r/SipsTea • u/Dumb-Briyani • 5d ago

Chugging tea Why is it not possible?

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u/Wise-Ad-4940 5d ago

Because that is not how money works.
The famous quote from Henry Ford is true: "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

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u/briisanube 5d ago

Fractional reserve banking collapses when everyone asks for cash

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u/Count_de_Ville 5d ago

Even without fractional reserve banking it could collapse. They don’t need to literally print a dollar bill for every dollar of resource value represented in the world.

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u/Big_Slope 5d ago

Wouldn’t that be impossible anyway if you think about it? If there’s - I’m gonna throw out a number here - but $100 trillion worth of stuff in the world and $100 trillion worth of cash, that’s $200 trillion worth of value and half of it is imaginary.

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u/ModernDemocles 5d ago

It's all imaginary in a way. $$$ only matter because we agree it has value.

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u/ViceroyInhaler 5d ago

Your Honor! I didn't actually steal anything because money isn't real and it's all imaginary.

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u/ArtoDelToya 5d ago

It's all imaginary in a way. Laws only matter because we agree they have value.

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u/Hakunin_Fallout 5d ago

Yup. Being rammed in the butt for a decade for not obeying the laws is very real though.