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The Water Cooler
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The Stock Market is Down ...
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<blockquote data-quote="cjjtulsa" data-source="post: 1980232" data-attributes="member: 6146"><p>Exactly - except that he's not actually printing. And it's why I've pulled most of my money out of the market, and won't put any more than I have to in the bank. There is far more "digital" dollars in the world than actual physical currency; what happens when people start to figure it out, panic, and try to pull their money out of the bank, and there's only a fraction of that cash that actually exists? So many people think they have money in the bank or in investments, but if they don't have anything physical or tangible, they don't have squat. As I say: "if it's not in your fist, it doesn't exist". With modern digital banking, it could be so, so easy to just revalue, or eliminate weath, so long as the masses keep their money in digital accounts.</p></blockquote><p></p>
[QUOTE="cjjtulsa, post: 1980232, member: 6146"] Exactly - except that he's not actually printing. And it's why I've pulled most of my money out of the market, and won't put any more than I have to in the bank. There is far more "digital" dollars in the world than actual physical currency; what happens when people start to figure it out, panic, and try to pull their money out of the bank, and there's only a fraction of that cash that actually exists? So many people think they have money in the bank or in investments, but if they don't have anything physical or tangible, they don't have squat. As I say: "if it's not in your fist, it doesn't exist". With modern digital banking, it could be so, so easy to just revalue, or eliminate weath, so long as the masses keep their money in digital accounts. [/QUOTE]
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