Post
Topic
Board Bitcoin Discussion
Re: USD *is* a virtual currency
by
grndzero
on 11/07/2011, 17:03:24 UTC
Another non bitcoin thread. Admin please move this fed bash trash.

You have no idea how badly the dollar is going to fare in the next few months/years. It is only the beginning.

And to the other commenters point - try going into your bank and asking for your entire balance in cash. The answer might surprise you. (Assuming you have more than say, $1,000 in your balance.)

1 person asking for $1000 in cash isn't going to make a dent in a bank. 1000 people withdrawing $1000 might be a problem. I have personally taken $5k out of my bank in cash upon asking for it without a problem and I'm positive I could do it anytime. You vastly underestimate the holdings of a bank, they are required to keep a a certain amount of cash on hand just in case. That's why big banks have big safes, and small banks don't.