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To: Texas Fossil

I can guarantee you if everyone tried to get cash for what they have in the bank. It is not there. They could never print enough. Most money is out in cyberspace. Cash is Cash.


19 posted on 05/29/2011 9:29:46 AM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: screaminsunshine

Get Cash?

Are you talking about paper money?

Of course they don’t keep that much on hand in the bank, but paper money is easily printed and cheap. The issue is purchasing power and “trust”, however miss-placed.

Gold always has a value, but most people will not accept Gold for payment of a bill, there is no immediate mechanism to convert it to something they run through their accounting system.


20 posted on 05/29/2011 9:36:29 AM PDT by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one)
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To: screaminsunshine
Cash may be cash, but it may also become worthless when the authorities who produce it do so to excess ... Cash in Hyperinflation


25 posted on 05/29/2011 9:40:56 AM PDT by JustTheTruth (Sometimes the Truth hurts so much that the masses refuse to face or accept the obvious.)
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