Replying to Avatar cryptoshi2k21.bitcoin

I hadn't realized this but the Federal Reserve quietly changed it's reserve target to 0% during COVID.

This isn't fractional reserve banking, it's fictional reserve banking.

#EndTheFED #Bitcoin #GrowNostr #Plebchain #Zap
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Pepe NOSTRos 1y ago

Yah they did, lol. Was essentially a book keeping trick with no real reserve anyway. I mean the reserve was just fiats ... They make fiats so ...

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