Archived In case you didn't know how banks; local, regional or federal, operate (imgoat.com)
submitted ago by ARsandOutdoors
Posted by: ARsandOutdoors
Posting time: 1.8 years ago on
Last edit time: never edited.
Archived on: 5/15/2019 10:00:00 AM
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79 upvotes, 2 downvotes (98% upvoted it)
Archived In case you didn't know how banks; local, regional or federal, operate (imgoat.com)
submitted ago by ARsandOutdoors
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[–] ARsandOutdoors [S] 0 points 1 point 1 point (+1|-0) ago
@gumbatron
[–] Gumbatron 0 points 4 points 4 points (+4|-0) ago
Indeed, although lots of them have now dropped the "reserve" requirement entirely...
https://en.wikipedia.org/wiki/Reserve_requirement
[–] ARsandOutdoors [S] 0 points 2 points 2 points (+2|-0) ago (edited ago)
I'm big into finance and history of finance. I'm concerned that the Central banks across the world are stockpiling gold, instead of purchasing bonds from other central banks, of which have essentially an "unlimited" balance sheet. The world is awash in cash, because you have to convert to dollars to purchase oil we've been able to offshore the inflation. With interest rates rising, it's costly to hold US cash, harder to service your debts. The globe seems to be preparing for the end of the dollar-reserve and swift system. At this point America's debt can be weapon(ized?) against them.