Hedge fund manager Hugh Hendry has warned that the Biden administration is mulling a freeze on U.S. bank withdrawals amid the decline in M2 money supply – a benchmark measure of how much cash and cash-like assets is circulating in the U.S. economy.
Poster Comment:
Cash with drawl limits are imposed on all nations when their currency begins to hyperinflate. When your bank deposit is worthless, they let you take your money out of the bank.