The December 7th Bank Run versus the force of entrepreneurial genius  

November 3rd, 2010 by Irdial 1DnwFLXczVZV8kLJbMYoheUrpqHesjxrSi

This video ‘Catherine Austin Fitts: The Looting Of America':

Describes on many levels, why the collectivists, the socialists and all the brainwashed people who believe in ‘democracy’ are nothing more than human cattle.

On the first level, there is a story in this video about how three women living in the same town save and borrow money.

Ms Fitts describes how, with a simple piece of software, it is possible to cut out the bank that is massively charging one of the women a high interest rate, by connecting these three people locally.

This is the sort of thing that entrepreneurs do, and which the socialists cannot even begin to imagine.

The socialist will blame the bank for the ‘problem’ of high interest rates, and then call on the violent state to force the bank to charge less.

The entrepreneur is smarter, and more importantly, ethical.

She understands the true nature of the problem and solves it in a way that not only is better for the consumer, but which has the side effect of completely destroying the business model of the bank. All without any coercion or violence of any kind, all done on the back of the power of human imagination, and voluntary exchange.

As you may have heard, there is a call for a bank run throughout the EU on the 7th of December:

French stop banque Facebook page

German stop banque Facebook page

Italian stop banque Facebook page

Greek stop banque Facebook page

English stop banque Facebook page

Dutch stop banque Facebook page

[...]

http://pjcjournal.wordpress.com/2010/10/29/starve-the-beast/

This is a good idea, but what is going to happen after the run is over?

The socialist wants to destroy, but he cannot create. He wants to hurt the system, but he wants to leave it all intact so that he can sit in the seat of power and run everything to his own bitter taste.

This is the difference; the freedom loving entrepreneurs who create and benefit everyone, versus the socialist control freaks who are inherently evil and destructive of capital and human life.

Had all the people now going berserk in France taken the opportunity to form their own banks that run on rules they fix for themselves, on a purely voluntary basis, none of them would have the need for what they are doing right now.

One thing is for sure; with all of those people withdrawing their money from the banks, this is an great opportunity to start just the sort of bank that the organisers of this bank run would want to see and use… do they have the brains to do it?

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2 Responses to “The December 7th Bank Run versus the force of entrepreneurial genius”

  1. BLOGDIAL » Blog Archive » Bank Run 2010, Eric Cantona forces the tipping point Says:

    [...] As we wrote recently, there is going to be a massive, Europe-wide bank run on December 7th. [...]

  2. BLOGDIAL » Blog Archive » Police to ban demonstrations: GOOD! Says:

    [...] understood that demonstrations do not work; this was the key insight that led the instigators of Bankrun 2010 to do what they did… and did you notice that there was nothing about it in the news? Have you [...]

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