During covid they quietly amended the rules so it is now a 0% reserve requirement.

The dollar's you deposit are already backed by nothing and the deposits you make aren't even in the bank. You'll own nothing and be happy.

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Damn! Missed this about the US, and just went to check, in Eu (Italy precisely, maybe different somewhere else) you need now ONLY 1%, from 2% it was before..

LOL!

It's insanity and completely irresponsible policy in the name of artificial growth via debt.

nostr:npub1zzmxvr9sw49lhzfx236aweurt8h5tmzjw7x3gfsazlgd8j64ql0sexw5wy summed it up the best:

I didn't do nothin. 🫣

You were spot on.

#YESTR