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Gilets Jaunes: Take your Money out of the Bank NOW!

by on January 11, 2019

In an interesting development, the Yellow Vests of France are calling for a run on the Bank: January 12th, they are planning to pick up their savings.

I’m reposting this 2012 article, because it seems relevant, Henry also posted at his site, and as a bonus, here’s a long chat I did with my old friend Wayne Walton. We talk about the Gilets Jaunes Bankrun, and just about everything concerning the monetary, the stuff you won’t even hear in the Alternative Media:
– Bankrun
– ‘Time value of Money’
– Usury as the core issue with our money
– Christ in the Truth Movement
– Gold and Bitcoin, the Liberty Movement, their defense of Austerity and Deflation
– Intricacies of interest-free currency design
– De Florijn
– The true nature of Capitalism


 

The Credit Crunch is not some natural phenomenon but an all out assault by the Money Power. What is worse: even without the crunch we are paying trillions per year in interest for absolutely nothing.
The solution is simple: quit their banks.

By Anthony Migchels for Henry Makow and Real Currencies

The Money Power’s goals are obvious. It is not just the massive multi trillion wealth transfer that is under way. It is about bringing the West down a few notches. The US seems strong with a nominal $30.000 per capita GDP, but when the dollar devalues against the Brazilian Real and the Chinese Yuan things will quickly look different. It will also end cheap raw materials.

The reason this crisis exists is because the banks, politicians, the media and economists are colluding in fooling the many into believing we need banks for our money supply. Most of them probably even believe this is true themselves.

They say we need the banks, because otherwise the real economy would have no money to trade with.

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 means of exchange. One that is completely paper/computer based. I.e., almost free of cost.

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 dollars per year with a silly fee. This upsets people.

While they are paying $300k interest over 30 years on their $200k mortgage. Which the bank created the moment they borrowed it.

Meanwhile, 45% of our disposable income is lost to cost 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 badly they are being raped. They still don’t understand how they are fleeced through interest on fictional debt.

Coming to terms
Of course, it was a great step and absolutely fantastic to see people finally showing a little teeth. But it shows how hesitantly people are coming to grips with the reality of banking.

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?

To say this is irresponsible as it will worsen the crunch is ridiculous: propping up a system that only exists to enslave us is irresponsible, not disconnecting from it.

But only few even within the Free Media 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 mean time 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.

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

The reason we are not doing this is not only because Washington and Brussels are owned by the Money Power in the City of London.

The main reason is we don’t see the problem and therefore we miss out on 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. In effect providing us with a printing press with which we can back the world interest free.

But these will take time to build up. Meanwhile, isn’t it the obvious thing to pull our money out of the banks?

How is it possible that this is being resisted by many well meaning people in the Alternative Media? Is there really anybody out there who still believes the banks will mend their ways? That they somehow will stop being the psychopathic enslavers that they are?

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 (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.

Remember that 40 years ago nobody had a bank account. Before then there were no computers and the banks couldn’t have handled the administration.
You don’t need a bank to keep your money. The whole idea is insane! Nowhere is your money more prone to abuse and risk than in a bank.

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:
The Swiss WIR, or: How to Defeat the Money Pow
Mutual Credit, the Astonishingly Simple Truth about Money Creation
Understand that the Banking System is One
On Interest

Budget of an Interest Slave

This is an abridged version of Financial Warfare 2012: Boycott All Banks

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15 Comments
  1. Excellent article and many are now aware of the reality of the financial matrix in which we are all entangled but the only way out is a ” peoples bank lets call it ” The Simple Bank” where we all deposit our cash and receive a paper receipt and we get that stamped each week by the bank to clarify how much we have left . The cash deposited could be used by the bank to purchase land on which homes or mobile housing pods could be put but the cost of purchasing or renting these homes would be a fraction of the cost today without extortionate interest ..anyway maybe I’m being too ” simple” but the move to a cashless society will be disastrous for maintaining our privacy and freedom.

  2. Someone on FB sent me an article from USNEWS.COM that said: “French Protesters want to Set off Bank Run With Withdrawals; Yellow vest activists urge French citizens to empty bank accounts, spark bank….”

    I say that withdrawing money from the banks will throw the French middle class into instant severe deflationary depression — fatally depriving themselves of purchasing power — as deposits would contract and buying and wage payments would collapse.

    The Big Rothschild banks hold larger reserves than the smaller banks. The Gilets Jaunes would be instrumental in increasing the concentration of Rothschild banking power as the smaller banks would fold first. I think Rothschild has agents infiltrating the Gilet Jaunes planting this very bad idea of withdrawing money from their banks.

    A MUCH BETTER IDEA WOULD BE TO HALT ALL MORTGAGE PAYMENTS AND RENT PAYMENTS UNTIL MACRON IS GONE AND A BANKING RULES ARE CHANGED. MACRON CANNOT BOTH SWEEP THE STREETS OF PROTESTERS AND SERVE MILLIONS OF EVICTION NOTICES AND ENFORCE THEM AT THE SAME TIME. THE GILET JAUNES COULD THEN PUT THEMSLEVES IN THE WAY OF FORECLOSURES AND MAKE IT THEIR BUSINESS TO TEAR DOWN ALL EVICTION NOTICES ETC.

    They need to know what they are doing or they will hurt themselves more than Macron. France has less than 400 different banks, unlike Germany which has both very large banks and many small banks. Big banks tend to finance big corporations and smaller banks finance smaller banks — which is why Germany Industry is so innovative and productive with small business. France is on the Euro system, presumably there are banks of other European nations where Yellow Vests can transfer their deposits rather than hold Euro notes. The 95-branch Banque de France, owned by private Rothschild interests and the French state, is, since 1998, France’s central bank, part of the network of the European System of Central Banks of all of the central banks of the European Union. The bank auctions and buys public securities (open market operations). France, like other EU countries and like the US, borrows its entire money supply. Most transactions are by deposit transfer with debit card or check. The banks are allowed to lend dependent on holding deposits more than a certain fraction of their loans outstanding. If they have deposits in excess of this reserve requirement they can lend until the excess reserves gone and no more can be taken without violating the reserve requirements. THIS MEANS THAT BANK WITHDRAWALS, AFTER THEY REMOVE EXCESS BANK RESERVES, WILL CUT INTO LENDING — FEWER LOANS BEING MADE AND SOME LOANS BEING CALLED IN SOONER THAN AGREED TO IN THE LOAN CONTRACTS. THIS MEANS DEFLATION — LESS MONEY IN FRENCH HANDS FOR BUYING WHAT FRENCH PEOPLE ARE SELLING, LESS MONEY FOR HIRING, FOR PAYING MORTGAGES, FOR RENT, FOR TAXES. Whenever someone in the US proposes pulling all money out of the banking system — I have always given this warning. You would be “cutting off your nose to spite your face;” INSTEAD I HAVE RECOMMENDED THAT BANK WITHDRAWALS BE SELECTIVE — INSTEAD OF WITHDRAWING, SIMPLY TRANSFER YOUR ACCOUNT TO A SMALL BANKS THAT LEND TO SMALL BUSINESSES. ! ! ! ! ! ! FURTHERMORE ! ! ! ! ! ! ! ! I BELIEVE THAT THIS “PROTEST WEAPON” THIS “ANTI-MACRON MEASURE” WAS ORIGINATED BY ENEMIES OF THE YELLOW VESTS TO QUICKLY HARM THE YELLOW VESTS THEMSELVES BY CRASHING THE DOMESTIC REAL ECONOMY. The Yellow Vests (Gilet Jaunes) have no organized leadership, so when an idea like this suddenly emerges, it must be the result of an organized minority seeking to control the mass — and they do so with the logic — the elite own the banks so let us shut down the banks. SUPPOSE THE FRENCH HOD THE ACTUAL BLOOD IN THEIR VEINS FROM BLOOD BANKS OWNED BY ROTHSCHILD, WITH ROTHSCHILD COLLECTING A PERCENTAGE OF EACH LITER PROVIDED — PAYING FOR THE BLOOD IS LIKE PRINCIPAL — PAYING ROTHSCHILD FOR THE SERVICE IS LIKE PRINCIPAL. How much sense does it make to protest this system by boycotting the only source of blood? Who is hurt first and most? If it was the United States I would recommend protestors to withdraw money from the big Rothschild/Rockefeller banks like Morgan Chase, Bancorp — paying attention to what smaller banks the big holding companies hold. I would go after one bank combination at a time — transferring money to smaller, local banks. Target the banks that swallowed up the most small banks in the great contrived default crisis of 2008-2019. THE YELLOW VESTS DON’T HAVE A LEADER WHO KNOWS ENOUGH FOR THIS AND ALTHOUGH THEY DOUBTLESS DO HAVE PEOPLE WHO UNDERSTAND EVERYTHING I AM SAYING, THESE PEOPLE HAVE NO AWAY OF BEING HEARD BY ALL YELLOW VESTS AND ONLY THE INFILTRATED AGENTS OUT TO ECONOMICALLY SABOTAGE THE YELLOW VESTS AND ALL OF MIDDLE CLASS FRANCE HAVE ENOUGH PAID AGENTS TO PUT IDEAS ACROSS AND THAT IS WHAT THEY MAY BE DOING — I DON’T HAVE ALL THE FACTS — MAKING THE GILET JAUNES TO BLEED THEMSELVES OF THE MONEY THEY NEED TO LIVE SO THEY WILL BE TOO WEAK TO PERSIST IN THEIR CAUSE OF RIDDING THEMSELVES OF ROTHSCHILD’S MONSTROUS LITTLE AGENT. WITHDRAW FUNDS FROM ALL BANKS AND YOU END PAYCHECKS. It would have been wiser if the French simply boycotted all rents and mortgage payments — keeping deposits in their own accounts. THE FRENCH BANKS ARE NOT GOING TO CONVERT THEIR DEPOSITS INTO PAPER CURRENCY TO PLEASE THE YELLOW VESTS. But they need people they can trust to analyze such a move — and they don’t have such people. Perhaps the internet could conduct the discussion of what will hurt Macron and neo-liberal globalism more than it will hurt the people. But to take the idea of “withdrawing all money from the banks” because someone says that that’s what the Gilet Jaunes “have decided” is almost certainly not going to end well for the protesters. They need purchasing power more than Macron. You are not going to hurt Rothschild’s bottom line so that he will relent and allow.

    And a question for Anthony and his friends — If the world is flat how come when it is noon in the Netherlands and the sun is high in the sky, it is the middle of the night in New Zealand?

    Dick Eastman
    Yakima, Washington

    • Excellent comments from Mr Eastman and it all seems to make sense ….particularly in light of the fact that the ” gilet jaunes” have no
      structured leadership apparently.

    • I had behavioral problems when i was a kid so my parents put me in a class that didn’t teach the same as normal classes do. I’m saying this to make the point that I didn’t have a proper education. When i looked into flat Earth i felt like the Earth was probably flat, BUT i almost always look at issues from more than one side. At this time I had only looked at the pro flat Earth videos, but still had the anti flat Earth videos to look at. If you remember I stuck up for the flat Earth on one of your facebook posts and you got angry and blocked me and Anthony. At this point I really thought the Earth might be flat. One day I thought to myself that flat Earthers are always saying that things fall or rise because of density and buoyancy so things that are heavier than the medium they’re in will fall. I thought that if this is true heavier objects will ALWAYS fall faster than the the lighter objects. I found these videos: https://www.youtube.com/playlist?list=PLHFYS4_gT63BNT5qtlEpgNwVLisId-Qeh (the first two) and thought to myself that the only explanation is gravity. At this point I thought this would be a good time to look at anti flat Earth videos and I ended up watching all of these: https://www.youtube.com/playlist?list=PLHFYS4_gT63Dv8yKWsZs6LRx-zIdWIRpc. Now, I am a globe Earther and feel like the Earth definitely isn’t flat and i think this whole flat Earth movement is a psyop. If i would have had a proper education i probably wouldn’t have fell for the flat Earth movement after watching the pro flat Earth videos. Don’t get me wrong, I still think there is a lot of corruption in science. I even have an alternative science playlist on youtube.

      • Hi Dick,

        Technically I do sympathize with your take. An interest-strike is even more to the point, because the issue is Usury, not lending itself.

        However, I don’t really think there is a real relation between depositors and lending. Banks nowadays just produce whatever money they want for lending, and only after the fact pick up funding on the markets.

        To save the economy from deflationary effects, the CB can always do whatever it takes.

        And meanwhile: having money in the Bank means: you are FOR the New World Order. This is a fact. You cannot say you’re against the NWO if you have money in the Bank.

      • I’m not really happy with your Globe Earth playlist, Dgaubatz313. It deals with a lot of side issues. Some correct, some (like the Solar Parallax vid) incorrect.

        This is the problem of the FET: half of it simply does not add up.

        But the key issue remains: all amateur footage from up high show a flat Earth, and no curvature whatsoever. And this, it seems, is incredibly hard to get around.

        • I have a question Anthony: If you were to gain control of a country would you cancel all debt? I would. Some people say they would just cancel the interest portion, but I have a problem with this because even the principle portion is full of usury because usury is in the prices of many things. Cancelling all debt would be better in my opinion.

  3. wouldn’t it be better to hold gold as the rotten schild / rottenfelder criminal syndicates destroy the paper currencies they control and issue ?

    • As I point out in the interview, I’m not against people buying some coin as a hedge against the destruction of the Dollar. As long as it is not the foundation of the monetary system.

  4. bankster…..

  5. yellow vest the ‘fed’..yellow vest the ecb.. rottenfeller / rot schild banister controlled criminal cartels indebting and enslaving all of us

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  1. Gilets Jaunes: Take your Money out of the Bank NOW! – Abel Danger

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