pull down to refresh
110 sats \ 9 replies \ @Undisciplined 18 Dec 2023 \ parent \ on: Stacker Saloon
The US dropped it's reserve requirements a few years ago. I don't think they still hold onto 10%.
WTF !
In response to the COVID-19 pandemic, the Federal Reserve reduced the reserve requirement ratio to zero across all deposit tiers, effective March 26, 2020. The aim of this reduction was to jump-start the economy by allowing banks to use additional liquidity to lend to individuals and businesses.
reply
That was a fun little detail they tried to slip through unnoticed.
reply
I wasn't aware of this.
reply
reply
What is tweet ?
reply
Tweet, post, comment.
They are all grouped into this meme.
I think I've read that somewhere. That's crazy, if true. Saving money in a piggybank seems less riskier than leaving your money in a bank. We are living in unprecedented times.
reply
With the money supply falling, stuffing fiat under mattresses might make a comeback.
reply