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But if you think the 'unravel' explanation is silly, then you're wrong.

If the "yellow vests" pull all their money out of the bank, is your bank going to "call your mortgage"?

However, 'cash' with no real, material wealth underlying it just causes inflation - eventually hyperinflation.

The Fed created over $3.5 trillion after the crisis, where was the hyperinflation?

If the "yellow vests" pull all their money out of the bank, is your bank going to "call your mortgage"?

I don't have a mortgage, because I spend//borrow responsibly.

The situation is like this: If you deposit $100 in the bank, they immediately lend out $95 in loans to others. With a thousand depositors, they retain $5000 in cash reserves, and if you want your $100 back, they can give it to you.

But if all thousand depositors want their money back at the same time, the bank has to call in the outstanding loans to pay them. And if sovereign governments are the biggest debtors (as they are) then the bank calls in the loans on the government. Who have no choice but to 'create' more money to pay the money back.

Along the way, the bank (or the other lending institutions which are all linked together) will call in mortgages. But, as was shown in the so-called Savings and Loan crisis of 2008 (actually due to the Community Reinvestment Act), the mortgage money itself is ultimately guaranteed by - and therefore in essence borrowed from (in the form of FNMA, etc.) - the federal government. So again, the only way to repay the loan is if the federal government does it.

$3.5 trillion is a huge amount by my standards, but when it only amounts to less than 10% of GDP (spread over a few years) it's not enough to trigger hyperinflation. But if you think prices are not going up, then you must not do your own shopping. If they had to print (or create electronically) $25 trillion in one year, do you really think prices wouldn't go crazy?

The only reason we're not seeing large inflation right now (meaning, 10% per year) is because the Feds are cooking the books by changing what is counted in the consumer price index to make it seem low. If inflation were recognized as 10% plus, then loan rates would be at least 10%, and the loan payments on the national debt would be unsustainable. As it is, people still believe that - someday, somehow - the federal government will pay off their debts so treasury notes are still worth something. But that is not guaranteed forever.