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

This is entirely a good thing, and it is precisely the sort of action that BLOGDIAL has advocated for years; we have been saying over and over that demonstrating in the streets is completely pointless, and we were and are completely right.

This call for a bank run has people in ‘authority’ very worried:

Valérie Ohannesian, of the French Banking Federation, said she thought that the appeal was “stupid in every sense” and a charter for thieves and money-launderers.

“My first reaction is to laugh. It is totally idiotic,” she told the Observer. “One of the main roles of a bank is to keep money safe. This appeal will give great pleasure to thieves, I would have thought.”

Grauniad article on the bankrun and Cantona

If that is all they can come up with, they must be shitting their knickers.

For a start, everyone now knows that ‘money laundering’ laws are not there to catch ‘criminals’ but are instead for the ordinary people who are trying to protect their money from the ravaging, rapacious state.

She goes on to very stupidly mock the idea with the fact that Cantona would need ‘several suitcases’ to withdraw his money. Of course, he would not need suitcases to withdraw his wealth if the money in his account was worth anything in the first place.

The hollow sound of desperation in print.

As we posted before, this bankrun is an entirely good thing, but what has to happen is a complete exposure and defining of the problem, before it can be fixed.

It seems that the people behind this bankrun are highly intelligent, media savvy people; lets go through this statement from the Bankrun 2010 site.

Dear media,

For a short time, the international press reported the call for a bankrun that we launched on Facebook to invite all those who wish to follow us to withdraw their money from their accounts on the 7th of December, 2010.

Since the publication of our call, people around the world mobilized to translate the text into their language to recreate the event in their country, to promote our initiative by all possible means and invite their contacts to do the same. Our call has met with a success that we did not dare to hope for. We are very happy about it and thanks to the personal investment of all those who, like us, want to enjoy a healthy banking system, equitable, affordable and accountable, we hope that over the weeks we can convince enough people in the world to finally be heard by our respective Governments.

Good. There is only one problem however; a healthy banking system cannot be equitable; a bank exists to hold your money for you and to facilitate transfers for you and to do other services that you require of it, in return for fees. What those fees are is a matter of negotiation, since you are entering into a private contract with a company or an individual.

This is why it is not smart to ask for an ‘equitable’ or an ‘affordable’ banking system; market forces produce the best possible banks, and therefore, banking should be left completely up to those forces, in the same way that the operation of self storage units are left to the market.

The problem with banking is not deregulation, it is regulation and interference from the state.

For clarification purposes, we do not speak on behalf of any political party or from any labour union or religion. Our action is a civic involvement that keeps its distance from any form of hate or conspiracy theories that could be made on behalf of our movement, by others during their interventions on any areas of discussion, which is beyond our control. We only speak for ourselves and for no other organisations. We do not seek to harm anyone in particular. It’s towards a corrupt, criminal and deadly system that we decided to oppose, as far as our ability our determination and respect for the law are concerned.

Very good.

Why have we launched this action?
First of all, we wanted to raise public awareness on the functioning of the monetary system.
The overwhelming majority of holders of a bank accounts, savings accounts or even a pension plan, are unaware the way money is created or what the banks are doing with the money that ‘they are given. They know nothing about the principle of money as debt. They do not know the reality behind words like “asset bubbles”, “Treasury bills”, “Hedge Funds” or “securitization”. Hence the media in general make little effort to inform in an objective, transparent and accessible way to all. The only thing the public really understands is that most major financial crimes and insider trading remain mostly unpunished, but they are the first to pay the consequences.

True. People are almost completely ignorant of what money is, how banks work and what the current role of the state and central banks is. They cannot define inflation, do not understand that it is deliberately caused, do not understand that the money in their accounts (so much as it even belongs to them) is worthless and that this is all by design.

Not only do we deplore how many questions posed by ordinary citizens on the economic situation remain without clear answers in your columns,

There are highly intelligent commenters who regularly destroy the nonsense some ‘journalists’ peddle about all of this. We are past the tipping point; its GAME OVER for this immoral system.

We do not need journalists anymore; what we do need is a free internet, millions of awakened people and one or two very famous people to stand up and push the snowball down the hill.

It has finally happened.

but we also regret your lack of zeal in denouncing the measures that have allowed the global economic situation get to the point where it is today: a situation that has bought our heads of states and Governments to their knees before the rating agencies, trembling with fear at the idea that our currencies are deteriorating.

Our politicians can’t meet both the interests of financial markets and those of its citizens. So, it is time to remind them who they were elected to serve.

Strikes and demonstrations are no longer useful because whatever we do, we are not heard. And whatever they do, we are not consulted. So we decided to hit the system at its core – THE BANKING SYSTEM

MY EMPHASIS!!!!……

At long last, they are beginning to understand!

For YEARS we have been saying this; demonstrations DO NOT WORK, and you are an ignorant PART OF THE PROBLEM if you call for them, or a GATEKEEPER in service of the STATE and THE WAR MACHINE.

Insanity: doing the same thing over and over again and expecting different results. – Albert Einstein

This is true about everything, including demonstrating to stop war or to make government do what you want it to do. You cannot keep calling for demonstrations and expecting the bad things to stop, when it fails to work; doing so is irrational and stupid. Demonstrations and violence are failure tactics, and the idiotic students who smashed Tory HQ are completely wrong in every way you can be wrong.

Think about it; 50,000 students, all of one mind are an army and huge potential financial force that could make a huge change; on the most basic level, that many people could buy a full page advertisement in a national newspaper once a month for ONE POUND EACH.

That would be far more effective in getting a message across, rather than marching in the streets like animatronic showroom dummies.

But enough of that…

Are we aware of the economic consequences that would result from the success of our action?

We are especially aware of the consequences that the deregulated and uncontrollable global financial system will have on our jobs, our health, our education, our pensions, our industries, our environment, our future, our dignity, the dignity of the citizens of countries that the system has enslaved by debt that they will never be able to repay to better appropriate their resources. This is the fate that awaits people if we in the West do not take ourselves in hand.

We are aware of the role this system plays in the prosperity of industrial empires whose interests depend on armed conflicts, diseases, food shortages and poverty prevailing in the countries that provide labour and natural resources at minimal cost. We are aware that this system will never have anything to gain from a world of peace and prosperity and that continuing to entrust our hard and honestly earned money to this sick system, we make ourselves accomplices of its thefts, for its crimes, its wars and the misery war generates.

Beautiful; they can actually see!

The only problem here, is that they are talking about deregulation being a problem when it is not. If these people were able to form their own bank, and run it however they please, they would be an international force unparalleled in its size and transparency, as everyone moved all their money to it en masse.

The reason why they cannot have their bank is because the state regulates banking so that the war machine can be run. They stop anyone honest from running a bank, and they use legal tender laws to prevent honest money from emerging. Once again, the problem is not deregulation, but regulation by the state.

There is nothing wrong with accumulating wealth. What is wrong is the wealthy using the state to murder people with its war machine. This is called Crony Capitalism, which is very different from Capitalism.

What do we want?
We, the citizens of the 21st century, heirs of generations who have sacrificed so that we may live free and dignified, demand the creation of a CITIZENS BANK- serving citizens, a bank that would put our money away from speculative fever, free of all financial bubbles designed to burst one day, free of operations that transform our loans & assets and use our debt to buy other assets.

This is a very good idea. The only thing stopping you from creating this bank is the state. Remove the state’s ability to regulate banks and then you can have your ‘Citizens Bank’, and you will be able to run it in any way that you like.

We want banks that lend only the wealth they have. Banks that help small and medium enterprises to relocate jobs, & bank lending at zero rate. (*) Banks that support projects that benefit citizens rather than the “market”. Banks where we can deposit our money, which will then create a peaceful conscience within ourselves. Banks we will not have to be worry about. Banks whose success will sound the death knell of the merchants of death, disease and slavery. On the ruins of the old system, we want to build a banking system that will no longer sacrifice more human dignity on the altar of profit.

This is error.

You want ‘banks’ that only lend the money they have; NO, you must make your own bank that does that; you cannot force people to run their businesses to serve you. Your only recourse, as it should be, is to remove your money from banks that are evil and to put them into an honest bank. You cannot on the one hand, say that you want a world free of violence, and then at the same time, call for the state to do your bidding via violence on others. Start your own bank, and if the state tries to stop you, confront them. You can be sure that the existing banks will be pushing for the violent suppression of you and this bank run right now; that is all they have left to fight with; the apparatus of the police state.

You will be able to set your own interest rates, lending requirements and ultimate purpose. There is a desperate need for such a bank, and you have a captive population of over one hundred million to start with.

I’m afraid that the price of liberty is eternal vigilance. You are in the trouble you are in now because you trusted the existing banks and the state to take care of you, and like the predators they are, they fed on you. You will never be able to not worry about banking.

As for the ‘altar of profit’ this is just total nonsense; there is nothing wrong with profit, and you are conflating profit with Crony Capitalism and its evil practitioners. Profit, price signalling and all the other elements of real economics are essential to bringing into existence the prosperity, freedom, peace and the kind of bank that you want to be able to use. You cannot deny the laws of nature, and economics is governed by rules that are as firmly set as the laws that cover physics. Learn these rules, and you will make a bank that is more likely to be a long term benefit.

Finally, the old system must be swept away completely. There is absolutely no reason why a new, clean, moral bank should be set up on the ‘ruins of the old system’. If your plan is that you are going to start with a bad foundation, you might as well not even begin.

Dutch lawmakers have already considered laws to outlaw calls for bank runs. The state and its Crony Capitalist masters are going to use everything they can to destroy you so that they can continue with their insanity.

It is only through peaceful voluntarism that you will ever get a lasting solution to this problem. Forcing banks to obey you by using the state makes the state more powerful, and it is the state that is the true enemy.

We, the people have finally been awakened by poverty and despair afflicting the most vulnerable among us – pensioners, welfare recipients or working poor – and is now threatening what remains of the middle class & entrepreneurs. Even these are exploited as milking cows, and we now simply want the cancellation of the public debts generated by the sick system that we no longer want.

Once again, this is true; this debt belongs only to the people who authorised it; you cannot be made liable to a debt incurred by a third party, without your written consent, and NO, voting in an election does not constitute consent to be made a debtor.

We do not want our taxes, our efforts, our resources to continue to feed this bottomless pit.

Oops, its not ‘your money’ once you have payed it to the state; this is a common error that people make; they believe that the state, “works for them”, and that, “its our money”. It is not. You have no claim whatsoever over that money once you pay it. Its gone, toast, spent.

If you want your money to be used for good purposes only, you have to stop paying it to the state. Period. And I and others predict that that is the next psychological breakthrough that these people are going to make, very soon!

We want to regain the power to coin money and free ourselves from the guidelines imposed on us by the European Union, which was built against the consent of the majority of people consulted by referendum, not to mention those whose country of origin have no organized popular consultation.

This is absolutely key to the entire problem; without the power to decide what money is best for you, you are nothing more than a slave to the European Central Bank, the Private Federal Reserve and all other central banks, who steal money via the inflation tax.

Everyone who understands money knows that the best money is gold and silver coins, held and used directly by the people who transact with money.

Gold and silver money cannot be inflated, controlled or used against you by a central bank, and of course, central banks themselves should be abolished, and would be if this Citizens Bank took off; there would be no need for central banks if every country had its own Citizens Bank, working in cooperation with other similar banks around the world, only for the benefit and convenience of the depositors.

This is why its crucial to:

• remove the power to make money from the state
• remove the power to regulate banking from the state

Without these two in place, it will be impossible to get to the place that the stopbankque organisers want.

(*) What the Islamic banks to successfully achieve by refusing usury for religious reasons, we can do for civic reasons.

Oops, ‘Islam was right’?! Don’t tell Geert Wilders!

To conclude
We draw your attention to the fact that even if we manage to relocate jobs, advanced technologies and machines have replaced human labour in a growing number of areas. They can produce more, faster, cheaper, and for these reasons, they create fear to those who wonder how they will earn their living tomorrow. This is unfortunate because since the invention of the wheel, technology is meant to improve the living conditions of mankind. If progress was meant to serve citizens rather than serve the market, we could make a quantum leap in technology development today paralyzed by special interest groups that are the primary beneficiaries of this system.

This is completely wrong; technology does not put people out of jobs, this is The Luddite Fallacy.

Progress serves citizens though their freedom to choose one service over another. Sadly, Europeans are still steeped in the sticky, hallucinogenic treacle of socialist thinking. They want the state to continue its tyranny unabated, only with them at the helm. Sorry guys NO $A£€!

We already have the knowledge to free humanity of its needs in fossil and nuclear fuels and to produce and deliver drinking water throughout the planet at a lower cost, to produce fruits and vegetables, from ice fields to the desert. Poverty only exists on our planet because of the lack of political will of industrialized countries, subject to market forces. Pollution and waste of resources are the sad consequences of this obsolete system which we must put an end to.

Sigh…You cant have it all it seems… Market forces are the only way to eradicate poverty. The state, and ‘political will’ will NEVER do it, and if they try, it will mean giving up the very rights that the stopbankque people are calling for.

As for pollution, we know about that don’t we?

We, the inheritors of chaos, we have a world to rebuild. A world where work is no longer seen as slavery, and lack of work as a tragedy because we have been able to rethink how mankind of tomorrow will ensure its survival, education, well-being and old age.

In order for work not to be slavery, you need to be able to keep the fruits of your labour, that you voluntarily contract for. If the state takes even a penny of it by force, you are reduced to the level of a slave. Everything they do with your money after that, is insult added to injury.

We invite all those who want to follow us on this path – including you, dear journalists – to overcome their fears of the unknown and to lay the foundation stone for the construction of the system that will replace the current one, which with or without us, will eventually collapse when it has taken everything from us. We prefer not to wait until it arrives, or even worse, if in order to save the economy a new war would be declared.

We thank the footballer Eric Cantona for having instilled the idea that we have taken literally. The die is cast. Time will tell whether we were right. (07/11/2010)

http://www.bankrun2010.com/

Don’t hold your breath for the journalists to come on board; they are in the pay of the newspapers that are owned by the same people or colleagues of the people who own the war machine; why do you think these evil scribblers are for war with Iran? They are for war because they are being told to write pro war pieces. They cannot be relied upon or trusted – thankfully we do not need them. We have the internet, we have myriad ways of spreading information that does not include their channels. These new channels are being put to good use, finally, now all that remains is to formulate a plan and then execute it.

This means:

1. setting up a bank that is outside the control of the state
2. buying gold en masse with all the worthless paper money that has been withdrawn from the system
3. depositing that gold in the new bank

The honest money that you require already exists; GOLD.
The forms of banking you require already exist 100% RESERVE BANKING

Like we told you, someone is already doing it.

First things first; DESTROY the system through peaceful disobedience, starting with the money!

This entry was posted on Sunday, November 21st, 2010 at 3:37 pm and is filed under Economics, Justice, Libertarianism, Money, Post Tipping Point, Someone Clever Said, Told You So, Yes yes yes!.