Peter Reynolds

The life and times of Peter Reynolds

Bank Run On “Revenge Wednesday”, 26th January 2011

with 23 comments

FROM INDEPENDENT MEDIA CENTRE UK

On Wednesday 26 January 2011, thousands of people in the UK will try to cause a bank run by withdrawing money from their bank accounts, in person, at high street bank branches.

The hope is that the movement will snowball.

Everyone is welcome. Just print out this article, fill in your details at the bottom, and take it to your bank, preferably around lunchtime, e.g. about 1pm. Even better, print out multiple copies and hand them round. Use email, Twitter, Facebook too.

When the first bank branch says it won’t pay out people’s money, let everyone know, using every means possible. Take photos. Use mobile phones, send tweets, get the journalists in on the picture. This movement is decentralised. It is what you and we make it.

Note that this idea was tried last December, after being suggested by Eric Cantona. Unfortunately it didn’t go very far, mainly because the organisers asked people to “sign up” online. We’re not asking you to sign up to anything. In particular, you do NOT have to give any personal details to anyone. The form below is just for giving to your BANK.

If you can only afford to withdraw 10 pounds, please do it. If you can afford to withdraw thousands of pounds, do that too. EVERY LITTLE HELPS. Banks cannot withstand everyone withdrawing even a tenth of what they’ve got in the bank. LET’S SEND THESE PARASITES A MESSAGE THEY’LL NEVER FORGET. It’s an open secret that they’re holding the country to ransom. Let’s kick ’em where it hurts.

This is the financial system’s MAJOR WEAK SPOT. That’s why the Dutch government is considering making it illegal to call for a bank run. Because they’re SCARED. In 2009 there was a bank run against a Dutch bank. This was considered to be a particularly unpleasant bank, which had been encouraging millions of Dutch people to get into debt who couldn’t afford it. People did a run against it, and it went bankrupt. How sad.

In Britain, you’d be hard pushed to name a bank which DIDN’T try to get people into massive debt they can’t really afford.

Here’s the bottom line: THE BANKS HAVE GOT IT COMING TO THEM.

So please take part. Spread the news. Distribute this article. Print your own. Just do a little bit to help, and we’ll be strong and we’ll blast the damn banks like they’ve never been blasted before.

Please complete the details, and hand it to your bank around 1pm on 26 Jan 2011.

**********************************
NAME: __________________________
ADDRESS:_____________________________
________________________________
ACCOUNT NUMBER: ___________________
SORT CODE:______________________
NAME OF BANK:_____________________

To: the Branch Manager
Dear Sir,
I wish to withdraw ____________ pounds from my account in cash, immediately.
Yours sincerely,
__________________ (signed)

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Written by Peter Reynolds

January 20, 2011 at 6:56 pm

23 Responses

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  1. “On Wednesday 26 January 2011, thousands of people in the UK will try to cause a bank run by withdrawing money from their bank accounts, in person, at high street bank branches.”

    Total utter and complete crap.

    If they had any backbone and beleived a word they said they would not have bank accounts to withdraw from in the first place.

    I bet you nobody even notices it…AGAIN!

    David

    January 20, 2011 at 7:58 pm

    • Three twitters in one hour observing my realtime monitor. well at that rate you will have them scared whitless in about 375 years….with no compound interest 🙂

      That dog ain’t going viral i’m afraid and even if it did it is all insured and guaranteed by the government so joe and jane doe won’t notice a thing.
      It didn’t work with Cantona last time because he is a French git and a has-been . Lefty or pretend righty, nobody cares, hate to be the one to tell you.

      David

      January 20, 2011 at 8:14 pm

      • If governments and banks weren’t scared of bank runs, why is the Dutch government proposing to make it a criminal offence to call for a bank run?

        Banks are much more precarious than they make out.

        Anyone who wants to help with this fine project should get tweeting etc. now! See you all on Wednesday!

        David, you are just making yourself look an idiot, saying that no-one who wants to sock it to the banks should have a bank account, and the French are this that and the other. A people’s bank run is a great idea. Unless you want to sit on your backside through the next 10 news stories involving the government paying billions out to save the banks, because otherwise the sky would fall in – and never mind the mass unemployment, evictions, begging on the street, starvation, freezing to death, tuberculosis, etc. etc.

        I just can’t imagine ANYONE not at the very least having a WARM FEELING INSIDE when they hear about the bank run that hopefully will be started next Wednesday.

        Michael Sullivan

        January 21, 2011 at 12:45 am

      • I’m making myself look an idiot Michael?

        I am not the one impressing myself with playground propaganda.

        All you end up with is a handful of people shouting loudly trying to convince each other of how this great idea will change everything and calling anyone with some real sense “idiot” or “ignorant”.

        Even if it did do anything, you want to fuck up the economy of your own country, shows what a idiot you really are.

        Yawn, next.

        David

        January 21, 2011 at 10:17 am

      • You want to get the banks, try going after those responsible directly, not undermine the countries economic stablility..what’s left of it.

        David

        January 21, 2011 at 10:25 am

  2. Well I have just been told of this and had no idea of it’s existence until now.
    Let’s all have a “Hold your breath Day” as it wouldn’t make a difference all the large scale & long term investors will even if they know of this merely ignore it as it will be too much effort !
    Sorry to rain on the parade I await the 26th with baited breath

    Gerry

    January 20, 2011 at 8:24 pm

    • Bless em for trying but I am afraid the lefties have made everyone “protest” weary with all their years of bore and blather! You would be better off reading the Art of war and learning some bomb making 🙂

      I say again, if those who think they are protesters meant a word of it, they would not have bank accounts in the first place. That would be properly effective, again , it aint gonna happen because as the lizard king said, “Your all a bunch of fucking slaves”.

      David

      January 20, 2011 at 8:58 pm

  3. […] This post was mentioned on Twitter by dope smoker and Shaun Hankey, Peter Reynolds. Peter Reynolds said: Bank Run On Revenge Wednesday, 26th January 2011: http://wp.me/pgXXJ-VB […]

  4. Well I bank with the Co-op and I think they’re pretty good, ethical and all that. So I won’t be playing. But it’s an interesting idea. I look forward to seeing if anything happens.

    John Cossham

    January 21, 2011 at 12:08 am

  5. Sorry Peter, I’ve found we usually see eye to eye however, this is a bloody stupid idea. Militancy for the sheer sake of it. It would prove nothing apart from further undermining a very dangerous economic situation.

    Nick

    January 21, 2011 at 5:13 pm

    • Nick, life would be very boring if we all agreed all the time!

      Personally I think we should be much, much tougher on the banks. We should call their bluff. Even if it means short term damage and if some up sticks and leave, I say good riddance. In the long run we will be better off for it.

      It looks like there will be several MPs in jail by the end of this year for their £20,000 misbehaviours. How many bankers are going down for stealing billions?

      Peter Reynolds

      January 21, 2011 at 5:22 pm

      • I agree with Nick and as I said before undermining your own Countries already shaky economy is not the way to do it. If people really felt some retrebution was needed then they should go after the bankers personally. Do some investigating come up with crimes and anything to hang them with along with any politician invloved in tax payer funded deals etc etc.

        This is what the Media should be doing but all that went long ago.

        David

        January 21, 2011 at 5:40 pm

      • Ok, so lets pretend that this takes off and in best case scenario a bank folds. Normal savers could lose their hard earned money or the gov steps in and bails it out with our tax money. I don’t see how any of us are then the winners.
        I agree that the bankers have a lot to answer for, without doubt but, this doesn’t deliver any sort of result for the man on the street or anyone for that matter.

        Nick

        January 21, 2011 at 6:35 pm

      • The savers money is guaranteed by the Government, othewrwise known asthe Tax payer who will pay for it all as always.

        David

        January 21, 2011 at 7:08 pm

      • Its only the first 31,750 thats protected by the FSA. Anything beyond that is at risk.

        Nick

        January 22, 2011 at 9:24 am

      • I think that is your average person well and truly porotected then. 🙂

        David

        January 22, 2011 at 9:38 am

      • Thats terrible David!

        Nick

        January 22, 2011 at 9:49 am

      • What? apart form my usual mis-typing? The average person has below that amount in their account would you not say?

        David

        January 22, 2011 at 11:29 am

      • So people who manage to exceed what you deem above average financial achievements are not as entitled to keep their own money as those who fall into an average category David? An interesting point of view.

        Nick

        January 22, 2011 at 12:24 pm

      • That is clearly not what I meant Nick. Those hwo can afford to save more than that frankly, are stupid if they have left it all in a savings account and not had the sense to invest it elswhere.

        David

        January 22, 2011 at 5:27 pm

  6. Most people have already sent their money off shore; in the same way as our large employers have by sending the work to India and other “3rd world” Countries.

    The revenge is too little, to late. And in any case, if you recall, Gordon Brown sold all our Gold Reserves

    The Debt Collector

    January 22, 2011 at 12:05 am

  7. Please can people send the following tweet (or similar):

    Hit back at the banks: BANK RUN on Revenge Wednesday, 26 Jan 2011. Info at: tinyurl.com/bankrun2011 PLEASE FORWARD THIS

    Thanks!
    Elizabeth

    Elizabeth

    January 22, 2011 at 8:11 am

  8. We’ve already had a bank run in the UK. That’s why the taxpayer is already on the hook for £512bn. The challenge is how to rebuild a financial system that works. As I posted yesterday (http://sdj-pragmatist.blogspot.com/2011/01/shuffling-deckchairs-on-hms-status-quo.html), this is supposed to be the focus of the Commission on Banking, but that Commission is preoccupied with retaining ‘banking’ as a segment, and figuring how that might be restructured, rather than looking at the financial system as a whole.

    As I suggested in response to Eric Cantona’s idea for a bank run (http://sdj-pragmatist.blogspot.com/2010/11/hey-eric-lend-your-euros-directly-to.html) instead of withdrawing your surplus cash (an act of futility), why not emphasise alternative models by lending it to other people directly via Zopa or FundingCircle?

    Pragmatist

    January 23, 2011 at 5:29 pm


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