Fictional Reserve Banking – Part 2

Here’s an ASTOUNDING headline:

Fed Chairman Jerome Powell Wonders “How Did Bank Failures Happen?

In this excellent piece Mish Shedlock lists 12 Reasons This Happened.

The 12th being, “The Fed reduced reserve requirements on deposits to ZERO.

Even now, after the clear facts, the Fed wonders “What Happened?

This is a must read. Please share widely.

 

Share

12:13 pm on March 23, 2023