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Thursday, March 28, 2024

What Happens If Everybody Pulls Their Money Out Of The Bank Today?

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

For every dollar that you have in the bank there is actually 0.00061 dollars available…in other words, there’s 6 cents for every $100 dollars of deposits that you have at the bank.

As Mike Maloney explains in this brief clip, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it.

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