Man U Soccer player calls for "peaceful revolution" against French banks

We will see where the power lies if they can pull this one off. If they succeed, I'll be the first one to say "Viva La France".

I agree with the basic premise he lays out. I think folks here across the pond ought to do something similar.

That is, squeeze the gonads of the large banks and move their money to the smaller, local community banks.

MOVE YOUR MONEY:
http://moveyourmoney.info/

I'm glad I'm not the only one thinking that a little "revolution" in the air is a good thing. Hopefully a peaceful one. But the knuckleheads that made the mistakes that led us here need to pay a price. Economically and in some ways criminally. Justice needs to be served here and apparently leaving it in the hands of the crop of leaders we have is not working.

Instead of "hope and change" we continue to get "more of the same" to re-visit some campaign slogans. In effect, they have made a running joke of our right to vote as a tool to effect change.

It would be nice if people woke up and showed these jackasses that the joke is on them.

It is time for "the people" to take the steering wheel. Since everybody seems to be so enamored with the car analogies lately.

The politicians (all of them) and the banksters can ride in the back seat if they like and STFU.

One more peep out of them and we pull the car over and throw their asses out and make them walk home.

How's that?


Hat tip to zerohedge.com

Man U Player Of The Century Eric Cantona Appeals For Peaceful Revolution Against Banks, Calls For Europeans To Pull Their Money

http://www.zerohedge.com/article/man-u-player-century-eric-cantona-appeals-peaceful-revolution-against-banks-calls-europeans-

"We don't pick up weapons to kill people, to start the revolution... the revolution is really easy to do nowadays. What is the system? The system revolves around the banks. It's based on the power of the banks... so it must be destroyed starting with the banks. This means that the 3 million people with their placards on the street... they go to the bank, withdraw their money from the banks and these ones collapse. 10 million people and the banks collapse and there is not real threat, a real revolution. We must go to the bank. In this case there would be a real revolution. It's not complicated. You simply go to the bank in your country and withdraw your money. If there are enough people withdrawing their money, the system collapses. No weapon, no blood, or anything like that."

THE PROBLEM:

How Did We Get in This Mess? "Reckless Departure"

http://mjperry.blogspot.com/2010/11/how-did-we-get-in-this-mess-reckless.html

From an editorial by Ed Pinto (now at AEI) in the WSJ on August 17, 2010:

"In 1995, HUD announced a National Homeownership Strategy built upon the liberalization of underwriting standards nationally. It entered into a partnership with most of the private mortgage industry, announcing that "Lending institutions, secondary market investors, mortgage insurers, and other members of the partnership [including Countrywide] should work collaboratively to reduce homebuyer downpayment requirements."

The upshot? In 1990, one in 200 home purchase loans (all government insured) had a down payment of less than or equal to 3%. By 2006 an estimated 30% of all home buyers put no money down.

"The financial crisis was triggered by a reckless departure from tried and true, common-sense loan underwriting practices," Sheila Bair, chair of the Federal Deposit Insurance Corporation, noted this June. One needs to look no further than HUD's affordable housing policies for the source of this "reckless departure." If the mortgage finance industry hadn't been forced to abandon traditional underwriting standards on behalf of an affordable housing policy, the mortgage meltdown and taxpayer bailouts would not have occurred."

MP: A good summary of how the political obsession with affordable housing caused a lot of the problems in the real estate and mortgage industries, and led to the financial meltdown.

THE SOLUTION:

Foreclosuregate Could Force Bank Nationalization

http://www.blacklistednews.com/index.php?news_id=11471

For a model, Congress can look to the nation’s only state-owned bank, the Bank of North Dakota. The 91-year-old BND has served its community well. As of March 2010, North Dakota was the only state boasting a budget surplus; it had the lowest default rate in the country; it had the lowest unemployment rate in the country; and it had received a 2009 dividend from the BND of $58.1 million, quite a large sum for a sparsely populated state.

Don't leave it to Congress folks. They will never give power or influence from their control to your control. You're going to have to take it back.