All U.S. banks will now never go bankrupt no matter what!

[admin]

The Federal Reserve Board on March 15, 2020 announced that starting March 26, 2020, no U.S. depository bank will need to keep fractional reserves of any kind. We are talking 0% reserves.

No matter how big their gambling losses in the derivative markets become (and they are rapidly piling up), they can stay in the banking business forever. U. S. Government will never shut them down.

And if they should "temporarily" run short of a little cash to pay the light bill and their executive bonuses, they can confiscate all of the depositor's money with a "bail-in", no questions asked.

Zero fractional reserves also allow all banks (big and small) to create an endless supply of money for themselves. There will be no control on the U.S. money supply. It's going to start "raining money" very shortly.

https://www.federalreserve.gov/monetarypolicy/reservereq.htm

- reddit comment

[James Thomas Rook Jr.]

This was inevitable.

That is why soon the most precious metal may soon be lead, with a brass casing.

[JW Insider]

Currency manipulation.

But it's the kind of manipulation that keeps things calmer during a crisis when someone might otherwise hear about that little bank in Middle-of-nowhere, Kansas that failed, and which then triggers an infectious run on other banks.

[Colin Browne]

On 3/18/2020 at 4:32 AM, James Thomas Rook Jr. said:

This was inevitable.

That is why soon the most precious metal may soon be lead, with a brass casing.

 

On 3/19/2020 at 2:42 PM, JW Insider said:

Currency manipulation.

But it's the kind of manipulation that keeps things calmer during a crisis when someone might otherwise hear about that little bank in Middle-of-nowhere, Kansas that failed, and which then triggers an infectious run on other banks.

This may be the case in many countries. The capture below shows how some coins are minted in The Republic of South Africa.

[TrueTomHarley]

The reason they want to keep banks afloat, rife with ‘moral hazard’ though that course is, is that all employment depends on them, and no one wants to throw most people in the world out of work. 

It is sort of like how Abraham Lincoln said that he is not smart enough to lie. Once you tell one, you will be telling them till the end of your days in an attempt to shore up that first one.

[Arauna]

Inflation will become so high that money becomes worthless.  We already have a fiat currency so they can print as much as they like.

I suspect we will all soon be on a digital currency.... that is where we are heading......