Banks has its weak spot the fractional banking!

in #life7 years ago


Legacy banking system is shacking! But we hold each other for our balls.

When I read article "Bankers Have Shut Down All of Bulgaria’s Bitcoin Exchanges" on news.bitcoin.com an idea pop out in my head. We are all dependent on moving fiat money from our bank accounts to the crypto addresses, accounts and exchanges. Banksters know that and think they hold our balls. They can shut down your account and you are stuck.

But are you really stuck? Don't you have any power in your hands?

We have power together. We can strike back because bankers have one very weak point. This point is their fractional banking. Because they are greedy they keep only small percentage of deposits really in the bank. All what is left is loaned strait away. This is a way to make money from thin air. But it is also a weak point of banks.

If we the owners of deposits organize over social media and conduct a kind of dDoS attack on one particular bank and promote people having accounts there to empty their accounts and withdraw cash from that bank. Bank will become insolvent. It will run out of cash because over 90% of deposits are loaned away.

So banksters don't play games with us. We can also shut you down if we want!

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