snapo on Nostr: Oh another thing #[5] Many still dont know it yet... but there are 0 reserve ...
Oh another thing Susiebdds (npub1jt0…6q3n)
Many still dont know it yet... but there are 0 reserve requirements for banks anymore...
Many still dont know it yet... but there are 0 reserve requirements for banks anymore...
quoting nevent1q…eap3Friendly reminder that contrary to popular belief the United States does NOT have a fractional reserve banking system. Beginning in March of 2020 the United States has a zero reserve banking system:
https://www.federalreserve.gov/monetarypolicy/reservereq.htm