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Originally posted by ratsinacage
im no economist but since money is made up anyway and the banks that have it loan it out with fractional reserve banking and most 'money' on the books is only digital seems to me a bank run would be mostly symbolic and the people would suffer the most from doing it. Additionally, even if the actual printed money had value as soon as everyone withdraws it and causes the economy to grind to a halt or nearly so then the money would begin to lose value anyway since the supply chain would be interrupted and since you cant eat money the people with real goods would no longer trade those goods for the worthless paper or coinage.
i say beat them at their own game....become as self sufficient as you can and encourage everyone you know to do the same. Play their game long enough to reach your goal.
What do the rich do with their 'money' ? They buy something with it as quickly as possible. Its like a game of hot potato.....they get rid of that so called 'money' as quickly as possible and purchase something with intrinsic value, realestate, production capability, etc.....real goods. We should all follow their example!
Originally posted by syrinx high priest
credit unions !!!!!!
Originally posted by ratsinacage
im no economist but since money is made up anyway and the banks that have it loan it out with fractional reserve banking and most 'money' on the books is only digital seems to me a bank run would be mostly symbolic and the people would suffer the most from doing it. Additionally, even if the actual printed money had value as soon as everyone withdraws it and causes the economy to grind to a halt or nearly so then the money would begin to lose value anyway since the supply chain would be interrupted and since you cant eat money the people with real goods would no longer trade those goods for the worthless paper or coinage.
i say beat them at their own game....become as self sufficient as you can and encourage everyone you know to do the same. Play their game long enough to reach your goal.
What do the rich do with their 'money' ? They buy something with it as quickly as possible. Its like a game of hot potato.....they get rid of that so called 'money' as quickly as possible and purchase something with intrinsic value, realestate, production capability, etc.....real goods. We should all follow their example!