Mike Maloney on Youtube.
Hes a silver peddler but has good info about fractional reserve lending.
Fun Fact: under Trump and Covid, FRL was changed so that banks no longer need to hold even 10%. They can loan money with no reserves. Its one of a couple ways money is created.
Mike Maloney on Youtube.
Hes a silver peddler but has good info about fractional reserve lending.
Fun Fact: under Trump and Covid, FRL was changed so that banks no longer need to hold even 10%. They can loan money with no reserves. Its one of a couple ways money is created.
(post is archived)