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‘Officials' worst nightmare’: Yellow Vests hope to trigger bank run with financial protest
RT ^ | 1/10/19

Posted on 01/10/2019 4:10:46 PM PST by DeoVindiceSicSemperTyrannis

Yellow Vest protesters are hoping to trigger a bank run with a nationwide coordinated cash withdrawal. By threatening the French financial system, protesters say, they want to peacefully force the government to pass their reforms.

“If the banks weaken, the state weakens immediately,” said Yellow Vest “sympathizer” Tahz San on Facebook. “It’s elected officials' worst nightmare.”

Protesters plan to empty their bank accounts on Saturday, withdrawing as much money as possible in a bid to undermine the French banks – if not the euro itself. The plan is to “scare the state legally and without violence,” forcing the government to adopt the movement’s Citizens’ Referendum Initiative, which would allow citizens to propose and vote on new laws.

(Excerpt) Read more at rt.com ...


TOPICS: Miscellaneous
KEYWORDS: france; yellowvests
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To: DesertRhino
Ok - Here goes....

Only two out of five of us can identify the three branches of government;

1) Newspaper
2) Television
3) Movies

Less than half of us know which nation dropped the atomic bomb;
Easy Peasy - Germany

Only one-third of us know that the Congress, not the President, declares war;
But...but...George Bush?
Only 30% of us know that members of the House of Representatives serve two-year terms and only 25% of us know that Senators serve six-year terms;
WRONG! - They "serve" until they die - then they go visit morticians Chucky and Nancy

Most Americans continue to believe that the 9/11 terrorists came from poverty or were neglected as children despite overwhelming evidence to the contrary;
I though all Saudis were in poverty?

A generation ago presidential speeches were pitched at the level of twelfth graders. Today they are pitched at the level of seventh graders;
President Obama pitched everything like a girl

Even after the 9/11 Commission had stated publicly that Saddam Hussein had provided no support to Al Qaeda, a poll showed that half the population still insisted that he had;
But...but....George Bush...

Only 25% of us can name more than one of the five freedoms guaranteed by the First Amendment but more than 50% of us can name two members of the Simpson family.
Freedom to take other people's money
Freedom to defecate in San Francisco

The only Simpson I can name is OJ

21 posted on 01/10/2019 5:36:58 PM PST by politicket (Don't remove a Bernie Sanders bumper sticker. It's the only thing holding the car together!)
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To: DeoVindiceSicSemperTyrannis

22 posted on 01/10/2019 5:51:43 PM PST by Phil DiBasquette
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To: fieldmarshaldj

^ The old man is Dick Van Dyke!


23 posted on 01/10/2019 5:53:18 PM PST by Phil DiBasquette
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To: DeoVindiceSicSemperTyrannis

This is an important development.

Central Banks are at the root of wars and social ills. More than you can know. Banking reform is critically needed and the Mockingbird press will never write about it.


24 posted on 01/10/2019 6:10:28 PM PST by Hostage (Article V (Proud Member of the Deranged Q Fringe))
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To: DeoVindiceSicSemperTyrannis

If you see a line coming out of the door at your bank.........get in it.


25 posted on 01/10/2019 6:48:03 PM PST by cornfedcowboy
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To: politicket

The banks could limit the protestors to a maximum withdrawal of 100 Euros, or less.


Won’t ever happen. Not in an EU country. All banks in in Europe will basically be required to do the same.


26 posted on 01/10/2019 6:51:11 PM PST by cornfedcowboy
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To: politicket

I don’t know about Europe but here people could divest themselves of the stock market which would crash not only our own economy but the world economy.


27 posted on 01/10/2019 7:31:17 PM PST by McCarthysGhost
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To: cornfedcowboy
Won’t ever happen. Not in an EU country. All banks in in Europe will basically be required to do the same.

After 3 years, Greece ends limits on bank cash withdrawals

https://apnews.com/57fcf1f4694a486aa4b7cd43095ae8ee

28 posted on 01/10/2019 9:32:35 PM PST by seowulf
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To: McCarthysGhost

The economy is more than the stock market, it is largely the efficient movement of goods and services which do not need a stock market. Commodity futures markets are not the same as Wall St. stock exchanges which are tied to central banking liquidity accounts through Fed intermediaries which are the big banks.

The suffering would be a crashing of retirement accounts which were stupidly used to prop up Wall St. a couple of decades ago when pension liabilities were created through mismanagement and larceny.

Wall St. has now taken over retirements of millions of Americans which is akin to the fox guarding the coop. It should never have happened. It is a recipe for continued bad behavior. There should have been hard reform of pensions rather than ERISA legislation allowing the wolves of Wall St. to feast at the retirement accounts of millions.

In effect, the Central Banks have formed their own protection racket. It can crash and cause pain but POTUS won’t let it happen. But it should.

As for the American economy, it will be fine in any event.


29 posted on 01/10/2019 10:12:35 PM PST by Hostage (Article V (Proud Member of the Deranged Q Fringe))
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To: Hostage

What would happen if millions of Americans cashed out their retirement accounts and bank accounts at the same time? Let’s say around 5-10 million?


30 posted on 01/10/2019 10:19:50 PM PST by McCarthysGhost
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To: Envisioning

Oh dude. That is scary.


31 posted on 01/10/2019 11:33:35 PM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: politicket

LOL, you win the internets for the whole day! Maybe you’re right. I just wonder if a stampede would happen or of people would notice their debit cards still work just fine.


32 posted on 01/10/2019 11:35:10 PM PST by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: DeoVindiceSicSemperTyrannis

33 posted on 01/10/2019 11:39:49 PM PST by TADSLOS (Confuse your doctor by putting on rubber gloves at the same time he does.)
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To: McCarthysGhost

> “What would happen if millions of Americans cashed out their retirement accounts and bank accounts at the same time? Let’s say around 5-10 million?”

There would be PAIN, every which way.

The scammers on Wall St. hold America retirement accounts hostage. They are in effect saying “screw with us and the retiree gets it, capisce”?

And just like kidnappers, any rescue attempt of hostages risks murder of the innocent. The same human vice behavior is in play here.

But the scammers wear suits and get nice haircuts, hang out with the Bush league, country clubs, elite memberships, and so on. And they are expert at talking gobbledegook. They are the used car sophisticate class.

Retirement pension funds, at least the private ones, have been trashed and put down in favor of Wall St. scam schemes.

For many, many, many decades, the retirement system shut Wall St. out for good reason and based its pension fund investments on solid investments like gold-backed insurance bonds or US 30-year treasuries. Ordinary employees couldn’t purchase say a $50,000 treasury on their own so employers pooled employee retirement funds so that the employee group could afford the valued investment instruments. This system worked well when there were moral standards and reputable actuarial firms that would oversee pension funds. But employers appointed themselves as executors, as representatives of the employee’s pension funds. When a company would flounder, the appointed pension executive would siphon funds ostensibly for survival of the company while granting themselves special dispensation. In other words, they stole it fair and square.

Instead of legislating to allow Wall St. to eat the retirement carcass, Congress should have passed draconian law on the executor class that in effect would say “you touch it, you die.” A company could go belly up but at least employees would have their pensions in a safe status.

So what we have today is a bunch of Wall St. knuckleheads pressing a gun on the retiree saying “move and he gets it.”


34 posted on 01/10/2019 11:50:36 PM PST by Hostage (Article V (Proud Member of the Deranged Q Fringe))
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To: wny; All
"When cash is eliminated this won't be possible. You'll never be in possession of your own money. You will be a serf"

This is something everyone should be aware of.

35 posted on 01/11/2019 12:00:37 AM PST by Pajamajan ( Pray for our nation. Thank the Lord for everything you have. Don't waiting. Do it today.)
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