Oddbean new post about login | logout had to look this up but its true. reserve ratio requirement is still at 0%. lmao. https://i.nostr.build/p0apWUrfaVZYvCM3.jpg
Wasn’t the requirement before this 1 percent ?
3%
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.
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
You need the right intermediate steps. Didn't you take the (A)ML training?
No, that's another reason they'd fire me
It was only 3% pre-COVID so it wasn't a huge change, but still pretty wild
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: https://www.federalreserve.gov/monetarypolicy/reservereq.htm
0-friction banking
Book Recommendation: https://m.primal.net/Kpje.jpg
TIL about 'Fictional Reserve Banking'. 😱 nostr:note1knwse5mn4wf4h0tkty55v946ywrteer0sm5xkv4zltkgx8s5g3tq0p9dt8
Zero reserve banking vs 21 million lol nostr:note1knwse5mn4wf4h0tkty55v946ywrteer0sm5xkv4zltkgx8s5g3tq0p9dt8
Definitely don't look at the Congressiona' Budget Reports for wording like "unsustainable" or similar.
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?" nostr:nevent1qqstfhgv6de6hy6mh4m9j22xz6az8p4uu3hcd6rtx2304myrrc2yg4spzpmhxue69uhkummnw3ezumt0d5hsygpjuxp8vd29p6ancknaztql3eajk52y8xkppfn7au7elkw9c68zg5psgqqqqqqs5xd5cs
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.
This way was born, overthrown and crashed on the Philadelphia axis https://ynet-pic1.yit.co.il/picserver5/crop_images/2024/09/14/yk14078236/yk14078236_0_44_860_485_0_large.jpg This began with Netanyahu's speech, where he claimed that only staying in the Philadelphi Corridor would prevent the smuggling of hostages to Iran and Yemen. The dramatic publication of the 'Jewish Chronicle' on the same plan by Sinwar, which was rejected by the Prime Minister's wife - and it turned out to be a complete failure. A senior officer: "This is the manipulation of the murder machine by the hostage families" https://www.ynet.co.il/news/article/yokra14078203
vmess://eyJhZGQiOiIxMDcuMTY3LjIwLjE4NCIsImFpZCI6NjQsImhvc3QiOiJ3d3cuMTUzMTQ2OTUueHl6IiwiaWQiOiI0MTgwNDhhZi1hMjkzLTRiOTktOWIwYy05OGNhMzU4MGRkMjQiLCJuZXQiOiJ3cyIsInBhdGgiOiJcL3BhdGhcLzE5MTAxOTA3MjkyNyIsInBvcnQiOjMwMDAwLCJ0bHMiOiJ0bHMiLCJ0eXBlIjoiYXV0byIsInNlY3VyaXR5IjoiYXV0byIsInNraXAtY2VydC12ZXJpZnkiOnRydWUsInNuaSI6IiIsInBzIjoiXHVkODNjXHVkZGZhXHVkODNjXHVkZGY4VVMgfCBcdWQ4M2RcdWRmZTIgfCB2bWVzcyB8IEBIb3BlX05ldCB8IDIifQ==
