The Sobering Reality of What Would Happen if Everyone Pulled Their Money Out of the Bank Today?
For every dollar that you have in the bank there is actually 0.00061 dollars available…in other words, there’s 6 cents for every $100 dollars of deposits that you have at the bank. Got Gold? Got silver?
What the heck would happen if you and all your neighbors and everyone in your community converged at the bank at once to pull all their cash out? Let’s just say you don’t wanna be the one without a chair when the music stops…Oh…and the music WILL stop!!
What Happens If Everybody Pulls Their Money Out Of The Bank Today? – Mike Maloney
Here is a movie depiction of how panicked people would be.
It’s A Wonderful Life Bank Run
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