While I support the folks who are protesting carbon taxes and other leftist assaults on their freedom, I think I would worry that they may be inadvertently setting up “mug a Yellow Vest day.” If I were them, I would probably ditch the actual vest that day and for certain stay away from any “no-go zones.”
Poor France.
The French are revolting.
When cash is eliminated this won’t be possible. You’ll never be in possession of your own money. You will be a serf. Even before that happens, they can turn off the ATMs.
The protestors need to read the small print on their accounts. Banks can decided what the cap is for an account withdrawal on any given day.
Banks only have a certain amount of money in their various teller drawers - and once it's gone then that's it.
The banks could limit the protestors to a maximum withdrawal of 100 Euros, or less.
A run starts when the non runners get scared that the runners are going to take all the money out of the banks. The only way to stop a run is by closing the banks. That just tells people they still can’t get their money. Or that the bank doesn’t have their money. People today don’t understand banking any better than the folks in Bedford Falls.
Time for Yellow Vests to come to California?
Sounds like fake news
There is not enough folks in yellow vests with money to make a dent in any first world banking system.
This is an important development.
Central Banks are at the root of wars and social ills. More than you can know. Banking reform is critically needed and the Mockingbird press will never write about it.
If you see a line coming out of the door at your bank.........get in it.
