Posted 10 years ago on Dec. 10, 2011, 4 p.m. EST by ZenDogTroll
from South Burlington, VT
This content is user submitted and not an official statement
As a practical matter, Lehman Bros. was allowed to fail, and that failure served to demonstrate what would happen if the entire system were not propped up with assurances by the federal government.
This is the utility of failure. It is also a form of Symbolic communication - where a physical image or event serves to instruct or inform a wide audience.
I would propose radical thinking and action, that demonstrates our numbers, and the power to be derived from those numbers.
We CAN break the system.
by capitalizing on their fear.
What does a lending institution fear most? Uncollectable debt. It is, in a sense, a prospect we don't necessarily have to use, as long as we can demonstrate that very real possibility.
With one million people, applying at one institution, for a line of credit, and then using that line of credit in synchronous fashion, we can demonstrate that we have power. To act as one.
A single purchase, or donation, on one specific day, to one single entity, would be such a demonstration. Imagine the benefit if one million people made one to ten dollar donations to . . . say, the red cross. All on one day.
By letting the institution know before hand, that we have this power, that we can use it, and then by using it, they will know fear.
Why? Because - what would it mean to them if one million potentially hostile citizens each have a $500 or a $1000 line of credit? One they are all willing to use, together?
What if they all max out their lines of credit at the same time?
What if they Don't pay it back?
With such a demonstration, they would pay attention.
With such a demonstration, we could make sure their creditors know, their investors know - that we have them, by the balls.
I am sure, we could then leverage any kind of lobbying effort using their access, any time we want.
All they have to know, is that they stand or fall, by our will.