Starve the banks

In an interview, retired Manchester United soccer star Eric Cantona said he didn’t think protests were very effective:

“We don’t pick up weapons to kill people to start the revolution. The revolution is really easy to do these days. What’s the system? The system is built on the power of the banks. So it must be destroyed through the banks.

“This means that the three million people with their placards on the streets, they go to the bank and they withdraw their money and the banks collapse. Three million, 10 million people, and the banks collapse and there is no real threat. A real revolution.

“We must go to the bank. In this case there would be a real revolution. It’s not complicated; instead of going on the streets and driving kilometres by car you simply go to the bank in your country and withdraw your money, and if there are a lot of people withdrawing their money the system collapses. No weapons, no blood, or anything like that.”

He concludes: “It’s not complicated and in this case they will listen to us in a different way. Trade unions? Sometimes we should propose ideas to them.”

Cantona’s call appeared to touch a popular chord and generated an instant response. Nearly 40,000 people have clicked on the YouTube clip, and a French-based movement – StopBanque – has taken up the campaign for a massive coordinated withdrawal of money from banks on 7 December. It is claimed that more than 14,000 people are already committed to removing deposits. The movement is also gaining increasing attention in Britain.

The trio of French Facebook users now leading the campaign have appealed to people across Europe to provoke a bank crash. “It is we who control the banks, not vice versa,” they write.

In a fuller statement on the website, the organisers write: “Our call has been more successful than we dared think. Our action is a people’s movement… we’re not seeking to destroy anyone in particular, it’s the corrupt, criminal and moribund system that we have decided to oppose using what means we can, with determination and within the law.” The statement is signed by Géraldine Feuillien, 41, a Belgian filmmaker, and Yann Sarfati, 24, an actor and director from France.

Sarfati said he and his friends had simply wanted to pass on Cantona’s video clip, but had found themselves caught up in a global “citizens’ movement”.

“We were surprised by the interest and the buzz it created on the internet. It has really spread; there are now Facebook events in Italy, Romania, Bulgaria and even Korea,” Sarfati said.

“We’re not anarchists, nor linked to any political party or trade union; we’re not even an organisation. We just thought this was another way of protesting.”

He added: “In between doing publicity campaigns for L’Oréal, Cantona has this revolutionary side. He earns a good living, but obviously he has a social conscience and I think he is sincere.”

Valérie Ohannesian, of the French Banking Federation, said she thought that the appeal was “stupid in every sense” and a charter for thieves and money-launderers.

“My first reaction is to laugh. It is totally idiotic,” she told the Observer. “One of the main roles of a bank is to keep money safe. This appeal will give great pleasure to thieves, I would have thought.”

She also doubted the practicalities of the suggestion. “If Mr Cantona wants to take his money out of the bank, I imagine that he’ll need quite a few suitcases,” she said.

5 thoughts on “Starve the banks

  1. The only credit I could join works through JP Morgan Chase and is very restrictive about what I can do and how often. IIRC, I also have to go a branch near NYU. It all depends on if you are able to join a credit union or not.

  2. Attention: BankRun 2010.

    I thought as many others that the movement initiated by Eric Cantona was spontaneous and naive and thought that I could hang myself to it in order to establish La Nouvelle Économie. After a Skype discussion with Géraldine Feuillien I came to the conclusion that it was a movement whose brain manipulator is still unknown but whose purpose is to establish an economic system probably fascist that will emerge by terror rather than a movement that will foster the economic interests of each of us.

    La Nouvelle Économie.

  3. ______________________________________________________

    Attention: BankRun 2010.

    J’ai pensé comme beaucoup que le mouvement initié par Eric Cantona était un mouvement spontané et naïf et j’ai pensé que je pouvais m’y accrocher afin d’établir La Nouvelle Économie. Après une discussion par Skype avec Géraldine Feuillien je suis arrivé à la conclusion qu’il s’agissait d’un mouvement dont le cerveau manipulateur reste inconnu mais dont le but et d’établir un système économique probablement fasciste qui émergerai par la terreur plutôt qu’un mouvement qui irai dans les intérêts économiques et autres de chacun d’entre nous.

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