> This isn't your typical fractional reserve situation. The problem is that there isn't enough in the banks on a mark-to-market basis to cover withdrawals.
How are people going to withdraw money and not put it into another bank? This guy is just saying ridiculous shit for attention, there’s no way he’s this stupid.
Again, his thesis is that bank withdrawals will cause banks to collapse and hyperinflation. It’s not possible for this to happen, there’s not enough physical cash to cause banks to collapse from withdrawals, and if you take money out of a bank in a non-cash form, where will you put it?