Uno on Nostr: US banks have a 0% reserve requirement since 2020 if John deposits $100k, his bank ...
US banks have a 0% reserve requirement since 2020
if John deposits $100k, his bank can loan all of it to Sarah
so now John has 100k in his bank and Sarah has 100k in hers
100k was just created out of nothing
if John and Sarah go to the bank to take out the 100k in cash, the bank doesn’t have it
this is called a bank run
Buy #BTC
Published at
2023-07-21 19:28:27Event JSON
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"content": "US banks have a 0% reserve requirement since 2020\n\nif John deposits $100k, his bank can loan all of it to Sarah\n\nso now John has 100k in his bank and Sarah has 100k in hers\n\n100k was just created out of nothing\n\nif John and Sarah go to the bank to take out the 100k in cash, the bank doesn’t have it\n\nthis is called a bank run\n\nBuy #BTC https://cdn.nostr.build/i/d21ff35b0df7a49acf2b13db9ecfcbe62fcfd1186c96476b5f0c14a62895dc92.jpg ",
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