Federal Reserve Actions to Support the Flow of Credit to Households and Businesses The link is from the Federal Reserve itself so as to not dissuade anyone from reading due to political bent. The title says it all. The Federal Reserve has lifted the requirement that a bank have no less than 10% “cash” or liquid assets immediately available starting on Thursday, 3/26/2020. This ha been a requirement since the Great Depression and was instituted to limit the impact of a run in the banks. The relevant part is the last section and in my opinion it doesn’t matter why they say it or what they claim that 10% will be used for, this is a bad move with really only one long term outcome. My wife has been concerned that our oldest is going to graduate (from college) into a recession. This leads me to fear it could be a depression. This is real and it is not good.
No reserve? That is beyond irresponsible. Should be raised, not reduced. Replace the cleats on your track shoes, the run is yet to start.
tis fine. the money is insured by the FDIC (us) and the federal reserve has the printing press (not us) so they can print money to cover deposits in case of a run and get paid back by us. Great deal for them. Us, not so much.
Errrr….if I remember correctly many of the bank failures of the 2007/8 financial crash were caused by over extension where they lack the necessary reserves. Basically, what this means is they loaned more money than they had, a lot more. I think (I would have to fact check) but Clinton lowered the reserve rate which led to this problem and I thought they had changed in back (again, I would have to check) after the government - meaning the taxpayers - had to bail out the banks and etc... Now, they want to go back again? What, they aren't making enough money already? They are setting it to zero and notice they don't explain why suddenly after all these years and 'bailouts' "Reserve requirements do not play a significant role in this operating framework." This is bad... "In January 2019, the FOMC announced its intention to implement monetary policy in an ample reserves regime. Reserve requirements do not play a significant role in this operating framework. In light of the shift to an ample reserves regime, the Board has reduced reserve requirement ratios to zero percent effective on March 26, the beginning of the next reserve maintenance period. This action eliminates reserve requirements for thousands of depository institutions and will help to support lending to households and businesses."
Fed Reserve, the only group to take perfectly good paper, put on special printer's ink and ruin it for everything including TP.
They are ensuring that all the banks that aren't in the club (direct injection of billions of dollars already sitting in their vaults) fail on April 6th when the 1000 dollar checks come out. Previously, all the banks had to have 10 percent to cover deposits, now they can have zero. Checks come out, everyone takes checks and gets cash, banks run out of cash, bank holiday, FDIC says, well yeah, but it's going to take a few months before you can get your money, panic takes over and then the shooting starts. Instant maintaining of personal distancing, fewer infected coming in contact with non infected ... and pandemic ends. Seems pretty effective in my estimation. Also, fewer survivors for the FDIC to payout.
Today you can not buy silver or gold. The price is at rock bottom and nobody has any. Do you remember the Amero? This is no accident and these are all related to Corona virus. North American monetary union - Wikipedia The Covid-19 plague that was released on us is THE plan to have the ruling class get everyone over into the one world government or NWO plan. This is the big step. Money is now dirty. All people are secretly infected. You need a digital currency because then you don't have to spread disease and $1200/mo paychecks to everyone. This allows, what the Amero failed to do, happen but at a much larger level and way easier. People are going to do it themselves happily. Now just imagine the powers of the Patriot Act (temporary for 18 years and running) applied to the entire world. You may have Covid-19 and not even know it! Prepare to be forced to take vaccines. Prepare to have cameras in your house (for your own protection of course). Prepare to lose your children because now you are endangering them by not following the plan. I used to think that Trump was crashing China by putting tariffs in place but now it seems as if he is playing right into their hands and not just a little bit. He brought out the biggest stimulus package in history and none of his opponents even complained about it. Not a single one. Do you think they would have let him do all of the stuff he did if they weren't in control of it? No opposition. I was watching Bloomberg and the host interviewed a senator and got mad and yelled at her for not uniting with both parties on the bail out and free money (socialism) but he didn't just yell at her, he was telling her what to do. He made demands of her ...and she said she would do it, back-peddled, like he was her boss. Who is in charge here?
Not true about not being able to buy physical gold or silver. Recently bought some from a friend who is a metals dealer in his “retirement job” and I am picking it up today after work.
Now the federal Reserve is telling people that if poultry is to expensive for thanksgiving, eat soy.... Federal Reserve Nudges Americans To Swap Turkey For Soy At Thanksgiving | The Daily Wire
They are just being fair There are multiple "internet' banks with no psychical outlets. They don;t keep cash - so why should the others?.
None of it is real, all money is created out of thin air and its very use becomes the debt of the United States, plus interest. Even the Bureau of Printing and Engraving only makes the physical bills at the instruction of the private Federal Reserve, but it doesn't become "money" until it is placed into circulation. This usury scheme has been happening since the very First Bank of the United States was founded with Federal money, and never paid back. You see, the First Bank of the United States and every bank since has been privately owned. Naturally, the only exception to this was the Greenback under Lincoln because this was the only real, legitimate, congressionally authorized and debt free currency we've ever used. This is the greatest secret you were never told about because if Americans weren't mostly lobotomized and understood the relevance, they would burn the government to the ground and piss on their smoldering ashes. We've been swindled out of our wealth, own no property, and even our labor, our lives are collateral on a debt to private banks that can NEVER be paid off. They can "raise" interest rates, they can remove reserve notes from holding, they can tell you whatever they want to make you believe this is all legitimately happening. The truth is, recessions and depressions today are scientifically created. You are not witnessing happenstance, you are watching history in the making.
Most money exchanges done in business is numbers, rarely cash. I agree though that keeping a certain amount of cash handy is good However, It is likely that they will push for digital and devalue the paper altogether. In this way the government can steal all they want, and you can't do any thing about it, like what happened in Grease. If your wealth is spread around in PMs and material goods that you can barter , you might be better off. I liker raw materials like steel and aluminum and useful metals for making and repairing things.
