Been wondering if you fell off the face of the earth. Another post well done!

Thanks Simon

A couple of points, if I may.

In march of 2020, banking reserves were reduced from 10% to Zero. https://www.federalreserve.gov/monetarypolicy/reservereq.htm.

Federal Reserve can not print " Money", only bank reserves ( ie QE). So in the fractional reserve banking system, the reserve amount is now at Zero, What good are the reserves?

I have been struggling with this since 2020. What say you?

Been wondering if you fell off the face of the earth. Another post well done!

Thanks Simon

A couple of points, if I may.

In march of 2020, banking reserves were reduced from 10% to Zero. https://www.federalreserve.gov/monetarypolicy/reservereq.htm.

Federal Reserve can not print " Money" only bank reserves ( ie QE). So in the fractional reserve banking system, the reserve amount is now at Zero, What good are the reserves?

I have been struggling with this since 2020. What say you?

Been wondering if you fell off the face of the earth. Another post well done!

Thanks Simon