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Unannounced to most people at least it didn't get a lot of press attention the federal reserve reduced the fractional banking requirement to zero in march of 2020. this means that a bank no longer has to have any percentage of deposit amounts in their bank or claimed in their bank in order to loan money out. they used to have to say have 1% or some percent of the total outstanding loans they had as actual deposits in their bank but now they can loan as much money as they want without any requirement of any actual deposits

Unannounced to most people at least it didn't get a lot of press attention the federal reserve reduced the fractional banking requirement to zero in march of 2020. this means that a bank no longer has to have any percentage of deposit amounts in their bank or claimed in their bank in order to loan money out. they used to have to say have 1% or some percent of the total outstanding loans they had as actual deposits in their bank but now they can loan as much money as they want without any requirement of any actual deposits

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[–] • 7 pts
  1. Open your own bank
  2. Deposit $1
  3. Loan your wife trillions of dollars and buy up everything.
  4. Profit.
[–] • 3 pts

Exactly. And I imagine that is exactly how many bankers are doing it. Not only that but it allows them to get leans against billions of dollars of property as they issue infinite amounts of loans to people if they default later

[–] • 3 pts

Precisely. $1 is more than the Federal Reserve started with so there's is already precedence for such a thing.

[–] • 2 pts

Deposit $1

Zero reserve requirements! Don't waste that dollar.

[–] • 1 pt

I want to pay myself interest so the bank can write it off as an expense. I need to keep some personal income so I can qualify for loans from my own bank in case of an audit.

[–] • 0 pt

Income is taxable. Give them nothing!

[–] • 4 pts

HOLY FUCK.

This happened at the height of the insanity of people being distracted by the rebranding of the seasonal flu.

This is actually incredible. Do NOT leave your money in USD people. It will be worth less daily until it is completely worthless. Dollars are now infinitely printable with no lip service to reserve. The Federal Reserve literally is not federal and has no reserves at all anymore. Wow.

[–] • 0 pt

I've been spending all my money on prepping lately. Now I need to save a bit up to get the fuck out of Cali.

[–] • 3 pts

Thank you for sharing this!

This action explains the hyperinflation. Banks are literally printing money.

[–] • 2 pts

They are establishing a new global reserve currency system in Switzerland.

This is called the Basel Accords:

https://www.investopedia.com/terms/b/basel_accord.asp

The idea is the global reserve currency system will become the financial foundation for all banking and the new global government.

Perhaps people think the global government is not real? They are the same people trying to destroy the USA and are the source of ALL of the chaos we now see.

Currently, the US dollar is the global reserve currency. Of course, if the US dollar was to be destroyed in a hyperinflation event, why then, of course, we would need a new global reserve currency.

Lucky for us they just happen to have been building a new one since 1974, and it's almost ready to be rolled out.

Hedge accordingly.

[–] • 1 pt

According to that paper the role out is planned for 2023. Makes you wonder if chaos will be cranked up to 11 until then. Pressing global demand for a fix like the UN and a new universal health agency and of course the new global currency.

[–] • 2 pts

They appear to be doing everything they can to burn the house down.

Global depression + bank crisis / frozen accounts = currency crash + stock market crash + real estate crash.

Hyperinflation leads to 20% interest rates... or simply runaway Weimar wheel barrels full of money to buy a loaf of bread.

National guard troops needed for security already understaffed and deployed trying to keep gov functional, so they are not available for security.

Lockdowns already destroyed 50% to 75% of all small urban retail businesses.

Transport logistics backlogs have crushed the just in time distribution model.

Deaths continue at an accelerated rate from the vaccines.

Now remember this - these are the guys who invented order out of chaos, and crisis, reaction, solution.

I don't say it lightly when I say get out of the cities, stock up, and dig in.

[–] • 1 pt

The fed just became zombo.com (zombo.com)

[–] • 1 pt

Crash the dollar bring in a new currency. Restrict that currency. America is fucked.

[–] • 0 pt

The reserve requirement has been practically zero for wire some time. Making it officially zero will lead to an orgy of money printing by the commercial banks with only those closest to the free money benefiting.

Probably a good time to buy gold/silver.

Perhaps the next shock will be financial rather than an energy shock. Both are coming. The food stock will be the hardest, prepare accordingly.

[–] • 0 pt

They did it in 2008 as well.