>>60690807
When you go to the bank or the ATM to withdraw cash, you're actually asking to have your fictional cash and coins, which only exist as digits on the digital ledger of your bank, exchanged for physical cash and coins.
Regardless of your opinion on central banks, all non-central banking is legalised fraud because non-central banks issue (create and introduce into circulation) fictional cash and coins by pretending to "lend" it to willing borrowers, who then spend it into the economy, and lying to everyone in society that that fictional cash and coins actually physically exists or is backed by existing physical cash and coins in the same actual amount. Not the case. And this is all somehow ((("legal"))) because jews lying to non-jews and deceiving them and robbing them is perfectly fine as far as jews are concerned.
However, although most banks, in most places, will allow you to exchange your fictional fiat currency notes and coins for physical fiat currency notes and coins, they will put a daily limit on how much of the first type of fiat currency you can exchange for the latter. Or, if you want to exchange large amounts, they'll make you schedule the withdrawal days to weeks in advance. And in some of the most pozzed and jewed jew world order shitholes, which are the 5 eyes countries, banks are starting to outright refuse to allow you to withdraw your cash (actually exchange your fictional cash and coins for physical ones) as steps are being taken to get rid of cash altogether there.
Without cash, bank runs aren't possible because there is no physical cash and coins you can request to have your fictional cash and coins exchanged for when you try and "withdraw" some of your cash you think exists in the bank vault. With bank runs being impossible, every non-central bank becomes its own central bank, with no limit on digital fiat currency creation. Especially combined with de facto or (in the case of the US, de jure since 2020) zero reserve requirements.

>>509908235
>Why do you think they all want to ban cash and push everything digital
1. To be able to cancel/unperson undesirables.
2. To no longer need to keep up the charade of banking being a legitimate business and not merely legalised fraud.
3. To be able to deny you the ability to park fiat currency out of circulation as savings. Which, in turn, requires creation of additional new fiat currency to replace it in circulation.
4. To be able to control if, when and what you spend your money on and what you may not spend money on at all or only at certain times.
5. To track every transaction.
>It's easy control of inflation
Another simpleton take.
>Too much money in the system? Let's just start stealing money from deposits like they did in Cyprus (though these subhumans deserved it for allowing russniggers on their shitty little island)
1. The money in the bank is not real. It's fiction. Banning cash means moving to an all fiat currency system where fiat is purely and exclusively fictional.
2. The fictional fiat currency sitting in the bank is not contributing to inflation unless and until introduced into circulation.
3. Deposits come out of loans and not the other way around.

>>509270945
When you go to the bank or the ATM to withdraw cash, you're actually asking to have your fictional cash and coins, which only exist as digits on the digital ledger of your bank, exchanged for physical cash and coins.
Regardless of your opinion on central banks, all non-central banking is legalised fraud because non-central banks issue (create and introduce into circulation) fictional cash and coins by pretending to "lend" it to willing borrowers, who then spend it into the economy, and lying to everyone in society that that fictional cash and coins actually physically exists or is backed by existing physical cash and coins in the same actual amount. Not the case. And this is all somehow ((("legal"))) because jews lying to non-jews and deceiving them and robbing them is perfectly fine as far as jews are concerned.
However, although most banks, in most places, will allow you to exchange your fictional fiat currency notes and coins for physical fiat currency notes and coins, they will put a daily limit on how much of the first type of fiat currency you can exchange for the latter. Or, if you want to exchange large amounts, they'll make you schedule the withdrawal days to weeks in advance. And in some of the most pozzed and jewed jew world order shitholes, which are the 5 eyes countries, banks are starting to outright refuse to allow you to withdraw your cash (actually exchange your fictional cash and coins for physical ones) as steps are being taken to get rid of cash altogether there.
Without cash, bank runs aren't possible because there is no physical cash and coins you can request to have your fictional cash and coins exchanged for when you try and "withdraw" some of your cash you think exists in the bank vault. With bank runs being impossible, every non-central bank becomes its own central bank, with no limit on digital fiat currency creation. Especially combined with de facto or (in the case of the US, de jure since 2020) zero reserve requirements.

>>509231569
>allowing housing as an ''investment'' was a mistake that our younger generations are suffering with
Capitalism itself was, has been and is the mistake.

>>508903767
Further increasing the pressure to print more and ever faster is the propensity of a large part of the population and also some corporations and businesses to NOT spend all the fiat currency they receive as wages, dividends, rents, royalties or payments for goods sold or services rendered as soon as they receive said fiat currency. And instead electing to sit on part of their income as fiat currency savings in a bank. Which parks that fiat currency out of circulation, at least for a while, and thus contracts the circulating supply of fiat currency by expanding the parked supply of fiat currency. Which, in turn, makes it necessary for new fiat currency to be created and injected into circulation (by giving it to people and businesses who don't have fiat currency they would nevertheless like to spend and are willing to borrow it from a bank in order to spend it) to replace, in circulation, the fiat currency which has been parked, out of circulation, by people and business who keep at least part of their savings as fiat currency in a bank.
Yet another intrinsic, fundamental, systemic problem of the capitalist model is that fiat currency flows within it are uneven and asymmetric. For example, people pay more to businesses as payment for their goods or services than people receive back from businesses as wages, dividends, rent or royalties. This is because ALL businesses have at least expenses towards other businesses, such as suppliers and subcontractors, utilities companies. This means that people, as a whole and as a class of economic agent, pay more, on average, to businesses, as a whole and as a class of economic agent, than businesses pay back to people as wages, dividends, rent or royalties. The difference has to be perpetually made up from and through consumer credit. Which is people constantly borrowing money to make up the shortfall/discrepancy between what they need to pay for goods and services they need or want and what they themselves are paid.

>>508791846
>The US during gold standard?
lol. You actually think the gold standard wasn't a fiat currency or that it prevented perpetual geometric growth of the money supply?
Holy fucking shit, no wonder you can't follow along.
Why do you think they kept re-valuing the dollar or the pound sterling to gold? Why was the revaluation always in one direction (fewer ounces of gold per unit of currency)? Why do you think the gold standard was eventually abolished altogether?
Because they couldn't keep up the farce that it wasn't fiat currency, that's why.
Besides, the precious metal standard is only used early in the life cycle of a fiat currency, when you have to convince the masses of idiots that the new fiat currency you want them to adopt and accept to replace the dying one with is totally not a fiat currency as well this time, goys! It's totally different this time, goys. We'll totally not issue more paper or digital claims to gold than we can do legitimately, at the official rate of backing in physical precious metal. And, if we do, you'll totally be able to catch us too, because we'll totally tell you the true actual amounts of precious metal providing backing and the true total amount of claims to that precious metal. We'll never ever lie about either of these, goy!
>All other economies using gold or silver as currency before that?
Hilarious. What is counterfeiting? What is reduction in the weight or the purity of the coins over time? What is switching to cheaper metals and alloys over time? What is switching to paper/plastic notes and completely worthless metal for the coins? What is switching to fictional paper/plastic notes and fictional coins?
>what we would consider mechanistically capitalist.
1. Who's "we"?
2. Capitalism is a for-financial-profit operated economy. That's it. All of its other attributes, properties and characteristics unavoidably derive from just that.