/biz/ - Business & Finance

what I'm more concerned about is how most of this money is virtual
if everyone went out and withdrew all the money in their accounts (bank run), there wouldn't be enough paper money to back this up. all the trillions of dollars are assets (land, buildings, factories, equipment, etc) plus, more concerning, work hours over the past decades (which were earned, then spent back into those huge banks' accounts). normally consumable goods lose their worth over time, but the part of the money that represents the work hours doesn't have that kind of expiration. it keeps piling up and piling up and piling up, and dissolving the value of the currency.

frankly it feels like a stack of cards that's reached the 200th floor and is on the verge of collapsing from the slightest breeze