A well-coordinated financial action has the potential to bring the French banking system – and by extension the euro – to its knees, as banks always hold only a fraction of the funds the country’s citizens have in their accounts.
French President Emmanuel Macron has entered panic mode after Yellow Vest protestors announced plans to trigger a bank run with a nationwide coordinated cash withdrawal.
By threatening the financial system in France, the anti-globalist protestors hope to force the government to pass their reforms.
“If the banks weaken, the state weakens immediately,”said Yellow Vest supporter Tahz San on Facebook. “It’s elected officials’ worst nightmare.”
Rt.com reports: Protesters plan to empty their bank accounts on Saturday, withdrawing as much money as possible in a bid to undermine the French banks – if not the euro itself. The plan is to “scare the state legally and without violence,” forcing the government to adopt the movement’s Citizens’ Referendum Initiative, which would allow citizens to propose and vote on new laws.
“We are going to get our bread back…you’re making money with our dough, and we’re fed up,” said protester Maxime Nicolle in…
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