Who needs all of those tellers anyways? Fact of the matter is that THE ONLY WAY for the Federal Reserve to avoid a run on banks is to close ALL banks and replace them with ATMs. Most of the industry is sustained by electronic tickers, timers and tapes, so why continue with the expense of minting? As mentioned here previously, our existing currency is so cheap and ugly that coin-like souvenirs in low traffic knick-knack shops fetch a higher price. Mark my words, this is the beginning of the end of paper and metallic money. And these two ”bank failures” are the first case studies in this operation.
p.s. Yes, whenever I predict economic collapse, I go on vacation for a week. Glad ya picked up on that.
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