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Where does your fiat currency come from? And why is everything getting more expensive?

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This should be mandatory watch for every single person on the planet.

https://www.youtube.com/watch?v=iFDe5kUUyT0&list=PLE88E9ICdipidHkTehs1VbFzgwrq1jkUJ&index=6

The video is now 10 years old and the information it presents is still relevant today, if not more relevant than ever.

Back then banks actually needed small deposit on hand to give out loans, but since March 2020 the Fed eliminated reserve requirement ratio to exactly zero percent.

"Effective March 26, 2020, the Board reduced reserve requirement ratios on all net transaction accounts to zero percent, eliminating reserve requirements for all depository institutions."

-Federal Reserve Requirements of Depository Institutions

This is how our economy actually works, and its only gonna get worse from here.

Fuck the fed, buy bitcoin.

submitted by /u/clicksanything
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