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Author Topic: What if we all took our money out of the banks what would happen tell me please  (Read 1971 times)

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Offline bijou

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What if we all took our money out of the banks what would happen tell me please
« on: March 21, 2009, 05:21:20 PM »
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april  (701 posts)      Sat Mar-21-09 09:18 PM
Original message
What if we all took our money out of the banks what would happen tell me please ..
 I am so sick and tired of loosing money ( UBS) so what would be the worst outcome if we all did this?
 
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Systematic Chaos  (1000+ posts)      Sat Mar-21-09 09:23 PM
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6. Yeah, buddy - that helps....
 

To attempt to answer your question in a more serious manner, I am pretty sure the banks would either close their doors outright or put draconian withdrawal limits in place long before a serious percentage of deposits got away. I doubt such a thing is even legal but I don't think that would stop them.

But assuming we could get all our money out, the entire financial and monetary system as we currently know it would collapse, and take the US Dollar with it. We'd very likely return to a simple barter society.

Anyone think that's way off the mark? Chime in, please.
 
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SoCalDem  (1000+ posts)        Sat Mar-21-09 09:29 PM
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12. Probably "most" people don't have all that much IN banks
 If you live paycheck to paycheck, "your" bank is little more than a clearinghouse that your money passes through, on its way to your creditors..

If you just cashed your check, you would have cashm but then you'd have to buy money orders or go plae to place, paying in cash..
 
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Offline Lord Undies

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Re: What if we all took our money out of the banks what would happen tell me please
« Reply #1 on: March 21, 2009, 05:26:19 PM »
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BlooInBloo  (1000+ posts)          Sat Mar-21-09 05:28 PM
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11. We would all become emo.

This made me laugh.  :-)
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Offline BlueStateSaint

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Re: What if we all took our money out of the banks what would happen tell me please
« Reply #2 on: March 21, 2009, 05:33:52 PM »
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april  (701 posts)      Sat Mar-21-09 09:18 PM
Original message
What if we all took our money out of the banks what would happen tell me please ..
 I am so sick and tired of loosing money ( UBS) so what would be the worst outcome if we all did this?

I somehow doubt that "the banks" would be worried about 5000 or so DUmb****s each taking their 20 cents out . . .  ::) :whatever:
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Offline Carl

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Re: What if we all took our money out of the banks what would happen tell me please
« Reply #3 on: March 21, 2009, 05:44:07 PM »
Quote from: BlueStateSaint on March 21, 2009, 05:33:52 PM
I somehow doubt that "the banks" would be worried about 5000 or so DUmb****s each taking their 20 cents out . . .  ::) :whatever:

Given what they consider to be rich I would say that figure is probably about on the mark.

Banks might even come out ahead as now they wouldn`t have to send out monthly statements that cost more to produce then what they showed for balances.
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Online SSG Snuggle Bunny

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Re: What if we all took our money out of the banks what would happen tell me please
« Reply #4 on: March 21, 2009, 08:08:49 PM »
That lot of welfare queens (both male and female) have enough money to put in the banks?

Who knew?
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Offline LC EFA

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Re: What if we all took our money out of the banks what would happen tell me please
« Reply #5 on: March 21, 2009, 08:17:41 PM »
All what money out of the banks ?

Idiots.
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Offline jukin

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Re: What if we all took our money out of the banks what would happen tell me please
« Reply #6 on: March 21, 2009, 09:01:01 PM »
I hope these are moles.
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Offline AprilRazz

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Re: What if we all took our money out of the banks what would happen tell me please
« Reply #7 on: March 23, 2009, 06:30:42 AM »
Quote from: Mr Snuggle Bunny on March 21, 2009, 08:08:49 PM
That lot of welfare queens (both male and female) have enough money to put in the banks?

Who knew?
Direct deposit. That way you don't have to leave the basement to cash that welfare check.
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Offline InfamousAndy

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Re: What if we all took our money out of the banks what would happen tell me please
« Reply #8 on: March 23, 2009, 11:14:00 AM »
The banks would sorely miss that $12.50.

Seriously, though, for people that claim we are in a 'second great depression' they sure don't understand the causes of the first great depression.  Does the term 'run on the bank' escape them?
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Offline thundley4

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Re: What if we all took our money out of the banks what would happen tell me ple
« Reply #9 on: March 23, 2009, 11:18:07 AM »
Quote from: InfamousAndy on March 23, 2009, 11:14:00 AM
The banks would sorely miss that $12.50.

Seriously, though, for people that claim we are in a 'second great depression' they sure don't understand the causes of the first great depression.  Does the term 'run on the bank' escape them?

History, just another of the DUmmies weak points. It's the same thing that leads them to believe that socialism will work , this time.
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Offline Chris_

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Re: What if we all took our money out of the banks what would happen tell me please
« Reply #10 on: March 23, 2009, 12:17:19 PM »
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I am so sick and tired of loosing money ( UBS) so what would be the worst outcome if we all did this?
:thatsright:

I just hate it when that happens.
 :whatever:
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