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Man U Player Of The Century Eric Cantona Appeals For Peaceful Revolution Against Banks, Calls For Europeans To Pull Their Money

Tyler Durden's picture




 

A few weeks ago we noted that December 7 is becoming a grass roots "banker mutiny" day, in which citizens across Europe will pull money from their banks and thus force a pan-European bank run on what is already a bankrupt financial system, which survives each day only at the expense of the continent's increasingly indebted citizens, their life of increasing austerity, and of course, the US Federal Reserve and its final backstop. In some ways we discounted the potential reach of this movement. Enter Eric Cantona - just ask any sport afficionado who the most entertaining, flamboyant and skillful football player of 1990's Manchester United was and 9 out of 10 times you will hear that name. The icon (both in England and France) whose on field antics were only matched by his kung fu skills, and who has a massive popular following, has been recorded agitating viewers (many of them), to enact a bloodless revolution against French banks: "We don't pick up weapons to kill people, to start the revolution... the revolution is really easy to do nowadays. What is the system? The system revolves around the banks. It's based on the power of the banks... so it must be destroyed starting with the banks. This means that the 3 million people with their placards on the street... they go to the bank, withdraw their money from the banks and these ones collapse. 10 million people and the banks collapse and there is not real threat, a real revolution. We must go to the bank. In this case there would be a real revolution. It's not complicated. You simply go to the bank in your country and withdraw your money. If there are enough people withdrawing their money, the system collapses. No weapon, no blood, or anything like that." A peaceful anti-banking revolution, brilliantly explained so that everyone can understand.

But comprehension is only have the battle. The other half is getting of your ass. Which is why this will never work in the US. As for Europe, we will find out in 3 weeks...

 

 

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Thu, 11/18/2010 - 21:38 | 739761 Seasmoke
Seasmoke's picture

GOOOOOOOOOOOOOOOOOAAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLL !!!!!!!!!!!!!

Thu, 11/18/2010 - 23:02 | 740022 Treason Season
Treason Season's picture

Sorry, off topic and jumping the queue.

Will Ferrel Loses Lawsuit Against J.P. Morgan, Slapped with $600,000 Fine

http://www.huffingtonpost.com/2010/11/18/ferrell-lawsuit_n_785670.html

Thu, 11/18/2010 - 23:39 | 740115 Problem Is
Problem Is's picture

Because the arbitration board is stuffed with Ass-Hole Wall Street Bank-sters...

"A Financial Industry Regulatory Authority arbitration panel not only ruled against Ferrell..."

Max Keiser says you agree to arbitration when you sign the JPM investment contract... If you are ripped off and file a complaint...

You LOSE everytime... <RICO>

Fri, 11/19/2010 - 01:42 | 740372 MagicHandPuppet
MagicHandPuppet's picture

BINGO

Thu, 11/18/2010 - 23:50 | 740122 palmereldritch
palmereldritch's picture

Thanks for the HuffPo link. 

I just keep forgetting that they have a planetary atmosphere 80% higher in helium and that all comments contained therein have to be read in a voice accordingly...

Fri, 11/19/2010 - 08:37 | 740632 boooyaaaah
boooyaaaah's picture

Typical European reaction

Bring down the system --- blind faith that the system that replaces the present corrupt system will be better ----- it has to be

Oh yea, my naive Euros

How bout the Bolsheveks vs the Good Tsar Nicholas

How Bout Hitler , Mussolini

Will you ever learn?

Learn from Glenn Beck

 

 

 

Thu, 11/18/2010 - 23:23 | 740071 Cursive
Cursive's picture

I have a sudden admiration for all things soccer and Eric Cantona.  Looking forward to the day.

Fri, 11/19/2010 - 00:31 | 740228 ajax
ajax's picture

 

"I AM NOT A MAN. I AM CANTONA"

http://www.youtube.com/watch?v=RHUVPF0YRis

Thu, 11/18/2010 - 23:53 | 740147 High Plains Drifter
High Plains Drifter's picture

Man U is owned by Malcomb Glazer, a member of the brothers in good standing. Oh by the way, Tyler was talking about Harbinger and Phil Falcone , in another posting in reguards to Zapata, a oil company front company created by the CIA and George H. W. Bush. Our little old buddy, Glazer also owns the Tampa Bay Bucks and is a billionaire and, he owns Zapata Oil. Isn't that special.

Fri, 11/19/2010 - 01:09 | 740306 Oh regional Indian
Oh regional Indian's picture

HPD, the wheels with-in wheels with-in wheels are truly stunning.

Anyone who says "no way dude, too complicated for any group of humans to pull off this vast conspiracy you talk about", needs a swift kick in a the ass, a bucket of ice-cold water over their head.

It is hidden in plain sight and everyone is glued to dancing with the stars.

Such a shame.

ORI

http://aadivaahan.wordpress.com

Fri, 11/19/2010 - 09:28 | 740694 TuffsNotEnuff
TuffsNotEnuff's picture

Bingo.

GHWB started using CIA to generate his own personal wealth while he was DCI in 1976 and to pump up his allies.

From Wiki: "The CIA had been rocked by a series of revelations, including those based on investigations by the Church Committee regarding illegal and unauthorized activities by the CIA, and Bush was credited with helping to restore the agency's morale." Translation: Bush minted dozens of licenses to steal.

BTW: the Enemies of the People, here, aren't so much local banks which are ordinary busineses. The big national banks are hard-wired adjuncts to political machines, similar to NewsCorp. Remove all money from accounts and take no loans from:

-- Bank of America

-- Citicorp

-- JP Morgan Chase

-- Wells Fargo Bank

Avoid them like the plague that they are. Use the smallest and oldest bank or S&L that you can find.

Fri, 11/19/2010 - 17:01 | 742094 RockyRacoon
RockyRacoon's picture

Thanks for your comment.  I've never had any dealings with those institutions, but I did deal a blow to Regions Bank recently.  (Snicker...)  A local S&L now has the benefit of my meager checking account.

Fri, 11/19/2010 - 01:12 | 740314 tallystick
tallystick's picture

Interesting.   http://en.wikipedia.org/wiki/Malcolm_Glazer

 

Jewelry hustler, to trailer park slumlord, to sports stadium scammer.

 

Immediately upon purchasing the Bucs in 1995, Glazer declared the team's home field, Tampa Stadium, inadequate and began lobbying local government for a replacement.[7] Glazer entertained relocation offers from other cities, but kept the Bucs in place after the local government agreed to build the franchise the $200 million state-of-the-art Raymond James Stadium, construction of which was funded by a local sales tax increase. Due in large measure to a very favorable lease agreement in which the team collects most of the revenue from the stadium while the local government must pay almost all of the expenses, the franchise was valued at $963 million by Forbes magazine in 2007.[8]

Fri, 11/19/2010 - 09:31 | 740703 TuffsNotEnuff
TuffsNotEnuff's picture

A third illegitimate Bush brother ???

Fri, 11/19/2010 - 07:35 | 740590 tip e. canoe
Fri, 11/19/2010 - 16:02 | 741923 redrob25
redrob25's picture

Excuse me sir, that would be

 

GOOOOOOOOOOOOOOOOOAAAAAAAAAAAALLLLLLLLLLLLLLLLLLLLL

bitchez !!!!!!!!!!!!!!!!!!!!!!

Thu, 11/18/2010 - 21:38 | 739762 samsara
samsara's picture

This is something the average person can get behind.

This is great.

Pull out your money.  Buy a few silver dollars too

Thu, 11/18/2010 - 23:47 | 740137 rocker
rocker's picture

I hope you don't think American citizens will do this. Not. They have NO clue.  I have already built a cash reserve. My bank WFC, taken over by WFC from the TBTF and now bigger, could not believe that I was withdrawing 10k to 30k in distributions from other accounts on a weekly basis for 6 months. They wanted to talk to me about saving with them. NOT. NEVER.  Americans better wake up soon. Your money is NOT there. It is all digits on paper backed by nothing. HELLO.  Buy any PM's and hold in a safe box.

Thu, 11/18/2010 - 21:38 | 739763 Clockwork Orange
Clockwork Orange's picture

Absolutely beautiful. 

I am all in.

Hedge underway.

Thu, 11/18/2010 - 21:40 | 739766 DonutBoy
DonutBoy's picture

Wow. We are inside the event horizon.  Bretton Woods II is over.

Thu, 11/18/2010 - 21:40 | 739768 DosZap
DosZap's picture

Sounds good...

But, if the banks know the day, they will be closed, they may close for weeks.

And if the people do take their fiat out, could it go to ZERO VALUE (in terms of what) it will currently buy?.

Hopefully they have put some thought into how they will survive, if the Banks, or the fiat goes to Zero.

Better be prepared for more than a bank run.I smell blood, and lots of it.

 

Thu, 11/18/2010 - 21:48 | 739794 Idiot Savant
Idiot Savant's picture

Yes, unintended consequences indeed.

Also, if European banks are anything like US banks, they keep very limited amounts of cash on hand. To effect a bank run, I believe it will take a concerted effort for more than one day.

Fri, 11/19/2010 - 04:45 | 740525 squid_pro_quo
squid_pro_quo's picture

No, a bank run HAPPENS when the bank runs out of cash. Word spreads that the bank doesn't have people's money, and panic ensues. Often times the bank is overrun, torched, goes bankrupt, or all of the above. EVERY currency system MUST fail eventually.

Fri, 11/19/2010 - 04:46 | 740526 StychoKiller
StychoKiller's picture

Once word gets out that customers are getting turned away with no cash, then the "Real Run" begins...

Fri, 11/19/2010 - 09:14 | 740672 BigJim
BigJim's picture

I'm not waiting for the 7th to do this. If enough people start thinking about this, they'll know there will be a good chance they won't get their money on the actual day, and will start withdrawing cash beforehand.

IMHO, if this starts picking up steam we can expect to see the results before the 7th.

Fri, 11/19/2010 - 11:22 | 740994 downrodeo
downrodeo's picture

Absolutely. I'm doing the same.

Fri, 11/19/2010 - 11:20 | 740984 downrodeo
downrodeo's picture

You can't make an omelet without breaking some eggs. If this does happen, those who immediately put their cash into PM's can mitigate some of the pain. Those who wait and do nothing will feel it full force. The lesson, in my opinion, is to not let the system get to this point. Still, the longer we put off the pain, the worse it will be.

Thu, 11/18/2010 - 22:12 | 739876 Thanatos
Thanatos's picture

I am OK with it too.

But I bet that if it works, it won't be bloodless, I think that is just plain absurd and foolish thinking.

But hey, if your Karma shield is charged up to +100 I guess you might be just fine..... TeeeHeee. Just Kidding.

 

Thu, 11/18/2010 - 22:56 | 740006 Al Gorerhythm
Al Gorerhythm's picture

Precious Metals will rise into Dec. The options expiry may be the only glitch.

Max out your card,

buy precious metal,

sell at a profit,

pay off credit card,

destroy credit card,

fire your bank manager,

and keep free gold.

Fri, 11/19/2010 - 01:35 | 740361 MagicHandPuppet
MagicHandPuppet's picture

part 1 is done.  silver bee snatchers!

Thu, 11/18/2010 - 21:42 | 739771 Missing_Link
Missing_Link's picture

Sorry, I can't watch some random guy speaking in French and try to scan the subtitles of his unprepared thoughts as they fly by at the bottom of the screen.  No matter how much I agree with the message, this video is unwatchable.

Thu, 11/18/2010 - 21:56 | 739819 Zon
Zon's picture

well good thing this article gave a good summary of this video then huh?

Thu, 11/18/2010 - 22:02 | 739840 Max Hunter
Max Hunter's picture

Don't be sorry, maybe someone could super impose a naked woman in the background. Would that help? How about some midget wrestling?  What a tool.

Thu, 11/18/2010 - 22:38 | 739954 JonNadler
JonNadler's picture

where's robot? get some breasts moving to the sound of that music in the background

Fri, 11/19/2010 - 12:18 | 741233 RichardENixon
RichardENixon's picture

I listened without the naked woman in the background, but I must say it would have added to my enjoyment of the video. Midget wrestling I could live without.

Thu, 11/18/2010 - 22:15 | 739887 traderjoe
traderjoe's picture

Are re-runs of The Hills competing with your attention?

Thu, 11/18/2010 - 22:24 | 739920 John Bigboote
John Bigboote's picture

I am glad the Internet is available to make it so easy for you to tell everyone how much of a pussy you are.

Thu, 11/18/2010 - 23:37 | 740107 DaveyJones
DaveyJones's picture

my favorite comment of the week

Fri, 11/19/2010 - 00:12 | 740187 Bolweevil
Bolweevil's picture

Proves my theory that junking is for trolls and pussies. Peer reviewed even.

Fri, 11/19/2010 - 03:47 | 740480 Miles Kendig
Miles Kendig's picture

With the vary rare exception for a post that is so fanfuckin'tasticallyfabalicious that no other means of expression is possible. Especially since ZH doesn't have a digital blow job option for this very reason I suspect.  Sometimes a quality fight club head blow requires another.  Bitchin' about subtitles ain't it tho

cheers

And wtf is the deal with dissin' pussi .. 

Fri, 11/19/2010 - 11:19 | 740980 Assetman
Assetman's picture

Mine too, Davey.

Fri, 11/19/2010 - 00:08 | 740179 frippy
frippy's picture

+QE3

Tue, 11/23/2010 - 02:15 | 739936 Rusty Shorts
Rusty Shorts's picture

-

Thu, 11/18/2010 - 23:20 | 740063 whaletail
whaletail's picture

Missing_Link: was going to write a sincere rebuke and explain King Eric to you, but instead, I say this: f*ck off and die. 

Thu, 11/18/2010 - 23:34 | 740097 tallystick
tallystick's picture

There are different forms of anti-bankster protest videos.  This one is directed at soccer fans. There are a lot of soccer fans in the world.

Thu, 11/18/2010 - 21:43 | 739777 overmedicatedun...
overmedicatedundersexed's picture

$500 silver break JP Morgan  ala max Keiser

(going viral on the net today)

the war is on..silver bullets will kill a vampire bank..

join the battle buy silver..do it do it now.

Thu, 11/18/2010 - 22:30 | 739937 Slewburger
Thu, 11/18/2010 - 21:43 | 739778 TWORIVER
TWORIVER's picture

Must be nice to have money to take out of a bank. :-(

Fri, 11/19/2010 - 11:29 | 741023 downrodeo
downrodeo's picture

Not really. Just one more thing to worry about.

http://vimeo.com/10741164

 

 

Thu, 11/18/2010 - 21:45 | 739782 bob_dabolina
bob_dabolina's picture

Great idea in theory. No blood, no violence....until 20% get their money and the bank either closes or tells the other 80% that they are shit out of luck because they don't have the money....than I think there will be blood and violence.

Violence or not we need a change.

Thu, 11/18/2010 - 22:18 | 739898 moneymutt
moneymutt's picture

20 percent>?!?! please....1 percent

Thu, 11/18/2010 - 22:28 | 739931 Fraud-Esq
Fraud-Esq's picture

The blood and violence would start very shortly thereafter! 

Thu, 11/18/2010 - 21:46 | 739785 M.B. Drapier
M.B. Drapier's picture

December 7 happens to be the date of the next Irish budget.

And just to mention that Ack is back in town to reprise his Greek performance:

Underlining the importance of a decision on Ireland for the banking sector in the wider eurozone, Josef Ackermann, the chief executive of Deutsche Bank AG, also attended Wednesday's meeting of finance ministers.

"A breakout of any state on the markets right now would lead to contagion and we want to avoid this with all means," Ackermann said. "We have to do everything to catch every country that runs into trouble."

Thu, 11/18/2010 - 22:19 | 739904 Kina
Kina's picture

This is how fragile things are. A wrong move and you lose a lot of money, yet the market is bouncing back without a care in the world.

Thu, 11/18/2010 - 21:46 | 739786 Goolie
Goolie's picture

Don't forget to move your money to a smaller, or ideally, non-TARP, non-TBTF institution.  I severed a 20 year relationship with JPM last year and opened an account with a local credit union.  And guess what?  They actually pay interest!

Chris Whalen is involved with http://moveyourmoney.info/ they helped get my ass in gear

Fri, 11/19/2010 - 01:39 | 740368 erik
erik's picture

I did the same.  Credit unions all the way.

Thu, 11/18/2010 - 21:47 | 739791 spinone
spinone's picture

"But comprehension is only have the battle. The other half is getting of your ass"

Spellcheck is only have the battle, the other half is profreading.

Thu, 11/18/2010 - 21:54 | 739806 Idiot Savant
Idiot Savant's picture

Well played, sir.

 

Thu, 11/18/2010 - 22:06 | 739850 Uncle Remus
Uncle Remus's picture

Spellcheck is only have the battle, the other half is profreading.

Uh-huh.

Thu, 11/18/2010 - 22:50 | 739992 AUD
AUD's picture

"That's back in the days when you used to smoke a banana....you would scrape the stuff off the middle....you would bake it....you would smoke it....you even thought you was getting ripped from it"

But seriously, this 'bank run' idea is stupid, it's just appreciating the value of the debt (against bank deposits) of the biggest, most nefarious bank of all.

Fri, 11/19/2010 - 16:44 | 742047 RichardENixon
RichardENixon's picture

Back in my day people would sleep. What they would do is, when they would tired they would go to sleep, and when they had slept for a while they would wake up again. And we called it "sleeping"-- Gilbert Gottfied as elderly Groucho.

Fri, 11/19/2010 - 00:00 | 740156 KTH5000
KTH5000's picture

.

Thu, 11/18/2010 - 23:59 | 740158 KTH5000
KTH5000's picture

THIS is the best comment of the day.

Thu, 11/18/2010 - 22:06 | 739853 Max Hunter
Max Hunter's picture

Are you serious?.. The man inspires and motivates people and all you can think of is to point out an error in his writing?.. What a clown..  

Thu, 11/18/2010 - 22:30 | 739934 unum mountaineer
unum mountaineer's picture

c'mon man

Thu, 11/18/2010 - 21:55 | 739796 Mercury
Mercury's picture

If there are enough people withdrawing their money, the system collapses. No weapon, no blood, or anything like that.

Yeah, except that all your pulled funds are still in their debaseable, voidable and now physically vulnerable paper.

Thu, 11/18/2010 - 22:31 | 739940 tip e. canoe
tip e. canoe's picture

not if you take it out in dollar coins.

Fri, 11/19/2010 - 00:23 | 740215 Mercury
Mercury's picture

All besides the word "paper" applies to coins too.

Fri, 11/19/2010 - 07:44 | 740598 tip e. canoe
tip e. canoe's picture

dollar coins take paper FRN's out of the system until they are redeposited in the bank and exchanged for FRNs.  

you can then take your dollar coins down to the coin shop and exchange them for an ounce of silver.

Fri, 11/19/2010 - 11:19 | 740978 Thunder Dome
Thunder Dome's picture

Yea but you'll have cash in hand while everyone else panics because they can't get money out of the banks.

Thu, 11/18/2010 - 21:51 | 739802 DirtySouth
DirtySouth's picture

No

Thu, 11/18/2010 - 21:50 | 739803 HarryWanger
HarryWanger's picture

Awesome! So far he has 11 people here behind it. That should make a difference. 

What time is "Glee" on?

Thu, 11/18/2010 - 22:06 | 739851 Village Idiot
Village Idiot's picture

"Awesome! So far he has 11 people here behind it. That should make a difference. 

What time is "Glee" on?"

 

Let me know when you are ready to lead, Harry.  I'm right there with you.  If not this, something else that clicks with you. 

Those of us who are "beyond the trade" are moving towards something.  You really should join.  Or just limit your commentary to market speculation. You don't find me besmirching your market speculation, Harry.

Fri, 11/19/2010 - 00:38 | 740235 DoChenRollingBearing
DoChenRollingBearing's picture

Village!  The mantle has again been thrust upon our shoulders.  We were ahead of our time re pulling the $500 from the ATMs on the 13th of whatever-month-it-was.

Looks like Europe will lead.  I'm in!  You too?  I'll keep trying to be around ZH when you are, to egg each other on...

December 7, 2010:

Step 1: Yes, I would like half (all, etc.) of my money, hundreds please.

Step 2: Yes, mister coin dealer, I want to spend all this money on gold.

Step 3: You are happier than "they" are.

Fri, 11/19/2010 - 01:11 | 740310 Alienated Serf
Alienated Serf's picture

pearl harbor for the banks

Fri, 11/19/2010 - 11:43 | 741092 Village Idiot
Village Idiot's picture

@DoChen

Thanks for trying to catch up - just missed each other.  i was thinking of you when this post went up.  Ready for round two, my friend.

Thu, 11/18/2010 - 22:08 | 739862 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Harry.  Your Mask.  Your face is showing.

Thu, 11/18/2010 - 22:15 | 739886 Thanatos
Thanatos's picture

I laughed out loud when I read this!

Haha... I don't agree, but that was funny.

Thu, 11/18/2010 - 22:40 | 739961 tip e. canoe
tip e. canoe's picture

hey Harry, the idiot's looking for you.

see below

down

that

way

 !
 !
\/

Fri, 11/19/2010 - 11:41 | 741078 downrodeo
downrodeo's picture

Wangmun, Ask yourself, "am I part of the problem or part of the solution?"

Fri, 11/19/2010 - 17:19 | 742126 RockyRacoon
RockyRacoon's picture

Hey, Wanger....  kiss my fuzzy butt.

Thu, 11/18/2010 - 21:51 | 739807 putbuyer
putbuyer's picture

Love it. This is how to do it. Only the bloggers can make such things happen. Come on ZH. Make the call!!!

Thu, 11/18/2010 - 21:52 | 739808 SloSquez
SloSquez's picture

My boat "withdraws" next weekend.  BTW-there will be no TIC data to support this fact.  I've been planning for a while.

Thu, 11/18/2010 - 21:53 | 739812 EscapeKey
EscapeKey's picture

I'm sorry - who the fuck cares. I'm personally gonna hold out for Britney Spears' opinion.

Thu, 11/18/2010 - 21:54 | 739815 HarryWanger
HarryWanger's picture

Ladies and gentlemen, we have a winner!

Thu, 11/18/2010 - 22:07 | 739859 Village Idiot
Village Idiot's picture

Look up, Harry.

Thu, 11/18/2010 - 22:41 | 739965 Village Idiot
Village Idiot's picture

Look down, junker.

Thu, 11/18/2010 - 22:08 | 739864 SloSquez
SloSquez's picture

A winner indeed.  Nice!!

Thu, 11/18/2010 - 22:20 | 739906 Burnbright
Burnbright's picture

You two are a class act.

Fri, 11/19/2010 - 07:36 | 740591 UGrev
UGrev's picture

if anyone is looking for their ex-wife, he's posting here as "HarryWanger".. The bitch got out.. do something about it, will ya?

Fri, 11/19/2010 - 11:48 | 741106 Village Idiot
Village Idiot's picture

Penis Envy - it's a bitch.

Thu, 11/18/2010 - 21:57 | 739826 Alert
Alert's picture

As much as I like this breaking the bank to work, but really I don't think it wil.  The bank will simply shut down for that day or just postpone the customers withdraw. 

Thu, 11/18/2010 - 22:08 | 739863 10044
10044's picture

yeh and that's why everyone goes to the bank today!

Thu, 11/18/2010 - 22:37 | 739951 MeTarzanUjane
MeTarzanUjane's picture

He's right. They treat cash as inventory. They will simply say come back another day we ran out of product X.

Fri, 11/19/2010 - 04:53 | 740528 StychoKiller
StychoKiller's picture

THEY may treat cash as inventory, but the customers expect it to be there on the day and time they ask for it.  Turn enough customers away, and the situation gets ugly really fast (especially if it's you!).

Thu, 11/18/2010 - 22:27 | 739929 Agent P
Agent P's picture

I disagree.  I think the smart ones will stay open, hedge their potential exposure and profit handsomely from the event.

Fri, 11/19/2010 - 11:02 | 740752 i-dog
i-dog's picture

@Alert: You're such an eternal optimist ... Your children will be so proud of you!

Thu, 11/18/2010 - 21:59 | 739831 DisparityFlux
DisparityFlux's picture

Why not everyone just stopping paying on their debts?

No money flow and the system collapses.

Fri, 11/19/2010 - 10:15 | 740764 i-dog
i-dog's picture

The smart thing to do is to pay off your debts ... that removes the money from the asset side of the banks' balance sheets. The banks don't rely on money flow, they rely on being able to lend multiples of their assets (your deposits + your debts).

Every $1 you withdraw (or dollar of debt that you cancel) is at least $10 that they can't lend. That's why they want you to use debit cards rather than withdrawing cash at the ATM for a few hours or days ... it keeps more money inside their system.

Those withdrawing money on the 7th or earlier should also keep their cash in their sock drawer for a few days to prolong the agony for the whole banking system.

Thu, 11/18/2010 - 22:01 | 739837 john_connor
john_connor's picture

And why don't Americans synchronize with the Europeans?  What's better than a pan European bank run?  A World Bank run.

Thu, 11/18/2010 - 22:06 | 739852 Selah
Selah's picture

I thought that was understood.

If the EU does this we are hours away from collapse, so you might want to front-run this event...

 

Thu, 11/18/2010 - 22:12 | 739879 Max Hunter
Max Hunter's picture

Zackly!

Even if everything we do fails, it sends a message that we are involved and working on it.. It means something.

As soon as my daughter was old enough to start learning more than two syllable words, I taught her how to pronounce "persevere"

Thu, 11/18/2010 - 22:25 | 739925 e_goldstein
e_goldstein's picture

that's funny.  my five year old goddaughter knows that the Federal Reserve isn't Federal and it has no reserves.

 

smart kid.  smarter than 95% of the general population in America at any rate.

 

 

Thu, 11/18/2010 - 22:43 | 739974 Selah
Selah's picture

It's not a "bank" either.

Everything about it is a lie...

 

Thu, 11/18/2010 - 23:18 | 740059 Problem Is
Problem Is's picture

"And why don't Americans synchronize with the Europeans?"

Isn't December 7th Dunkin' Donuts half price day or something?

Crispy Creme Buy a Dozen get a Dozen Free?....

Something?.... <scratch nutz>.... can't remember...

Thu, 11/18/2010 - 22:03 | 739843 Paul E. Math
Paul E. Math's picture

When ze seagulls follow ze trawler, it's because zey sink sardines will be srown into ze sea.

Thu, 11/18/2010 - 23:21 | 740065 Problem Is
Problem Is's picture

"Ve vant ze money, Lebowski, or ve fuck you up."

Thu, 11/18/2010 - 22:04 | 739846 Fraud-Esq
Fraud-Esq's picture

Are the goldbugs in on this? Talk about shaking up the gold price...

Thu, 11/18/2010 - 22:05 | 739847 anonnn
anonnn's picture

December Cantona, a peoples' holiday like Juneteenth*.

* 1865, June 19th, Union soldiers landed at Galveston, Texas with news that the Civil War had ended and that the enslaved were now free...2+ years after President Lincoln’s Emancipation Proclamation became official January 1, 1863.

Thu, 11/18/2010 - 22:06 | 739855 simone
simone's picture

As Tyler says, "But comprehension is only have the battle. The other half is getting of your ass."

 

So let's all have the battle and do some getting of your ass.

Thu, 11/18/2010 - 23:28 | 740077 Problem Is
Problem Is's picture

"getting of your ass"

My Dear Simone
That is what guys try to do to you everyday...

You want to get off your ass.

If you keep saying "getting of your ass" Amerikan guys are going to think you want sex in strange places and strange positions...

Thu, 11/18/2010 - 23:27 | 739868 Mr Lennon Hendrix
Mr Lennon Hendrix's picture
Man U Player Of The Century Eric Cantona Appeals For Peaceful Revolution Against Banks, Calls For Europeans To Pull Their Money....

And buy some physical silver bullion with the cash.

Right now the Dinosaur Kings are needing PMs to drop to hit their shorts.  We are holding a wall before them by holding our own wealth.

Max Keiser seems to be on to something, he is calling for a unified buy of silver on Decemver 11th.  I will be purchasing some that day, as well as before. 

Silver Bomb December 11th!:

http://www.youtube.com/watch?v=2dmbfkP7FfY&feature=player_embedded#!

Max Explains; Max Keiser on The Alex Jones Show - 11.18.2010 part-1:

http://www.youtube.com/watch?v=sbGeCC5gi5I

Max Calls for $500 silver; Max Keiser on The Alex Jones Show - 11.18.2010 part-11:

http://www.youtube.com/watch?v=cDGZTJo5Z_Q

Fri, 11/19/2010 - 00:50 | 740268 DoChenRollingBearing
DoChenRollingBearing's picture

Mr Lennon,

I'll join you guys on Dec 7 and Dec 11 as well.  This does not mean I might not front-run those dates though!

...

On an earlier thread, ZH-er fraud-esq asked about how much the total value of physical silver there is in the world.  I replied if there are approx. 3 billion oz of physical silver, then that would be about $75 billion worth at COMEX price.

Multiply that $75 billion by the $100, $200, and now $500 (vs. $25) silver prices and you get some REALLY BIG NUMBERS.

And that is just silver.  Imagine what the world's physical gold is worth (many, many trillions)...  Non-inflated 2010 numbers.

Fri, 11/19/2010 - 02:19 | 740397 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Hey DoChen,

The upside is enormous in these very small markets.  Those would be some big moves.  Good work.

Fri, 11/19/2010 - 05:29 | 740536 chrisina
chrisina's picture

Divide 3 billion oz of physical silver by say 1 billion people in the world who have some amount of savings (note: only a fraction of that is available in coins and bars and another part is spread around industrial products and difficult to use as money or currency). You get an average of 3 oz per head. Even at $500/oz (instead of currently 27$), and you get $1500 per person.

That doesn't get you very far...

 

 

Fri, 11/19/2010 - 17:26 | 742147 RockyRacoon
Thu, 11/18/2010 - 22:17 | 739891 SloSquez
SloSquez's picture

A thought.  Suppose everyone withdrew their money and then inserted it and then withdrew it, etc.  Thus creating an oscillation.  Just a thought.  The frequency would be critical.  If synced, the effect would be magnified.  Seems phallic I know. 

Thu, 11/18/2010 - 23:58 | 740155 anonnn
anonnn's picture

Your response to Eric Cantona's idea is a demonstration of resonance.

Cantona's idea has in fact begun the balanced push-pull that defines resonance.

 It will build until effective opposition is  applied, which itself risks a crashing destabilization reaction.

We join and watch together?

Thu, 11/18/2010 - 22:17 | 739892 buzzsaw99
buzzsaw99's picture

This can't work. The only way to bring those maggots down is to quit using their currency altogether.

Thu, 11/18/2010 - 22:21 | 739912 Burnbright
Burnbright's picture

EXACTLY, that means buying gold and silver with all your deposits. 

Thu, 11/18/2010 - 22:19 | 739903 Rotwang
Rotwang's picture

Thank you Tyler.

Oscillations between digital bits and paper evidences of debt (in hand funds) are not to be tolerated.

Thu, 11/18/2010 - 22:20 | 739905 anonnn
anonnn's picture

"...and in this case, they will listen to us in a different way."

Beats going on hoping. A small gesture with high intention makes a big effect, n'est pas?

Thu, 11/18/2010 - 22:22 | 739913 Kina
Kina's picture

Silver, have you bought yours today?

Thu, 11/18/2010 - 22:22 | 739914 QQQBall
QQQBall's picture

Dude better stay off of small aircraft and subway platforms

Thu, 11/18/2010 - 22:23 | 739916 Clayton Bigsby
Clayton Bigsby's picture

i'm all for a return to sound money, but imho this is a dumb fucking idea - it's the very people pulling their money (the proletariat, if you will) that would get screwed the worst by engineering a bank run - little bit too much of cutting off your nose to spite your face, imho

Thu, 11/18/2010 - 22:23 | 739917 Implicit simplicit
Implicit simplicit's picture

I will  wthdraw some 12/4 just in case the banks try to intervene, but still withdraw 12/7.

Another option is to default on your debts. Many people will be forced into it, and undergo tremendous stress. Might as start defaulting early, and avoid the crowds. 

Thu, 11/18/2010 - 22:26 | 739927 Village Idiot
Village Idiot's picture

@ Harry Wanger -

 

I don't know about you, Harry, but I haven't made a financial contribution to ZH. Have you?  I propose that you and I each make a One-Thousand-Dollar contribution to this site as a gesture of our appreciation.  Are you with me Harry?  Please respond within 24 hours, should you see the value in supporting a good cause.  I am waiting.

Thu, 11/18/2010 - 22:59 | 739946 Village Idiot
Village Idiot's picture

If someone happens to see Harry, please let him know that I'm looking for him.  Thanks. 

 

EDIT:  Better yet, please forward him my proposition (see above).  Thanks.

Thu, 11/18/2010 - 22:59 | 740017 Ned Zeppelin
Ned Zeppelin's picture

How about if we all chip in a buck a piece, and pay him to just go away?

Thu, 11/18/2010 - 23:04 | 740028 Village Idiot
Village Idiot's picture

Another good idea.  I would like to see Harry's commitment to a "good cause" though.

Fri, 11/19/2010 - 00:28 | 740223 Bolweevil
Bolweevil's picture

Someone else has a cheaper bet, something to the tune of 12.5k on the Dow by January 1 somebody (I forget who) leaves; 9.5k Harry leaves.

Fri, 11/19/2010 - 00:59 | 740287 DoChenRollingBearing
DoChenRollingBearing's picture

Village!  I hope I caught you!

I am there re Dec 7 (Europe) and Dec 11 (silver), though I do of course reserve the right to front-run those dates.

...

I am uncomfortable with donating via Paypal or the Internet in general.  That is why I have not donated to ZH.

FOFOA did find a way to have us primitive souls send him money.  I have donated three times to his blog:

fofoa.blogspot.com

Are you listening Tyler(s)?  Make it easy for us 20th Century types to contribute, and we will.  Although I DO understand that ZeroHedge has to run very under the radar...

Fri, 11/19/2010 - 02:01 | 740400 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

You are on the frontline, my friend.

Fri, 11/19/2010 - 17:29 | 742154 RockyRacoon
RockyRacoon's picture

All my contributions have been by Paypal... who cares.  TPTB can find out who we are, if they haven't already.  I suppose all the servers at ZH could crash suddenly -- Ooops!

But to what end?   Go ahead and give til it hurts.

Thu, 11/18/2010 - 22:37 | 739950 Gaston
Gaston's picture

Someone Slow down the captions on that video!!!, I had to pause it inorder to read it, I do speak French but thats just another story...

Fri, 11/19/2010 - 10:27 | 740818 i-dog
i-dog's picture

Do you need someone to change your nappy for you, too? You sound like an American ... so I don't believe that you speak French.

Thu, 11/18/2010 - 22:38 | 739955 cxl9
cxl9's picture

Why does anyone think that pulling cash out of the banks will hurt them? It won't, of course. They will simply print up any amount of money necessary to satisfy demand. There are no reserve requirements, and there is no practical limit to the amount of cash that can be printed. The money isn't backed by anything tangible. Withdraw all you want. It won't make a bit of difference.

Fri, 11/19/2010 - 09:10 | 740671 BigJim
BigJim's picture

Not true. Banks only hold a small amount of physical money. Most 'money' (90%?) is in the form of demand deposits (via fractional reserve creation) - it doesn't exist in real form.

As for printing the stuff - the logistics of getting it out to the branches in time is not straightforward. Furthermore, it means the banks aren't lending it out to other institutions.

If even 5% of the population demand their cash, the system will crash.

Fri, 11/19/2010 - 17:32 | 742162 RockyRacoon
RockyRacoon's picture

You are SO wrong, as outlined by Big Jim's reply above.

Thu, 11/18/2010 - 22:40 | 739957 web bot
web bot's picture

BE CAREFULL OF WHAT YOU ARE ASKING FOR...

Thu, 11/18/2010 - 23:17 | 740050 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What?  A movement to take one's "monie" that is stored in paper form in a "bank" and have it in personal possesion.  The coup d'etat would be to then move the fake FIAT IOUs into real value, precious metals.

Thu, 11/18/2010 - 23:37 | 740106 web bot
web bot's picture

In some countries, they hold less than 3% of their currency in physical paper. One this cute event happens... supermarkets are cleaned out... civil unrest starts over lack of petrol supply... you'll see how #uckin funny this is.

Don't confuse bravado, intellectual nicities and parlor chat with cold reality.

If you have kids, go and look at them this evening as they sleep and think about what a worldwide collapse in the banking system would mean.

Fri, 11/19/2010 - 01:20 | 740329 MagicHandPuppet
MagicHandPuppet's picture

A scared slave is a good slave.

Fri, 11/19/2010 - 01:31 | 740356 traderjoe
traderjoe's picture

Are you a banker? Are you familiar with government-issued script (issued without debt or interest), instead of privately issued currency (issued as debt with interest)? Do you really believe our current system works? Do you think it will ever be 'toppled' without a few broken eggs?

I look at my kids and hope that they will live under a different, and better, world. 

Fri, 11/19/2010 - 03:20 | 740478 chrisina
chrisina's picture

The problem with the current system isn't that it doesn't work but that it won't work for much longer. It will eventually collapse.

 

Whether that collapse will be sudden (BANG) or gradual (WHIMPER) will make a difference, especially if there is no other system in place that works ready to take over immediately after.

But why do you assume that once it collapses, your kids will automatically live in a different and better world? It could also be a different and much worse world. At least you have to consider both possibilities.

 

Also, why do you assume that a sudden collapse (without a working replacement system ready to take over immediately after) would only entail "a few broken eggs"? What about many, many broken eggs, like hundreds of millions of deaths?

 

Like you, I hate this system which enriches only the very few well connected to the PTB and enslaves the rest. But remember that after the Roman empire collapsed, Europe went into the dark ages for about a thousand years. I'm afraid that's the most likely outcome after our system collapses, I've lost hope of a better world for my kids and I spend most of my efforts trying to prepare them for a much worse scenario.

 

Fri, 11/19/2010 - 01:32 | 740358 Oh regional Indian
Oh regional Indian's picture

Web, on the other hand, look at your kids, asleep, warm and comfortable and think what will happen next year or next month, when you (as in no one) would have lifted a finger or tried anything and "they" decide the blow-up date. Much worse situation perhaps?

If you, on the other, other hand, believe that this system can somehow be brought back in balance, well, follow your instincts then.

In my opinion, it's going to blow, and you want to be pro-active, not re-active.

ORI

http://aadivaahan.wordpress.com 

Fri, 11/19/2010 - 02:36 | 740389 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

"[W]hat [would] a worldwide collapse in the banking system mean[?]"

Freedom.

Banks?  We don't need no stinkin' banks!

Fri, 11/19/2010 - 07:44 | 740599 Horatio Beanblower
Horatio Beanblower's picture

wb,

 

"If you have kids, go and look at them this evening as they sleep and think about what a worldwide collapse in the banking system would mean." - freedom from tyranny?  That sounds OK to me.

 

As someone has already said, you are a very good little slave.  Your masters will be proud of you.

Fri, 11/19/2010 - 18:10 | 742264 web bot
web bot's picture

holy #uck, you and your ilk are stupid.

You need to have spoken to WW2 vets like I've known and get a sense of what social unrest is... or talked to people who lived through a mild dose of hyperinflation in Argantina back in 2000... with the military in charge.

The banks are corrupt... and your concern should not be a few at the top who are milking the system... it should be what day to day life will be for you and your family.

I've already made my preparations...

 

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