Bank Reserves: The Ghost Of Bad Debt | Rafi Farber

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For more than a decade, the Federal Reserve has effectively been propping up banks by replacing their toxic debt with new currency. According to Rafi Farber (https://endgameinvestor.substack.com/), these bank reserves are akin to "the ghost of bad debt." Farber anticipates an imminent crisis within the banking sector, which he predicts will precipitate a financial calamity surpassing the severity of those seen in 2008 or 2020.