.

Since virtually all actions in 2010 by the global central banking cartel have been geared toward stabilizing the European banking system which continues to wobble on the edge of a complete systemic collapse, perhaps the marginal withdrawal of a few billion in deposits could be just the straw that forces a reset first in Europe, and shortly thereafter in the rest of the globalized developed (and then developing, proving what a joke the whole concept of decoupling is) world. As America has demonstrated so very well, 25 weeks of consistent withdrawals from domestic funds (sorry CNBC, there have not been inflows yet, confirming yet again that fact and propaganda don’t mix yet) have resulted in a quarter in which bank earnings were simply said crushed. Had Americans followed through and withdrawn their deposits from banks it would have been the final straw. Luckily, the lack of organization among the US population gave the US banking system a reprieve. In Europe things are different: banks are not as reliant on trading, however, they are far more reliant on a stable deposit base to sustain the Ponzi. Therefore, even a partially successful withdrawal campaign could have far more dire consequences to the continent’s banking system, and bring the financial system to its proverbial knees.

And before some accuse the blog’s activism of some vile form of megalomaniacal quackery, we should highlight that the action has already been noted by such reputable newspapers as Suddeutsche Zeitung. Furthermore, in just 24 hours 1,500 readers have pledge their support to the action’s various Facebook support sites, and another 48,000 are on the waitlist. We hope that more alternative media (the mainstream will unlikely support such a radical venture) catches on, and more Europeans realize they have all to gain and little to lose from forcing the balance of power to shift away from the banks, and into the hands of the people.

As for those who wonder why Europe’s banking is much more fragile from a deposit base perspective, we present the graphic below comparing asset bases of American and various European banks: since both Europe and the US have roughly comparable GDPs, one would assume that the two regions’ banking systes would have the same asset bases. That, however, is completely wrong. In fact Europe’s asset base is roughly ten times, if not more, as great, even as it supports an economy the same size as that of the US. Which is also why it is far more unstable as the marginal utility of every deposit dollar goes that much further via the fractional reserve banking model, and supports that many more assets. In other words, every dollar withdrawn in Europe would have roughly the same impact as 10 in the US.

Which is why this action actually has a chance of success. And even more so that when it comes to political activism, Europeans tend to be far more ready to participate in joint causes, unlike their apathetic US brethren, who are perfectly content to watch the world series and collect their unemployment checks (soon expiring).

Perhaps in a jesture of poetic irony, some two hundred years after America showed the “Old World” what miracles an emancipated and ambitious population can do when it revolts, it will be the Old World’s turn to return the favor, and rebel against that most destructive of concepts ultimately created by this splinter experiment from across the Atlantic: Central Banking and a fiat system in which money literally grows on trees.

For our European readers who wish to participate in this experiment, below are the various facebook support pages:

Italy
France
Germany
Holland
Great Britain
Greece

[Exiledx66]

This is my last bump on this thread. I don't recall ever hearing about a recent organized bank run in America... has anybody independently heard about the plan in france?