Australians certainly seem to be doing so according to Alexander Symonds (Australian Financial Review October 29th 2008)... “ CASH IS BACK UNDER BEDS...There’s a run on $100 notes but the Reserve Bank of Australia’s message is...don’t panic. Armaguard had advised small businesses it was short of $100 bills and expected to be for some time...wealthy people (are blamed for) walking into bank branches and withdrawing all their cash ‘to the point where we now have a $100 note shortage in Australia”.
The money was never there. Its the old Sabbatean entourage method... Money as Debt in a fractional Reserve system, meaning a bank can have 1 billion on deposit accounts and only have 100 Million in actual physical reserves.
That is why there are bank holidays... to give time to print some more... banks can and do create money OUT OF NOTHING having as collateral the borrower promise to pay... money that circulates as not cashable checks or transfers, that the borrower deposits on his account... and those can be derivative contracts with other banks...
The money was never there. Its the old Sabbatean entourage method... Money as Debt in a fractional Reserve system, meaning a bank can have 1 billion on deposit accounts and only have 100 Million in actual physical reserves.
http://video.google.com/videoplay?docid=6433985877267580603&q=money+as+dept
That is why there are bank holidays... to give time to print some more... banks can and do create money OUT OF NOTHING having as collateral the borrower promise to pay... money that circulates as not cashable checks or transfers, that the borrower deposits on his account... and those can be derivative contracts with other banks...