by Chris Black
How do you “lose” 100 billion in deposits exactly?
JUST IN – First Republic Bank share price plunges over 50% as it lost more than $100 billion in customer deposits. pic.twitter.com/O9yUg9vv7l
— Disclose.tv (@disclosetv) April 25, 2023
This is fractional reserve banking for you, babe.
A government-approved scam, i.e. conjuring funny money from thin air.
Now go pay your taxes and bite the bullet.
https://cointelegraph.com/news/why-isn-t-the-federal-reserve-requiring-banks-to-hold-depositors-cash
https://www.investopedia.com/terms/f/fractionalreservebanking.asp
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