RE: The Fed Is Pure Evil, But Can We Just End It?

You are viewing a single comment's thread from:

The Fed Is Pure Evil, But Can We Just End It?

in hive-110786 •  4 months ago 

10% Reserve requirements were eliminated in March 2020. It is now 0%.

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

The plandemic is when they took the mask off and let you know that the "money" is all hot air they create ex-nihilo. The interest they charge you is for the privilege of using their money. When they lend you this hot air for a house, the house becomes their asset because it is generating revenue for them and your liability because the insurance and maintenance cost is on you. People who tell you your house is an asset are another breed of scammers.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Is the 0% reserve requirement for all banks, or just the top banks?

Mortgages are just evil, wrapped in evil, topped with extra evil.

"All depository institutions" indicates all banks.