>How are people going to withdraw money and not put it into another bank? This guy is just saying ridiculous shit for attention, there’s no way he’s this stupid.
Maybe it goes something like this: AIUI the act of pulling money out of the banks will crash them, one by one. Along the way the government will continue to print to try to backstop it and restore confidence. The act of this just speeds up the demise. The money will get centralized to the GSIBs. But they have the same problem.
Maybe it goes something like this: AIUI the act of pulling money out of the banks will crash them, one by one. Along the way the government will continue to print to try to backstop it and restore confidence. The act of this just speeds up the demise. The money will get centralized to the GSIBs. But they have the same problem.