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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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Fri, 11/19/2010 - 17:34 | 742170 RockyRacoon
RockyRacoon's picture

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

Whassamata witchu?  That's EXACTLY the intended purpose.  The more widespread the better.   Why the hell else is it called "revolution!".

Thu, 11/18/2010 - 22:43 | 739975 Stuck on Zero
Stuck on Zero's picture

If everyone withdraws their savings from the banks there will be no major effect whatsoever.  The central bank of Europe or the Fed in the U.S. will supply liquidity and the banks will carry on.  If they run out of cash they will close their doors until the printing presses catch up.  Banks do not need savers anymore.  Savers expect interest.  Banks like to create their own money and borrow the rest from the central bank at nearly zero interest.  Most of the banks are held by holding companies that manipulate money through derivatives and naked shorts.  If the banks sense a real rebellion they will short their own stocks and clean up. 

If you want to make the banks sit up and take notice then withdraw all your funds and buy gold and silver in physical form and put it under your mattress.

Fri, 11/19/2010 - 02:15 | 740074 Hook Line and S...
Hook Line and Sphincter's picture

The Fed unholy 12 hold physical bills and send them to the banks upon request. They also take in excess cash from the same banks. this, amigos, is a cold hard fact.

Unfortunately, this will do nothing of substance, except kicking yourself in the nuts and getting you on some sort of nefarious retribution internment vanDecamp list.

The only way to win is to stop playing with the banks game cards completely. This means, remove as much cash as possible now, take no new loans (or if you're wild go ahead and take as many as you are willing to BK), pay off old debts (if you believe the system will stay afloat permanently), go to PM's, barter, and become self-sufficient in every way you can.

Again, the best method to achieve this goal is to buy silver. Sell your detritus cars, furniture, equipment, cloths, trinkets, etc for FRN's and get Ag, trade a small percentage your Gold and buy Silver (when and if it returns to its inflation adjusted price vs gold) then re-adjust and distribute tangible/portable assets to locations outside the wire. Remember, TrannySA feel-ups and pervScan and there for more than just tyranny conditioning, they are there to disincentive capital outflow.

Thu, 11/18/2010 - 22:44 | 739978 MeTarzanUjane
MeTarzanUjane's picture

Running around and kicking a ball all over a field is not a mans game.

Thu, 11/18/2010 - 22:47 | 739988 truont
truont's picture

And the winner of the Missing the Whole Damn Point Award is....

Thu, 11/18/2010 - 22:51 | 740001 MeTarzanUjane
MeTarzanUjane's picture

The point is futile, like your hero's game of kick ball.

Attempt it on a mass scale and you will have your time wasted on a mass scale. Don't be stupid, do something constructive like learning ice hockey or real football.

Fri, 11/19/2010 - 02:47 | 740454 scaleindependent
scaleindependent's picture

On average, each game of american foofball is played for only 11 minutes. LOL.

The rest of the time they are watching the refs move a chain, or huddling, or TSA'ing themselves.

even the WSJ agrees.

Fri, 11/19/2010 - 03:26 | 740484 Miles Kendig
Miles Kendig's picture

Proving once more with aplomb what happens when one buries their head in the Wall Street Urinal

Fri, 11/19/2010 - 12:04 | 741174 downrodeo
downrodeo's picture

Here, educate yourself:

Association Football---http://en.wikipedia.org/wiki/Football

Gridiron Football---http://en.wikipedia.org/wiki/Gridiron_football

wikipedia: "'Gridiron' football developed in the late 19th century out of the older games of rugby football and association football (soccer). It is distinguished from other football codes by its use of helmet and shoulder pads, the forward pass, the system of downs, a line of scrimmage, more specialist positions and formations, free substitution, platooning - the use of different players for offense and defense, measurements in yards, and the ability to score points while not in possession of the ball by way of the safety. Walter Camp is credited with creating many of the rules that differentiate gridiron football from its older counterparts."

This was a note to all soccer bashers: You must at least own that fact that gridiron probably wouldn't exist in it's current form had it not been for association football (you know, the game where you use your feet to play). They just wanted a game where you can stand around for 30 seconds every time you run for 2. This staying active for 90 minutes was just too much.

Fri, 11/19/2010 - 18:39 | 742332 blindman
blindman's picture

spectators need time to purchase beer etc.  and time

to consume.  otherwise, what is the point?  victory?

Fri, 11/19/2010 - 11:15 | 740963 Thunder Dome
Thunder Dome's picture

Tarzan, look up 'wonder goal' by this guy on youtube.  The man is a goddamn gladiator!

Fri, 11/19/2010 - 11:57 | 741137 downrodeo
downrodeo's picture

Or, you can do something constructive like go on the internet and post meaningless blanket denials of the efficacy of collaboration between regular people towards a universally beneficial solution to problems effecting everybody in the world based solely on your own self-righteous understanding of the entire world system and/or omniscience.  

 

It will work better if you join us, Tarzan. I love you!

Thu, 11/18/2010 - 22:45 | 739980 truont
truont's picture

Something not mentioned but extremely important:

Only about 3% of a currency is in printed form.

97% of a currency is digital.

If 3% of savings are withdrawn as cash, then that would be enough to make the banks go "tilt"!

Thu, 11/18/2010 - 22:50 | 739981 nonclaim
nonclaim's picture

I'm probably not the only one thinking this is infantile and dumb. I'll add and say after you can't get any paper money out you should also shred your printed checks and cut your debit and credit cards. The sooner the idiots starve into submission the faster we get to normal.

Are you prepared for a financial collapse? Will your children be ok? Your old parents? You'll get what you deserve.

Thu, 11/18/2010 - 23:14 | 740051 Wynn
Wynn's picture

agree

the devil you know ...

Fri, 11/19/2010 - 01:33 | 740359 traderjoe
traderjoe's picture

Yes, let's do nothing and like it...

Thank you sir may I have another!

/sarcasm

Fri, 11/19/2010 - 01:55 | 740394 erik
erik's picture

i am prepared for a financial resolution but i prefer to not use scare tactics like "collapse" it sounds too much like "mushroom clouds".  i prefer to use words like "justice" and "integrity" and "morality".  we need to let the bankruptcy system work.  solving a problem with more of the same problem is illogical and doomed to fail.

will your children/parents be okay when the system collapses with far greater magnitude in a couple years as a result of the current "infantile and dumb" attempt to prolong it?

Fri, 11/19/2010 - 12:18 | 741232 downrodeo
downrodeo's picture

I don't konw, man. That is like asking the man holding you up if you can borrow his gun so you can shoot him. You're not going to fix things by 'letting the system work' when the system is owned and operated by those who crafted the collapse, or in your words, those who crafted the "justice, integrity and morality".

 

Fri, 11/19/2010 - 05:35 | 740543 Got my Towel
Got my Towel's picture

And with that attitude, the criminal banking cartels will carry on with the rape and pillage of our societies.  This is exactly the mentality that TPTB depend on.  Have you not yet figured out that they use your fear to their advantage?  Let go of it.  The world will spin on.

Today we are all living under ever-growing oppression, and no one is coming to our rescue.  It's on us.  The situation will only get better for us if we make it happen.  People in positions of great power are generally loathe to see it diminished.

Will this bank run work?  No idea.  I think at this point it will take much more than that.  I hope I'm wrong.  But at least it's something, and it's worth a shot.  Simply going along doing nothing is unacceptable.  Just what, really, do we have to lose?  Life as we now know it?  Maybe.  But change can be a good thing if we enact it on our terms instead of letting our oppressors make all the rules.  It is, after all, the only way forward.

Under no circumstances should making a stand against injustice be derided or discouraged, no matter the chances of success.  Taking any action to object to ill treatment deserves to be commended.  Fear of change and the unknown is nothing but a self-imposed prison.

Fri, 11/19/2010 - 08:08 | 740611 Withdrawn Sanction
Withdrawn Sanction's picture

"Under no circumstances should making a stand against injustice be derided or discouraged, no matter the chances of success. Taking any action to object to ill treatment deserves to be commended. Fear of change and the unknown is nothing but a self-imposed prison."

 

Well said.  Well said, indeed.

Fri, 11/19/2010 - 08:56 | 740634 nonclaim
nonclaim's picture

Fear of change and the unknown...

My friends, if *you* start a revolution but don't know what you will have once you get there be sure plenty of people, higher up, know exactly what *they* want.

They call you useful idiot for a reason.

When no longer useful, you are out.

Fri, 11/19/2010 - 10:03 | 740747 Withdrawn Sanction
Withdrawn Sanction's picture

You are, of course, confusing desires with actual outcomes.  The "higher ups" may indeed know what they want.  The key, however, is they do NOT know what will happen.  No one does.

Nice try at divide and conquer, though.

Fri, 11/19/2010 - 10:46 | 740866 nonclaim
nonclaim's picture

No confusion. An army attacking without clear objectives will fail.

An army of rags without command attacking its own supply line, in the beginning of *winter* FFS, is beyond infantile and dumb: it is suicidal.

I'm dividing, yes, dumb and smart are not equal.

Fri, 11/19/2010 - 12:20 | 741245 downrodeo
downrodeo's picture

It's fairly clear that the first objective is to collapse the banks. If you want a 300 page manual on the 'processes and procedures to fix everything', I suggest you get to writing.

Fri, 11/19/2010 - 13:04 | 741349 nonclaim
nonclaim's picture

Let's start small. We get together and demolish you home. Yeah, let's do it!

Done! ... Huh, now what?

We build a new one right? Without a floor plan, no material at hand, not a single clue about what to do next. Who cares? We'll destroy it because we can!

Let's do it in December, just before the first snow fall!

---

Insanity. That's what it is.

Fri, 11/19/2010 - 13:22 | 741427 i-dog
i-dog's picture

If you break the banks, you also break the congressional cesspool of spending. The free market of entrepreneurs can then quickly build an efficient and job-rich replacement for the current socialist central planning system.

Only a dyed-in-the-wool central planner would ask for a complete plan to replace a failed central planning system. Sheeeesh!

Fri, 11/19/2010 - 13:48 | 741560 nonclaim
nonclaim's picture

...quickly build an efficient...

Ah, the young years...

Best of luck to you, i-dog.

Sat, 11/20/2010 - 16:40 | 743386 Oh regional Indian
Oh regional Indian's picture

Non claim, it will not be fast in this paradigm's definition of fast.

The only possible "phoenix" from this mess will rise organically and at just the right pace.

When the pendulum swings over from one extreme to the other, the changeof direction happens in an instant. 

ORI

http://aadivaahan.wordpress.com

Fri, 11/19/2010 - 17:38 | 742182 RockyRacoon
RockyRacoon's picture

Yeah, storming the Bastille was infantile and dumb as well.

If you like what you have then do nothing.

Fri, 11/19/2010 - 18:19 | 742284 nonclaim
nonclaim's picture

Yes, that empty symbol "Bastille". What was it, who of importance to the revolution was there and what purpose did it serve?

Go on, show us all you know of History. Or you are just parroting what you heard?

Fri, 11/19/2010 - 22:10 | 742670 RockyRacoon
RockyRacoon's picture

"Symbol" it was.  Just a flashpoint.  The "spark" as it were.

That's all it takes.  One never knows what will foment the rage.

As I said, if you like the way things are then just hang in there.

Thu, 11/18/2010 - 22:45 | 739982 SteveNYC
SteveNYC's picture

Something tells me the French will actually lead the way here. After we are finished hoeing down a plate of "freedom fries", perhaps we'll join in......December 7th 2015 however.

Thu, 11/18/2010 - 22:45 | 739983 zevulon
zevulon's picture

the enemy is not the banks. it is the printing press. pulling your money out of the bank won't make a difference. they'll print more.

Fri, 11/19/2010 - 17:41 | 742194 RockyRacoon
RockyRacoon's picture

You don't get it.  If WE take all the cash on one day, and your grandmother shows up to get $20 out with her ATM card -- and it AIN'T THERE.....

That's panic!

Thu, 11/18/2010 - 22:57 | 740013 Cojones
Cojones's picture

The only way this works is when people demand they get their salary paid  in cash/silver/gold, that way banks don't receive new funds to create new money off.

Thu, 11/18/2010 - 23:04 | 740020 Miles Kendig
Miles Kendig's picture

And when the windows close on the 7th head back on the 8th and do it again, and again on the 9th ....

Too bad that most Americans think the only money that is real money are benbucks.  Tragic.

Fri, 11/19/2010 - 00:34 | 740234 Bolweevil
Bolweevil's picture

What happened to Lane?

Fri, 11/19/2010 - 03:37 | 740489 Miles Kendig
Miles Kendig's picture

Layne went to Spain to get the plain explain .. and grew some with this broadening experience

http://www.youtube.com/watch?v=H2W4wglPW2c

Thu, 11/18/2010 - 23:02 | 740025 max2205
max2205's picture

Comments:

What channel and Time is this on so I can watch

That doesn't work here banks have no cash

Why do this when all you have to do is kill the right 1,000 officials

Never follow a jock

Thu, 11/18/2010 - 23:23 | 740072 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

I have no idea where you came up with your number of a thousand.

Are you crazy or something?

Everyone knows the real number is 1003.

Use both your fingers and toes next time.

 

Thu, 11/18/2010 - 23:09 | 740044 americanspirit
americanspirit's picture

All you over-educated critics miss the point. This is a football legend reaching regular people with a message. It's a start. Better than all the howling on ZH. So what if the banks can print more. It's a start. Maybe 1% of the people withdrawing their fiat cash will buy silver. May 2%. Maybe then 5%. How much of that would it take. Stop bitching and do something constructive. Otherwise all you supersmart assholes are just that, and are also meaningless cyphers, by the way. Heads will roll ultimately, and the smartasses will be among the first on the block, way ahead of the quiet ones who are the real problem. You carping wiseguys make me sick.

Thu, 11/18/2010 - 23:18 | 740060 Village Idiot
Village Idiot's picture

I agree.  I do expect that many who bemoan our current situation will find cause to jump aboard when they are called.  For the rest - fuck 'em.

Thu, 11/18/2010 - 23:26 | 740076 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

You said "jump" "bemoan" and "fuck" in the same sentence.

You must come from one naughty village

Thu, 11/18/2010 - 23:33 | 740090 Village Idiot
Village Idiot's picture

I was attempting to edit my post when you chimed in.  I want to clarify my position regarding "carping wiseguys."  I am fond of several carping wiseguys/gals on this site.  I'll add you to the list.

Fri, 11/19/2010 - 02:24 | 740435 Hook Line and S...
Hook Line and Sphincter's picture

I like your attitude...bet you have a mean right hand when pushed. Incidentally, I took care of almost 42,000 of you ZH big brain talking SOB's last week who didn't buy their measly 1 oz of PHYS Ag.

Damn I'm full of myself. 

Get off your ass now!

 

Thu, 11/18/2010 - 23:11 | 740047 Marcus_Junius_Brutus
Marcus_Junius_Brutus's picture

Better be at the front of the queue then!!!

Thu, 11/18/2010 - 23:22 | 740067 drswhaley
drswhaley's picture

A quick check of the facebook pages for the attendees in the various countries - Germany and Holland have cancelled their events - no reason stated.  Greece only has 152 members attending - perhaps they know there money is not there, why bother to show up.  France is close to 11,000. Italy 8000 and the UK at 3000.  This will collapse everything?

Fri, 11/19/2010 - 17:43 | 742205 RockyRacoon
RockyRacoon's picture

Depends on how much the total $$ withdrawn is, not how many people.

Thu, 11/18/2010 - 23:26 | 740075 americanspirit
americanspirit's picture

It's a start. What precisely have you done that qualifies you to discount 11K plus 8K plus 3K people. Do you have some secret plan you aren't sharing? Because if you don't then shut the fuck up.

Thu, 11/18/2010 - 23:31 | 740088 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Any discount off of 22k is a start. Try using coupons you will be amazed at the discounts.

Thu, 11/18/2010 - 23:37 | 740104 Village Idiot
Village Idiot's picture

are you making fun of americanspirit?  If so, you are off my carping wiseguy like list.  If not, carp away.

Thu, 11/18/2010 - 23:27 | 740078 Rotwang
Rotwang's picture

If implemented in any volume.

You achieve a replacement of commercial (leveraged) funds for primary central bank funds (into the hands). This will blow the leverage of the afflicted bank.

 

Thu, 11/18/2010 - 23:27 | 740079 ElCapitanNemo
ElCapitanNemo's picture

I am in, joining the bank mutiny day!!!

Thu, 11/18/2010 - 23:29 | 740082 americanspirit
americanspirit's picture

Bienvenidos El Capitan!

Thu, 11/18/2010 - 23:31 | 740087 americanspirit
americanspirit's picture

Uno mas, y uno mas, y uno mas.

Thu, 11/18/2010 - 23:32 | 740089 Womb Service
Womb Service's picture

Awesome! He is forgiven for playing for the northern muppets...

Thu, 11/18/2010 - 23:33 | 740092 Dicite justitiam
Dicite justitiam's picture

So I pull my money out, the bank's balance sheet is restored by the Fed, my money is further devalued.  Sounds like a plan.

Fri, 11/19/2010 - 00:19 | 740205 Kaiser Sousa
Kaiser Sousa's picture

oh well...keep ur "money"n the hands of the bankers where it wont b devalued...thats a better plan...allows u to remain their bitch as well...win, win situation for a slave...cheers...

Fri, 11/19/2010 - 04:24 | 740516 Dicite justitiam
Dicite justitiam's picture

I agree something should be done, but there is a more intelligent solution for us serfs than a torniquet to kill a leech.

Fri, 11/19/2010 - 10:41 | 740847 i-dog
i-dog's picture

Well ... don't hold back, Baldrick ... tell us your cunning plan?!

Fri, 11/19/2010 - 01:00 | 740290 Things that go bump
Things that go bump's picture

You haven't been paying attention - buy silver and protect the value of your hard earned money.  

Thu, 11/18/2010 - 23:37 | 740108 americanspirit
americanspirit's picture

So what then - do nothing because its all useless? By the way it's the ECB ( granted a gofor to the Fed) who will have to restore the balance sheets. But, then there's the 'buy silver' part of the plan. How is the Fed or the ECB going to restore them balance sheets?

Fri, 11/19/2010 - 04:32 | 740520 Dicite justitiam
Dicite justitiam's picture

I agree, as long as the legal right to own real assets remains intact, there is some wisdom in translating fiat into property rights.  However, the power that manipulates fiat is not many steps removed from the ability to manipulate property rights.

Fri, 11/19/2010 - 10:43 | 740859 i-dog
i-dog's picture

"the ability to manipulate property rights"

I don't know about you, but I'm certainly not telling them how much Ag I'm holding!

Fri, 11/19/2010 - 15:39 | 741713 Dicite justitiam
Dicite justitiam's picture

Point taken, but if holding PM is illegal, are you willing to face the consequences of being a black market customer or dealer?  Not sure I would want to do that.  National guard and police would be compelled to enforce that law.  That's not the side of the law I'd want to be on.

A preferred course of action is to regain control from leviathan of ownership of the political process that confers power onto the executive, legislative, and judicial system.  A friend of mine in the US started a PAC called the Freshmen 50, which was intended to support the election of 50 new independents (of any political affiliation) to the House.  It's a good idea, but didn't gain the traction we hoped.

Fri, 11/19/2010 - 16:06 | 741913 i-dog
i-dog's picture

"Point taken, but if holding PM is illegal, are you willing to face the consequences of being a black market customer or dealer?"

I'm not bound by national boundaries or government regulations ... so, "illegal" doesn't enter into it for me. What I own is none of their business. However, IF the oligarchs succeed in imposing martial law in the USSA, I don't believe those who remain will be permitted to barter or use any currency other than a government smart card that is topped up with "social credits" each week.

My preferred immediate course of action is for each state to regain control of protecting its citizens from Washington ... and indeed to disband the Washington connection entirely. I don't see how electing 50 independent freshmen to a corrupt nest of 535 vipers in the house and senate would change anything. Indeed, as an anarcho-capitalist, I believe that democratic government has demonstrably proven to be an abject failure and should now be discarded in favour of true individual sovereignity and a free society.

Fri, 11/19/2010 - 18:03 | 742246 Dicite justitiam
Dicite justitiam's picture

We are basically on the same page, although I might lean more toward making the effort to salvage what is good about the existing rather than begin anew.  A reasonable allocation of one's assets into physical (protected by US property rights) is sound.  I understand the desire to abandon ship, but it's not like it's so great anywhere else.  What, Costa Rica?  Let me know what you think after you try a few years.  I'll take Colorado.

Fri, 11/19/2010 - 16:04 | 741925 i-dog
i-dog's picture

.

Thu, 11/18/2010 - 23:40 | 740112 Kina
Kina's picture

Silver Koala .... sold out

 

http://www.perthmint.com.au/catalogue/2010-australian-koala-1oz-silver-c...

 

A whole bunch of their silver coins sold out.

Thu, 11/18/2010 - 23:39 | 740113 tallystick
tallystick's picture

Run on fiat is silly.  Run on silver is best deployment of resistance resources.

Thu, 11/18/2010 - 23:41 | 740116 americanspirit
americanspirit's picture

By the way, I'm kind of fond of carping wiseguys under most circumstances too. But this is serious shit and I think even the most brilliant carping wiseguys need to know when to give it a rest.

Thu, 11/18/2010 - 23:44 | 740132 Village Idiot
Village Idiot's picture

no argument from me. carry on.

Thu, 11/18/2010 - 23:44 | 740130 Itsalie
Itsalie's picture

Sacre Eric!

 

And Tyler is right again, this won't work in the US, not because all have fat asses, but because less than 1% understand why they need to rise up and defend or be slaughtered, like sheeps about to be electrified in abatoirs.

Thu, 11/18/2010 - 23:45 | 740133 palmereldritch
palmereldritch's picture

Kick 'em to the curb Eric!

Thu, 11/18/2010 - 23:47 | 740138 americanspirit
americanspirit's picture

G'night all - my beauty sleep beckons. The road goes on forever and the music never ends.

Thu, 11/18/2010 - 23:52 | 740145 Bárðarbunga
Bárðarbunga's picture

In Amerika we have beer runs. Bank runs? Not so much.

Pretty sure even if (insert favorite actor/musician/sitcom person here) were to tell you to "Go withdraw your fiat and buy yourself some silver" Joe6 would a: have no funds to withdraw b: miss the date c: have no idea where to buy silver d: get drunk instead.

I'm leaning more toward option D.

Fri, 11/19/2010 - 00:02 | 740162 blindman
blindman's picture

where would you say does one get the best deal purchasing

silver? 

.

http://maxkeiser.com/2010/11/18/keiser-report-crash-jp-morgan-special-guest-alex-jones/

Fri, 11/19/2010 - 00:13 | 740188 digalert
digalert's picture

Gainesville coins, they take CC's.

http://www.gainesvillecoins.com/

 

Fri, 11/19/2010 - 01:15 | 740318 blindman
blindman's picture

are the prices better than 1 800 usa mint?  i'll be

calling in the a.m..  if ya know?

Fri, 11/19/2010 - 02:29 | 740440 Hook Line and S...
Hook Line and Sphincter's picture

"Joe6 would a: have no funds to withdraw b: miss the date c: have no idea where to buy silver d: get drunk instead."

buy beer stocks then?

trojan?

coffin liners?

 

Thu, 11/18/2010 - 23:56 | 740151 arby63
arby63's picture

Americans have an uncanny ability to get riled and then defeat one another at the first reasonable idea--even if it's just a start with no massive consequences.

It is part of the reason why we never get moving in any unified direction.

It's also a reason why a strongman steps in right on the verge of cliff diving.

Thu, 11/18/2010 - 23:59 | 740157 Fearless Rick
Fearless Rick's picture

I'm all for a bank run. Whether it works or not, it sends a message and if the message is sent and not received, another will be sent, more serious than the last. But I have to add that trying to upend the banks without violence is the same as the Fed trying to stave off depression by printing money.

You can go through all the Keynesian gymnastics you like, but the major cause of the Great Depression, just like our current Greater Depression is that malinvestments were not written down, or not written down quickly enough, because of government intervention.

The truth is that the government cannot control economic forces. The depression happened because that's the way the economic chips fell. Same thing this time. The government cannot stop it, the can only slow it down. They have no ideas that will turn things around until the banks are liquidated and sold off. Then we can restart.

But, the banks won't have that, nor will the government, so it's up to the people. Bank runs are a start, but eventually the banks and government will fall from force. They will use violence first, most likely, in fact, already have (OK, I will research some examples). But they will fight until the end.

So, defeating the banks and eventually the government will come down to bloodshed because it's the only way it can happen. don't be deluded into thinking that there will be a "bloodless coup." There will be plenty of blood, let's just hope it's more of theirs than ours.

Fri, 11/19/2010 - 00:00 | 740159 Critical Path
Critical Path's picture

I got a call the other night from some JPM solicitor asking if I'd like to open an account and recieve $100 free for doing so.  After laughing, out loud I might add, and telling the guy what I thought of his employer... I hung up and could only ponder the state of that turd's reserves. 

Fri, 11/19/2010 - 00:02 | 740161 Bolweevil
Bolweevil's picture

All we need is Sebastien Chabal, Michael Shumacher, Valentino Rossi and some famous dude who plays cricket with a sore spot for banksters and we got ourselves a party.

Fri, 11/19/2010 - 00:04 | 740171 Mentaliusanything
Mentaliusanything's picture

And if Ireland accepts the 38 billion euro credit card ?????

Let us think, debt on debt (all be it at a lower rate) when the push comes to shove they can't afford the one they have in their pocket at the moment. 

If they do, we are done, forget the banks they are as much pawns as the rest.

38 billion euros not a penny less. Drink it Freddie Drink it.

Fri, 11/19/2010 - 00:15 | 740194 Kina
Kina's picture

Ireland if it takes a bailout better watch out for resurgent IRA type groups as this will be seen as a sovereignty nationalism issue and the Irish a pretty sick, after a few hundred years, of being other's sex toy.

 

Asia going red.

 

Hong Kong shares slip despite strong U.S. gains, as China may reportedly hike rates later in the day

Fri, 11/19/2010 - 00:18 | 740203 hardmedicine
hardmedicine's picture

no one said anything about the December 7 symbolism.... the last time it was the CFR and central banks who won.......... this time we could take it back.

 

delicious

Fri, 11/19/2010 - 20:59 | 742553 Peace is the x-axis
Peace is the x-axis's picture

You want symbolism?

How's this for more "Reward her even as she rewarded you, and double unto her double according to her works" symbolism?

http://crashjpmorgan.net/

999. Winter Solstice. Full moon. Blood moon. Total Eclipse.

If all that symbolism doesn't do it for you, there's always the more straightforward "Kiss my full moon" aspect.

Tell the bastards "Nein Nine 9!"

Fri, 11/19/2010 - 00:23 | 740214 iconoclast63
iconoclast63's picture

According to this:

http://www.huffingtonpost.com/social/breakingpoint/elections-2010-live-u...

7,000 had signed on 3 weeks ago.

Just saying ....

Fri, 11/19/2010 - 00:36 | 740237 gwar5
gwar5's picture

Looks like it's on like Donkey Kong. December 7th.

I'm getting my money out before then... just in case it works.

Fri, 11/19/2010 - 00:44 | 740254 mrfr0gz
Fri, 11/19/2010 - 00:54 | 740275 Kina
Kina's picture

I reckon burglaries will be at record levels on the 8th.

Fri, 11/19/2010 - 03:45 | 740495 Sunshine n Lollipops
Sunshine n Lollipops's picture

Dec. 7th to do list:

1) Go to bank. Withdraw cash.

2) Go to coin shop. Buy silver.

3) Go to gun shop. Buy ammo. 

 

Fri, 11/19/2010 - 00:55 | 740281 trav7777
trav7777's picture

so the banks just don't open on the 7th.

And cash they can print at whatever volume is needed.  If reserves drop, they'll just borrow them from the ECB.  The central banks have vast pallets of cash laying around.

This is not the way to collapse the banks.

A run on MMAs was doing it in 2008.

Fri, 11/19/2010 - 02:39 | 740449 Hook Line and S...
Hook Line and Sphincter's picture

Trav! I was just thinking of that. A gargantuan run on MMA's to say the least. Strangely, no word on who these depositors were. Do you know the answer or have a plausible source?

Fri, 11/19/2010 - 01:19 | 740307 honestann
honestann's picture

Yes, everyone definitely should remove virtually ALL their assets from their banks.  But then they should take their entire wealth and convert it into physical silver and gold.  Be very careful to note here... we are not buying silver and gold, and this is not an expense, since we still have all our wealth.  In fact, we converted the fiat, fake, fiction, fantasy wealth the banksers now hold for us into real physical wealth we hold ourselves.

We have not lost any of our wealth, we now have more wealth because we have real, physical wealth, not gangster bankster controlled computer bits in our names.

By converting to physical silver and gold, we also kick some of the worst banks on earth in the groin, for they have untold billions of dollars of naked shorts on silver and gold.  They will wiped out, if any law or justice remains on earth.  Since none does, the central gangster banksters will print up untold trillions to cover those losses.

This will destroy their fiat currency system at the same moment we converted our wealth into real, physical wealth in the form of silver and gold.  The honest and productive of the world will have returned the world to a defacto gold standard, and the banksters can eat cake (then later, bullets).

I already took these actions myself over the past few years, and have zero regrets (note the "price" of silver and gold).  Time for everyone else to join the party before December 11, 2010.

Fri, 11/19/2010 - 01:40 | 740369 SpeakerFTD
SpeakerFTD's picture

Lots of good comments as always on ZH, but I am a little surprised by the many people shrugging this off with the logic that the bank will just close for the day.   There could not be a worse response.  Empty the vault filling the cash orders of the 500 protest withdrawals in the morning, and then tell the hausfrau who doesn't know Cantona from Montana in the afternoon that she can't get cash?   By the time she and her ilk finish screaming, there would be a line of 5,000 people waiting for the bank to open in the morning.

In that respect, I think it is a rather ingenious plan.  You only need enough protest withdrawals to force the bank to freeze, if only for the rest of the day.  Once word gets out, the mad logic of bank runs will be self-reinforcing.  It doesn't matter how fast the ECB prints and delivers.  The mob is faster.

Fri, 11/19/2010 - 02:03 | 740401 snowball777
snowball777's picture

Have none of these twits ever heard of online banking?

Wouldn't a run spread over the time between Turkey Day and Xmas be just as effective (i.e. can't we extend our bank run longer than they can afford to stay closed)?

I'd help out, but my money hasn't been near a national bank for more than a decade.

Fri, 11/19/2010 - 03:18 | 740476 qussl3
qussl3's picture

A run on digital dollars will be replaced by whatever "liquidity program" necessary to "stabilize" the banks.

They cant create physical out of thin air, also the shock value of a heaving mob outside a bank cant be beat.

Fri, 11/19/2010 - 02:08 | 740408 ugg kensington
ugg kensington's picture
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Fri, 11/19/2010 - 02:31 | 740443 Joe Sixpack
Joe Sixpack's picture

Withdraw the money, and buy silver with it (or gold).

 

www.gold-silver.us/forum

Fri, 11/19/2010 - 03:01 | 740467 mauistroker
mauistroker's picture

I can't believe this. WTF? I grew up in Manchester. Eric is a fucking GOD. The comments above are the dumbest shit I've ever read on ZH. If this gets mainstream in Euro land, watch out. Guess what will be liquidated to cover? 

Fri, 11/19/2010 - 03:20 | 740477 qussl3
qussl3's picture

Problem is its still at 20000+ views, when that count hits a million then we'll see fireworks.

Wonder how soon google pulls it tho.

Fri, 11/19/2010 - 03:04 | 740470 SingleCross
SingleCross's picture

I am conficted about this planned action...

I agree with starving the beast (already closed my Chase account and moved the business to a local bank, then paid off early my BofA loan) but it seems that the really big banks have used the last couple years to scarf up failed local bank assests "on the cheap."

Staff at my local bank don't even understand the term "fractional reserve banking" when I bring it into a conversation.

In other words, why kick a little mule in a big mule train.  The average mules view of life is the back end of the mule in front of it. 

Over the last five years I have also converted >80% of my paper assests to PMs, so I am on-board with changing the system.

I think, unfortunately, that it's going to take hard times (like a couple generations) to have understanding Americans.

Fri, 11/19/2010 - 03:26 | 740473 Shell Game
Shell Game's picture

Apropos that BOA home loan customers received this 'gift' today in the mail:

http://img217.imageshack.us/img217/7547/boaletter11182010.jpg

Note the first listed fee, 'Mailing a Verification of Mortgage to a third party $15'.  Interesting.. 

 

They can feel things unraveling and are exerting control through fear into the hearts of its customers slaves with a threat of unending fees that can be changed at any whim.  I'm thinking that could be the best $15 I've spent in a while..

Fri, 11/19/2010 - 03:26 | 740483 mauistroker
mauistroker's picture

What a bunch of fucking pussies. Americans are the least rational and most rationalizing cock suckers on the planet. All the radical ZH bullshit comments day in, day out, and when someone in high profile comes out and takes a position, you all start hedging and explaining why it'll be a fruitless exercise. I realize no one will read this because I'm kickin' it on Hawaiian time (having 'gone dark' for real), but honestly, you fucking dildos make me sick. A proper hero sticks his neck out to at least try and make the banks sweat and you all explain how it can't work....then go back to 'trading' your fucking GM IPO and GLD bullshit. And your penny assed stash of PM's whilst paying a fucking mortgage, car payment and credit card bills!. Fucking suckers. No wonder the US populace can be so done over,time and time again. You're so fucking docile.

Fri, 11/19/2010 - 03:28 | 740485 Shell Game
Shell Game's picture

You're so fucking docile.

 

Completely accurate.

Fri, 11/19/2010 - 03:39 | 740491 swissinv
swissinv's picture

believe me the last thing what you want are bank runs or a silver nuke at the moment! scary stuff what I am reading here...

Fri, 11/19/2010 - 03:55 | 740500 blindman
blindman's picture

we are all full of scary way before anyone read this thread.  believe me.

.

Green Porno - Bedbug

http://www.youtube.com/watch?v=MakIB_IJnu0&NR=1

Fri, 11/19/2010 - 04:44 | 740523 plocequ1
plocequ1's picture

I love Gary Null. I listened to him way back in the WBAI days. A true lover of Gods creation of the human body. A man who is in total touch with his soul. A beautiful man.

Fri, 11/19/2010 - 09:32 | 740704 blindman
blindman's picture

he's back on wbai at noon. est

Fri, 11/19/2010 - 13:45 | 741007 plocequ1
plocequ1's picture

 I clicked on the link and listened to some of his archived shows. He has become more insightful and thoughtful than ever .His topics today are a fine balance between health and the state of society today.  Thanks for the link. I will be listening to him every day. We need more people like Gary Null.

Wed, 12/01/2010 - 16:00 | 769335 PrinceDraxx
PrinceDraxx's picture

Said he wanted people to call with their opinions about WikiLeaks. Lady called started giving her opinion and he ended up turning the call into a rant about Israelis. What a punk. If he wants to rant about Israel, why not just do it instead of trying to disguising it as opinion gathering on WikiLeaks.

Fri, 11/19/2010 - 06:14 | 740559 belsebub
belsebub's picture

He was a fantasic player, and he is street smart indeed. If you havent seen the most fantastic goal gesture ever done, please have a look at the following clip:

 http://www.youtube.com/watch?v=ox9-z1LtqnQ

Fri, 11/19/2010 - 06:57 | 740577 szjon
szjon's picture

No shrinking violet here. Cantona is a legend.

 

http://www.youtube.com/watch?v=u-WmfTIRUWY

Fri, 11/19/2010 - 09:46 | 740579 Goldenballs
Goldenballs's picture

Used to be only 6% of total money credit only existed in cash.Will "the Seagulls follow the trawler".Just been to my bank to see if a cheque had cleared used to be approx 3 days.Just told now 6 working days + 1.Quicker 20 years ago,pushing for total electronic system.Will be drawing out money on December 7th,banks deserve to fail due to greed and neglect of customers.Stuff "Globalisation" up their A****s.

Fri, 11/19/2010 - 07:20 | 740581 Lady Heather...UNCLE
Lady Heather...UNCLE's picture

i am going to sound a drongo here so please excercise forebearance: deposits collapse, credit (bank assets)collapses faster (via the reverse of multiplier effect)...money supply decreases, shouldn't prices tumble ?(ie deflation)...sorry for naive question

Fri, 11/19/2010 - 08:25 | 740623 Fearganainm
Fearganainm's picture

Unable to watch that vid after several attempts and the site is as slow as mollasses....

Fri, 11/19/2010 - 08:35 | 740631 BoeingSpaceliner797
BoeingSpaceliner797's picture

This might work; it might not.  None of us knows with certainty (if so, may I borrow your crystal ball?).

However, adopting the attitude of "I'm not doing this BECAUSE it will never work," is precisely the mindset that TPTB want you to have.  So, think of this like playing poker.  Your most successful tactic is to do what your opponent does not expect.  Since TPTB expect and count on your apathy, don't be apathetic, even if you think it won't work.

Fri, 11/19/2010 - 08:54 | 740643 jus_lite_reading
jus_lite_reading's picture

For the ignorant imbeciles who say Eric Cantona is a nobody and he has 'about 11 people backing him' up - you have no idea. If you believe this man is mentally deranged, and has no support, I dare you go "all in" on banks.

Fri, 11/19/2010 - 09:19 | 740677 NewWaveSlave
NewWaveSlave's picture

We need a revolution of ideas.  We have become New Wave Slaves and it is time we stand up and make our voices be heard.  It is a simple 3 step plan:  Turn On, Tune In, Drop Out- Break the Banks

http://newwaveslave.com/2010/11/turn-on-tune-in-drop-out-break-the-banks/

A bank run will not work.  It will get headlines for a day or two.  It must be more methodical to have real impact.  Pass this article around.  (perfect for ZH) 

Rock On.

Fri, 11/19/2010 - 09:51 | 740729 belogical
belogical's picture

Tried to post this link to HP and they blocked me everytime

Fri, 11/19/2010 - 10:06 | 740754 rwe2late
rwe2late's picture

 Objections to the proposed bank depositors' strike presume 2 impossible-to-meet expections, namely:

 1) that if it doesn't totally overthrow the system it shouldn't be done, or

2)that doing it may have unpleasant repercussions.

 Doubtless, had they been there, today's objectors would have raised the very same objections to demanding service at a segregated lunch counter, or to joining Ghandi's "salt march".

 Understand instead, the proposed protest is peaceful, you can't expect real change in one pure and easy demonstration, nor can you expect no counter-blows from TPTB.

Principled actions make a point, and peaceful protests retain the moral high ground.

Fri, 11/19/2010 - 10:29 | 740827 Bagbalm
Bagbalm's picture

The media will probably ignore this. If they showed up the 7th early with news cameras they might have the banks stripped out by noon. They can print all they want - but they can't do it in a half hour. Things could get ugly by afternoon.

Fri, 11/19/2010 - 11:35 | 741056 Bastiat
Bastiat's picture

Great stuff, squeeze their balls.  I prefer the "buy silver" action though.  Because you end up with something other than fiat and the action is very specifically targetted to spotlight and exploit a specific crime -- market manipulation. It is elegant.

I guess the cash run on the banks is more like a general strike--it will end with banks closed and the economy effectively shut down.

Fri, 11/19/2010 - 16:09 | 741956 ZeroConfidence
ZeroConfidence's picture

 

A highly satisfying game of F*CK YOU!! will have what unintended consequences?

 

I'm looking forward to finding out.

 

If I were in France I'd be doing all my banking before the 7th... you know, just to avoid the big line-ups.

 

Sat, 11/20/2010 - 14:24 | 743263 Rhodin
Rhodin's picture

Maybe this "works" in europe and maybe it doesn't.  If it causes a collapse  or bank holiday there, it could spread to USA easily.  Maybe the "crash JP Morgan, buy silver" thing "works" and maybe it doesn't.  If JP goes down it could cause quite the "holiday" no doubt.  Point is, good idea or not, both efforts are underway, and the timing is known. 

Most here are probably prepared for possible "holidays", but how many have friends or relatives that aren't.  It is a good time to explain the wisdom of cashing in some paper assets, withdrawing the fiat, and turning all but a few months expenses into silver coin at a semi-local coin shop if possible.  Doing it sooner is likely to be more profitable if "nothing happens" than waiting for the assigned dates.

Sun, 11/21/2010 - 03:10 | 744052 The Mummy
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