It was recommended at End the Fed in April that we call July 3rd, 2009 a National Bank Run Holiday - you heard me right, pull all your money out of your checking accounts and cripple the banks where it would hurt them most, at the heart of their fractional reserve scheme. Of course, if you recall this charming story about the Guatemalan man arrested for declaring a bank run via Twitter, you might see where this would be a problem. No one wants to incite panic and the powers that be are working hard to silence critics. See also: ongoing lawsuit against blogger Mike Morgan - we are still on hold over at GoldmanSachs666 as Mike battles with Goldman rat lawyers for the right to criticize their brazen behavior. Don't trip, GS, when he's done we're coming for that ass and there isn't a damn thing you can do about it. Let the record reflect that Jr Deputy Accountant cannot wait to resume writing over at GS666 and is flying the anti-Goldman flag proudly in the meantime as always.

Market Ticker, as always, is ahead of the game. Consider this my public declaration that I will be participating in this event. Hit 'em where it hurts, right? I may not be able to stop the government from stealing my wealth via taxes and inflation but I can certainly do my part to disable the consumergasm machine. Bitches. No new hoodies for Adrienne, sorry.

Take it away, KD, you little diabolical genius you:

Look, we can rant and rave about market manipulation and government-sponsored games. We can petition the SEC, the FBI and Congress. We can demand that they stop it all we want.

But they haven't and likely won't until and unless America gets pissed off enough to force them to act.

So how do we make that happen, yet remain within the law?

Its not that hard, and in the intermediate and longer-term it would be incredibly positive for our economy and nation.

We go on a consumption strike until and unless our demands are met.

What are our demands? Here's the list:

• All the financial fraudsters are investigated, indicted, and prosecuted. This includes the con artists in CONgress who got "special deals" from Mozilo and his "Friends of Angelo" program (and who are blocking a subpoena to BofA as it would implicate them), it includes those past and current members of Government Sachs, and it includes all those other financial "professionals" who deceived Americans and others with their sale of toxic exploding mortgage products along with the securities supposedly backed by them.
• Glass-Steagall is restored, in full, and all the firms that can't exist under it are broken up. Period.
• The insider-trading that has become blatant and outrageous is prosecuted where illegal and where not, is made illegal and then prosecuted, with the focus being on the size of the scam. This includes obvious circumstances such as August 2007 (Bernanke's phone logs were FOIA'd) where trading patterns made clear that "certain someones" had foreknowledge of the discount rate cut along with Congresspeople who were briefed on the TARP and within hours or days made significant stock trades. Today if you're Martha Stewart you're prosecuted where if you make millions in an hour by exploiting government information "leaks" the SEC and FBI look the other way.
• The Government withdraws all of its backstopping of financial firms who created this mess. All of it. If you're a bank or other firm and did something imprudent, you fail. Period. This is true whether you're a small regional bank (as is happening now; 5 in the last week) or a big behemoth like Citibank or Bank Of America. No "special deals", no "special guarantees", nothing of the kind. If the government wishes to avoid "systemic risk" then the government regulators can do their damn job.
• The Fed disgorges all of its improperly-acquired MBS and other related securities. If it doesn't have a full-faith-and-credit guarantee and was bought, it is disgorged - period.
• The Fed agrees to full annual audits without exception.
• Those people inside government who conspired with certain bankers to cook the books, along with those in the banks who did so, go to jail. Our own Office of The Inspector General in the government has confirmed that there was an active conspiracy to break the law within the OTS, but not one indictment has been issued.
• Those who committed fraud in the creation of this economic mess, whether they be mortgage lenders, those who packaged up securities while intentionally omitting credit information, those in the real estate industry to pressed for appraisal fraud and others are investigated, prosecuted and if convicted jailed. All of them.
• Losses are born by those who made bad decisions, not the taxpayer generally. Those who made good decisions get to reap the benefits, while those who made bad decisions eat the losses. No exceptions.
• Government cuts the annual budget deficit to zero. If government wants to blow the money it has to have the money. If they can't raise the money they don't spend it. It is time to live within our means and hold government to account for its profligate spending along with promises of "benefits" they know they cannot actually deliver down the road such as Medicare Part D.

Until then the position of those who wish to join is simple: No non-essential purchases of anything are made. Period.

What's an essential purchase? Here's the list:

• Enough food to eat at home. No more eating out.
• Rent and utilities.
• Essential medical services.
• Enough fuel to get to and from work.

In addition any "excess withholding" is stopped; if you are getting a big fat refund from the IRS every year you are loaning the government your money at zero interest until April. Stop that; its stupid. Change your W4 so you get exactly nothing back or owe a tiny amount; if you pay estimates pay only that which you must and not one dime more.

Note that it is unlawful to use your W4 to intentionally under-withhold, but you are in fact not obligated to pay one more dime in tax than you actually owe. There is nothing wrong with adjusting withholding to match (as close as you reasonably can) your actual tax obligation.

Count me in, KD. What about you? Come on, America, we only get this chance once and if we don't pull this off, our kids are going to be wondering where our balls went. Is that what you want? Your grandkids to go "damn, they really sold us down the river with that deal, didn't they?"

I don't.

So let's hope my iPod and smartphone outlast the shenanigans.

I do not own a house. I do not own a car. I do not have excessive debt obligations. And I'm not stuffing my money in some BofA vault so they can make more risky loans - oh, didn't I tell you? $BAC offered someone near and dear to me a $600,000 loan to buy a condo in the Bay Area - someone with a previous bankruptcy only 10 years old, no assets to her name, and who has been on disability for the last two years. Yup. You read that correctly. And this is within the last, oh, three months. So what happened to that whole "lessons learned from the financial crisis" line? Who gives a shit when you've got a taxpayer backstop?

The time is now. Don't blow it, America, I'm counting on you to wake up and get this right.