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Tarvold

19,106 Posts.

1209

30/03/24

18:45

Post #: 73125866
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Originally posted by johngalt815: ↑

If everybody withdrew $20 at the same time, the banks won't have enough cash to cover and there will be a bank run, resulting in government to bail out the banks to stabilise the financial system. This will expedite government's efforts to eliminate cash.

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$20 wouldn't be enough to do that, don't be ridiculous
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