Guest Post: Want To Defeat The Banks? Stop Participating In The System!

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Fri, 10/28/2011 - 09:57 | 1820607 AngryGerman
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8) LET YOUR HAIR GROW LONG

9) DO NOT WEAR CLOTHES

10) FREE LOVE 24/7

Fri, 10/28/2011 - 10:17 | 1820679 metastar
metastar's picture

What's wrong AngryGerman? Inflation at the Kaiserstrasse got you down?

Fri, 10/28/2011 - 10:31 | 1820717 What does it al...
What does it all mean's picture

Why not just elect officials that will change the system and do what people want...  Yeah, never mind.

 

Fri, 10/28/2011 - 12:07 | 1821152 BigRedWall
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We should just vote for politicians who advocate "change" and "hope"...

Fri, 10/28/2011 - 12:08 | 1821158 BigRedWall
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We should just vote for politicians who advocate "change" and "hope"...

Fri, 10/28/2011 - 12:08 | 1821161 BigRedWall
BigRedWall's picture

We should just vote for politicians who advocate "change" and "hope"...

Fri, 10/28/2011 - 12:09 | 1821162 BigRedWall
BigRedWall's picture

We should just vote for politicians who advocate "change" and "hope"...

Fri, 10/28/2011 - 14:26 | 1821845 mvsjcl
mvsjcl's picture

Ahh, yes. Many evenings spent at the marble palace when I wore a greener cloth. Thank-you, Germany, for those kind memories.

Fri, 10/28/2011 - 10:23 | 1820696 Dr. Richard Head
Dr. Richard Head's picture

11) Get involved with the current metal and barter network of http://www.opencurrency.com/

Fri, 10/28/2011 - 10:40 | 1820739 hedgeless_horseman
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4) Build Barter Networks

But not this way...Man robbed, beaten during attempt to buy iPad from Craigslist

 

 

Fri, 10/28/2011 - 10:41 | 1820755 SheepDog-One
SheepDog-One's picture

Triple homicide today where I live due to a Graigslist meeting gone wrong...the guys wife came home early to bust the meet'n'greet between her husband and the unsuspecting little lady he met on the 'net.

Fri, 10/28/2011 - 10:55 | 1820805 s2man
s2man's picture

His wife shot the llama, too?

Fri, 10/28/2011 - 12:04 | 1821137 LFMayor
LFMayor's picture

nope, the midget fell off the ceiling fan when the gun went off and startled him.

Fri, 10/28/2011 - 11:46 | 1821041 squidward
squidward's picture

Barter works best when you produce a product that people want to barter for.  I sometimes sell honey at a local farmers market and trade with the other venders for fruit, cheese, veggies and meat is amazing.   When you do the math of your production costs versus what you get in trade it is far cheaper than any food you can buy in a store.  

I've been meaning to try the same thing with my home brewing and wine making, and putting an ad on craigslist.

Fri, 10/28/2011 - 12:42 | 1821291 Rhodin
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This works if you can pre locate customers, setting up the barter in advance.  Otherwise the local market for such products can be fully met in the time it takes a start-up to get into production, especially things like honey and maple syrup that store well.  The producer is faced with "going commercial" or several years of product for local consumption and a pile of unused production equipment.

Fri, 10/28/2011 - 12:38 | 1821281 Penniless Pauper
Penniless Pauper's picture

Thats the best solution!

Plus when you Barter you dont have to pay tax on the Feds Debt Bills.

Fri, 10/28/2011 - 10:25 | 1820702 tmosley
tmosley's picture

Tell that to your avatar.

Fri, 10/28/2011 - 10:34 | 1820725 GeezerGeek
GeezerGeek's picture

8) My head is more suited to being part of a solar furnace with its ability to reflect light. None of hair-growing remedies worked for me, either.

9) Haven't tried that, although there are some 'nude' beaches nearby. However, I hate to be laughed at.

10) Works if you've got a hammer like Thor. Not so well if you've got a wand like Ron Weasley in the Harry Potter stories.

Fri, 10/28/2011 - 13:32 | 1821515 MarcusLCrassus
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You have certainly fallen in love with your captors.  How does Jamie Dimon's wang in your mouth feel?

Fri, 10/28/2011 - 09:58 | 1820609 kato
kato's picture

As Gregor Samsa awoke one morning from uneasy dreams he found himself transformed in his bed into a gigantic insect...

Fri, 10/28/2011 - 10:02 | 1820618 GeneMarchbanks
GeneMarchbanks's picture

Kafkaesque indeed. I was thinking more along the lines of The Castle though.

Fri, 10/28/2011 - 10:16 | 1820674 Ryman1075
Ryman1075's picture

Our country is liveing on Egg-rashers already.

Fri, 10/28/2011 - 10:38 | 1820738 GeezerGeek
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I'm having my roof replaced by some hard-working Hispanics. Listening to them chatting outside my window while reading your post made me want to start singing "La Cucaracha". Then I remembered that I can't sing.

Fri, 10/28/2011 - 12:14 | 1821187 jonan
jonan's picture

lol, today's politicians would glady smash your face in the same manner the sister did to gregor...

Fri, 10/28/2011 - 09:58 | 1820610 Corn1945
Corn1945's picture

The banks don't care if you close your account. Banks are not subject to market forces like any other business. They have an unlimited government backstop.

The only way to beat them is to stop the bailouts.

Fri, 10/28/2011 - 10:09 | 1820647 SilverRhino
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Were that actually the case explain BofA's latest actions with people attempting to close their accounts.

Fri, 10/28/2011 - 10:20 | 1820690 Robot Traders Mom
Robot Traders Mom's picture

They're just trying to stop you to be assholes about it. It really doesn't affect them as much as you think...

Fri, 10/28/2011 - 11:24 | 1820939 Hero Protagonist
Hero Protagonist's picture

I wonder if there is a way to quantify it.  That is, what would the total amount of witdrawls be if everyone with a total networth of <$1,000,000 closed their accounts?  Would it really add up to enough to impact a bank's balance sheet?

Fri, 10/28/2011 - 12:30 | 1821251 Imminent Crucible
Imminent Crucible's picture

"The banks don't care if you close your account."

Er, not correct. The banks serve the system as conduits between the Issuers of Credit Money (that would be the Fed) and the Consumers of Credit (that would be YOU, and YOU, and YOU!).

A bank with no customers is useless as a cog in the fractional reserve system, and likewise as a primary dealer. Ask yourself how long the USD would stand as a reserve currency if ALL Treasury issuance was bought and held by the Fed?

Then ask yourself, What would be the share price of a depositary bank whose report revealed that it had (a) no loan assets on its books and (b) no deposits on account?

Don't use the banks. Don't borrow money from them, and don't loan money to them.

Fri, 10/28/2011 - 11:59 | 1821105 NotApplicable
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The biggest effect is likely on the bank tellers who fear for their jobs as they watch business go away. Given BoA's expansion over the last decade, they're due for some contraction, which will actually make their books look better for the criminals in suits at the top.

Not that they still aren't a zombie bank.

I found this blog post over at LRC showing a study that determines how banks rule the world.

http://www.lewrockwell.com/blog/lewrw/archives/97597.html

They rank corps in order of global market control. BoA comes in at #25.

Fri, 10/28/2011 - 13:37 | 1821543 Raging Debate
Raging Debate's picture

Good link. Note the conclusions: Attempting to calculate the solutions to the Bow-Tie concentration creates paradoxes. This is because a Bow-Tie formation is a 5d model. In the fifth dimension time loops back in on itself. It wouldn't matter anyways, you need a Quantum Computer to calculate the solution in math. That is what these group of researchers (brilliant BTW) are really saying. There are reasons for that but it would probably bore a lot of people here. Irrespective if the CB model is 4d or 5d it will revert to pyramid formation without the correct 4d TOOLS. And instead of hurrying to build them the temple priests decided to declare themselves god and go on permanent vacation instead. Sorry, you lose your temple licenses for being responsible to try and goofing off instead while the masses perish.

Where's Banzai with the image of the Golden Calf and the High Priest Aaron? Purposeful centralization into a Golden Calf without Moses ordering to melt it down means death to the masses in the desert as they try to head into the Promised Land.

Why? Because you also drastically limit trade when you centralize and do not organize and plan decentralization. Better listen to ZH subscirbers when they tell you to have the three B's: Beans, Bullion and Bullets. 3 months of supplies to feed a family of four is bare bones but also necessary, at LEAST. Malthusians are people that know the general outcome and justify their own shirking of temple responsibilities but still wish to continue carrying a full license with all the associated privalages. Markets which are in essence the people, will always expect a mutual value proposition to function properly...

Fri, 10/28/2011 - 13:37 | 1821544 Raging Debate
Raging Debate's picture

Good link. Note the conclusions: Attempting to calculate the solutions to the Bow-Tie concentration creates paradoxes. This is because a Bow-Tie formation is a 5d model. In the fifth dimension time loops back in on itself. It wouldn't matter anyways, you need a Quantum Computer to calculate the solution in math. That is what these group of researchers (brilliant BTW) are really saying. There are reasons for that but it would probably bore a lot of people here. Irrespective if the CB model is 4d or 5d it will revert to pyramid formation without the correct 4d TOOLS. And instead of hurrying to build them the temple priests decided to declare themselves god and go on permanent vacation instead. Sorry, you lose your temple licenses for being responsible to try and goofing off instead while the masses perish.

Where's Banzai with the image of the Golden Calf and the High Priest Aaron? Purposeful centralization into a Golden Calf without Moses ordering to melt it down means death to the masses in the desert as they try to head into the Promised Land.

Why? Because you also drastically limit trade when you centralize and do not organize and plan decentralization. Better listen to ZH subscirbers when they tell you to have the three B's: Beans, Bullion and Bullets. 3 months of supplies to feed a family of four is bare bones but also necessary, at LEAST. Malthusians are people that know the general outcome and justify their own shirking of temple responsibilities but still wish to continue carrying a full license with all the associated privalages. Markets which are in essence the people, will always expect a mutual value proposition to function properly...

Fri, 10/28/2011 - 17:08 | 1822647 Hephasteus
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Sure thing. Try to deal with the bank of international settlements with a population not under your control.

Try to deal with the bond market with a population not under your control.

Greece is bigger than you think.

Fri, 10/28/2011 - 10:24 | 1820698 i-dog
i-dog's picture

Exactly. You get a green from me.

"The only practical strategy for combating the tyranny of centralized systems has been and always will be decentralization."

SECEDE NOW!!

Fri, 10/28/2011 - 12:50 | 1821315 goldfreak
goldfreak's picture

what if we all secede snd then rejoin  a new union the next day and leave the debt to the United States of Washington DC?

Fri, 10/28/2011 - 18:58 | 1823040 i-dog
i-dog's picture

 
... then I'd give you/us:

  • +1 for seceding out of the current fucking mess (a monolith that is not what the founders intended)
     
  • +1 for joining a new voluntary union of like-minded states (which is what the founders intended)
     
  • -1 if the new union includes a 'federal' government (ie. it should be a 'heads of agreement' between the states on certain philosophical ideals (eg. trade, travel, mutual defence), rather than a framework of centralised governance)

This applies to Europe as well as the US.

Fri, 10/28/2011 - 13:02 | 1821386 taxpayer102
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Not one word about Libya in Brandon Smith's article.  Very few posts on ZH supported Gadhafi and Libya's once independent central bank backed by its own gold reserves, unconnected to the banking system Smith advocates us not participating in.   Gadhafi had in place a banking plan that threatened Europe's financial system. Libya was set to be self-sufficent in farming when it completed its $500 million Nubian Sandstone Aquifer system and of course Libya had oil Europe needed and didn't want to pay for in gold.   The West's demonization of Gadhafi was a pretext to take him out and continued even as he continually sought ceasefires.   How many on ZH can say they didn't recognize Gadhafi and Libya had a system much like is advocated on ZH yet for reasons known only to themselves failed to support the people of Libya.

Fri, 10/28/2011 - 19:06 | 1823070 i-dog
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There were plenty on here that supported Libya and Qaddafi (I'm one, and saw a number of others as well; check my old posts).

ZH comprises many rational contributors as well as a variety of shills, trolls, paid saboteurs, agents provocateurs, tired teenagers and complete fucking morons.

Fri, 10/28/2011 - 22:15 | 1823449 buyingsterling
buyingsterling's picture

SPOT ON.

Libya should be enough to tear the veil off anyone's eyes. Naked, unjustified aggression. I supported the Iraq invasion, which I regret. But Hussein actually did kill a lot of his citizens. He made Gadhafi look like a saint, but Hussein and his people didn't deserve what they got. A few years ago Gadhafi was the poster-boy for 'anti-terrorism' cooperation, voluntarily ending all WMD programs. Now this. Other leaders, take note. You are not safe from this gaggle of sociopaths.

Alex Jones talks about the modern 'right of kings', where leaders of countries abstain from assassinating other leaders, as an extension of an ancient code of honor. I think it goes beyond that. Savvy leaders must realize that other national leaders are some of the few people who have the resources and technology (or access to same) that can be used to take them out. Western 'leaders' are either not very savvy, or very, very confident.

What's happened makes perfect sense if considered in the context of the '100 year' global war on terror. The US knows that Iraq and Libya pose no terrorist threat, if unmolested. Only if they have a radical government will we be able to justify taking them over outright, some years from now. God willing, their system of exploitation and pillage will collapse and bury them long before that.

Fri, 10/28/2011 - 10:20 | 1820687 tgatliff
tgatliff's picture

Personally, I think that people read too much into all this.   BOA is dead no matter what happens.   Also, contrary to belief, the FED does not have the ability to make a market.   They can attempt to prop it up temporarily, but even they realize that they do not have the power to do it for very long.   If their actions are too extreme, like right now, then the political response will end up limiting their powers.

In short, in my opinion, the banking industry and the FED are not doing what they are doing right now because they are arrogant.  They are clearly desperate....

Fri, 10/28/2011 - 10:26 | 1820703 tmosley
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The other way is for the currency to collapse.  Which do you think will happen first?

Fri, 10/28/2011 - 10:35 | 1820715 GeneMarchbanks
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'The banks don't care if you close your account.'

They certainly do. You are partially right in saying the bailout backstop is a bigger problem but the blame falls squarely on the shoulders of elected officials.

No magic bullet. One inch punch, if you withdraw your cash and save in Au + Ag  it makes a difference.

Fri, 10/28/2011 - 11:36 | 1820988 bernorange
bernorange's picture

When banks are leveraged 50:1 or so, you would think they woud be absolutely terrified of an organized bank run.

Fri, 10/28/2011 - 12:03 | 1821134 NotApplicable
NotApplicable's picture

Commercial banking (lending for profit) is already dead. As the banks die, the survivors will consume them, until they too either die or join the TBTF Zombie Corps, where one subsists on front-running Fed operations, and processing fees for dealing gov paper.

In other words, nationalization without the outright transfer of ownership, leaving yet another facade where a market used to be.

Fri, 10/28/2011 - 12:53 | 1821335 Snidley Whipsnae
Snidley Whipsnae's picture

notapp... Yes! There will never be a nationalization announcement...

Fri, 10/28/2011 - 17:11 | 1822668 Hephasteus
Hephasteus's picture

The bernank had 40 billion dollars worth of cash delivered to banks in response to the 2008 crash.

The printers jamming up 100 dollar bills stuff is bullshit. The truth is likely that they are suffering long slow continuous bank runs.

Sat, 10/29/2011 - 21:08 | 1825435 Zero Govt
Zero Govt's picture

the US Govt nationalising bankrupt US banks will be their continued suicide note... no American will accept an account in such a State zombied entity they'll high-tail it to a private sector bank leaving Tiny tim holding an empty sack (he's already personally familiar with that no doubt!) 

Fri, 10/28/2011 - 10:31 | 1820716 disabledvet
disabledvet's picture

Yeah I'm looking through the Opera Score here and i note "end the government" always appears at the bottom and by then i'm usually fast asleep. It falls under the title "Mysterioso" as well. There's an interesting side bar about "ending regulation"--unfortunately included is ending the regulation of government too. Sounds like Kafka's a winner!

Fri, 10/28/2011 - 10:48 | 1820786 Enkidu
Enkidu's picture

Stop using credit cards...

Fri, 10/28/2011 - 12:31 | 1821255 tamboo
tamboo's picture

or max out your card buying metals, default, goad collectors into breaking the law,

sue and profit.

Better Off Deadbeat

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