http://www.cnbc.com/id/44800021/
So, a group of the Occupy Wall Street protestors decided, 'Hey. Let's make a Bank Run!' (For those who don't know what that is, it's when a bunch of people go to withdraw their money at the same time with the purpose of causing the bank to crash. This happens because the banks don't actually have large amounts of money in them. When you put money in the bank, they loan that money out to other people.)
When this happens on a wide scale, it's called a bank panic. Know what happened the last time a bank panic occurred? The Great Depression. And no, that wasn't coincidental. The bank panic directly caused the Great Depression because everyone attempting to withdraw money that didn't exist caused the economy to completely collapse. Which leads me to my point-
Crashing the economy would mean that the 99% will be the only ones who suffer. The people with obscene amounts of money will just ride through the inevitable rampant inflation like nothing happened while everyone else loses everything because they can't afford $1,000 loafs of bread.
People keep bitching about police brutality that isn't even happening. Maybe the police actually do need to start beating some sense into these people.
So, a group of the Occupy Wall Street protestors decided, 'Hey. Let's make a Bank Run!' (For those who don't know what that is, it's when a bunch of people go to withdraw their money at the same time with the purpose of causing the bank to crash. This happens because the banks don't actually have large amounts of money in them. When you put money in the bank, they loan that money out to other people.)
When this happens on a wide scale, it's called a bank panic. Know what happened the last time a bank panic occurred? The Great Depression. And no, that wasn't coincidental. The bank panic directly caused the Great Depression because everyone attempting to withdraw money that didn't exist caused the economy to completely collapse. Which leads me to my point-
Crashing the economy would mean that the 99% will be the only ones who suffer. The people with obscene amounts of money will just ride through the inevitable rampant inflation like nothing happened while everyone else loses everything because they can't afford $1,000 loafs of bread.
People keep bitching about police brutality that isn't even happening. Maybe the police actually do need to start beating some sense into these people.