Fri Jan 12 02:50:42 2024
(*4cfb807c*)::
(*71144c1d*):: This is cute. During COVID, the Federal Reserve lowered the required reserve ratio in the United States from 10% to 0%, and it has not been changed back since.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
*** Reserve Requirements
*** The Federal Reserve Board of Governors in Washington DC.
*** federalreserve.gov
(*4297a328*):: +public!
(*4cfb807c*):: So… Zero reserve banking!
(*4297a328*):: Federal “we literally dont” reserve anything
(*6952cd93*):: who needs reserves when we can print, baby!!! brrrrrr
(*4cfb807c*)::
(*71144c1d*):: This is cute. During COVID, the Federal Reserve lowered the required reserve ratio in the United States from 10% to 0%, and it has not been changed back since.
https://www.federalreserve.gov/monetarypolicy/reservereq.htm
*** Reserve Requirements
*** The Federal Reserve Board of Governors in Washington DC.
*** federalreserve.gov
(*4297a328*):: +public!
(*4cfb807c*):: So… Zero reserve banking!
(*4297a328*):: Federal “we literally dont” reserve anything
(*71144c1d*)::
