ari on Nostr: “During the over 100+ years of Fed history, they have mandated the bank reserve ...
“During the over 100+ years of Fed history, they have mandated the bank reserve ratio. Manipulation of the reserve requirement ratio has been one of their most powerful tools. That ratio was north of 20% through most of the first fifty years of the Fed (including the great depression). It had made its way down to 10% - that was before today. Until further clarification or notice, banks need not hold any reserve against their assets. This means that banks could theoretically continue making loans to infinity.”
Mar, 16, 2020
https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/bobhaber/2020/03/16/the-fed-fires-the-big-one/amp/Published at
2023-03-17 15:42:59Event JSON
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"content": "“During the over 100+ years of Fed history, they have mandated the bank reserve ratio. Manipulation of the reserve requirement ratio has been one of their most powerful tools. That ratio was north of 20% through most of the first fifty years of the Fed (including the great depression). It had made its way down to 10% - that was before today. Until further clarification or notice, banks need not hold any reserve against their assets. This means that banks could theoretically continue making loans to infinity.”\n\nMar, 16, 2020\n\nhttps://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/bobhaber/2020/03/16/the-fed-fires-the-big-one/amp/",
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