Comments by "Gavin Mc" (@gavinmc5285) on "What happened with SVB is ‘pretty simple’: CIO Meb Faber" video.

  1. bank money goes into bank accounts. that's what the bank says anyway. i think. i haven't actually asked them but i'd assume that's what happens. got no reason to suppose otherwise. i mean, i know that when i make an application to open an account i have to make a deposit and then if i'm cleared under KYC i can sign on to the network and get all the privileges of being an account holder. and that after that i can just keep making deposit after deposit until i get so much money i can have the biggest account and then hopefully i can then invest in a safety deposit box or something like a vault to hold all the treasure that i've accumulated and then i can use the interest to invest in some tools to defend the holdings i've created and after that i can hire an accountant to check i've paid all my friends and my special friends what it is that i owe them. and happy days. so, about that account...
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  2. what about food? do we need to grow our own now? what if we haven't planted yet?
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  3. i thought it was forrest that ran?
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  4.  @danielwoldu1855  i'd guess over time it gets transferred from medium of exchange to store of value and since cash is always the highest common default of the liquidity medium of exchange options it simply gets used up to the point that it becomes redundant to continue transactions with unless converted into new stores of value. eventually the missing has to be accounted for and that usually requires a market adjustment to redress the imbalance.
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  5.  @danielwoldu1855  sterling cash more likely given my limited experience of the uk takeaway history
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  6. if everyone still alive in the living history of bank account holdings followed this great piece of advice all at the same then it might still work
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