> > I can easily imagine this being weaponized by short sellers and foreign actors. There is nothing to weaponize. If we taught the basics of finance everybody

> > I can easily imagine this being weaponized by short sellers and foreign actors. There is nothing to weaponize. If we taught the basics of finance everybody would know that the money you have in the bank is not yours but they are a IOU from the bank. And if you wire them out to another account that you hold with another bank that is going to still be an IOU aelbit from a different bank. The only true and true money guaranteed by the Federal Reserve is the Federal Reserve Note. All the rest is an IOU. We accept to deal in IOUs because physical transportation, storage and protection of physical notes would be a nightmare, but still the nightmare can AND WILL show up for somebody randomly in the sample of participants in the form of insolvency of the banking institution issuing their IOUs. It's all very clear and also the reason why some people refuse to deal with banks and opt for cash transactions and metals. Not to mention the hard assets such as water, gasoline, weapons, animals, vehicles, real estate etc. These people seem loons 364 days out of 365, but there is a reason why evoloution put that seed thought inside their brains.