Big Banks About To Start CONFISCATING YOUR DEPOSITS - Video (for Dummies)

[DamianTV]

This is BANK FAILURE 2.0

What happened is when we had all the lockdowns for the Plandemic, the Fractional Lending Requirement was reduced from 10% to 0% so banks lent way more than they had as a way of stimulating the economy. That HAS EXPIRED. Now they are going to use YOUR ASSETS to leverage THEIR DEBTS. Its a BANK BAIL IN, but they are changing the terms to confuse you.

YOU WILL OWN NOTHING. YOU WILL EAT ZE BUGS.

KIRK ELLIOTT does a much better job explaining this than I can. He breaks it down FOR DUMMIES.

https://banned.video/watch?id=65fa1cfe961a509804b87672

Your assets will be CONVERTED to CBDC's and YOU WILL BE PROHIBITED FROM BUYING FOOD if you are Republican, just not at first. Hello Mark of the Beast.

 

[pmbug]

... the Fractional Lending Requirement was reduced from 10% to 0% so banks lent way more than they had as a way of stimulating the economy. That HAS EXPIRED. ...

Zero reserve requirement does not "expire". It's still the current regulatory regime. While banks are not required to maintain any specific reserve ratio any more, they do have to manage liquidity. They (the banks) are fighting right now to avoid having to comply with Basel III standards on that front as American banks do not have the reserves/liquidity to meet the Basel III requirements. Last I saw, it looked like the Fed was going to neuter the requirements.

I wrote a bit about this issue here:

https://www.pmbug.com/threads/what-is-risky-in-life-zero-reserve-or-full-reserve-banking.5723/

Also, the banking laws changed from bail-out to bail-in circa 2013:

https://www.pmbug.com/threads/no-banks-are-safe-bail-ins-fdic-limits-systemic-risks.2237/