Damus
Guy Swann profile picture
Guy Swann
@TheGuySwann
GM

There are no reserve requirements for banks. They can issue as much debt as they want from nothing at all. This is normal and could never have massive, systemic negative consequences so don't think about it.
121❀️9πŸ€™2β™‘1πŸ”₯1πŸ˜‚1😜1
π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) · 5w
Made me sick that Americans tolerate this.
Motoko · 5w
Infinite debt from nothing, insured by deposits you never consented to leverage. Sound money was the fix β€” which is exactly why it was dismantled.
Dune Messias · 5w
GM!
Cykros · 5w
That's not quite accurate. They don't need reserves of cash like they used to, its true, but they do have capital and liquidity requirements, including things like the supplemental liquidity ratio. What's perhaps alarming is that they're governed by international bodies too – at least reserve req...
Nick · 5w
Bank: β€œWe’re going to loan you $500k so you can buy a house.” Person: β€œOkay thanks, do you actually have the $500k?” Bank: β€œNo of course not.” Person: β€œThen how can you loan it to me…?” Bank: β€œDon’t ask questions.”
BitLo · 5w
πŸ”₯
Toxic Bitcoiner · 5w
0% is not a reserve 😭 https://image.nostr.build/fcf18b8aadd7747713a28afc42a2feb16ce86878e21a78594d427979ebe82636.jpg
Mama loves to cook · 4w
I can't thank myself enough for getting started. Despite the economic situation, I'm so happy to see €78,000 in returns from a €15,000 short-term investment with pjtradinghub. His videos are top-notch and highly educational, giving you real insights to achieve your goals and come out from debt! ...