re: What if everyone globally withdrew their money from their bank?

Did you just get your first paycheck and see how much was taken out in taxes or something???

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So banks “pretend” to have money they don’t have? Is there many people in the world with money they think they have with trillions “digital currency floating around? What does this mean exactly?

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Welcome to how we all felt when we figured out how fiat money in a fractal banking system works.

You can also be thrown in prison for not paying Uncle Sam the make believe money they decided you owe which can’t begin to make a dent in our debt.

It’s all a Ponzi scheme. Don’t overthink it, just enjoy your life until we all end up like the opening scene of Terminator 2.

Edit: the government also knows we are just the science experiment of aliens. But ignore that too.

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What if we never had banks to begin with?

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Then I'd come over and steal all the money out of from under your bed.

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So banks “pretend” to have money they don’t have?

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I know there are a million subjects that "should be taught" but extremely basic economics should be one of them.

The idea that there is a paper dollar behind every dollar in a bank account is something that should be extinguished by the age of 12 at most.

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So banks “pretend” to have money they don’t have? Is there many people in the world with money they think they have with trillions “digital currency floating around? What does this mean exactly?

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Do you know how banks work? Do you think they just have a big room in the back of the bank and they hold everyone's money in there? If that was the case, how would the bank make any money? How would it exist?

OP never watched It's A Wonderful Life.

OP is probably 17 years old

Banking system is a bubble waiting to pop

Stock market is also the biggest fraudulent bubble

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Total economic collapse


What if we never had banks to begin with?

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We have a pretty good idea on how that goes. That's pretty much all of human history until about, oh, the Renaissance in Italy or so.

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What if we never had banks to begin with?

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Then there would be very few people owning homes, owning cars, starting business, or any of the other enterprises that require you to have a lot of money to start/participate in.

I’m not a big fan of banks, especially massive, public banks that royally frick systems up including the federal reserve, but fractal reserve banking has allowed for greater access to credit and allowed for unprecedented economic development and expansion. A life with out fractal reserve banking would quite literally look a whole lot like VERY pre-renaissance Europe.