Yeah I learned while researching bankruptcy as a possibility for my unsecured debt that debtor prison went away in 1776 and it's strictly a civil issue. It seems if you don't own anything that isn't exempt, there's nothing they can take and garnishment is easy to dodge. My creditors won't get a dime out of me. The research this thread led me to makes me feel pretty good. Thanks bro.
Interesting. I just checked and you're right. If you're willing to sacrifice your credit score, this works. While confirming all this I also found out my state doesn't garnish wages for unsecured loans and credit card debt, and exempts almost all property. There are literally no consequences to my debt besides an imaginary jew number. Time to hit the gun store.
The fucking french i cant believe they kicked it off over the germans. If they win and throw out the rothchilds and declare independence from jew tyrany we will team up with germany this time to go and crush the rebellion against the jew banksters! Act three might be starting.
Even if you took every physical dollar out of a bank, would it even matter now that our 'credits' are stored digitally? Could I not use my debit card anymore because the bank didn't have any physical cash on hand?
The issue is that banks are limited in the loans they can give out based on deposits. Your $1,000 deposit turns into a $10,000 loan the bank can issue out. So your withdraws has a disproportional impact on the bank.
Bank runs are no longer a thing. Banks won't close if everyone removes their money. Banks don't need your money to make loans, and earn profits any more. Shows the yellow vests don't understand the powers at play.
Its time to bring the banks down, because they are financing the whole system of globalism and probably promoting the taxes on gas that are hurting the lower middle classes and middle classes in the general population. They essentially have the government and the people in bondage and Macron is their middleman.
As some fellow goats accurately posted this will result to a Greece where you can only withdraw €1200 per month , yet due to an EU law you can cross the border , open an account in another EU country , transfer your money and withdraw from there .
This sounds wrong. Do we know for sure it's the people behind the bank run? Someone like the FED tried to pull 5 trillion out of the US banks on January 1st 2018 according to a video by William Mount. He didnt exactly say it was the fed. It could have been another faction of the cabal. Anyway it was caught and stopped. I'm not sure it's the every day people starting the bank run.
It's all over social media... where (((they))) could easily black it out. Something tells me juden has this as part of some plan. Keep in mind they love instability. Be careful baguette bros.
Without a plan B all they are doing is making the rich richer. What happens during a crash, prices drop and rich people further consolidate their wealth.
Unless they are willing to talk about bringing back the franc backed with assets then this is really counter intuitive ( even though I fucking love it god bless the french! ).
No, in this instance, prices will hyperinflate and more will join the movement in response as fractional reserve banking, the root of kike hegemony, is exposed. This is exactly what needs to happen.
The EU countries have been very quick at shutting down banks and throttling withdrawal rates at the last several bank runs during the currency crisis. If this would happen at a scale large enough to hurt the banks, it would already have been shut down.
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It depends on how you act at the teller and what you say, as well as they have discretion on weather you get reported.
Banking activity can result in two different kinds of reports, and the filing requirements are different for each. Suspicious activity reports relate to $2,000-limit transactions involving alarming activity. The bank has 30 days to file this report, and, by law, it can't let you know that it's done so. A currency transaction report applies to transactions of $10,000 or more. The bank has only 15 days to file a report of this nature, and it must keep copies of such reports for five years.
FinCEN also instructs banks to be observant for signs of "structuring" – behavior that might indicate someone is trying to get around the usual reporting rules. For example, you might withdraw $6,000 in cash because you're leaving for vacation. Unaware that you've done so, your spouse might do the same thing a few hours later. But this innocent mistake would trigger a report, because the two withdrawals total more than $10,000 from the same account, even though two separate people made them. Structuring usually involves the deliberate use of multiple smaller transactions to avoid any single transaction that will trip a reporting flag, especially if they're made at different branches of the same bank.
Watched five minutes of him on YouTube. He's taking about paying for land in silver to get an Allodial title. Sorry but he sounds like he's not quite all there. Don't get me wrong I'd love to get out of property tax but ....... it doesn't work that way whether it should or not.
I dont know. Ask William Mount what they were planning. I'm just trying to explain that it's usually black hats behind bank runs. Maybe the cabal just wanted chaos.
Demanding money that the bank doesint has crashes the bank from giving out money right? Sure people could still use electronic, but it would cause people to get upset that they can't access their bank account to get cash
No. You signed an agreement when you sign up with your bank that gives them up to a full week to get the money for you should you withdraw it. They have one week to go to their central bank and get the money for you to withdraw from your account. Every customer that bank has could pull 100% of their deposits out of any Bank on the face of the planet, and do absolutely nothing to shut that bank down. They do not depend on you for their money. They get their money from the central bank.
So, what you're saying is, that you, like the yellow jackets, don't understand how the central bank and fractional reserve systems work. Have you never even heard of Ron Paul? The central bank creates the money. They can print how ever many trillions of dollars they need. And, because every first world country has the FDIC equivalent, the laws of each country allow for it. All trying to crash a bank by withdrawal does, is put the country further into debt because the federal government of that country is responsible for those newly created debt notes. And look at the numbers, the average first worlder owes far more to the banks than the average first worlder has on deposit. They are far more capable of crashing you than you them.
Dude of course they can print money, but there's not enough printed cash to physical hand everyone. Most of people's money are stored on a computer. In the before days, each printed dollar represented gold or silver. So, you could always go in and change out your dollar bill for gold. Since it was "backed by gold", nowadays money is backed by faith. There is no physical representation of money. Once people get red pilled on current jew banking, this might bring about change, for the bank and Jewish question all in one swoop
Butv that's just it. There wont be a red pill. The bank has 5-10 days to hand you your money. They will have zero problems giving the people (what few actually do take all their money out) their money on that time line. No one is going to not undetstand that if hundreds of people go to the bank, the bank may not have all that cash on hand. No one thinks that banks keep 100% of their deposits in a vault on location. It won't crash the bank, and the minor inconvenient of having to wait 5-10 days is easily explained by the bank and part of a policy that you agree to when you open the account. No one gets red pilled. No one, who doesn't already, thinks "those fuckin' jews". Nothing. And again, the people owe the banks more than the banks owe the people, so all that cash comes back to the bank when the mortgage, car payment, and loan payments are due. Nothing more than a slight inconvenience for the bank, and a bigger inconvenience for the person pulling their money out.
It would take hours to print billions. It isn't backed by anything. The only limiting factor is the speed of the printer. And you tell me, how much money do you think the French people (67 million people) have on deposit? Even if 100% of the population pulled the money, it wouldnt do a damn thing. And again, as soon as the mortgage was due, the money would start flowing back in.
Average frenchy prob has 50,000k in all. Even if you did 1/3 of that it would take 1 trillion dollars to be printed. It's also not just printed, it has to go through the channels, money DRM, coating, etc. Plus shipping that much. I doubt they can print 1 billion dollars per hour, that would take an insanely fast printer. That's 10 million bills per hour.
You're high as a kite if you think the average frenchi has $50k in cash in the bank. The average American account holder has less than $500.00. If the average Frenchi had $50k in cash, they wouldn't give a shit about a gas tax.
I didint just say cash i said in total. That includes bank assets and investments. I guess 30,000k is probably more realistic. American average checking money is around 10k. That doesint include savings or other assets. It'd be close to 30-60k
Outside of cash deposits, the bank has no obligation to act in any time frame, and early withdrawal penalties on most non-cash investments are insane. Only a fool with $50k invested in banking assets would cash that in to get themselves red pilled and pissed at jews. You're just trying to win an argument, not actually have a discussion for forward an issue. Those yellow jackets are idiots if they think people should or would withdraw those kinds of investments solely to point a finger at jews and piss people off.
And the average American checking account is no where near $10k.
Lol the bank will have an obligation when people demand their money. You obviously think these yellow vests are just going to wait in line for months lol. I meant to say tax paying American, America, like France is a wellfare nation. Since we are talking about yellow vests, we can assume most of them are tax payers. The purpose of the bank run in to destablize the government until their demands are met. Obviously that's going to have negative consequences, but you can fix money problems, you cannot fix demographics so easily.
No. The bank has no obligation to immediately hand over cash to holders of non-cash investments and assets. And the yellow vest protesters are a tiny fraction of the population of France. There can be no bank runs when the currency can simply be printed and backed by nothing and banks wont crash just because cash, investments, and assets are withdrawn. No reasonable thinking person, with investments and assets in banks, is going to withdraw all of their money if it means heavy penalties, and even if they did, it wouldnt matter. If the yellow vests make any differences, it isn't going to be by actions taken against banks. There will be no bank runs.
There will be no bank crashes. Watch.
Do you not understand what happens with a bank run? The regular folks get shafted and the banksters buy up property when there's blood in the streets. Dont give me Jew hate until you look into this buddy. And who do you think started cryptos silly gentile? If yellow vests are actually behind this, they are more stupid than either you or I.
Thanks for confirming your status by calling me a gentile and I’m proud to be goy. There is no money. I’ll say it again. There is no money. Those credits in the savings accounts are debt instruments. The are sufficient for paying off debts. (Read the HJR 192.) So the little guy is punished because he’ll be deprived of paying off his debt...a debt that never disappears?
Due to fractional reserve banking, withdrawing 1-4 k en masse would actually have a very bad effect on the banking sectors liquidity ratio. The banks will generally create approx 10x more credit than they have in deposits, so each 1 taken out is 10 taken in the banks balance sheet, and that 10 is probably loaned to another bank and so on.
Banking is a speculative market as a result of the above. The mere notion that a bank or financial institution may not be able to repay its debts is enough to damage the sector as a whole. It's a trust network based on the premise that things will either stay the same or get better generally over time.
Crashing the banks is only effective if you stifle the top 0.1% from just buying everything up at firesale prices. This is a very effective way to crash the financial sector but the only people that win are the people that own the banks who retain credit and liquidity even when the market is at its lowest.
I don't have solid numbers but i have to assume even if every customer had on average half that, so $2,000, and they all wanted their money at the same time, the bank would have to close down. bank generally service thousands of people, imagine them all demanding their $2,000, that's 2 million cash, banks dont carry that on hand daily.
How easy would it be to cut off cryptos? Crash the internet. Crash the site? Declare cryptos illegal and confiscate everything? You do know there's a likelihood that Jews are behind cryptos.
You'd basically have to shut down the entire internet. They're not data-heavy to use, and they're encrypted. So full shut down would be needed... even then the chain would remain in any nation where the internet functions.
I've got ammunition for if the internet goes down. Our entire economy relies on the internet at this point, if they shut it down, it's time for ammunition and gold to be currencies.
riffwraff ago
Yeah I learned while researching bankruptcy as a possibility for my unsecured debt that debtor prison went away in 1776 and it's strictly a civil issue. It seems if you don't own anything that isn't exempt, there's nothing they can take and garnishment is easy to dodge. My creditors won't get a dime out of me. The research this thread led me to makes me feel pretty good. Thanks bro.
riffwraff ago
Interesting. I just checked and you're right. If you're willing to sacrifice your credit score, this works. While confirming all this I also found out my state doesn't garnish wages for unsecured loans and credit card debt, and exempts almost all property. There are literally no consequences to my debt besides an imaginary jew number. Time to hit the gun store.
riffwraff ago
Pretty sure your employer removes the money from the check when your wages are garnished, not the bank
mpigpen16 ago
It will take a little more than a couple thousand protesters to “destabilize” the banking system.
HenryCabotLodge ago
Go for it. They will Crete You - 300$ per day withdraw coming. Because you are slaves and sheep.
jesus_is_lord ago
https://www.youtube.com/watch?v=4fHj7Xt_iG8 .,
Doglegwarrior ago
The fucking french i cant believe they kicked it off over the germans. If they win and throw out the rothchilds and declare independence from jew tyrany we will team up with germany this time to go and crush the rebellion against the jew banksters! Act three might be starting.
rektumsempra ago
This is amazing. I'm gonna be glued to my electricity window when shtf
Lonecrowe ago
Everybody do it too in USA and Canada (fuck the uk)
Moms_spaghett1 ago
Why not take their money out then start burning the banks?
theshopper ago
Is this how we the people take down the banks via their factional reserve lending practices?
2Weird2Live ago
Even if you took every physical dollar out of a bank, would it even matter now that our 'credits' are stored digitally? Could I not use my debit card anymore because the bank didn't have any physical cash on hand?
FuckBlackRifleCoffee ago
The issue is that banks are limited in the loans they can give out based on deposits. Your $1,000 deposit turns into a $10,000 loan the bank can issue out. So your withdraws has a disproportional impact on the bank.
FreeinTX ago
Bank runs are no longer a thing. Banks won't close if everyone removes their money. Banks don't need your money to make loans, and earn profits any more. Shows the yellow vests don't understand the powers at play.
Walk1 ago
Its time to bring the banks down, because they are financing the whole system of globalism and probably promoting the taxes on gas that are hurting the lower middle classes and middle classes in the general population. They essentially have the government and the people in bondage and Macron is their middleman.
Shishamo ago
Now they're making some solid moves.
Mogumbo ago
Fuck you france
Lucky14 ago
Everyone declare bankruptcy at the same time and stick them with the debt. /s
Goys-R-Us ago
They'll just print more, lol.
alalzia ago
As some fellow goats accurately posted this will result to a Greece where you can only withdraw €1200 per month , yet due to an EU law you can cross the border , open an account in another EU country , transfer your money and withdraw from there .
a100167 ago
HAH! That's awesome.
American-Patriot ago
we have no gold or silver so bank runs means NOTHING!! The money value is only an illusion of wealth when it is backed by nothing.
FuckBlackRifleCoffee ago
The bank needs money to issue loans.
wokeasfook ago
Optics always mean something.
fuckmyreddit ago
This sounds wrong. Do we know for sure it's the people behind the bank run? Someone like the FED tried to pull 5 trillion out of the US banks on January 1st 2018 according to a video by William Mount. He didnt exactly say it was the fed. It could have been another faction of the cabal. Anyway it was caught and stopped. I'm not sure it's the every day people starting the bank run.
freedumbz ago
It's all over social media... where (((they))) could easily black it out. Something tells me juden has this as part of some plan. Keep in mind they love instability. Be careful baguette bros.
LostandFound ago
Without a plan B all they are doing is making the rich richer. What happens during a crash, prices drop and rich people further consolidate their wealth.
Unless they are willing to talk about bringing back the franc backed with assets then this is really counter intuitive ( even though I fucking love it god bless the french! ).
LampshadeMaker ago
No, in this instance, prices will hyperinflate and more will join the movement in response as fractional reserve banking, the root of kike hegemony, is exposed. This is exactly what needs to happen.
Pwning4Ever ago
Crash
Fed prints money
Money goes to assets (stock market)
Printed money is inflation, our bills and groceries goes up.
fuckmyreddit ago
I think it might be the rothschilds trying to crash the banks. Maybe Juncker. See my other comment below about someone trying to crash us banks.
rspix000 ago
How do you say "Occupy" in French?
bloodguard ago
If we started doing that here the police would camp out in bank parking lots and start seizing all the cash under asset forfeiture.
"I smelled teh devil weed so they must be drug dealers, your honor"
Octoclops ago
This is why you go in a big group. And it's exactly why people like (((Jordan Peterson))) promote blind individualism.
apajeet ago
damn you are right. good to be wary of this. I plan to slowly pull out cash over the next few months. 2019 is going to be wild.
Gorillion ago
You keep the cops busy by having big protests further uptown where the politicians are.
Skyrock ago
The EU countries have been very quick at shutting down banks and throttling withdrawal rates at the last several bank runs during the currency crisis. If this would happen at a scale large enough to hurt the banks, it would already have been shut down.
SearchVoatBot ago
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Boycott_Israel ago
It depends on how you act at the teller and what you say, as well as they have discretion on weather you get reported.
Banking activity can result in two different kinds of reports, and the filing requirements are different for each. Suspicious activity reports relate to $2,000-limit transactions involving alarming activity. The bank has 30 days to file this report, and, by law, it can't let you know that it's done so. A currency transaction report applies to transactions of $10,000 or more. The bank has only 15 days to file a report of this nature, and it must keep copies of such reports for five years.
FinCEN also instructs banks to be observant for signs of "structuring" – behavior that might indicate someone is trying to get around the usual reporting rules. For example, you might withdraw $6,000 in cash because you're leaving for vacation. Unaware that you've done so, your spouse might do the same thing a few hours later. But this innocent mistake would trigger a report, because the two withdrawals total more than $10,000 from the same account, even though two separate people made them. Structuring usually involves the deliberate use of multiple smaller transactions to avoid any single transaction that will trip a reporting flag, especially if they're made at different branches of the same bank.
voatusernamevoat ago
What do bank runs matter in the face of currency printing?
vastrightwing ago
It's the psychological effect. Also banks only have minimum M1 currency on hand.
voatusernamevoat ago
I'm thinking in terms of virtual, in which the amount they can "print" is unlimited.
BumFightChamp ago
well, if they ALL pulled out of nigger faggot NWO banks and put them into small and local credit union banks, it actually would fuck the NWO over
Mbailey63 ago
Send them guns! Viva la France!!!
undertheshills ago
That shit will work. 3 million people cashing out their savings.
My-Name-is-Mud ago
Why announce it first?
Whitemail ago
Oy vey. That's anti-semitic.
benjitsu ago
Ha! (((They))) love it! Declare bankruptcy on imaginary money and then buy your bank back for pennies on the shekel!
GuantanamObama ago
(_hand rubbing intensifies)_
Eleutheria ago
This was the important lesson to take away from "It's a Wonderful Life".
benjitsu ago
Fuck it is basic business now in America for a long time. Look at Station Casinos/Zuffa/UFC...I am sure Trump has even taken advantage of this
Anomalia ago
People connecting the dots again. Will see how far this cycle will take it.
fuckmyreddit ago
I doubt the people are trying to crash the banks. It could be someone else. See my main comment below. Crashing the banks hurts everyday people.
Rellik88 ago
Maybe they shouldn't loan 9 times what they actually have in money.
tastelessinvective ago
Watched five minutes of him on YouTube. He's taking about paying for land in silver to get an Allodial title. Sorry but he sounds like he's not quite all there. Don't get me wrong I'd love to get out of property tax but ....... it doesn't work that way whether it should or not.
not_saying_a_thing ago
January 1st was a federal holiday. How exactly did they try to do this?
dirt_reynolds ago
Sorcery.
fuckmyreddit ago
I dont know. Ask William Mount what they were planning. I'm just trying to explain that it's usually black hats behind bank runs. Maybe the cabal just wanted chaos.
FreeinTX ago
You cant crash a bank by withdrawing money. This is the current year, not 1865.
GoyimNose ago
Demanding money that the bank doesint has crashes the bank from giving out money right? Sure people could still use electronic, but it would cause people to get upset that they can't access their bank account to get cash
FreeinTX ago
No. You signed an agreement when you sign up with your bank that gives them up to a full week to get the money for you should you withdraw it. They have one week to go to their central bank and get the money for you to withdraw from your account. Every customer that bank has could pull 100% of their deposits out of any Bank on the face of the planet, and do absolutely nothing to shut that bank down. They do not depend on you for their money. They get their money from the central bank.
GoyimNose ago
Right and your saying that the central bank has trillions and trillions of dollars in printed cash? Doubtful.
FreeinTX ago
So, what you're saying is, that you, like the yellow jackets, don't understand how the central bank and fractional reserve systems work. Have you never even heard of Ron Paul? The central bank creates the money. They can print how ever many trillions of dollars they need. And, because every first world country has the FDIC equivalent, the laws of each country allow for it. All trying to crash a bank by withdrawal does, is put the country further into debt because the federal government of that country is responsible for those newly created debt notes. And look at the numbers, the average first worlder owes far more to the banks than the average first worlder has on deposit. They are far more capable of crashing you than you them.
GoyimNose ago
Dude of course they can print money, but there's not enough printed cash to physical hand everyone. Most of people's money are stored on a computer. In the before days, each printed dollar represented gold or silver. So, you could always go in and change out your dollar bill for gold. Since it was "backed by gold", nowadays money is backed by faith. There is no physical representation of money. Once people get red pilled on current jew banking, this might bring about change, for the bank and Jewish question all in one swoop
FreeinTX ago
Butv that's just it. There wont be a red pill. The bank has 5-10 days to hand you your money. They will have zero problems giving the people (what few actually do take all their money out) their money on that time line. No one is going to not undetstand that if hundreds of people go to the bank, the bank may not have all that cash on hand. No one thinks that banks keep 100% of their deposits in a vault on location. It won't crash the bank, and the minor inconvenient of having to wait 5-10 days is easily explained by the bank and part of a policy that you agree to when you open the account. No one gets red pilled. No one, who doesn't already, thinks "those fuckin' jews". Nothing. And again, the people owe the banks more than the banks owe the people, so all that cash comes back to the bank when the mortgage, car payment, and loan payments are due. Nothing more than a slight inconvenience for the bank, and a bigger inconvenience for the person pulling their money out.
GoyimNose ago
There's no way banks will be able to hand out that amount of cash in 5-10 days. They would need at least 2 to 5 years.
FreeinTX ago
It would take hours to print billions. It isn't backed by anything. The only limiting factor is the speed of the printer. And you tell me, how much money do you think the French people (67 million people) have on deposit? Even if 100% of the population pulled the money, it wouldnt do a damn thing. And again, as soon as the mortgage was due, the money would start flowing back in.
GoyimNose ago
Average frenchy prob has 50,000k in all. Even if you did 1/3 of that it would take 1 trillion dollars to be printed. It's also not just printed, it has to go through the channels, money DRM, coating, etc. Plus shipping that much. I doubt they can print 1 billion dollars per hour, that would take an insanely fast printer. That's 10 million bills per hour.
FreeinTX ago
You're high as a kite if you think the average frenchi has $50k in cash in the bank. The average American account holder has less than $500.00. If the average Frenchi had $50k in cash, they wouldn't give a shit about a gas tax.
GoyimNose ago
I didint just say cash i said in total. That includes bank assets and investments. I guess 30,000k is probably more realistic. American average checking money is around 10k. That doesint include savings or other assets. It'd be close to 30-60k
FreeinTX ago
Outside of cash deposits, the bank has no obligation to act in any time frame, and early withdrawal penalties on most non-cash investments are insane. Only a fool with $50k invested in banking assets would cash that in to get themselves red pilled and pissed at jews. You're just trying to win an argument, not actually have a discussion for forward an issue. Those yellow jackets are idiots if they think people should or would withdraw those kinds of investments solely to point a finger at jews and piss people off.
And the average American checking account is no where near $10k.
GoyimNose ago
Lol the bank will have an obligation when people demand their money. You obviously think these yellow vests are just going to wait in line for months lol. I meant to say tax paying American, America, like France is a wellfare nation. Since we are talking about yellow vests, we can assume most of them are tax payers. The purpose of the bank run in to destablize the government until their demands are met. Obviously that's going to have negative consequences, but you can fix money problems, you cannot fix demographics so easily.
FreeinTX ago
No. The bank has no obligation to immediately hand over cash to holders of non-cash investments and assets. And the yellow vest protesters are a tiny fraction of the population of France. There can be no bank runs when the currency can simply be printed and backed by nothing and banks wont crash just because cash, investments, and assets are withdrawn. No reasonable thinking person, with investments and assets in banks, is going to withdraw all of their money if it means heavy penalties, and even if they did, it wouldnt matter. If the yellow vests make any differences, it isn't going to be by actions taken against banks. There will be no bank runs. There will be no bank crashes. Watch.
Xax ago
Crashing the banks is a virtue. Go Jew some where else.
fuckmyreddit ago
Do you not understand what happens with a bank run? The regular folks get shafted and the banksters buy up property when there's blood in the streets. Dont give me Jew hate until you look into this buddy. And who do you think started cryptos silly gentile? If yellow vests are actually behind this, they are more stupid than either you or I.
Xax ago
Thanks for confirming your status by calling me a gentile and I’m proud to be goy. There is no money. I’ll say it again. There is no money. Those credits in the savings accounts are debt instruments. The are sufficient for paying off debts. (Read the HJR 192.) So the little guy is punished because he’ll be deprived of paying off his debt...a debt that never disappears?
Mogumbo ago
It's okay bradah we can barar like in mad max
NosebergShekelman ago
That was me. I needed serious shekels for that new Japanese sex doll thingy. oy vey
Boycott_Israel ago
Lol. The average American has how much in the bank? banks are immune to runs if they enslave you with debt first.
The average American has less than $4,000 in savings, while 57% of U.S. adults have less than $1,000 to their names.May 21, 2018
Jujubean ago
so, you stop paying your loans. Even better goy.
Diggernicks ago
Yay, I'm above average!
LostandFound ago
Three points of note here
Due to fractional reserve banking, withdrawing 1-4 k en masse would actually have a very bad effect on the banking sectors liquidity ratio. The banks will generally create approx 10x more credit than they have in deposits, so each 1 taken out is 10 taken in the banks balance sheet, and that 10 is probably loaned to another bank and so on.
Banking is a speculative market as a result of the above. The mere notion that a bank or financial institution may not be able to repay its debts is enough to damage the sector as a whole. It's a trust network based on the premise that things will either stay the same or get better generally over time.
Crashing the banks is only effective if you stifle the top 0.1% from just buying everything up at firesale prices. This is a very effective way to crash the financial sector but the only people that win are the people that own the banks who retain credit and liquidity even when the market is at its lowest.
fr33europe ago
I think 10x is a vast understament
carlip ago
I don't have solid numbers but i have to assume even if every customer had on average half that, so $2,000, and they all wanted their money at the same time, the bank would have to close down. bank generally service thousands of people, imagine them all demanding their $2,000, that's 2 million cash, banks dont carry that on hand daily.
FuckBlackRifleCoffee ago
Many banks don't even have $100,000 on hand.
hang_em_high ago
Plan B: rack up as many credit cards as possible with worthless shit and tell the jew banksters to fuck themselves
riffwraff ago
They just sue you and garnish your wages
vastrightwing ago
Jubilee!
JohnGoodman ago
At the very least, it will piss them off. God knows the jew bankers like to hoard every shekel possible
tastelessinvective ago
Meh. I mean they could all just default on the same day right?
Whitemail ago
Yes and even though this is true, do you know what we need? We need more people here! /s
anon_8a1728 ago
hell ya
Sw0rdofDamocles ago
That's absolutely BRILLIANT!
bluedeath ago
They may be a surly and sometimes ridiculous lot, but the French when properly motivated do revolutions with inspired style.
Turn_Coat ago
My crypto bags are ready.
fuckmyreddit ago
How easy would it be to cut off cryptos? Crash the internet. Crash the site? Declare cryptos illegal and confiscate everything? You do know there's a likelihood that Jews are behind cryptos.
Turn_Coat ago
You'd basically have to shut down the entire internet. They're not data-heavy to use, and they're encrypted. So full shut down would be needed... even then the chain would remain in any nation where the internet functions.
fuckmyreddit ago
How will you access cryptos when they shut down the internet?
Turn_Coat ago
I've got ammunition for if the internet goes down. Our entire economy relies on the internet at this point, if they shut it down, it's time for ammunition and gold to be currencies.
I_WIN_U_KNOW ago
Crypto will be the least of your worries if they shut down the internet.
CTCZ ago
You don't. That's when you fall back to that part of your wealth that you invested in gold or silver.
BloatedVoatGoat ago
No, guns ammo and booze
QuickMafs ago
actually internet is technically not necessary for crypto
1234554321 ago
What, do you use pidgeons?
QuickMafs ago
Theoretically you could but even if they shut down the internet you would still probably be able to use a ham radio or something
deleteme123 ago
You do want the transaction to go into the distributed database at some point...
SIayfire122 ago
Hopefully you have at least 10% of your crypto on something other than btc.
Turn_Coat ago
Yes, I do.
FuckshitMcDickTits ago
dogecoin is the only valid alternative.
Inaminit ago
Bien. Prenez les cocksuckers directement dans la chatte. Nous verrons qui fronce en premier.
thewhitewizzard ago
so this means ?
Good . <don't know this work>> the cocksuckers directly in the pussy. we will see which <<unsure of word>> is first.
My French isn't very good . . .
TheTrigger ago
https://imgoat.com/uploads/cdd60ea004/183784.jpg
BB-3 ago
It's gotta be fuck.
TheTrigger ago
> grab
BB-3 ago
That works too