> they've almost eliminated the atms from my town. for most of the ones remaining, they've sneakily reduced the max withdrawal to 100 where it was 200+ for years. most of the screen-side buttons, used for specifying your withdrawal amount, no longer do anything in the interface any more because the range of withdrawal amounts have been eliminated most of the money supply doesn't actually exist as cash and coins. when banks "lend" or someone pays for something with a credit card or with a line of credit, new fictional cash gets created in the process which isn't backed by actually existing real physical cash in the bank vault. banks are allowed to deceive all of society that these digital promissory notes for cash and coins are the same thing as the cash and coins themselves. and they can be spent in place of cash and coins at the same rate (things don't cost more if you pay with digital promissory notes for cash and coins than they would if you paid with cash and coins). so, in the economy, this fictional cash behaves as if it existed physically, as if it was actual printed or minted. which is to say, creating more of this fictional cash is inflationary, just as printing or minting more physical cash or physical coins would be. but capitalism runs on fiat currency creation so all capitalist countries (which is all countries presently) function on fiat currency creation. either physical cash and coins or digital promissory notes for non existent physical cash and coins. the problem is that the bank runs clue the masses in to the fact that banking is legalised fraud which creates fictional cash and coins by pretending to lend it. and now there's so much fictional cash and coins and comparatively little physical cash and coins that bank runs are ever increasingly likely over time. so they want to phase cash out so this is no longer a concern. and just keep inflating the digital part of the money supply forever. so i bought physical silver to exit the scam.
Romania