had to look this up but its true. reserve ratio requirement is still at 0%. lmao. 
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New name is better anyways: “fictional reserve banking”
Wasn’t the requirement before this 1 percent ?
Fiat gonna fiat
They also changed the definition of “savings” accounts and lifted penalties on frequent savings withdrawals.
Infinite money glitch.
study #bitcoin
had to look this up but its true. reserve ratio requirement is still at 0%. lmao.
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There are still capital requirements of 4 ~ 8%, so banks can't issue infinite loans. It's "value of the bank" versus "value of the deposits". Still seems fishy to me... They also redefined M2.
It was only 3% pre-COVID so it wasn't a huge change, but still pretty wild
3%
It’s so bad. I think it is not strange at all that bitcoiners question everything.
Good Saturday to u🙂☀️⚡️
Whoa...I also was unaware of this...but also checked it out:
Reserve Requirements
The Federal Reserve Board of Governors in Washington DC.
0-friction banking
FIAT= fictional reserve banking
BTC= fix-ional reserve banking
We also have no debt ceiling right now. That gets brought up again in January
I would just use the revenue from the loans to make the bank appear more valuable while I dump as much freshly-printed money as I can into bitcoin
The bank would fire me, but they don't fire bankers who think like me until the bitcoin part and then dump the money into bombing Gaza instead
TIL about 'Fictional Reserve Banking'. 😱
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The biggest misconceptions people have about their money stored in a bank:
1. It's not there
2. it's not theirs
3. It's not money
Definitely don't look at the Congressiona' Budget Reports for wording like "unsustainable" or similar.
You need the right intermediate steps. Didn't you take the (A)ML training?
No, that's another reason they'd fire me
They just do as they please.
Hasn't it been like this since 2012 or 2014?
holl up, leme call fort knox real quick... brb.
So...you're telling me I don't really have "money in the bank?"
had to look this up but its true. reserve ratio requirement is still at 0%. lmao.
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And people are up in arms about the Fed Reserve...
Commercial banks create money out of thin air every time you take out a mortgage, or get a car loan.
Commercial banks and 'Fictional' reserve banking are a bigger problem then the Fed.
End Fractional Reserve banking.
It’s clown’s worrrrld. It’s a clowwwwwwnnn’s world! 🤡