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What if the Bank runs out of money?

Posted by Aeronca 2 weeks, 2 days ago to Economics
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Required board game Economics knowledge to be permitted to be hired into the government.
SOURCE URL: https://twitter.com/NuriBanking/status/746659412446748672/photo/1


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  • Posted by mhubb 2 weeks, 2 days ago
    when the "money" we use is just numbers on paper, just add a zero to the end of what each bank has as backup

    problem solved

    most people have no clue that the world is on the edge of a depression that will make the Great Depression look like a picnic....

    and the clowns in most governments are trying to shut down REAL production::
    energy
    food
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  • Posted by $ allosaur 2 weeks, 2 days ago
    Right off the bat me dino figured "print more money" is the answer to that question.
    I know we will always have paper because I recall Rush Limbaugh saying during the Nineties that the USA has more trees than when the Pilgrims came over "because trees are a renewable resource."
    Nevertheless, in me dino's humble opinion, common sense is not.
    Why?
    https://www.usdebtclock.org/
    And you can't fix stupid.
    Debt ceiling? What debt ceiling?
    I remember a Vice President Biden telling someone we can pay our way out of debt.
    That impressed me dino so much that I recall him sitting in a chair and facing left on my TV screen when he said that stupid Schiff with a smile on his profiled head full of rot.
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  • Posted by $ blarman 2 weeks, 1 day ago
    The banks have already run out of money precisely because they keep printing more. They intentionally devalue and destroy the real value represented in currency.
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  • Posted by Flootus5 2 weeks ago
    Gold. I have been in the real gold mining business since the early 80's. It pisses me off that the crypto business has hijacked the real terms of "mining" and "minting" to try and make it seem legitimate. Just try hiding your cryptos under the mattress or in the backyard.
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    • Posted by 2 weeks ago
      Yeah good point. Hosting transactions of bitcoin to earn bitcoin doesn't really deserve the term 'mining.'
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      • Posted by term2 2 weeks ago
        bitcoin isnt worth anymore than the us dollar at this point. nothing.
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        • Posted by $ TomB666 1 week, 6 days ago
          My uncle was a car dealer in the 1930s-1950s. As a child I asked him "What is a used car worth?" and he told me: "Whatever you can get for it." I've remembered that for over 70 years and it applies to everything including bitcoin. If someone is willing to give you $x for a bitcoin then that is what it is worth - and the $ is as worthless as the bitcoin. Until Nixon took us off silver, a dollar had been worth something useful. Now it's whatever you can get.
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