• 87Six@lemmy.zip
    link
    fedilink
    arrow-up
    4
    ·
    3 days ago

    That’s gotta be someone that died because of their debt and reincarnated as a mouse, no other way

  • wonderingwanderer@sopuli.xyz
    link
    fedilink
    arrow-up
    2
    arrow-down
    1
    ·
    3 days ago

    That cash is virtually meaningless, though. It basically doesn’t represent any value unless a person withdraws it. The only people potentially getting screwed here are the ones who tried to make a withdrawal and don’t receive any cash. Hopefully the machine sensed it was empty and didn’t deduct fromt their accounts.

    The bank didn’t lose any money. They’ll just have more printed to replace these. The petro dollar is a meaningless fiat.

      • wonderingwanderer@sopuli.xyz
        link
        fedilink
        arrow-up
        1
        arrow-down
        1
        ·
        2 days ago

        Do you think these bills actually got deducted from their accounts?

        Money is stored in computers these days, not bank notes. If the bank had $4,756,873,467,129 before the rats ate the bills out of the machine, the bank still has $4,756,873,467,129 after the rats eat the bills.

        The money gets deducted from the bank when a person makes a withdrawal, not when they refill the ATM.

        A bank note just means “the bank owes me this much and will therefore honor this as legal tender.” It’s meaningless before the bank actually issues it.

          • wonderingwanderer@sopuli.xyz
            link
            fedilink
            arrow-up
            1
            arrow-down
            1
            ·
            2 days ago

            To other banks, billionaires, and mega corporations? Yes.

            There might be some legal wrangling to keep the paper trails looking legit. Circular lending and all that. But that’s essentially what they’re doing.

              • wonderingwanderer@sopuli.xyz
                link
                fedilink
                arrow-up
                1
                arrow-down
                1
                ·
                2 days ago

                Sure, good luck with that. I suppose if you’re born into generational wealth and have hundreds of billionaire friends then it would be pretty easy to pull that off…