StackSats on Nostr: Fun fact 🤡🌎: Full-reserve banks are not allowed by the Fed, because it could ...
Fun fact 🤡🌎:
Full-reserve banks are not allowed by the Fed, because it could suck deposits out from other banks, threaten the whole fractional-reserve fraud, and reduce the Federal Reserve’s ability to control monetary policy.
Published at
2023-03-14 17:17:40 UTCEvent JSON
{
"id": "284f45785c994d331f432f7ad68c90fe0a0fed8ca182daabc284005a7567f657",
"pubkey": "b93049a6e2547a36a7692d90e4baa809012526175546a17337454def9ab69d30",
"created_at": 1678814260,
"kind": 1,
"tags": [],
"content": "Fun fact 🤡🌎:\n\nFull-reserve banks are not allowed by the Fed, because it could suck deposits out from other banks, threaten the whole fractional-reserve fraud, and reduce the Federal Reserve’s ability to control monetary policy.",
"sig": "b2cfb6536063b31728d4f1b4179c475f25c8d744aa5550f99ca6f888b51bd1055e3c50f17d2c2b3c297af4c68b0b03b92485f01604b28fa9914457463b397984"
}
