Replying to Avatar Marty Bent

Does the fact that many in the banking sector are unaware that there are currently no reserve requirements mean there are no reserves in the banking system? No.

It means the industry's intellectual capital is very lazy, which should worry people.

https://tftc.io/martys-bent/issue-1319/

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SEΔHΔWK 2y ago

It also means an FDIC insured bank can invest up to 250K of your money with zero risk, keep all the profit, and pay you a 0.01% interest rate. Why didn't I think of that?

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