Category Archives: the plutocracy

A French bank run would be a very bad idea…unless you’re a globalist

I hear tell that there’s a possible “bank run” in the works in France. The Yellow Vests are apparently considering it as a way to cause problems for the elite, a way to get them to accede to some Yellow Vest demands.

I don’t think it’ll work. In fact, I think such a move could actually play into globalist hands in a big way, particularly when you consider moves in recent years towards a “cashless society.”

Most transactions are now electronic, which means that, from the perspective of the banking system, they are not withdrawals at all, but simply transfers from one account to another. You can buy as much food as you want, or gas, whatever, and the system doesn’t lose any funds at all. All that happens is the number in one account (yours) gets smaller and the numbers in the merchant accounts get bigger.  As long as everything balances out, the system continues to work.

Cash seems different because the banksters can’t control who possesses the banknotes or where they are spent, nor can they even keep track of these things. So, from that perspective, cash appears to be “out” of the system. This is an illusion, however, as we’ll see in a moment.

The traditional scenario of a bank run is when people withdraw too many banknotes all at once, causing the banks to run out, thereby eroding trust in the system to such a degree that people attempt to withdraw their money even more quickly. A snowball effect ensues which can risk collapsing the entire system. The Yellow Vests are proposing that they create this situation artificially.

Assuming, however, that the immediate response to the threat of a bank run isn’t to simply slap a weekly limit of 100 euros on withdrawals, another possible response on the part of the banksters could go this way:

First, simply wait for it to happen. Wait for most or all of the cash to be withdrawn. Then, call up lapdog Macron to declare a state of emergency. Once declared, his first action would be to wipe out the value of all the banknotes by prohibiting all banks from accepting cash deposits. (The banks could certainly take that action on their own initiative, but it would be better for them to have Macron be the scapegoat.) Once this is done, anyone with large amounts of cash is stuck holding piles of now worthless paper.  Meanwhile, people who hadn’t withdrawn lots of cash would still have their accounts full, would still be able to buy groceries, fuel, and so on, but anyone with cash instead of money in the bank would be screwed. The banksters/globalists could leave things that way indefinitely and, not only would they have the cashless society they wanted, but any blame for it would rest on the Yellow Vests for making it “necessary.” Checkmate.

Nowadays, cash is only worth something because the banks say it is.