18 ms·
all banks in the western capitalist regime will fail with the exact same problem. there is no modern western bank that is capitalized 100% - if everyone goes t
by barkingcat 4y ago
all banks in the western capitalist regime will fail with the exact same problem.
there is no modern western bank that is capitalized 100% - if everyone goes to every single bank and withdraws their money, the entire western economy collapses.
it's up to the depositors (the customers) to know that if they withdraw 100% of their cash, the entire system collapses.
as a human living in the current era, you either buy into this, or you go and live in a compound with gold bricks and weapons stashed in the basement, or you become a cryptobro, or you become like Russia and start wars to gather resources and land.