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Originally posted by CookieMonster09
Great post.Tell me why it wouldn't work.Don't give the fortune 500 cr4p.We still control 60% of the money.Add something or troll away.
Fortune 500 crap? You don't have a clue what you are talking about.
Listen, the average Joe Consumer keeps less than $1,000 in the bank. Even if you were able to convince 10,000 people to move their deposits, it would still be a drop in the bucket.
The only people that would find this "revolution" appealing are dead broke. You can talk to them until you are blue in the face, but they don't have a significant amount of money that would make transitioning to a smaller bank worthwhile. People who are rich are far less likely to make a switch to another bank
BTW MR. Thinks he knows everything don't know s4!t 10,000 people. would be in line at one bank in NYC.How much cash do you think the 500 compinies have in the bank ?Not much it is invested. Where did you get your degree in econimics k mart.You have no idea how the system works,Why does the goverment try to stop a run on banks if it doesn't matter.The well off will be in line too their money is only insured up to $150,000.Understand what you are posting about before you post.Mine was from U.C.L.A
Most consumers bank locally, and so location and convenience is a key choice factor where someone chooses to bank. It's also a major hassle to change banks, especially if you have long-term relationship with your existing bank, or a relationship of any substance.
A lot of people don't like community banks because they don't have many locations, and they are less financially stable. We have had a record number of bank failures in recent years, and the vast majority of the failures have been from community banks. In addition, the product set at a small community bank is generally not appealing. Worse yet, their online banking platforms are less secure, and not nearly as robust as the bigger banks - They simply cannot afford to keep their security technology current like the big banks.
Also, small banks are notorious for giving away free services because they cannot compete any other way. For all the complaints about big banks, at least they know how to turn a profit, and truly understand their cost structure. No bank -- let alone any business for that matter -- was ever successful in giving away freebies for any length of time. Banks simply have to charge fees and interest to stay in business.
Big companies - the Fortune 500 - all bank with the big banks. A single Fortune 500 company can carry tens of millions of dollars in deposits that even 1,000,0000 consumers couldn't match.
Furthermore, big companies need the resources of the big banks - They oftentimes have very complex international banking and treasury needs that simply cannot be met by a local credit union or community bank. These small community banks and credit unions don't have the manpower, knowledge, or product set to execute banking transactions on a cost-effective basis. They simply don't have the economies of scale that big banks do.
Example -- If you are a big bank, you might execute hundreds of thousands of international wire transfers in any given day. As a result of this huge volume, you can afford to discount your pricing on these wires. Small banks don't have these same volumes, and have to charge more as a result for the same service. As a result, the big companies migrate to bigger banks that can better accommodate their banking needs.
Lastly, big banks require - as part of their lending facilities - that big companies keep the lion's share of their deposits with the big bank that gave them the loan. This is actually written as a covenant in the loan agreement. So switching bank deposits then becomes a default scenario - Not gonna happen.
So, cry all you want about big banks. Nothing will change. Your imbecilic movement to get consumers to switch banks won't place a dent in the big banks. While you are attempting to convince the average Joe Consumer to move his $300 to a community bank, the big banks are courting large Fortune 500 companies with hundreds of millions of dollars in deposits to move their relationship over to their bank.
Good luck with your "plan" - It will never work.edit on 6-7-2012 by CookieMonster09 because: (no reason given)
!0,000 people would be in one line at one bank in NYC.There are 60 million plus that would make the run.Plus the well off their money is only insured to $100,000 while it last.How much do you think the 500 companies have in the bank.Your drop in the bucket would turn into trillions.Where did you get your degree k mart mine was from U.C.L.A..Why does the goverment try to head off every run on the banks?Because if it happens the little people would drag down the elite also.It would work.Within ten years the wealth would be re distributed.After some really hard timesBut I would suffer them for our kids..
T
Originally posted by CookieMonster09
!0,000 people would be in one line at one bank in NYC.There are 60 million plus that would make the run.Plus the well off their money is only insured to $100,000 while it last.How much do you think the 500 companies have in the bank.Your drop in the bucket would turn into trillions.Where did you get your degree k mart mine was from U.C.L.A..Why does the goverment try to head off every run on the banks?Because if it happens the little people would drag down the elite also.It would work.Within ten years the wealth would be re distributed.After some really hard timesBut I would suffer them for our kids..
Apparently, they don't teach English grammar and punctuation at UCLA, now do they?
Listen, read my entire post. The large Fortune 500 companies have cash on hand to operate their companies.
The last resort of someone losing a Argument spelling and gram,mmmmer They need cash to may payroll, to purchase equipment, and for general operating expenses. These funds are all held at the big banks, not in a Wall Street investment account.
It is true that big companies do have investment funds. Don't get me wrong. But they also have cash on hand for the day-to-day operations of their companies. These deposits are in the tens and hundreds of millions of dollars for each company. Consumer deposits don't even come close to commercial deposits.
You will never convince 60 million people to make a run on the big banks unless there is a total catastrophic breakdown in society. By that time, it will be too late anyways. Keep living in dreamland.
The best you can expect is an overnight devaluation of the dollar, and the emergence of a regional or world currency with a world banking system. Some of these big banks will be orchestrated to fail on purpose, for the goal of establishing a single, international currency system and a single international banking system.
So, your cries for the demolition of the current banking system is exactly playing into the hands of the elites. They want the average Joe to get angry and hostile, and to have the financial system overhauled to their liking. The public outcry will play right into the elite's hands. That means a world currency, and a single world bank. It's not that far away, and will probably be here in the next decade or sooner. You will continue to see more and more consolidation in the banking industry.
I am sure that the mmajor coruptiuons LOL will leave there LOL tens of millyawns LOL of dollars in there.toooo LOL be sure they get there LOL $100,000.Now you can live in your fantasy world.where everthang lol u say is korrect.Now you can correct grammer and spelling and be right for once.
Originally posted by CookieMonster09
I am sure that the mmajor coruptiuons LOL will leave there LOL tens of millyawns LOL of dollars in there.toooo LOL be sure they get there LOL $100,000.Now you can live in your fantasy world.where everthang lol u say is korrect.Now you can correct grammer and spelling and be right for once.
Laughable. You'll have your New World Order currency and New World International Bank in no time. I hope you enjoy being microchipped. Welcome the Amero. Enjoy.
No you will be the one standing in line for the chip.Not I,look for me on the hill you are just one of the sheep
A few million not enough.I saw one ppost that only 10% will rise.The choke points are not fortresses these are rear gaurd actions.The heavy afirepower will not do much good agaist Blue clay and shoot annd scoot tactics.You really have no Idea what you are talking about.10% is 30,000,000 million people.Look at the peolple in Syria they have done a pretty good job for 16 months.After 16 months in the U.S it will be over 50% we are all not sheep like you.We will put up with a little hardship.I was a menber of the U.S armed services our soldires will not allow our people to be slaughtered.Not to mentionthe National Guard,Theese men answer to the govener of their state not P.O.T.U.S.Sip your big gulp in yuour Mon's basement stand in line to be Tatooed (Nazi) or be (chiped) NWO.I myself will fight for my kids freedom.You sound like one of the Germans who were against the Nazi's but sat and did nothing untill it was to late.Or which bank do you work for?
Originally posted by CookieMonster09
No you will be the one standing in line for the chip.Not I,look for me on the hill you are just one of the sheep
Not likely. You will have an international currency in no time. In fact, the "people" will clamor for it when the electric grid is out for days at a time, food shipments to your local grocery store stop, and all chaos breaks out. What we see today is only the tip of the iceberg.
The chip will be sold to the public very persuasively. Those that have the chip will be able to buy and sell, and those that do not have the chip will be persecuted to the point of death. It's just a matter of time.
Those checkpoints you describe will no longer exist. The freeways and highways of this country are already under surveillance. Add a few million U.N. troops with heavy firepower, and you won't stand a chance.
As Kissinger allegedly stated - We will have a New World Order whether you like it or not. It's fast approaching, if not already here.
I was a menber of the U.S armed services our soldires will not allow our people to be slaughtered.Not to mentionthe National Guard,Theese men answer to the govener of their state not P.O.T.U.S.Sip your big gulp in yuour Mon's basement stand in line to be Tatooed (Nazi) or be (chiped) NWO.I myself will fight for my kids freedom.