« | Home | »

Empty The Banks Day

Tags: |

Damn, I’m enraptured, yes, enraptured, at Eric Cantona’s suggestion that everyone take their money out of the banks. A wonderful, and possibly even serious (it’s hard to tell from the English translation of the Belgian French) website, Bankrun 2010, set up by a screenwriter and an actor, has now set aside 7 December as International Take Your Money Home With You Day:

We, the people have finally been awakened by poverty and despair afflicting the most vulnerable among us – pensioners, welfare recipients or working poor – and is now threatening what remains of the middle class & entrepreneurs. Even these are exploited as milking cows, and we now simply want the cancellation of the public debts generated by the sick system that we no longer want. We do not want our taxes, our efforts, our resources to continue to feed this bottomless pit. We want to regain the power to coin money and free ourselves from the guidelines imposed on us by the European Union, which was built against the consent of the majority of people consulted by referendum, not to mention those whose country of origin have no organized popular consultation.

Yes, it is so, who wouldn’t want and not want all that? Especially I want to regain the power to coin money.

Ok, so the result of a mass withdrawal of funds from the banks might a) cause civilisation to collapse and bring on Armageddon; b) result in governments giving even more billions of billions to the banks to prevent them from failing for fear of a) occurring and then telling us, the milking cows, that we’ve got an even more terrible debt problem than we had on 6 December;  c) cause no end of hilarity (and perhaps, on the bright side, apoplexy) in the investment bankers who couldn’t give a toss what we do with our paltry savings; d) make playing Monopoly much more fun with all the Bank of England notes we’ll have lying around; and e) put house breakers and locksmiths up into the supertax bracket.

But wouldn’t it be fun?

Comments on “Empty The Banks Day”

  1. outofdate says:

    Speaking as someone whose balance of account is 84 p, in short: no.

  2. daveboy says:

    Well, yes, it might be an amusing little ruse, but it would also send a symbolic message to the composite banks that there is dissatisfaction with their activities. So, we might have a template of a letter which explains why we are changing our accounts which would be communicated (with personalization) to the bank. Barclays would then understand that its customers were not happy about the previous activities of its subsidiary in Zimbabwe, the appointment of its new CEO, or BarCap’s exploits. The money might be piddling, but the symbolic message would be voiced. It could be co-ordinated by 38Degrees or by the unions (which, I hope, bank with the Co-op).
    Nor is there a need to leave the money vulnerable to the criminal sorority or fraternity. You could place it in an ethical bank (such as, but not exclusively, the Co-op). Actually, that’s what I did a few years (moved to the Co-op Bank) when the amorality of the commercial banks became evident.

  3. Sniffer8 says:

    Ooh, aah, meejah tart…

  4. Joe Morison says:

    The trouble is that the money isn’t in the banks, it’s a fiction that exists only as long as we believe in it. Call it’s bluff and it will disappear, the rich would lose the most but we’d all be fucked.

    • Geoff Roberts says:

      You’ve got it, Joe. There is no money in the banks, apart from a few notes they keep to push at us out of the slot. The notes come from the cashiers at Tesco who have to drop it in every night, so withdrawing money just won’t work.

  5. V07768198309 says:

    Le Run on The Bank.

    To make us more effective I will particularly focus my efforts on the French bank which is the most fragile in defence due to its position in the derivatives markets, Société Générale.

    I don’t care what you think as long as you keep talking of the soft lead!

    I am not a man, I’m Cantona.

  6. V07768198309 says:


    Attention! BankRun 2010:

    BankRun 2010 is a mass cash withdrawals from the banks. It is initiated by retired football player Eric Cantona, organised on the Internet by a network of Facebook events and has attracted an unduly high attention from the media.

    I thought as many others that the movement initiated by Eric Cantona was spontaneous and naive and thought that I could hang myself to it in order to establish La Nouvelle Économie After a Skype discussion with Géraldine Feuillien I came to the conclusion that it was a movement whose brain manipulator is still unknown but whose purpose is to establish an economic system probably fascist that will emerge by terror rather than a movement that will foster the economic interests of each of us.

    Underestimating, on the short and medium run, the magnitude of this movement, its infamous character and the power of its sponsors would be suicidal.

    The page of our community contains precious instructions concerning measures to be taken before December 7 to preserve your life savings.

    La Nouvelle Économie.



Comment on this post

Log in or register to post a comment.

  • Recent Posts

    RSS – posts

  • Contributors

  • Recent Comments

    • name on Who is the enemy?: Simply stating it is correct doesn't make it so, I just wish you would apply the same epistemic vigilance to "Muslim crimes" as you do to their Hebrew...
    • Glen Newey on Unwinnable War: The legal issue admits of far less clarity than the simple terms in which you – I imagine quite sincerely – frame them. For the benefit of readers...
    • Geoff Roberts on The New Normal: The causes go back a long way into the colonial past, but the more immediate causes stem from the activities of the US forces in the name of freedom a...
    • sol_adelman on The New Normal: There's also the fact that the French state denied the mass drownings of '61 even happened for forty-odd years. No episode in post-war W European hist...
    • funky gibbon on At Wembley: If England get France in the quarter finals of Euro 16 I expect that a good deal of the fraternity will go out the window

    RSS – comments

  • Contact

  • Blog Archive

  • From the LRB Archive

    Edward Said: The Iraq War
    17 April 2003

    ‘This is the most reckless war in modern times. It is all about imperial arrogance unschooled in worldliness, unfettered either by competence or experience, undeterred by history or human complexity, unrepentant in its violence and the cruelty of its technology.’

    David Runciman:
    The Politics of Good Intentions
    8 May 2003

    ‘One of the things that unites all critics of Blair’s war in Iraq, whether from the Left or the Right, is that they are sick of the sound of Blair trumpeting the purity of his purpose, when what matters is the consequences of his actions.’

    Simon Wren-Lewis: The Austerity Con
    19 February 2015

    ‘How did a policy that makes so little sense to economists come to be seen by so many people as inevitable?’

    Hugh Roberts: The Hijackers
    16 July 2015

    ‘American intelligence saw Islamic State coming and was not only relaxed about the prospect but, it appears, positively interested in it.’

Advertisement Advertisement