Americanly Yours

I have already mentioned that on April 15th, there will be “Tea Parties” across the country to protest things like the bailouts and so-called stimulus packages.  Other people will be protesting federal income taxes and the federal governments intrusion of States rights.

I will be attending the protest at the Georgia State Capitol Building.  There are hundreds of such protests across the country.  As I said earlier, organizers are expecting to have at least 5,000-10,000 people at the Atlanta protest meaning that there could be hundreds of thousands–if not more people attending these protests nationwide.

Some people may not be able to attend the protests for whatever reason.  I have come up with an idea that will still allow you to participate.  My idea is simple:  I urge everyone who banks at a government owned bank to remove your money from that bank–ask for cash–on or slightly before April 15th.  The banks owned by our government are listed here.

Withdrawing money from these banks, at least temporarily, will show the government how powerful the anti-socialism movement is.  No, this wont collapse the banking system, but it will send a strong message.  For each dollar taken out of banks, roughly 12 dollars is removed from the system.  According to FDIC guidelines, a bank is considered to be “adequately capitalized” if it has only 8% of its deposits on hand.  A massive withdrawal of money from government owned banks could cause many of these government owned banks to fall below this 8% threshold, causing great embarrassment to the administration, while demonstrating our power to those in charge.

Its just an idea, but I hope that you’ll pass it on.

It is time that we stand up and take our country back.

Americanly Yours,

Phred Barnet

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