A Penny Bank Run!

What would it take to bring the banks to their knees?

Go to the bank and ask for your money, all of it or a portion of it, but request payment in pennies!

The reaction of the bank teller and the bank manager would be the same as if the bank was insolvent. You will be told that you can only extract a portion of what you requested.

If everyone then came in to extract that same portion in pennies the bank would have to close.

How fragile is the monetary system if banks would be forced to close their doors simply if people asked for a small percentage of their deposited money to be paid in pennies?

Who is to blame for this disgraceful condition? The Federal Reserve system and the politicians who use the central bank as their counterfeiter.

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