Replying to ringo

what's interesting to me is I wonder how many people realize that the 2% reserve, means that out of all the money the bank has accepted as deposits, (that large sum x 2%) is all the money they actually have at the bank.
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Decentony⚡ 2y ago

Same article was complaining that Fed doesn't have tools to control social media against a bank run.

There is no salvation for the guy who wrote that article.

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ringo 2y ago

whomever wrote that. must be a doofus. probably a CFR controlled journalist.

what really surprises me, is how many people have never read modern money mechanics.