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Started By
Message
Would a solid protest be pulling money out of banks?
Posted on 3/18/23 at 10:14 pm
Posted on 3/18/23 at 10:14 pm
Akin to not paying taxes. If people did that and kept cash in safes, that would get the government's attention
Posted on 3/18/23 at 10:15 pm to HailToTheChiz
How would you pay your bills?
This isn’t 1980.
This isn’t 1980.
Posted on 3/18/23 at 10:16 pm to HailToTheChiz
A Republican bank run would bankrupt the entire world economy within a year.
Posted on 3/18/23 at 10:20 pm to HailToTheChiz
So we should make a run on the banks? Make it so businesses couldn't make payroll or pay invoices. It would be incredibly painful, but it is one way to stop inflation. I doubt many economists or sane people in general would recommend it, but it would definitely work.
This post was edited on 3/18/23 at 10:24 pm
Posted on 3/18/23 at 10:24 pm to HailToTheChiz
quote:you'd have a bunch of paper.
If people did that and kept cash in safes
This is a nonsense idea. The result would be worse than what you have now. Likely make a totalitarian dictatorship easy to arise.
Look at the result of the late 1920's bank turmoil. We got FDR, and a whoooooole bunch of socialism as a result.
Posted on 3/18/23 at 10:25 pm to HailToTheChiz
On the one hand, you’d frick over everyone near retirement, which is likely to be a lot of republicans.
On the other hand, none of those republicans have money in the bank.
On the other hand, none of those republicans have money in the bank.
Posted on 3/18/23 at 10:26 pm to Ole Ag
quote:
So we should make a run on the banks? Make it so businesses couldn't make payroll or pay invoices. It would be incredibly painful, but it is one way to stop inflation. I doubt many economists or sane people in general would recommend it, but it would definitely work.
So, like a temporary run? Take money out, initiate some pain, then re-deposit to make the point?
Posted on 3/18/23 at 10:28 pm to Taxing Authority
This would basically be telling the Great Depression to hold our beer. Trump's new slogan could be Make The New Deal Great Again with your old buddy New Deal Don.
Posted on 3/18/23 at 10:30 pm to Ole Ag
You ain’t got no money nohow.
I kid. Eaasy big fella.
I kid. Eaasy big fella.
Posted on 3/18/23 at 10:33 pm to HailToTheChiz
Let's face it, the normies have on clue how to organize.
Soros & like minded groups fund for far Left mayors, DAs and city councils to look the other way when the Marxist thugs loot, riot, rape and vandalize all in the name of 'equity' and the cops are told to stand down and do nothing.
The Right tries to protest to any significant degree and it's J6 all over again. Baited into violence by inserted FBI / Antifa plants then the compliant propaganda media reports how VIOLENT Trump's white nationalist supporters are.
Soros & like minded groups fund for far Left mayors, DAs and city councils to look the other way when the Marxist thugs loot, riot, rape and vandalize all in the name of 'equity' and the cops are told to stand down and do nothing.
The Right tries to protest to any significant degree and it's J6 all over again. Baited into violence by inserted FBI / Antifa plants then the compliant propaganda media reports how VIOLENT Trump's white nationalist supporters are.
This post was edited on 3/18/23 at 10:34 pm
Posted on 3/18/23 at 10:34 pm to shutterspeed
So your plan would be to have a run on the banks and push them almost to default. Then tell everybody to put their money back in those failing banks? Not sure talking folks into putting the money back would be that easy. But a lot of people are stupid, so maybe.
Posted on 3/18/23 at 10:36 pm to HailToTheChiz
I think it's more effective to stop voting for incumbents and then to stop giving money to the major players in politics, as much as you can.
Posted on 3/18/23 at 10:39 pm to SouthEasternKaiju
quote:
The Right tries to protest to any significant degree and it's J6 all over again. Baited into violence by inserted FBI / Antifa plants then the compliant propaganda media reports how VIOLENT Trump's white nationalist supporters are.
Agreed. I think the average conservative would like to demonstrate their disenchantment with government, but they aren't willing to put their livelihoods at jeopardy and/or jump on a plane and march on DC in front of MSM cameras. A show of economic solidarity would be something relatively easily organized and doable by the voting block, however.
Posted on 3/18/23 at 10:40 pm to Ole Ag
quote:
So your plan would be to have a run on the banks and push them almost to default. Then tell everybody to put their money back in those failing banks? Not sure talking folks into putting the money back would be that easy. But a lot of people are stupid, so maybe.
It wasn't my plan. I was just claifying and playing out the other poster's scenario to its logical end.
Posted on 3/18/23 at 10:41 pm to HailToTheChiz
Soros would love this
Posted on 3/18/23 at 10:56 pm to HailToTheChiz
I started a thread about 2 to 3 weeks ago on the Money Board suggesting something like this against Chase. It is utterly ridiculous that Chase pays a whopping 0.1% interest on savings account in this present marketplace where Powell has raised interest rates so aggressively in the last 12 months. I understand the concept of Chase doesn't need deposits because of their massive size, but you also can't screw over, in good faith, the average person who's just looking for a one-stop-bank with this level of Jamie Dimon greed. Pathetic bad faith by a publicly traded bank like JPM to be this brazen and apathetic.
Posted on 3/19/23 at 12:23 am to HailToTheChiz
quote:
Akin to not paying taxes. If people did that and kept cash in safes, that would get the government's attention
This is a horrible idea that would hurt everyone but the government. FedGov has the Fed to fund itself.
Posted on 3/19/23 at 12:24 am to POTUS2024
quote:THIS!
I think it's more effective to stop voting for incumbents
quote:That's why its so odd to see so many on the right advocating for policies that will absolutely annihilate small and medium banks.
and then to stop giving money to the major players in politics, as much as you can.
Posted on 3/19/23 at 3:49 am to HailToTheChiz
How much money you think they have in those banks baw? They'd probably have to call up Brinks and have an armored truck drop off cash if you wanted to withdraw more than 10k
Posted on 3/19/23 at 5:56 am to HailToTheChiz
Well as much as I am for protests, but I will be pulling almost all my money out of my accounts, but it will not be because of protests.
I will have paid my mortgage, electric bill, cell phone bill, insurance, etc.
I will have paid my mortgage, electric bill, cell phone bill, insurance, etc.
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