Posted by: itroll December 16, 2013
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Okay there is $1.4 trillion in circulation. To put that in perspective apple has $140 billion in cash pile worldwide and out of which $40 in USA. Microsoft has almost half of what apple has.
So $5 billion is still relatively low. But if you were to take that out all at once from one industry at once. Let's say the fast food industry owes you $5 billion and you take all of it the fast food industry would have a significant impact with cash flows. They might not be able to pay their suppliers emoloyes and bills. So they might have to shut down their operations. There might not be much investments.Employees might lose their jobs and yes it might effect the economy.
But if you have $5 billion in bank and you withdraw and lock down in your basement, it will have no impact at all.
By the way how big is your basement?
So $5 billion is still relatively low. But if you were to take that out all at once from one industry at once. Let's say the fast food industry owes you $5 billion and you take all of it the fast food industry would have a significant impact with cash flows. They might not be able to pay their suppliers emoloyes and bills. So they might have to shut down their operations. There might not be much investments.Employees might lose their jobs and yes it might effect the economy.
But if you have $5 billion in bank and you withdraw and lock down in your basement, it will have no impact at all.
By the way how big is your basement?