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

[LiteCoinGuy]

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

https://www.youtube.com/watch?v=hcHmxQ-fnpc

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[NUFCrichard]

Fractional reserve banking isn't new or unknown!

I guess even those people who don't know about fractional reserve banking would be able to work out that their money isn't sat in a box somewhere waiting to be picked up!  Otherwise how would loans and debt work?

[xhomerx10]

That guy has a maniacal laugh.  Hard to believe he didn't know about the ratio before making the video.  Mike Maloney wants you to buy gold and silver.

Let me turn this around:

 In 2013 the average American debt was $225,000
 59% of Americans had less than $500 in the bank!

That's a ratio of 0.00222!!! LOL BWAhahahahahahahaHAHAha LOL!! (I'm not really laughing)

 In 1933 the gov't of the USA criminalized possession of monetary gold by Executive Order #6102 all citizens had to turn it in to the Federal Reserve for $20.68 per ounce or face penalties of up to $10,000 in fines, 10 years in prison or both under the "Trading with the Enemies Act of 1917".  LOL BWAhahahahahahahaHAHAha LOL!! (I might be laughing)

 Don't waste your time on the video.

[Denker]

That guy has a maniacal laugh.  Hard to believe he didn't know about the ratio before making the video.  Mike Maloney wants you to buy gold and silver.

Let me turn this around:

 In 2013 the average American debt was $225,000
 59% of Americans had less than $500 in the bank!

That's a ratio of 0.00222!!! LOL BWAhahahahahahahaHAHAha LOL!! (I'm not really laughing)

 In 1933 the gov't of the USA criminalized possession of monetary gold by Executive Order #6102 all citizens had to turn it in to the Federal Reserve for $20.68 per ounce or face penalties of up to $10,000 in fines, 10 years in prison or both under the "Trading with the Enemies Act of 1917".  LOL BWAhahahahahahahaHAHAha LOL!! (I might be laughing)

 Don't waste your time on the video.

Sure Mike Maloney is a businessman in first place!And therefore he wants to make money.
But that doesn't mean the points he talks about in the video are wrong.
In our space are also people who try to show the people out there how rigged our markets are and how broken the financial system is.And what they name as a way out is Bitcoin!Or other cryptos!Nothing wrong about that as long as the stick with the truth!

[xhomerx10]

That guy has a maniacal laugh.  Hard to believe he didn't know about the ratio before making the video.  Mike Maloney wants you to buy gold and silver.

Let me turn this around:

 In 2013 the average American debt was $225,000
 59% of Americans had less than $500 in the bank!

That's a ratio of 0.00222!!! LOL BWAhahahahahahahaHAHAha LOL!! (I'm not really laughing)

 In 1933 the gov't of the USA criminalized possession of monetary gold by Executive Order #6102 all citizens had to turn it in to the Federal Reserve for $20.68 per ounce or face penalties of up to $10,000 in fines, 10 years in prison or both under the "Trading with the Enemies Act of 1917".  LOL BWAhahahahahahahaHAHAha LOL!! (I might be laughing)

 Don't waste your time on the video.

Sure Mike Maloney is a businessman in first place!And therefore he wants to make money.
But that doesn't mean the points he talks about in the video are wrong.
In our space are also people who try to show the people out there how rigged our markets are and how broken the financial system is.And what they name as a way out is Bitcoin!Or other cryptos!Nothing wrong about that as long as the stick with the truth!

 Oh sure not everything is wrong but the precious metals market is equally rigged from bank intervention to overzealous selling of options.  It's just as much of a sham as Mike would have you believe the fractional reserve system is. (insert maniacal laugh here)