Reverse Money Bomb

Many supporters of "The Revolution" are proposing a run on the bank from June 5th through June 15th.

http://thisjune5th.com

Is it worth it?  What are the implications if it is successful, meaning there is a mass of individuals that actually withdraw their money?  Does it do more harm than good?  Are you going to participate?  Why or why not?

ahah, sound cool. Why not do that for the on-demand deposit account? ;) Better be well armed during those days though. :P

I'll likley be on board as, to my understanding, this seems to be somewhat counter-economical (more like an economical protest).  If enough people do this, it would definitly be interesting to see it hit the news.

ViennaSausage:

Many supporters of "The Revolution" are proposing a run on the bank from June 5th through June 15th.

http://thisjune5th.com

Is it worth it?  What are the implications if it is successful, meaning there is a mass of individuals that actually withdraw their money?  Does it do more harm than good?  Are you going to participate?  Why or why not?

I am interested to see what the "real" libertarians have to say about this. Could it be that Ron Paul supporters are actually doing something radical? Maybe they aren't conservatives afterall.

Solid_Choke:

ViennaSausage:

Many supporters of "The Revolution" are proposing a run on the bank from June 5th through June 15th.

http://thisjune5th.com

Is it worth it?  What are the implications if it is successful, meaning there is a mass of individuals that actually withdraw their money?  Does it do more harm than good?  Are you going to participate?  Why or why not?

I am interested to see what the "real" libertarians have to say about this. Could it be that Ron Paul supporters are actually doing something radical? Maybe they aren't conservatives afterall.

It would be a situation that would cause me to look more favorably on them.

I think it goes under what SEK3 would call a libertarian compromise - that is an alliance to achieve something libertarian with members of non-libertarian groups.

Niccolò:

Solid_Choke:

ViennaSausage:

Many supporters of "The Revolution" are proposing a run on the bank from June 5th through June 15th.

http://thisjune5th.com

Is it worth it?  What are the implications if it is successful, meaning there is a mass of individuals that actually withdraw their money?  Does it do more harm than good?  Are you going to participate?  Why or why not?

I am interested to see what the "real" libertarians have to say about this. Could it be that Ron Paul supporters are actually doing something radical? Maybe they aren't conservatives afterall.

It would be a situation that would cause me to look more favorably on them.

 

I think it goes under what SEK3 would call a libertarian compromise - that is an alliance to achieve something libertarian with members of non-libertarian groups.

Honestly I think you look to unfavorably upon the whole of them Nic. There are soem good ones in there. A lot fo them. Theres some group of them trying to organize and buy consecutive plots of land in order to form a community of liberty oriented people. I was quite surprised by that one honestly.

I wish they would drop Paul and pick up the gadsden flag and just start pouring all that zeal into themselves

I think a good deal of them are already doing that; the buying of land to allow fellow supporters to co-exist in a certain place would, I think, eventually draw a friendly confrontation of ideas, between those who are more agorist & apolitical, and those who agree with the RP platform 100% & are political, as well as others who merely support RP for a single given issue, etc.

While I view the political campaign as a failure, as well as RP in a less than favorable light, the supporters are actually continually interesting to watch; imo, they are putting to test some central concepts to memetics, as well the obvious spontaneous order & emergent behavior theories. 

The fact they are continuing their decentralized organization & indirect action is surprsing enough, and is showing anyone who is watching that the protest isn't dead.

I would be willing to bet my savings that the supporters will adopt more direct action & more various strategies as they look upon new sources for inspiration & knowledge (after being shown 'the door' by the RP meme).

Although I keep saying 'they', I may or may not end up re-joining any efforts if they become more apolitical/agorist/direct actions.  If nothing else, the buying of land was an unexpected move that definitely got my interest, as well the reverse money bomb.

ThorsMitersaw:

Honestly I think you look to unfavorably upon the whole of them Nic. There are soem good ones in there. A lot fo them. Theres some group of them trying to organize and buy consecutive plots of land in order to form a community of liberty oriented people. I was quite surprised by that one honestly.

I wish they would drop Paul and pick up the gadsden flag and just start pouring all that zeal into themselves

Definitely agood point. I think I have been a little hard on the whole of the Paul movement, but as I can tell, most of them are not so much libertarian as they are just constitutionalists confused with that being synonymous with libertarian. I don't like that and it's why I'm so vehement about denouncing it.

The idea for buying large areas of land is interesting, but if still connected to Paul, it sounds a little cultic... If Anarchist, however, I could totally get behind that.

This is why I like the Paulites.  Less talk more rock.

i keep trying to tell anyone who will listen that the Paul supporters are ripe to bring into agorism and anarchy, but not if they are alienated by attacking Paul or telling them that political action is a waste of time.  Paul supporters don't sit around debating liberty, they go out and try to achieve it, even if the action isn't what the anarchists think will be effective.

Still can't understand all of the hostility to Paul, but to each his own.  He's at the end of his career, good or bad.  Instead of scrutinizing him, maybe we all need to step it up a little.

liberty student:

This is why I like the Paulites.  Less talk more rock.

i keep trying to tell anyone who will listen that the Paul supporters are ripe to bring into agorism and anarchy, but not if they are alienated by attacking Paul or telling them that political action is a waste of time.  Paul supporters don't sit around debating liberty, they go out and try to achieve it, even if the action isn't what the anarchists think will be effective.

Still can't understand all of the hostility to Paul, but to each his own.  He's at the end of his career, good or bad.  Instead of scrutinizing him, maybe we all need to step it up a little.

 

 

This is more or less what my attitude is now, after the slight reactionary distate I developed while my views began to change after my inital support.  At this point, it's becoming more clear that many of the "Paulites" will remain active well past RP, which is why I think both non-paulites & paulites (I don't like using that term, but it's for easy referrence at the moment...) will eventually develop a mutual respect.  I think that will also occur, because they are obviously dicussing new tactics to be used, probably in face of the long term situation past 2008.

I still don't reformism will work, but I also think that many Paulites will begin seeing that diverisying their tactics (which will, I bet, include radical strategies, not just reformist strategies) is the best course of action, if not for simply staying active. 

As for "sitting around debating liberty", didn't quite a bit of that occur a few centuries ago that helped laid foundations for what is being debated today?  I will say thisabout "sitting around debating liberty": somebody's gotta do it ;)

ThorsMitersaw:

Theres some group of them trying to organize and buy consecutive plots of land in order to form a community of liberty oriented people.

Can you point me to more info on that one?

histhasthai:

Can you point me to more info on that one?

Google "Paulville".  I read about it on the Lew Rockwell Blog.

 AWESOME! This is a great way to get media attention to our banking system.

Well, first off, it is extremely unlikely they will get enough people to do this when they couldn't get enough people to vote for Paul.

Secondly, if it was widescale, it would likely lead to a large contraction in the money supply or a speedy running of the printing presses to bring M0 up to M3. In either case, not pretty.

Harksaw:

Secondly, if it was widescale, it would likely lead to a large contraction in the money supply or a speedy running of the printing presses to bring M0 up to M3.

What is M0 M3?

Harksaw:

Well, first off, it is extremely unlikely they will get enough people to do this when they couldn't get enough people to vote for Paul.

 

Secondly, if it was widescale, it would likely lead to a large contraction in the money supply or a speedy running of the printing presses to bring M0 up to M3. In either case, not pretty.

As opposed to later troubles?  Seems a bit like a move at trying to rip the band-aid (er, adhesive strip) off instead of slowly peeling it off & putting it back on.

Niccolò:

ThorsMitersaw:

Honestly I think you look to unfavorably upon the whole of them Nic. There are soem good ones in there. A lot fo them. Theres some group of them trying to organize and buy consecutive plots of land in order to form a community of liberty oriented people. I was quite surprised by that one honestly.

I wish they would drop Paul and pick up the gadsden flag and just start pouring all that zeal into themselves

 

Definitely agood point. I think I have been a little hard on the whole of the Paul movement, but as I can tell, most of them are not so much libertarian as they are just constitutionalists confused with that being synonymous with libertarian. I don't like that and it's why I'm so vehement about denouncing it.

 

The idea for buying large areas of land is interesting, but if still connected to Paul, it sounds a little cultic... If Anarchist, however, I could totally get behind that.

Yea I definetly see that confusion being somethign to always point out. I just look at them and see myself a few years ago. So I see a lot of opportiunity in there to grab them, slap some sense into them.

I agree on the cultish part too but hopefully when paul passes out of the lime light, they will continue this same kind of behavior.