{"id":12948,"date":"2020-04-08T22:06:00","date_gmt":"2020-04-09T02:06:00","guid":{"rendered":"https:\/\/www.duck9.com\/?p=12948"},"modified":"2020-04-18T00:44:34","modified_gmt":"2020-04-18T04:44:34","slug":"fed-reserve-requirement-is-zero","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/fed-reserve-requirement-is-zero\/","title":{"rendered":"Fed Reserve Requirement Is Zero"},"content":{"rendered":"
\n
\n
\n
By Larry Chiang<\/span><\/div>\n

\n<\/span><\/div>\n
When you deposit money in a bank. The bank used to be under a fractional reserve.  A fraction of the reserve is to be kept. <\/span><\/div>\n

\n<\/span><\/div>\n
Now, banks are required to hold zero. <\/span><\/div>\n

\n<\/span><\/div>\n
\"image1.jpeg\"
\n<\/span><\/div>\n

\n<\/span><\/div>\n
reduce reserve requirements to 0 percent in light of the shift to an ample-reserves regime and to support lending to households and businesses by depository institutions<\/span><\/div>\n

\n<\/span><\/div>\n


\n<\/span><\/p>\n<\/div>\n

\n\n\n\n\n
<\/span><\/td>\nLarry Chiang @duck9 (@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n
\n
4\/8\/20, 8:40 PM<\/font><\/a><\/div>\n
#cs183bBC<\/a><\/p>\n
\n

Some sly 🐶 hacked the FOMC notes and did this edit:😂😂😂😂😂😂😂😭👇🏻😭😭<\/p>\n

\u00e2\u20ac\u0153reduce reserve requirements to 0 percent in light of the shift to an ample-reserves regime and to support lending to households and businesses by depository institutions\u00e2\u20ac\u009d<\/p>\n

#FunTech<\/a> pic.twitter.com\/A6QrOERnqB<\/a><\/p>\n<\/div>\n

<\/span><\/font><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

\n

\n<\/span><\/div>\n
https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/a><\/span>
\n<\/span>
\n<\/span><\/div>\n<\/div>\n\n\n\n\n
<\/td>\nOmar Bham (Crypt0) (@crypt0snews<\/a>)<\/b><\/td>\n<\/tr>\n
\n
4\/3\/20, 4:33 AM<\/a><\/div>\n
If you thought it was crazy thay Wells Fargo made millions of fake bank accounts for people, get ready for the fake loans that banks will be making with the new ZERO reserve requirements 😂<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


\n<\/span><\/p>\n<\/div>\n

\"image2.png\"
\n<\/span><\/div>\n
FOMC notes screen shot from my personal iPhone, 650-283-8008, <\/span>that Steve Jobs texted me on<\/div>\n
\n
\n
\n

\n<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Larry Chiang When you deposit money in a bank. The bank used to be under a fractional reserve.  A fraction of the reserve is to be kept.  Now, banks are required to hold zero.  reduce reserve requirements to 0 percent in light of the shift to an ample-reserves regime and to support lending to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-12948","post","type-post","status-publish","format-standard","hentry","category-banking-secrets"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=12948"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12948\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=12948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=12948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=12948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}