Yellow jacket freedom fighters spreading to London

Malthusian

kabayiri wrote: »

If several thousand well dressed people turned up at one of our major supermarkets

Then they would be required to leave. Fire safety regulations.

If they didn't the police would remove them.

Why would well dressed people waste their time doing that anyway?

AG47

Moe_The_Bartender wrote: »

I'm not trying to bring anything down. But you can't make a run on investment banks. They are a completely different animal.

The yellow vest protests are really spreading around the world

Civil unrest is really taking root.

Zimbabwe and the Sudan civil unrest is all about the banksters and the temporary new international monetary system that the world went onto in 1971.

AG47

Venezuela civil unrest is all about the banksters,

All this civil unrest lol boils down to the same thing.

We should all be wearing yellow vest and keep on doing bank runs u TIL the banks collapse

chucknorris

AG47 wrote: »

Venezuela civil unrest is all about the banksters,

All this civil unrest lol boils down to the same thing.

We should all be wearing yellow vest and keep on doing bank runs u TIL the banks collapse

Would you be Ok with one of the UK protesters setting your car on fire?

sevenhills

AG47 wrote: »

The freedom fighters are fighting for free markets and you can’t have free markets with the current manipulated temporary new international monetary system that the world went onto in 1971

https://en.wikipedia.org/wiki/Bretton_Woods_system


The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states.


I find it interesting that they even think something set up in 1971 can be abolished.

John_G_Jones

AG47 wrote: »

A run on the banks is a run on the banks

Retail banks or investment banks it doesn’t matter

It’s the currency the attack is on.

The freedom fighters are fighting for free markets and you can’t have free markets with the current manipulated temporary new international monetary system that the world went onto in 1971

No, à run on a bankmis not an attack on a currency.

Indulge me though, please, how exactly would someone cause a run on an investment bank? What would you actually do?

And when do these supposed runs start? What are the pound shop radicals waiting for?

HappyHarry

Silly question, but how does it help anyone if the banks collapse?

antrobus

sevenhills wrote: »

....

I find it interesting that they even think something set up in 1971 can be abolished.

No, Breton Woods as it is known, was set up in 1958 and died in 1973. It survived for 25 years. What it basically did was this;

In order to convert currencies, countries settled their international balances in dollars, while U.S. dollars were fully convertible to gold. The exchange rate applied at the time was $35/ounce. Keeping the price of gold fixed and adjusting the supply of dollars was the responsibility of the United States.
https://www.investopedia.com/terms/b/brettonwoodsagreement.asp

It's replacement basically lets the market decide on what exchange rates should be as well as the price of gold. It has survived (so far) for 45 years.

antrobus

John_G_Jones wrote: »

No, à run on a bankmis not an attack on a currency.

Indulge me though, please, how exactly would someone cause a run on an investment bank? What would you actually do?

And when do these supposed runs start? What are the pound shop radicals waiting for?

Oh come on! You know full well that the poster in question has no idea what an investment bank does. Or a retail bank for that matter. Or anything at all even vaguely financial.:)

zagubov

A long time ago I was in Liverpool and I stumbled across this book in a second hand bookstore. Written during the Great Depression, it proposed that the government should print banknotes equivalent to all money in the economy and require banks to store them in vaults.

The public would be made aware that the money would be released to depositors to prevent a panic turning into a run on the banks. The last page of the book was a detachable card you could sign and post to the king as a petition.

Actually I wish I still had this book if it's now worth £40+ :eek: