I received a photo from a long line of cars at a bank ATM from someone today and it got me thinking. Why are people rushing to the bank to get cash?
Is it because 10 million people have filed for unemployment the past two weeks? Is it because those 10 million people won’t be making any more bank deposits? Is it because those 10 million people likely will have their credit card lines cut for non payment soon and they need to stock up on cash?
I wonder what happens when 10 million, 12 million, 15 million and on and on stop making bank deposits and stop making payments on loans, credit cards, mortgages, etc.
Hmm…I wonder what will happen………