In the case of his arrest, supporters of ex-President Donald Trump are calling for creative, peaceful protests, and are suggesting an unusual countrywide bank run as an alternative to normal rallies.
Trump has already urged his fans to “PROTEST, PROTEST, PROTEST” if he is taken into custody on Tuesday morning.
The George Washington Initiative informed Newsweek of a large increase in searches for a pro-Trump bank, which nearly quadrupled over the weekend and continued to expand on Monday.
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Former President Donald Trump’s ardent followers suggest a novel and peaceful strategy for protest in the form of a countrywide bank run in anticipation of his possible arrest in Manhattan. An alternate method of protest tries to prevent mayhem on the streets while demonstrating the steadfast support of Trump’s constituency.
“Driven by false flag paranoia,” In recent days, more and more Trump fans have called for a bank run as a “nonviolent form of social disobedience” According to the George Washington Initiative (GWI), a group devoted to battling misinformation, there is strong evidence against a Trump arrest.
How do bank runs work?
Taking inspiration from their historically disastrous effects on the financial system, activists are considering bank runs as a forceful form of protest against a hypothetical Trump arrest.
Extreme political divisions have seeped into the banking industry, and a simultaneous surge of depositors withdrawing money from banks could start an economic disaster. By involving politics in finance, these acts run the risk of undermining its stability and security, leaving all of us feeling exposed at a time of ambiguity.
“Be a shame if Trump supporters led a nationwide bank run,” Trump supporter and alt-right activist Jack Posobiec tweeted on Saturday. Another Trump fan, Vincent Sativa, hailed Posobiec’s plan a “brilliant” and “genius” approach to remind the country how many people still back the former president.
In an intriguing turn of events, Trump anticipates being detained on Tuesday in connection with the infamous Stormy Daniels hush money case. He calls on his fans to “PROTEST, PROTEST PROTEST!!!!” against his impending prosecution in the midst of this riveting drama, leaving the details of their protests to the viewer’s imagination. As some ardent supporters call for a widespread withdrawal of money from banks, the tension mounts as we eagerly anticipate Tuesday’s news-grabbing result.
Daniels’ story, which claims that she had an exciting relationship with Trump, is vehemently denied. In an intriguing turn of events, Michael Cohen, Trump’s former personal lawyer, appeared before a grand jury, accusing the former President of organizing the payments of hush money to Daniels, with the Trump Organization later paying Cohen back.
GWI informed Newsweek on Monday that it had discovered “growing chatter around the topic”, but “the chatter is growing at a logarithmic rate which will hamper the narratives’ ability to spread, marginalizing any impact that may occur.” According to GWI’s graphs, between Friday and Saturday, the number of searches for a prospective bank run nearly doubled, and on Monday, the amount of searches increased once again.
After the tragic Silicon Valley Bank (SVB) failure, which substantially disturbed the U.S. financial landscape last week, the current pro-Trump bank run campaign has surfaced. As a result of a chain reaction caused by a substantial withdrawal of client cash, the regional bank collapsed, forcing authorities to shut the institution. While New York’s Signature Bank threatened liquidation as well, the nation’s big financial institutions hurriedly put together a $30 billion rescue for smaller lender First Republic Bank, adding to the shock.
Others point out that because the system is already unstable, “It won’t take much right now to crash the entire monetary system.”
“If Trump gets arrested, they are planning to pull their money out of the banking system. You will see a bank run of mass proportions,” On Sunday, @CryptoPolka posted on Twitter. “It won’t take much right now to crash the entire monetary system.”
“With the panic in the markets around SVB – this could get interesting, There is a new user named @OopsGuess. “We all want MAGA…”
The financial markets are still used by regular people for their personal gain, whether it is to make political comments or to make money. These initiatives are nothing new.
Two years ago, in an exciting turn of events, small-scale investors came up with a brilliant strategy on Reddit that rocked the very basis of Wall Street. These clever people orchestrated a short squeeze that sent GameStop stock prices rocketing, sending hedge fund traders running for safety. Firms like Robinhood stopped GameStop stock trading in a contentious decision, only to find themselves in the sights of political heavyweights and entangled in webs of class-action lawsuits charging them of market manipulation.
While the coordination of bank runs may not be illegal, spreading misleading information about a bank’s financial situation is. Legal experts advise that in order to combat such plotting, prosecutors may want to use more general federal laws, such as those governing stock market manipulation or wire fraud.
Republican leaders who oppose Trump’s call for protest encourage prudence, stressing the need to refrain from using violence in response to arrests.
Notwithstanding the fact that an indictment would be “an outrageous abuse of power,” House Speaker Kevin McCarthy stated on Sunday that he did not believe that people should demonstrate against it. “We want calmness out there,” He told Orlando, Florida, reporters. “I do not believe there should be any violence to this.”
Rep. Marjorie Taylor Greene, a close ally of President Trump, tweeted on Saturday, “We don’t need to protest.”
Many Trump supporters are considering starting a bank run, but they are aware that doing so may lead to the declaration of martial law and the detention or prosecution of the protesters.
“Participate in a bankrun instead,” Aaron Day, a remote prospect for the GOP candidacy in 2024, tweeted. “It will be highly effective and non-violent (it also solves our corrupt banking and Ukraine situation at the same time).”
In order to avoid giving Trump detractors ammunition, Truth Social users suggested that supporters of the previous president engage in peaceful means of protest. “What they think will happen, violence or riots.”
“Trump supporters are law abiding!” one Truth Social user wrote. “We can protest without damaging or breaking the law. I can pull my money from the bank. I can do a lot to crash this economy.”
On Twitter, detractors cast doubt on the possible consequences of a bank run planned by Trump backers and dispute their capacity to remove substantial sums of money.
“MAGA supporters couldn’t possible generate a bank run,” user @stmdc wrote. “They vave not deposits to withdraw. What little money they have has been spent on Trump picture books, various ‘own the libs’ t-shirts and 20 cases of freeze dried vegetable stew sitting in the garage.”
“I think it’s funny that they think their bank accounts could trigger anything,” another user @ThePhillyNick said.
Newsweek asked Trump campaign spokesman Steven Cheung for his insightful opinions because they were eager to hear the campaign’s viewpoint.
