learnaboutbit on Nostr: The fact that banks have a 0% reserve requirement is ridiculous. This means they can ...
The fact that banks have a 0% reserve requirement is ridiculous. This means they can basically lend out all of your money.
It shows just how extreme the credit-based financial system has become. The reserve requirement is at 0%, allowing banks to lend more money into the economy to help service existing debt and support credit markets, including the U.S. bond market.
When—or if—debt starts to collapse, I wouldn’t want to have a lot of money sitting in the bank.
#bankingcrisis #financialsystem #reserverequirement
Published at
2026-08-17 15:42:40 CESTEvent JSON
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