[HeadBanger]

YouTube - EMERGENCY BANK HOLIDAY - JUNE 5TH



This June 5th | It is time to withdraw

[brackis1]

Instead of creating more anarchy, vote for the politicians who won't pander to corporate interest.

[Flexwave2003]

Im not so sure Ron Paul is backing this idea.

[fedordoublefist]

I'm not even remotley educated on the economy in the US, anyone have an idea of what this could actually do if people were to go ahead with the plan?

[HeadBanger]

Originally Posted by Flexwave2003

Im not so sure Ron Paul is backing this idea.

Good call. But it is him on the video.

[FIMN]

hahahaha

[DrSatanDracula]

How is this relevant or useful?

[SuperGNP]

i would withdrawal if i had any. i already converted all my cash into gold about a year ago. it added up to about 10grams.

[ISWThunder]

That isn't what a bank holiday is. A Bank Holiday refers to a decision by FDR to close all banks for 4 days during The Great Depression. The government used inspectors to determine which banks were financially stable enough to re-open.

This seems like a terrible idea. One reason that the Great Depression hit so hard was because people began taking money out of the banking system (which was not federally insured at the time). This caused banks to be short on money, making them unable to fulfill the needs of their customers and their investments

[redjako]

Originally Posted by fedordoublefist

I'm not even remotley educated on the economy in the US, anyone have an idea of what this could actually do if people were to go ahead with the plan?

Well the idea of going back to a currency Standard (gold, silver or something) is impossible. A fiat system of currency is necessary to finance...everything. We are (and any developed country) a debt-financed government, and would not have been able to grow / provide jack shit without debt financing.

The actual "pull out" of funds? Who knows, the FED guarantee's up to 100k anyway..