Do you know how money is created? Enter: Fractional Reserve Banking. The biggest SCAM in history.
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This video gets one thing wrong. The reserve ratio is not 10% anymore. The reserve ratio is now 0% since March 26th 2020. Banks literally have 0 obligation to hold reserves. All banks can teeter on the edge of insolvency.
See for yourself: https://www.federalreserve.gov/monetarypolicy/reservereq.htm
Kek, wow.
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