Why the FED Cut Bank Reserves to $0 in the United States

3 years ago
129
us economy recession ferderal reserve cuts bank reserves bank reserves explained fractional reserve banking explained fractional reserve banking bank reserve requirement fractional reserve lending fractional reserve banking system banks have no money how banks create money how banks make money

Did you hear? The Federal Reserve Bank (privately owned and not a government institution) has CUT bank reserves to $0. Yes, ZERO!

Why should you care? Watch my whole video to understand.

➥➥➥ Article Reference 1
Read it ⇢ https://www.federalreserve.gov/monetarypolicy/reservereq.htm

➥➥➥ Article Reference 2
Read it ⇢ https://www.thesheridanpress.com/news/local/federal-reserve-eliminates-reserve-requirements/article_0bad7fd7-5f8c-5062-a66e-c868ab65207f.html

➥➥➥ Article Reference 3
Read it ⇢https://medium.com/in-bitcoin-we-trust/with-reserve-requirement-for-banks-set-to-zero-by-the-fed-you-need-to-think-making-bitcoin-your-6b358acb264f

➥➥➥Richest You MERCH
Get It ⇢ https://www.zazzle.com/store/richestyou

➥➥➥ GET the Richest You: Mastering Money Mini-Course
Enroll ⇢ https://www.richestyouuniversity.thinkific.com

➥➥➥ SUBSCRIBE FOR MORE VIDEOS
Never miss a video.
Subscribe ⇢ www.rumble.com/richestyou

➥➥➥ FOLLOW ME
Website ⇢ www.richestyouuniversity.com
Twitter ⇢ https://www.twitter.com/richestY0U
Pinterest ⇢ https://www.pinterest.com/richestU

Loading comments...