3 ms·
Author is mistaking basic exchange dynamics, arbitrage issues with USD, and drawing up a wild conspiracy from almost nothing.
by dahdum 9y ago
Author is mistaking basic exchange dynamics, arbitrage issues with USD, and drawing up a wild conspiracy from almost nothing.
- ojr 9y agohe is trying to trigger a bank run, but doesn't realize our whole financial system runs on fractional reserves
- mempko 9y agoFractional reserve blanking is not a real thing.
- irln 9y agoDo you mean that it's not "a real thing" because some banks are not limited to loans amounts within reserve requirements?
- mempko 9y agoBecause the majority of banking systems dont require any reserves. Even in the USA certian household debt like mortgages require reserves while most other debt like commercial does not. And even with mortgages banks have 30 days to come up wuth the reserve. In other words, it doesn't exist as the texbooks describe.
- deleted 9y ago[deleted]
- dang 9y agoOk, we'll give you a question mark in the title above. Merry Christmas!