Yellow Vests Plan a Bank Run. Will it Work?

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from April 5, 2012 
by Anthony Migchels
(henrymakow.com)

We are paying trillions per year in interest to the banksters for absolutely nothing.
 

All this is complete and utter rubbish, of course. If banks can create credit, then anybody can. That’s just common sense.

Just imagine: we are led to believe that we need to cough up trillions just to have a medium of exchange that is completely paper/computer based. I.e., almost free of cost.

[Central bankers create the medium of exchange, coupons called currency, in the form a debt to themselves backed by our government’s “credit.”  In other words, our “money” is credit extended by the Rothschilds. Banks are Rothschild franchises. Why do we trust our money to them? HM] 

Banking is part of the Babylon Mystery and bankers believe we are still enthralled with their ‘fractional reserve banking’ sleight of hand.

And they are right. Although people are waking up, they still don’t get it.

 A good example of this is the ‘take your money out of Bank of America’ of last October. Bank of America decides to rake in an extra $60 per year with a silly fee. This upset people.

While they are paying $300k interest over 30 years on their $200k mortgage. Which the bank created out of nothing the moment they borrowed it.

Meanwhile, 45% of our disposable income is lost to pay for capital included in the prices we pay for our daily needs.

In other words: Penny wise, pound foolish. People still don’t understand how they are fleeced through interest on the fictional debt.

FACING REALITY

Of course, it was good to see people finally showing some teeth.

Boycotting the banks is the blindingly obvious approach. If somebody is enslaving you with interest and fractional reserve banking while destroying the economy by not lending why would you patronize his business?

Propping up a system that only exists to enslave us is irresponsible.

But only a few are willing to accept this simple conclusion.

The fact of the matter is: many are still enthralled with the ‘magnificent edifice of international finance’, as Rothschild mouthpiece the Economist once called it.

It is unfortunate that there is still widespread misunderstanding about both money and our real problem with it.

People do not yet understand how pervasive the enslavement through interest really is.

That’s why they fall for the notion that Gold will solve our problems. But what does it matter whether we pay all this interest for Gold or for paper-based credit? The Money Power owns both and all the interest will end up in the same place.

The mind control of the rich, the social conditioning to accept the current order and its despicable ‘morality’, to defend it at the cost of oneself and one’s loved ones is very profound and pervasive in our beliefs. They are not easily uprooted, not even by the ‘Internet Reformation’.

In the meantime we are ignoring the real solution: interest-free money. Either debt free, in the form of Social Credit, which would work out like a ‘Citizens Dividend‘.
Or interest-free credit, through Mutual Credit.

These solutions are real and we can implement them today.

We would no longer pay interest on a mortgage, which would also mean much lower rent.

We would pay 45% less for what we need because there would be no capital cost included in prices.  World Government would be dead and Big Business would face the competition of well funded small business.

Washington and Brussels are owned by the Money Power in the City of London. But the main reason we are not doing this is the people don’t understand the problem and therefore the solution.

FIGHT BACK!

We don’t need to wait for reform on a national level. We can create our own currencies. High powered currencies, not just the simple barter units that are now starting to float everywhere in the world. We can create extremely effective, interest-free credit based units, convertible to dollar or euro providing us with a printing press with which we can buy back the world interest-free.

But these will take time to build up. Meanwhile, the obvious thing to do is pull our money out of the banks.

We should not have one dime in that system. Every dollar we put in the banking system gives them a dollar income per year. Remember that. The system, through fractional reserve banking, multiplies your dollar by ten and takes interest over each of them.

Real interest rates (including credit cards) are probably close to 10% and that means they make a dollar per year over every dollar you have in your account.

And you can maintain an account for monthly payments, just keep its balance at almost zero. Pay your bills and take out the rest.

Force the FED and ECB to print ever more for bailouts.

Pay cash only. Don’t support their cashless society. Liquidate all your paper assets, both to blow up the system and to minimize your own exposure to the implosion.

Let them squirm and lie ever more transparently with every new bailout that they need to force upon us. Let them show their hand. We’re not going to ‘repay’ odious debt.

We’re not afraid. We don’t need them.

Let them eat cake.

Related: Makow- What is Money? 1 and What is Money-2
The Swiss WIR, or: How to Defeat the Money Power
Mutual Credit, the Astonishingly Simple Truth about Money Creation
Understand that the Banking System is One

This article on Anthony’s website

Makow comment:  If the government represented us, it would take over the national bank and spend the money into existence or loan it interest-free.

First Comment from Ken Adachi

This is a good article from Anthony. I’ve been saying the same thing on my own web site for 20 years. I closed my bank account in 1997 and I haven’t regretted it for a second. People unthinkingly assume that they need banks. You don’t NEED banks. They need YOU. 

Taking most (or all) of your money out of a bank is a logical way to stop banks from lording it over the public. If a large percentages of the public took 99% of their cash out of banks and either kept it themselves in a SAFE location or invested it in tangible assets, you would quickly see a few things happen immediately: Banks would start offering REAL competing interest rates on savings accounts and simultaneously drop the monthly Ripoff fees for checking accounts (without maintaining a continuous balance of over $1500 per month or whatever the deal is).     

As Michael mentioned, the problem the JWO has in controlling and enslaving 7 Billion people is that there are so FEW of them, and so MANY of us. They NEED your cooperation to enslave you. Same goes for Google’s censorship and blacklisting tyranny. I NEVER use Google to search or use Google Chrome for that matter. I don’t want to help them to MONITOR and censor me. 

Answer?  STOP using them in large enough numbers – switch to using DuckDuckGo.com on a  24/7 basis – and they will start back peddling on censorship in a heartbeat!  The ONLY solution is to DRIVE them out of business, not just punish them. 

The same applies to every billionaire JWO internet “convenience” outfit that tries to put onerous rules or conditions in place to coerce you to forfeit your privacy or play ball with the JWO takeover and enslavement agenda. STOP using them and find a competitor or CREATE a competitor, like the guy who started GAB!    

Source Article from https://www.henrymakow.com/take_your_money_out_of_the_ban.html

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