nostr:npub106dam65ww9ztdqj26xvh08dyuc7lj7nmkrtrujwsmyq2n6g3r33saq3m89 nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h Well, three years longer than the majority of people thought so far. And let's not ignore that I'm the owner of collapse.pub in this discussion, I kinda have vested interest in collapse and pretending that what has worked for them for so long is going to stop working because... they're doing the exact same things they were before, will somehow result in crash as compared to recession cycles of differing degrees, is wishful thinking.
nostr:npub1wmxn3vqkzhd2a47gkt6hdjwp49cxzl3m0l67pzkrn9kllhrkhfhqfxv89s nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h
>they're doing the exact same things they were before
worse even. the federal reserve recently reduced the fractional reserve requirement to zero for example.
nostr:npub106dam65ww9ztdqj26xvh08dyuc7lj7nmkrtrujwsmyq2n6g3r33saq3m89 nostr:npub1mh5a6mhm4u78glqxhltq7uexv6kddphycthlguvn0ux8ch72tc8q6q233h It was effectively zero in 1999; by opening an investment firm with no distinction between a bank and an investment firm, you can sign your reserve over to another economic actor the immediate you receive it.
