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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Wall St Journal reports about 200 other US Banks could repeat fate of Silicon Valley Bank. $300B at risk!
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Poster Handle
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Anonymous Coward |
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Post Content
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All banks are going to fail! Wake up people! there’s only $2 trillion of actual US currency in circulation. There’s $22 trillion in deposits. Over 90% of deposits are just digital fake bullshit
Quoting: Anonymous Coward 80578546 Their solution to that is simple: Get rid of the 10% good part. Some of that $2 trillion must be in people's wallets and home safes and cash registers and black market related locations so the bank currency deposits are probably less than $2 trillion. What is the dollar value of Federal Reserve Notes in circulation? I doubt it is anywhere near 2T. It would be a good question to ask Siri or GPT - but I have yet to gain access to either of those services. (Neither is free and readily available. If they were I'd have them already - so stfu about that.) I'm thinking physical cash is closer to the 50 billion range NOT 2 trillion. Coin in silver or gold - forgitaboudit.
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