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34 sats \ 0 replies \ @faithandcredit 13 Mar 2023 \ on: Daily discussion thread
Apparantly US banks only hold 15-20% of deposits as cash. So maybe this bank run is real and cant be contained. The result is that maybe 60-70% of the money supply will be wiped out. This is going to do some damage to various valuations to say the least. Its either that or hyper inflation and i think the powers that be have done a cost benefit analysis and figured wiping out a large chunk of the money supply is the optimal outcome out of the two options for them. But lets see.
Curious how to best protect one self from such an event.