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Wouldn't a good response to the asset seizure executive order

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rzemanfl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-28-07 07:40 AM
Original message
Wouldn't a good response to the asset seizure executive order
be to quit keeping money in the bank? If everyone took out their savings in cash and got cash on payday, then put as little as possible back into circulation, wouldn't this put some serious pressure on BushCo? How much real cash is out there? I probably do less than fifty dollars a week business in cash, paying for lunches mostly. Just a thought.
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HereSince1628 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-28-07 07:59 AM
Response to Original message
1. No.
Edited on Sat Jul-28-07 08:01 AM by HereSince1628
What is an asset? Something of value; something of worth.

Folks have a lot of assets in places other than the bank, like say your household goods? clothing? jewelry? car? home? perhaps a business? investments/retirement plan?

The idea is to threaten people who oppose government policy on Iraq with financial ruin.

Considering the interest rates in checking/savings accounts it's stupid to keep more than a minimal amount of your money in them and people who live better than hand to mouth don't.

Once the Cheney Gov't decides to implement that program a savings account is going to be a trivial place to stop.
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rzemanfl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-28-07 08:08 AM
Response to Reply #1
2. That's not really my point. I don't know if saying "start a run on
the banks" will get this thread deleted or locked-but that's what I meant. I understand the threat, my suggestion was a tactic to respond as citizens.
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woodsprite Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-28-07 08:13 AM
Response to Original message
3. Wouldn't work for me. We have to have direct deposit from work. n/t
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rzemanfl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-28-07 08:58 AM
Response to Reply #3
4. Me too, Go the bank on payday and take money out, or hit some
ATMs.
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