I'm not on TS, so I don't know if Trump is still calling for protests, or not.
If so, what's everyone thinking? Care to share ideas, make a list?
At one point there was a lot of chatter about hurting the banks by taking money out of banks. Did that idea materialize?
Taking your own money out of the bank is something that might help YOU (or not, depending on what you do with it) but it won't help "bring down the banks" or do anything else your bank is likely to even notice, unless you're a billionaire.
If EVERY American debanked themselves, that'd have an effect, but that ain't gonna happen until AFTER the Precipice -- if even then, IMO.
True... but on Friday it seemed like there were a lot of calls on social media for pulling out money. So I was asking if that gained momentum.
I don't think so either. Bank runs will fuck us all IMO when we arrive and they've shut withdrawals down or something like that.
I don't know about momentum . . . but WE pulled a few thou out of an account. We did the same a few months ago; we aren't going to debank but we have reduced what we keep in the banks.
I don't think you need nearly that large of participation to make an impact.
Because of the fractional reserve system, a bank only has to have a percentage of the money it says it has in all the accounts actually on hand, and can lend out the rest. This is called the reserve ratio. So really, you'd need whatever that reserve ratio is percent of people to withdraw their funds for a bank to be completely out of money.
Here's the fun part, different banks will have their own limits, but the Fed required percentage is 0%, 3%, or 10%, depending on the size of the bank (bigger needs higher percentage).
https://www.investopedia.com/terms/r/reserveratio.asp
I converted my money to shiny metal,when joe stole the office.
It did for me.
About 3 years ago.
Yes! Us too…2008 robbed us blind. Not falling for that again!
I’m planning to take a very large chunk of money out Monday / Tuesday and converting it to a silver / gold / crypto mix.
Partially as a protest, and partially because my confidence in our monetary system is genuinely falling by the day.
I still have a job (knock on wood) that requires an account with direct deposit, so I cannot clean out and close the bank account, but I can choose to participate in it differently.
Use memes. https://files.catbox.moe/eg5tc2.png
Just heard on sgtreport.com that with the monetary collapse coming, the good side is that "all debt will be gone", if we do not allow ourselves to be herded into the CBDC system. Any thoughts on that?
Yes do not touch the cbdc with a 10 foot pole. Wait for the QFS. Cbdc is a really corrupt copy of the QFS to control your every move and keep your money.
Probably a sting operation to bring out the feds to do the protesting.
I read to stat away from protests. Do our protesting online debunking BS from the demoncrats. Also if you are in an Rea where protests are do not mask. That way you can be identified by our side.