“Financial Nuclear Warheads”: The Yellow Vests Get It Right

• For argument sake, let’s say 200,000 yellow vest protesters decide to withdraw $10,000 each out of their bank accounts. It amounts to $2Billion. This is not enough to collapse the banking system. The only way is to cause a real panic and cause millions of sheeple to do a bank run. Since, the Yellow Vests do not control the MSM, it is very difficult for them to ignite a massive bank run. If one actually occurs, I will be highly suspicious ie. it is enabled by Illuminist forces, intelligence agencies… possibly to introduce the CASHLESS system, totally electronic system where no one can withdraw their monies from the banking system.
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• “Financial Nuclear Warheads”: The Yellow Vests Get It Right
  by Robert Gore via Straight Line Logic blog, https://www.zerohedge.com/
  The mainstream media has degenerated irreparably. Here’s a reliable rule of thumb: if it’s important it’s not covered; if it’s covered it’s not important. Stories in the American mainstream press about Yellow Vest protests have been few. One aspect of the protests, transcendently important, has received scant coverage.
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  The Yellow Vest protestors have called for a coordinated run on French banks. Whether they realize it or not, they’re playing with nuclear warheads that could annihilate not just the French, but Europe’s and the entire world’s financial system. Because inextricably linked to the ends of contemporary governments―how much they can screw up the lives of those who must live under them—is the question of means―how do they fund their misrule? The short answer is taxes and debt.
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  Since 1971, when President Nixon 
“temporarily” suspended international convertibility of dollars for gold (it’s never been reinstated), the monetary basis of the global economy has been fiat debt. Neither government or central bank debt nor currencies are tethered to any real constraint, like precious metals (see “Real Money,” SLL). Thus, politicians and monetary officials can create as much debt as they want: debt by fiat.
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  Government and central bank debt is at the apex of the global debt pyramid. The next tier is commercial banks that have accounts at central banks. Those accounts are bank assets and central bank liabilities, or debts. Central banks expand their fiat liabilities to banks in exchange for banks’ fiat government debt, an exchange called debt monetization, which is a bit of a misnomer since no “Real Money” is involved. The “monetization” is the central bank’s fiat expansion of banks’ accounts with the central bank in exchange for fiat government debt, which expands banks’ assets available for loans to governments, businesses, and individuals.
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  read more.

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