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How many times does history have to repeat itself, and people lose everything, in order to finally get out of this vicious circle?
Thing is, in reality, aren't all fractionally reserved banks always insolvent all the time? It just takes people pulling their deposits for what was already true to be forced visible.
https://i.etsystatic.com/33543608/r/il/648301/4056722257/il_1140xN.4056722257_dgbt.jpg
#175038
to be continued... ;)
How many times does history have to repeat itself, and people lose everything, in order to finally get out of this vicious circle?
Thing is, in reality, aren't all fractionally reserved banks always insolvent all the time? It just takes people pulling their deposits for what was already true to be forced visible.
https://i.etsystatic.com/33543608/r/il/648301/4056722257/il_1140xN.4056722257_dgbt.jpg
#175038
to be continued... ;)