So basically all the “money” in the banks are just numbers on the screen.What would happened

If everyone withdrew all their “money” in paper at once?

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None of the banks keep the amount of paper currency on hand to equal the deposits they manage.

The bigger question is what are you going to do to keep everyone from knocking you in the head with a rock and taking all your cash?

Nobody00 · F

I don’t think its that they don’t keep it “on hand” @SWisGoingWoke ....all that paper does not exist

SWisGoingWoke · M

@Nobody00 No argument. But my point still stands. Banks have never kept the amount of cash on hand to represent 100% of their deposits.

SWisGoingWoke · M

@Nobody00 Question #2: Why is a dollar worth a dollar? Because we all agree it is. But if the gooberment says, tomorrow, that your dollar is worth 10 cents, then how are you gonna stop them? Answer: You can't.

Mindful · 56-60, F

@SWisGoingWoke shhhhh stop spreading potential insanity 🤣

SWisGoingWoke · M

@Mindful Sorry. But if you really want your head to hurt, just remember that no matter how much money you have, it can all be gone in a flash. You can't trust money.

What you CAN trust is God.

Mindful · 56-60, F

💜 awwwwwwwwwww thank you!!!! And yes, you are 100% correct@SWisGoingWoke