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sneezy67
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The War on Cash: Your Deposit at the Bank Can be Converted to Equity If a Crisis Hits - Graham Summer - Gains Pains & Capital

If I could just get my family members to understand this.....#$%#$#%

Commented 3242 days ago

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Beginning of the headline :As we noted last week, one of the biggest problems for the Central Banks is actual physical cash. The financial system is predominantly comprised of digital money. Actual physical Dollars bills and coins only amount to $1.36 trillion. This is only a little over 10% of the $10 trillion sitting in bank accounts. And it’s a tiny fraction of the $20 trillion in stocks, $38 trillion in bonds and $58 trillion in credit instruments floating around the system. Suffice to say, if a significant percenta... Read More

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