Getting Cash From Banks In A Crisis

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Taco
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Joined: July 9th, 2011, 9:30 am

Getting Cash From Banks In A Crisis

Post by Taco »

While the country was distracted with the Covid-19 lockdown and economic crisis, the Federal Reserve made a huge banking requirement change never before done in history. The Fed cut “. . . reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions. What does this profound change mean? Bank runs coming to a city near you...

Paranoia is just having the right information. - William S. Burroughs
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