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Banks lend 10x what they hold in reserves but they also lie and manipulate so its more likely they can lend 100x what they hold In reserves. You wanna crush the bankers then let’s organize to pull our money and their collateral.

Banks lend 10x what they hold in reserves but they also lie and manipulate so its more likely they can lend 100x what they hold In reserves. You wanna crush the bankers then let’s organize to pull our money and their collateral.

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[–] 1 pt

Hey that’s worth looking into,one of the only upsides to soc med is the ability to organize. I don’t personally believe the gme thing was entirely organic but it shows the idea pretty good in terms of strength in numbers. I’m not entirely sure what a bank run would cause but I think it’s a good way to kinda say fuck you to the banks. And probably most people only have a couple hundred or a few G’s in there anyway.

[–] 0 pt

don't have to close the account, just take out the cash you need for the next months spending money or for a saving stash or to move to another bank after the 1st of the month. they can't track what you do w/ cash, and your withdrawal reduces the amount available for them to lend out the next month

[–] 1 pt

Sounds good, As I’m here thinking about this,when I was younger I’d just cash a check and take out the money.its really only since bank cards that people don’t carry a bit of cash. Anyway when I had the cash I’d put it into piles for whatever bills debts and shit. And oddly enough it started to grow. I think with a bank machine I spend easy more than I would otherwise. Now bank fees come up, I think the premise of a bank acct was getting interest on your money which is basically fuck all if any,unless you’re in a long term savings.but I definitely pay a lot of bank fees. On thing I did do was switch from a big bank to a local credit union.