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#11 |
2025 Pledge Member
Join Date: Nov 2012
Real Name: Steven
Location: Glocal
Posts: 21,666
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If I'm reading your post correctly, you're saying US taxpayers are on the hook paying banks ~4.5% interest to keep 'reserves' at the Fed instead of loaning it out? Seems a bit unfair imho. The Fed should immediately give currency back to banks and let them do their business (or stop giving reserves any interest).
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