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not proud to be Dutch
Anybody even contemplating pulling THEIR money out of a bank will be caught by....THE PATRIOT APP
I sometimes wonder if we are in some strange filming of 1984...Orwell eat your heart out!
Been there. Done that.
Oh, the irony!!!
Hey, how about we criminalize a bank not being able to withstand a call for a bank run, instead?
For fuck sake.
good idea. laws are cool. now if we could just get some enforcement....
Funny you should mention that. Dreams often are just models or tests to see how you react. The dream I JUST HAD was I was driving my car I couldn't see the road lights were shining on a dirty windhshield a cop pulls me over because I wasn't able to stay in the right lane and he wouldn't let me pull over into it because he as aggressively following me in my blind spot. Simulation ended with me deciding to crush his skull with a hammer.
Test also woke me up because it was using energy flooding to try to get me to "react" unconciously. This always stirs me up and makes me come back out of sleep.
in the united states, it is illegal to instigate a bank run.
however, to call for everyone to withdraw their funds on the same day (or over a 3 to 5 day period), in protest, is completely legal.
something to ponder in the new year.
This is so much bullshit, WHEN are people going to stand up against these bastards. Is there any hope left? It seems it is only getting worse and time running out for all of us. What a crying shame!!!
A group of people (say), about 5,000 - 10,000 who feel their grip on control and way of life is slipping away. The Powers That Were. TPTW
They are very scared. Expect many many convulsions as it struggles.
You have a point. They wouldn't be taking these steps if they weren't worried.
Nah, their not scared this is their version of Chinese water torture.
YOU must be kept on the defense, and YOU, are guilty of breaking "A" law, 100% of the time.
These are simply tools, to let you know your ass is on the hook.
"According to the ministers a bank run can seriously endanger a bank."
It's become obvious that a bank can seriously endanger the life, liberty and health of a society.
If i had been at the Austin Airport i would probably be in jail right now because so many of you people think that laws MUST be followed .By you i mean most Americans,
can you imagine hearing women inline saying well atleast we're safe even if this rape VICTIM is actually DRUG away by a cop.
Bingo, your ass would be in jail.
Bottom line, do not fly, or comply.
I will never fly again, unless its to expat,and then likely it will be by ship.
ah the first fallout from Wikileaks....nice..and people ask me why i dont trust Julian...
its easier for Netherlands to raise this concern....and US to follow..
If BofA has to go down, you might as well have somebody to blame.
And so the decree was nailed to the door, anyone convicted of saying the emperor has no cloths in public will be put in the stocks for a fortnight.
The bankers are wankers. What a bunch of criminal pussies. Criminalizing depositors for worrying about getting their own money out?
I always wondered why people treated Dellinger and Bonnie and Clyde as folk heroes back in the day.
don't forget pretty boy floyd; he got a song.
Wouldn't the 19,000 Euro fine itself cause a run on the banks in order to pay it? Another nasty positive feedback loop. Lawmakers need to understand why negative feedback is better for equilibrium! Other than that: (as Nelson might say: ha ha, fractional reserve banking is so fake.
How do we start a run on Federal Reserve Banks?
Even a blind could see tha fat money printer bitchez machine in there.
Gentleman, for each million needed, expect mandatory 3 minutes waiting time.
Ready to wait, bitchez???
KEYWORD, was INITIATE.
You can take all your funds out anytime you want.
You just cannot ORGANIZE the ACT.
Geesh, I would have thought that such a hair-brained idea would have begun in the US. I would have never expected to hear something like this emerge from the Netherlands. Did someone have some bad space cakes?
Amongst the hysteria there is a salient point to be made: if banks promise delivery upon demand, they should honor that promise. They should not need to criminalize the behavior of people who want to verify the banks' promises. When the promise structure is unreliable, the financial/money structure will follow.
To me it's somewhat facile to demonize fractional reserve outright. Unless we want to return to a more barbaric manner, we can benefit from financial nodes. Certainly, less fraction, more diffuse ownership, more robust structure...but all these things eat profit from the big dogs, so they won't see the light of day.
This reminds me somewhat of the labor movement to form unions. That has shown mixed results. Many hate unions for the graft and inefficiency. Others applaud the transfer of power to workers.
The issue isn't fractional reserve banking per se, but duration mismatch (borrowing short to lend long). Get rid of the regulators, and let banks offer different accounts for different durations. Let people pay interest for demand deposit accounts, and banks offer higher and higher rates for 1 week, 1 month, 3 month, 6 month, 1 year, etc. CD's.
Right now, regulators say a bank must have X% reserves, but everyone ignores that the economy is dynamic and no one bothers to ask depositors what reserves should be kept on hand. And in any case, borrowing from depositors in a 1 month CD to lend a 30-year mortgage is insane as well as being so opaque that no one can tell whether a bank is solvent or insolvent.
this is a particularly opaque epoque.
Glad its still not illegal to enter the bank... but probably will be soon.
I'd say the ultimate goal of the Gubb is to ban cash. But then again, they must push drugs somehow, so we're good for a while.
Criminalize Calls For A "Run On The Bank"
Unless of course you are either:
a.) Another larger bank forcing the run on said bank through some combination of heavy naked shorts, rumor milling and/or other method that may or may not be considered to be gods work for the sake of your deep out of the money puts, CDS, or other modern day mircale of financial engineering.
b.) Residing in the upper UPPER percentile of society (and by default probably places you to some degree in option a.) in which case rules simply do not apply
Legislators are well aware of these scenarios. Instead this is aimed, as far as I'm concerned, at bloggers and fringe economic journalist.... truth tellers. Coincidental this happen prior to the so called bank release by Wikileaks?
or are treasury secretary henry paulson thinning the herd (bear, lehman) for goddam sux.
Many comments about how terrible this is and when will the masses stand up and take control. Exactly, in Europe, here in the US, when will people get pissed enough to take back the government from the banks. What will be the trigger? What will be that one event that is one event too many? I've wondered that a bunch. I could guess that it will be when the gub'ment types finally realize that there are 300 million guns, one trillion rounds and a whole bunch of people who are genuinely upset. If anyone tries to take the guns away, that could be a trigger. The sheeple don't give a rat's ass about any of the other amendments, couldn't care less. Any other possible triggers?
I don't think anger and pain ever caused anyone to discover reason. Right now, in their pain and confusion people are calling for more power to be given to government (to "regulate" (control) markets to make them more "free" or something)
The only thing that makes you free is Work.
Arbeit Macht Frei
WORK SETS YOU FREE. auschwitz lives.
This is an argument for deep infringement on liberty itself. This governments call for criminalizing monetary freedom and freedom of speech is an embarrassment to its people.
If this passes, the only hope left would be that all withdraw from these "banks" and use The Infinite Banking system in its place.
If they do this then I will have no dealings with banks ever again.
They give us no interest to keep savings in the banks, and they lend it out (to those who now have to show they really don't need it) at massive rates in interest... on OUR money... they are thieves, snakes, sharks, con merchants and now they want more?
Give them less!! Give them nothing..............
I bid 2000 for tha nice monkey
just make withdrawals a criminal offense.
sheeple can't handle cash anymore. too greedy. easily stolen, hiden, hoarded
gvt will fix everything,
and we will all be microchiped monkeys.
God bless America, Ben, and the black monkey.
When you don't have any money in the bank it's called "robbery".
When you don't have any money in the bank but create it by keying in some numbers into a computer it's call "Doing God's work".
There's nothing wrong with coutnerfeiting as long as EVERONE doesn't do it. It's all a play on big picture small picture or distortion of will. As long as you have 1 fox who willingly will get along with 1 hound you can present it as an entire big picture and say all foxes will get along with all hounds and call it The Fox and the Hound and make a movie about it and make big bucks.
So the banksters can lie cheat and steal from the ordinary people and get away with it with huge bonuses paid to them for doing so, and when the people protest against these criminal banksters they are threatened with prison
What about PRISON for the Banksters who robbed us and who are still robbing us? Where are the punishments for them, the prosecutions for them!!!
dutch here ...
Nout Wellink is chairman of BIS, probably the most important factor !!!
this legislation will not happen, it is more of the same, all for show, dutch politics don't have any ideas left, all waiting for the day the dollar crashes, and they don't even know that themself.
then freegold and the euro takes over, or does anybody here seriously thinks the PIIGS are a problem ? think again, look at the gold, we just don't want to take the blame for the fall, but BIS and all it's allies knows what it is doing.
How high was the tree that this guy fell out of onto his head?? Milestones
You can pick up the cash short on your deposit after the bankrun at the home address of Minister Opstelten. His wife informed me she is happy to be of assistance.
What is his home address again?
Probably passing this link on will be illegal too.
I feel hostile, so here it is. Probably all here have seen it, but just in case.
Jack Boot NationNext it will be a crime to close a TBTF account...
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