[djf]

I read somewhere that only something like 2 percent of the “money” out there is actual dollar bills.

Almost all of it is stocks, money market accounts, pension funds, blah blah blah basically fake money.

So no matter what, there’s not enough money to cover the “money”.

And if everyone was to run to the bank to take out all their C-Notes, the bank would be closed in like 15 minutes.

[bert]

.....basically fake money.....

Actually, all money is now electronic blips on a ledger. The bills are merely physical representations of the ledger entries. Electrons are invisible and nearly impossible to handle.

[101voodoo]

"I read somewhere that only something like 2 percent of the “money” out there is actual dollar bills."

Even the dollar bills are worthless if the faith in the government backing them is lost. In the end all they are is pretty pieces of paper with their REAL value determined by those in the marketplace who will decide if they will accept them in trade for the goods and services they offer.

[Toddsterpatriot]

I read somewhere that only something like 2 percent of the “money” out there is actual dollar bills.

Almost all of it is stocks, money market accounts, pension funds, blah blah blah basically fake money.

Fake money? When your paycheck hits your account via direct deposit, is that money less real than if you handed the bank a paycheck or a stack of bills?

Your written checks manage to pay your light bill, regardless of how the money entered your account.

So no matter what, there’s not enough money to cover the “money”.

How much of your net worth is held in FRNs? Less than 100%? Why?

And if everyone was to run to the bank to take out all their C-Notes, the bank would be closed in like 15 minutes.

Quick, buy gold!