if we all claim our money at the same time, banks are going to collapse. why is money worth anything? (if so)?

Answer 1

The Central bank has reserves, often gold and foreign currencies against money that they've printed and issued. Banks will not "collapse", they will just run out if everybody wanted their cash immediately.

Answer 2

The money you use today is called fiat money. It is money because government says that it is. This is the case world wide. This has been the case for several decades. This is why we have inflation.
Historically, gold and silver have been used as money, with copper or bronze coins serving as pocket change. Real money has real value, or can be redeemed for a fixed amount of that value. The dollar was valued at $20.67 per ounce of gold. In 1933, FDR demanded that Americans turn in their gold. After the gold had been turned in, the dollar was now defined as $33.00 per ounce, but Americans were forbidden to own gold. Richard Nixon removed any connection between the dollar and gold. So, as you can see, there is no practical restriction on the amount of dollars in circulation, since they can't be redeemed for anything.
The way that dollars come into circulation is not understood by most people. What happens is that when the U.S. government spends more than it receives in taxes, it sells Treasury Bonds to the Federal Reserve. The Federal Reserve is the central bank of the US. It was created by Congress, but is not a government entity. The Federal Reserve pays for these securities with Federal Reserve notes that it creates out of nothing. The Federal Reserve earns interest on the securities that it purchased, and the U.S. Treasury now has more Federal Reserve Notes to spend. Just as in counterfeiting, the first user of new currency benefits, but everyone else looses because the purchasing power of the dollar is diminished by the law of supply and demand (more dollars=less purchasing power).
So, to get back to your question, if everyone drew out their money at the same time, it would require more currency (FRNs). The gov't would sell more bonds to the Federal Reserve, they would issue more FRN's and you would notice a sharp increase in inflation as prices and wages were forced up.

Answer 3

The Hawians saw this problem in our culture. Money makes it possible for some to accumulate more assets than they can actually use and then use that to purchase power over others.
You point out he best way to have a revolution. No blood shed. Just let them keep their wothless paer and go on without them. It would be difficult at first but truly money is at the root of organized evil.

Answer 4

Money was originally based on the value of gold. Gold has long been the mineral used to value trade and wealth since the beginning of commerce. The worth of money, though, is a personal thing, though. I might value $25.00 more highly than someone who makes 1 million a year. It's all relative. In reality, the only thing of importance is how we treat one another.

Answer 5

More importantly....what's this doing in religion & spirituality?

Unless money is your religion.

Answer 6

is it possible.money is worth if it is earned in the right way.