by Chris Black
Given that it happened in March of last year, I don’t know how I missed this. US banks have reserve requirements of ZERO.
Traditionally, banks have been required to keep a minimum amount of reserves on hand in case a bunch of people want to withdraw their funds at once.
It’s to act as a buffer against bank runs.
That buffer is now gone.
www.federalreserve.gov/monetarypolicy/reservereq.htm
Welcome to clown economy.
They tell us to ‘trust the doctors’ while the American Medical Association calls for the removal of sex from birth certificates, calling gender subjective, and the CDC uses terms like “pregnant people.”
Welcome to clown world.
Trending:
- Michael Burry Scatter Chart of the Coming Bank Failures
- We Are in the Eye of the Hurricane – What Happens Next?
- Here is a detailed list of privacy oriented Search Engines I’ve found that won’t leave information conveniently under the rug
- WSJ: Two Hundred Banks At Risk Of Bankruptcy
- Scientists sound the alarm as plastic waste forms rocks off coast of Brazil
- Cop car decides its had enough. Just runs over a bunch of people standing in its way…
- If Trump Is Arrested Next Week, He Will Win Re-Election in a Landslide
- 6th-grader is sentenced to 1-day-hard-labor for refusing to listen to CNN’s lies and propaganda.
- Stand Up Comedy Clip “Chinese Spy Balloon” by comedian Jim Breuer
- OPRAH STANDS TO LOSE $590 MILLION AFTER COLLAPSE OF SVB
Views: 13