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Old 10-27-2015, 01:34 PM  
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Originally Posted by RummyBoy View Post
How can they pull out their cash if cash no longer exists?

That's the whole reason for the ban - to eventually remove cash from the system completely. Stops run on the banks but the banksters will say it stops money launding, fraud etc. In fact, a lot of banks are already starting to impose restrictions in many countries to gradually move towards this.

Forbes Welcome

Denmark Becomes First Country To Ban Cash | Your News Wire

HSBC imposes restrictions on large cash withdrawals - BBC News

Banks Are Now Rejecting Deposits... Is a Cash Ban Next? | Zero Hedge

You obviously are one of those that doesn't understand how the banking system works. If the banks are doing anything it's trying to get away from fractional reserves and into limitless lending (which they've pretty much already done illegally). The reserves/cash on hand (your money) is what allows them lend in multiples of 10+x$. Bank runs puts them below reserves and is what kills the bank. If they can get away from these reserves then they could care less how much you put in or take out as long as they have unrestrained lending powers. The reason those banks are imposing restrictions on withdrawals is so runs don't obviously crash the banks reserves (cash on hand). Getting rid of cash to the bank means getting rid of reserves....
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