Yellow vest protesters call for huge run on French banks




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ORIGINAL POST

Posted by Ed 10 days ago
Yellow vest activists are urging French citizens to empty their bank accounts and spark a bank run to get the French government to listen to their demands

https://abcnews.go.com/beta-story-container/International/wireStory/yellow-vest-protesters-call-huge-run-french-banks-60256694

COMMENTS

Ed 10 days ago
Interesting tactic...

... and what if the masses decided to add fuel to the fire and have a 'no shopping week' only buying absolute necessities like food... and just extending that indefinitely until they get what they want?

Of course getting what they want - lower taxes --- creates a problem -- because lower taxes means running a higher debt -- and the ECB won't allow that .. because they Italy and everyone else will demand the same...

And their citizens will see how the French got their way... and they would mimic them...

Then there are other countries where the masses would take a look at France and say ... hang on ... we want lower taxes too!!! Let's pull our cash out of the banks and not spend it...

And how would this end... next month they'd be insisting on even lower tax rates... and on and on and on...

Moral Hazard on an epic scale ....

Blackmail on an epic scale ... is possible


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