How many people are aware that the US Fed has removed all reserve requirements (bank reserve requirement = 0%)?

submitted by Jesus from self.conspiracy

https://pbs.twimg.com/media/EayT-IGWkAUZ-8C?format=jpg&name=small

Lol, debt to AMERICA!!!

According to some estimates, there is 4 times the world GDP being invested in derivatives (bets on outcomes). But no one knows for sure. None of the money is actually going anywhere it is being used, only into the various games the 1% play.

Private firms are not obligated to track that sort of thing. Easy to hide these derivative scams! Thanks parasites who have never once toiled the soil!

all 2 comments
sorted by:
top
newinsightfulfun

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Yeah, I bitched about it when it happened. It's basically carte blanche authority surrendered to private banks to multiply money at rates that previously would have been considered insane. I believe this year will go down in history as the start of the finale for the USD's status as the world reserve currency.

[–]Questionable 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

But you have to ask yourself, which is more stable? Fiat based and created through debt, or Fiat based and created by nothing? Wouldn't that system me more favorable to a government controlled currency and not a private bank such as the Federal Reserve? Of course this only makes sense if an actual take over of the Federal Reserve took place as many suspect is happening.

As for derivatives, they should have never been allowed, they debase institutions and devalue monetary systems.