I will add that there is still a "zero reserve" policy in place across the US banking system ... i.e. they don't need any reserves to cover all the outstanding loans they've made. Let that sink in.
I will add that there is still a "zero reserve" policy in place across the US banking system ... i.e. they don't need any reserves to cover all the outstanding loans they've made. Let that sink in.
AND another thing - "bail ins" are coming with the next banking crisis. What this means is instead of bailouts, where the govt steps in to provide emergency funding, the banks can now take the money they need from depositors. And you'll also be paying your bank to hold your money. And it's all legal, courtesy of our loving, caring banksters and government cronies.
I will add that there is still a "zero reserve" policy in place across the US banking system ... i.e. they don't need any reserves to cover all the outstanding loans they've made. Let that sink in.
AND another thing - "bail ins" are coming with the next banking crisis. What this means is instead of bailouts, where the govt steps in to provide emergency funding, the banks can now take the money they need from depositors. And you'll also be paying your bank to hold your money. And it's all legal, courtesy of our loving, caring banksters and government cronies.