Here is how a bank run could happen:

[Atash Hagmahani]

http://www.financialsense.com/editorials/conrad/2009/0804.html

Dr. Gary North says you can't have a bank run because it is impossible to draw money out of the system. The bank won't give you cash; they give you a check, which you can only deposit in another bank.

Partially true, but I think that instead of draining the banking system, you can cause hyperinflation by accelerating monetary velocity.

What if instead of withdrawing all our money from the bank, we spent it? We could spend it on food, pay down debt, buy precious metals, and take some out as cash.

That would not drain the banking system, but it would accelerate monetary velocity and make the remaining money in the system worthless.

I am pretty sure that the banking crisis is intentional. The goal is to consolidate the banking industry to a few nation-wide banks.

[opsec]

Are they in control of this process or are they going to get burned in the forest fire that they set off?

[Atash Hagmahani]

Opsec, I think they remain firmly in charge of a sinking ship. It's a "the parasite that killed its host" situation.

[wander]

I agree - Alex Jones and his pals all give these goofs too much credit... they don't have any grasp on reality.

[hancocs]

Dr. Gary North says you can't have a bank run because it is impossible to draw money out of the system.

In June of this year I took out $12.000 cash with no problem.

[The Future]

Ask the people who lost their life savings in Northern Rock whether a bank run is possible or not.