Eric Cantona's call for bank protest

ocoonassa

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The Guardian newspaper are reporting that Eric Cantona is calling for a Global Revolution of sorts Eric Cantona's call for bank protest sparks online campaign | World news | The Observer


He said: "I don't think we can be entirely happy seeing such misery around us. Unless you live in a pod. But then there is a chance... there is something to do. Nowadays what does it mean to be on the streets? To demonstrate? You swindle yourself. Anyway, that's not the way any more.

"We don't pick up weapons to kill people to start the revolution. The revolution is really easy to do these days. What's the system? The system is built on the power of the banks. So it must be destroyed through the banks.

"This means that the three million people with their placards on the streets, they go to the bank and they withdraw their money and the banks collapse. Three million, 10 million people, and the banks collapse and there is no real threat. A real revolution.

"We must go to the bank. In this case there would be a real revolution. It's not complicated; instead of going on the streets and driving kilometres by car you simply go to the bank in your country and withdraw your money, and if there are a lot of people withdrawing their money the system collapses. No weapons, no blood, or anything like that."
Is Eric right to be calling for such an action? Will such an event aid or hinder our best interests here in Ireland?


<Mod> This thread has been merged with "December 7th 2010 Bank Run". </Mod>
 
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Boy M5

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Cantona is a loon.
I was Selhurst the night he jumped into the crowd. He was looking for a fight when he was sent off.
 

Chuck de Mawl

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Pros and Cons

On the simplest level he would have a point, however, taking the money out indefinitely would cause real panic, because some folks would have no access to cash for immediate needs (not everyone can shop by debit card) . Also, the govt cannot actually back up the bank guarantee, and do people really want to crash the system so quickly, when so many are ill prepared to do without it?

Hypothetically:

Perhaps if we withdrew the cash, on an organised day (say Dec 6th) , planning to hold it until the 8th or 9th (making it feasible to people, and more easily repeatable) .
Or we could target a specific bank (worst offender) close our accounts, put money into Credit Unions (less convenient access perhaps, but 'struggle' implies some discomfort.
Make alternate arrangements to get wages or just withdraw all your cash each week/month the day after pay day. the banks scream for liquidity, and then the people have a bargaining chip.

Long term we should think about alternate supports if we were to adopt this. Neighbourhood Associations making sure nobody is short of supplies, and even setting up a LETS /barter system for a while.

The organisation for it would take some effort alright.
 

meriwether

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Most overrated footballer ever in the Premiership.

The football fan who doesn't know anything about football's idea of a great player.
 

MPB

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The Guardian newspaper are reporting that Eric Cantona is calling for a Global Revolution of sorts Eric Cantona's call for bank protest sparks online campaign | World news | The Observer




Is Eric right to be calling for such an action? Will such an event aid or hinder our best interests here in Ireland?
Of course he is right.

It is about time people took back control of their own lives.

If the bailout of the Banks proves anything, it is that they need us more than we need them.

Bailing them out teaches them nothing other than that they are considered untouchable, beyond sanction or control.

Amazing how the same ass holes that support bailing out the Banks quote moral hazard at anybody that calls for debt forgiveness for struggling mortgage holders.

Do they not see the elephant sized irony sitting with it,s feet up, in their living room, raiding their fridge and riding their wife?
 

The Caped Cod

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If three millionn people went to the bank to take out there money, there's a good chance 2.5 million of thel woul dbe ttold that the money wasn't there. Banks operate on a fractional reserve system meaning they do not have the reserves on hand to cover all the money in all the accounts. Instead they keep a a percentage (based on the theory that every body won't all take out their money at the same time) and loan or invest the rest.
 

ocoonassa

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If three millionn people went to the bank to take out there money, there's a good chance 2.5 million of thel woul dbe ttold that the money wasn't there. Banks operate on a fractional reserve system meaning they do not have the reserves on hand to cover all the money in all the accounts. Instead they keep a a percentage (based on the theory that every body won't all take out their money at the same time) and loan or invest the rest.
Isn't that dishonest of them? Surely if people go and ask for their money and they're refused it, is that not the same as theft?
 

justme1

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Cantona is a loon.
I was Selhurst the night he jumped into the crowd. He was looking for a fight when he was sent off.
Through my work with Ken Loach i worked with Eric Cantona on the set of 'Looking for Eric' and other film/Theatre work with various directors,i find the comment you bravely made above calling Eric a 'Loon' says more about you than him as i have a funny feeling you have never spoken to the man in your life let alone worked with him or had a pint with him,i'm not a Man Utd fan but i think he was an outstanding footballer and far more importantly a fantastic person,so keep your comments about people you no F all about to yourself.
 

Super8

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Cantona is a loon.
I was Selhurst the night he jumped into the crowd. He was looking for a fight when he was sent off.
No that's just a fiery temper kicked off by a little English knacker. That's not looney behaviour.

Cantona is technically right. Money is at the centre of power. Without money, the banks have nothing. When they have no money, they can't loan it out and earn interest. Interest on money is the key. They only give people enough interest to stop them taking their money out. But they could double your money in a couple of years and at the same time, charge you massive interest on your mortgage.
 

The Caped Cod

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Isn't that dishonest of them? Surely if people go and ask for their money and they're refused it, is that not the same as theft?
They are not obliged by law to be able to hand you all your money upon demand. Have you ever tried you make a substancial with drawal and were told you would have to come back for. This is because they do not have the funds just sitting around. Only enough to cover a percentage. The bank have the right to demand a delay in paying you a sum of money that is over that percentage. Normally they DO have to pay you but if every body with draws their money at the same then the simply cannot pay every one. They bank goes bankrupt and alot of people don't get paid. This is the basic principle of a run on the bank.

I imagine that in reality the bank would simply be bailed out though tot he hyme of "too big to fail" I shouldn't wonder.
 

Pauli

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Hmm...

5 titles in 6 years with two clubs who'd done nothing since Dev was in the park until he landed on.

And the one blank was when he was banned.
Indeed. A hell of a record. He was a vital presence in the Leeds and United sides in which he played.

MOst over-rated player in the history of the Premiership? Certainly not Cantona.

I give you Harry Kewell.
 
G

Gimpanzee

Indeed. A hell of a record. He was a vital presence in the Leeds and United sides in which he played.

MOst over-rated player in the history of the Premiership? Certainly not Cantona.

I give you Harry Kewell.
I'll raise you Robert Pires, while holding my pair of David's (Ginola and Beckham) for later.
 

Unsionn

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Most overrated footballer ever in the Premiership.

The football fan who doesn't know anything about football's idea of a great player.
Your obviously a Liverpool supporter - sore losers the lot of u...lol:evil:
 

Boy M5

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Through my work with Ken Loach i worked with Eric Cantona on the set of 'Looking for Eric' and other film/Theatre work with various directors,i find the comment you bravely made above calling Eric a 'Loon' says more about you than him as i have a funny feeling you have never spoken to the man in your life let alone worked with him or had a pint with him,i'm not a Man Utd fan but i think he was an outstanding footballer and far more importantly a fantastic person,so keep your comments about people you no F all about to yourself.
Ah the sweet seduction of celebrity....

No to your request. Cantona is a loon, his comments about the banks prove that as do his witterings about seagulls.

Personally I would refuse to speak to him, until he apologised for his actions that night that led interalia to the death of a young father - Paul Nixon & to him Cantona profiting due to a deal with Nike where he decried racism (as opposed to say child labour in Indo China....).

Specifically that night Cantona was outplayed by a journeyman footballer Richard Shaw. He committed a foul on him & then on being sent off lost the plot he was staring aggressively into the crowd, his head jerking around like an aggressive junk yard dog that hadn't been fed for a week, Ferguson spotted he'd lost the plot, a trainer was sent running the touchline to escort Cantona back to the tunnel. Too late Cantona spotted another loon and sadly there was violence. Could he here what the young thug said? Hardly. That part of the stand (which was pretty well integrated between Palace, United & even neutrals was a cacophny).

Having re-read my post I think merely calling him a loon is being kind.

Next time your having a pint with your chum Eric tell him that.
 


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