Quote from grizzlybear:
Run on the banks planned for 04/17/2009
On April 17th - beginning at midnight EST - supporters of the Campaign for Liberty and of the campaign to END THE FED will join together to trigger a first in a series of âbank runsâ in hopes of overwhelming the Federal Reserveâs ability to continue itâs propping up of our nationâs bankrupt financial system.
The goal of this project is to highlight the need to pass Congressman Ron Paulâs recently reintroduced House Resolution 833 - a bill to abolish the Federal Reserve.
We wish to emphasize the need for sound money - backed by gold and or silver.
All supporters should remove all cash except $17.76 from any bank and withdraw maximum allowable funds from any money market accounts on that day.
We seek an âelectronic run on the banksâ in addition to traditional âbank runs.â Over time, we hope to build these events in order to topple the effectiveness of the Federal reserve
http://libertyormayhem.com/
Quote from Ivanovich:
What a fucking stupid idea. Cause a crash to the financial system based on this dumbass idea (assuming it worked, which is a fat chance). And if I have, say, several hundred thousand dollars, where am I supposed to put it during your little tantrum revolt?
I'm gonna start my own "rob all the houses of the people who are withdrawing on 4/17" party.
Quote from jficquette:
Robbing houses? Sad that you don't see how fucked up that is.
Quote from grizzlybear:
All that needs to be done is open up multiple accounts with a POD listed or multiple joint account. Many have done the Payable Upon Death joint accounts. Using this option the original owner of the account still controls the funds but upon his or her death the funds go to the POD named as a joint holder. Some use their parents, wife/husband, children etc. This works very well unless you would have over a few million to worry about but anything under 1 million makes this option very feasible. It is also of interest that the 250K which is insured by the FDIC is for "non interest bearing" accounts only. I dont think too many people realize this lil tidbit. If you have an interest bearing account if falls under the original 100K IMO according to my interpretation of the new FDIC reg until Dec09
Quote from Ivanovich:
Well done on the grasping of sarcasm.
Bravo.
My point, oh ye of little reading comprehension, is that if I have a lot of money in the bank and just take it out to put it in my mattress (assuming I could even get that much cash out of my bank) just for some silly political rally, I would take on MUCH more risk than leaving it in the bank.
Quote from jficquette:
You missed my point. Why was "robbing houses" even though of as an example? Because your're fucked up that's why.
Quote from jficquette:
If you had gotten my point you never would have responded like a child.
Quote from vhehn:
i dont like it but much of it is to clean up the mess bush and the republicans got us into. sometimes a doctor has to use radical measures to save the drunken driver after he crashed his car into a wall. time will tell.
Quote from jficquette:
LOL, Rush is right 99% of the time.