This June 5th

[NaughtyGeek]

So, I came across a site proposing a "run on the banks" this June 5th. The general premise is to get as many people as possible to withdraw all their money from their bank. In my mind, I can't see this having any affect whatsoever even if an inordinate amount of people complied. Anyone here have any insight into any potential problems this could actually cause?

Linky

 

[nonameo]

I would imagine that the american people don't have enough money stored away in their "liquid" accounts to make a difference. I mean, who's going to withdraw their 401k for this? No one. Maybe savings/checking, but nothing serious.

 

[Brainonska511]

Sounds like a load of crap. Probably pushed by Ron Paul supporters who hate the "evil Federal Reserve."

Edit:
Yep, reading the "notice" confirms my suspicions. Repeal of the Federal Reserve act and going back to a gold/silver standard.

 

[jpeyton]

If Paul officially threw his support behind this, it might get some traction.

As it stands, I expect about 27 people to actually follow threw with this. And 26 of them are college students with $15 in their checking account.

 

[StageLeft]

Stupid. if I felt it was going to actually affect anything, i'd pull my money out on june 4 before it's messed up. Silly.

 

[sandorski]

Last time that happened there was a Gold Standard and everything went to Hell. Not sure what they'd prove.