Federal Reserve reduces reserve requirements to zero

This is just a tacit admission that the entire monetary system is fake, and that if everyone did try to withdraw their funds all at once it would absolutely collapse overnight

federalreserve.gov/monetarypolicy/reservereq.htm

here you go dumbass. thanks for time traveling from 2020 to tell me

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You seem upset.

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Well, many anons like myself did extreme shitpost about it at the time

She’s a past-variant of a character named Taiga. Hope you can cook well

Yeah, I talked a whole lot of shit about all that when it was going down. And went long as fuck cause it was only going to end one way.

The point is, you should've known about this a long time ago. The money supply expanded by over 25% in a year. This was part of it the no holds barred printing thrill ride.

Actually it wouldn't because it's fake. If it was real, it would collapse on a bank run. Since its fake, they can print as much money as needed and they don't even need your deposits since they have no reserve requirements.

How long until it's ten trillion bucks for toilet paper?

probably longer than you think. dollar milkshake is in play, and the value of the dollar is rising against everything, especially since all fiat is cut from the same toiletpaper.

Hell of a powermove. The Fed is stomping out 3rd world countries, EU, China, reining all those motherfuckers in. Only country that appears to have improved is hilariously Russia. I don't know what the endgame is with regards to international relations. I mean, I can tell you US and Russia is spitroasting the EU, and the US is putting the screws to China; personally I think the main goal is to put them in their place so they don't get uppity with us in the future.

Russia? Fuck if I know. They're resilient and I think the US is content to crush the EU while bleeding Russian kinetic strength in the Ukraine. 3rd world countries are an interesting bag at the bargaining table. China appears to be going lenient on Africa for what I'm sure is a future "favor." Curious on what the US intends to do with their peasant fiefs, they obviously don't care if they starve to death. Or maybe it's just acceptable collateral damage in fucking up the EU and China.

All I can do is observe and try to profit off the suffering.

Historically nobody wins when the dollar is gaining value on other first world currencies
Dollar milkshake theory implies that our prosperity is not reliant on other nations

Yeah, cause their prosperity is reliant on the dollar. Which is quite the mindfuck. But I guess, what the hell else are you going to settle in? And will somebody actually step up to the plate and try it? Will BRICS actually step up and try to seize the throne? They're already eating shit from the interest rate hikes and inflation

I've come to similar conclusions to you user. I was digging into the top 25 economies and it seems barley anyone is above water outside of the US atm. Europe seems like it is at the start of a death spiral and I can't see the Euro lasting much longer as a legitimate currency or the Eurozone existing as an economic block for too much longer. The speed at which the dollar is currently sucking up value from every other country is almost breathtaking and it's some fucking sight to witness. How are you positioning? I'm still hesitant to be deep in dollars as Biden seems like he will be forced to print heavily in the near future (fuck he is even now but somehow it isn't putting a dent into the dollar value) providing some relief to other currencies and equities? I can't really see a winning move..