What Happens If Everybody Pulls Their Money Out Of The Bank Today? - Mike Maloney

For every dollar that you have in the bank there is actually 0.00061 dollars available...in other words, there's 6 cents for every $100 dollars of deposits that you have at the bank. Got Gold? Got silver?






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and that means that for every dollar that you have in the bank
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there is actually 0.000011% thats other words there's six cents for every $100
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of deposits that you have at the bank they can actually pay out six cents
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worth of cash on $100
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hi this is Mike Maloney and this is a follow-up to a video I made a couple of
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weeks ago when I end up with was showing how much currency is available if
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everybody was to go to the bank today and withdraw all of their funds the
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thing is that banking is very very convoluted and so I wanted to dig a
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little bit deeper into that for everybody and show you just how
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convoluted this gets this is based money and I have talked about or base currency
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is the proper term they call it the monetary base but its base currency it's
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not money but this goes all the way back to 1918 so this is when the Federal
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Reserve started publishing or started collecting all their data and I can zoom
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in on this never left it the long view of it because I like to see the
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recession bars and how regular that recessions are and point out that we're
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due for a recession but this base money is the currency that's in circulation
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out in the public
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plus the reserves that banks carry they either carry those reserves as want cash
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or they carry it as deposits at the federal reserve so the commercial banks
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all have accounts at the Federal Reserve and so I want to take a look at the
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reserves so of base currency when you deduct this is 3.9 trillion and you
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deduct the currency that's in circulation basically two point six
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trillion is held as reserves the total reserves at depository institutions is
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2.5 to basically trillion that's at banks there's some reserves held
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elsewhere I don't know where but the difference between this figure and this
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figure is that this figure is a measurement of just what's in the banks
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or in the bank's accounts at the Federal Reserve
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now one thing that's it that's really interesting if you look at the total
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reserves of depository institutions that I just threw their this in here because
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I stumbled across this these are reserves that are non borrowed so
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they're not owed back to they were they weren't whipped up a note back and the
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only difference here is you see that it goes negative during that crisis of 2008
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so all of this was borrowed the banks have to have a certain percentage of
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these reserves are reserves that are against loans they used those in
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fractional reserve banking they have to have a certain amount of dollars in the
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vaults or on deposit with the Fed in order to create loans off of those
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dollars that they have in reserve so the banks were basically bankrupt during the
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crisis of 2008 and this shows it that they didn't have the reserves the
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deposits to be able to pay this out and they had to borrow that from the Fed all
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of this stuff that we're the banks went negative their banks were upside down
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during the crisis of 2008 but to get back to this these are their required
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reserve balances and of that 2.52 trillion only ninety billion is
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currently ninety two point seven billion is currently required for the banks to
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have that backing up the loans that they have created on top of this these the
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required reserves that they have to have
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have and then so if you deduct the required reserves from the reserves you
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end up with excess reserves of depository institution so these are the
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excess reserves that the banks have that they can actually pay out and this is is
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2.3 6 2.37 trillion and I took this you know divided it by instead of using
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to did last time m2 is the current broadest measure of the currency supply
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but they used to publish before March of 2006 they published m3 and that was the
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broadest measure of the currency supply and there's a couple of people that
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calculate and three one of them is John Williams of shadow government statistics
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i subscribe to his wit his services and right now he says that m3 stands at 17
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trillion two hundred and forty billion so damn to that I was when I did these
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calculations and the video a couple of weeks ago I was using m2 m2 is at 12
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points something trillion I don't remember exactly what it was two weeks
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ago but it was at 12 something trillion so this is taking the entire currency
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supply the broadest measure is everybody went to all of the banks and brokerage
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houses and asked for their currency and they wanted it in hundred dollar bills
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how much could you get well if you take the excess reserves and if you take that
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and divided by m3 there's actually about 13 cents it's closer to 14 13.7 cents
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for every dollar that we have deposited that we could get back but you couldn't
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get this back like tomorrow you couldn't go in there tomorrow or today and ask
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for your currency and get that back because most of this is just digits that
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are floating around in the computers of the Federal Reserve
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these are most of this excess reserves is held in the commercial banks accounts
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at the federal reserve so what I showed last time was vote cash in when I showed
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it a couple of weeks ago it was 73 billion now in sixty 9.8 billion dollars
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and that's because of this seasonality thing it peaks in January and then
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starts to fall in these numbers are as of March we don't have the april numbers
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yet because a this is a monthly chart in April isn't data is in the last time
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that I compiled this it was as January in the last video so we're at sixty 9.8
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except some of these this some of the dollars that are in the vaults are also
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pledged against loans they were used to create fictitious dollars that didn't
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exist when somebody signs their name to a mortgage or an auto loan or credit
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card or any time that a bank is going to create currency through fare fractional
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reserve lending some of the time they have to have dollars in the bank to back
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up this loan that they are creating I say some of the time the reserve ratios
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believe are 10 percent for the first three million that a bank loans and then
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it drops to 3 percent for the next 73 million or something like that and then
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after that there's no reserve they just get to create unlimited dollars and you
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can find out the actual figures it's on the Fed's website here you just have to
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poke around a bit but because some of this is pledged against loans it means
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that in the end that is brought cash used to satisfy required reserves so the
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69.8% three is pledged against loans that have been
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made so it's used to satisfy these required reserves so if they wanted to
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pay out any of these dollars what that means is that the bank that's paying it
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out
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would have to sell off the loans that are related to this cash used to satisfy
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required reserves to another bank or they would have to call in the loan
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which contracts the currency supply this deflationary that is what was happening
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during the great depression banks were paying out cash and they had to do so
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they had to contract their phones their loan book so what's left over
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shares vault cash surplus these are the dollars in the vaults of the banks that
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they can pay out two day against people coming in closing their accounts or
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asking for some of their actual cash in $100 bills and such and so there's
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actually only ten billion five hundred million that the banks can pay out
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against 17.24 trillion m3 and that means that if you don't want to wait for the
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Federal Reserve I mean you can wait for these excess reserves right here they've
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got these reserves in deposits at the Federal Reserve Banks and the banks can
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withdraw this and pay that out in $100 bills but how long is it gonna take the
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Bureau of Engraving to print 2.3 67 trillion dollars worth of $100 bills its
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thats I don't know if that measures in months or years of running the printing
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press but what they actually have to pay out today or tomorrow is just the 10.5
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15 billion and that means that for every dollar that you have in the bank
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there is actually
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dollars so that's other words there's six cents for every $100 of deposits
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that you have at the bank they can actually pay out six cents worth of cash
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on $100 and so has my friend Dennis Miller says the Federal Reserve Bank the
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only reserve they've got is they reserve the right to print because that's what
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they're going to have to do if you actually want some of your cash but what
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they would do before that is they would probably try to make cash illegal so
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that's it for this video if you felt that you got something out of this the
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education and so on please like this video and share it with anybody that you
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can thank you very much we'll see you next time



The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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Precious metals sank to 5-year lows during this past week. The long painful price decline that began at the end of 2011 still continues unabated. Holders of gold & silver are understandably wondering if their faith in precious metals has been misplaced.

In this week's podcast, we invite Mike Maloney back on the podcast. Mike is the owner of one of the largest bullion dealers in the US, GoldSilver.com, and one of the top minds we know of on monetary history. In this wide-ranging interview -- which announces the release of a new educational video, The Rollercoaster Crash, which kicks off Season 2 of GoldSilver's excellent video series Hidden Secrets of Money -- Mike lays out the rationale for an approaching global reset of the existing fiat currency regimes, and why asset-backed currencies are highly likely to return in our lifetime.






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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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 Don't invest in the market unless you're savvy.  The future is not the fed.  Look to PM's or crypto.










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one of the main reasons why BRIC countries like China are dumping US Dollars at record rates is simply geopolitical. The BRIC countries like China have their own goals in having their own free trade agreements and their own alternative International Monetary Fund-type of bank to go against the IMF world bank system. China trying to get in on the IMF SDR is simply their way of playing games and so that when they dump US Dollars it won't look like its politically motivated. The BRIC countries most likely have a unilateral agreement to dump US Dollars and we will it continue to increase among all other BRIC countries like India, Brazil, and Russia (which has already dumped US Dollars). This is their move to respond to the US/UK imperialistic world government agenda where they want to boss around any other country which is a challenge to their military and economic global hegemony as a superpower.











Just keep buying gold, silver and bitcoin. This is the best single action we can take right now to spare our family from the incoming (don't know how soon, but certain) stock market, food stamps, derivatives, unemployment, military spending, municipal debts, underfunded pensions,trade deficit, real estate, social security, national debt, dollar inflation, medicare, credit card debt, student debt, etc, bubbles pop.



The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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This chart of government employee growth is a real eye opener.....Great job on the Blob analogy Mike...





Government Grows like a Cancer - Mike Maloney

The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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o all the skeptics out there: no one is trying to sell you gold and silver. Gold and silver are still scarce chemical elements on earth (unlike diamonds, which can be lab-made today from basic carbons - most abundant elements on earth). Because these elements are finite, it makes sense to hedge your savings in them during hard times - their amounts will not be affected by financial crises. People tend to divert to these elements during market crashes. That's really all there is to it.



The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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 Here's an outtake from Season 2 of Hidden Secrets Of Money. Make sure you are signed up to the newsletter to be notified of Season 2's release!









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Join Mike Maloney as he discusses data on the dangerous situation Australia now finds itself in, especially in regards to China and exports.





The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more