Bank reserve requirement set to 0%

[Anonymous No.17913555]

https://www.cnn.com/2020/03/18/economy/banks-cash-coronavirus/index.html

>This means that the top banks have "substantial levels of capital and liquidity in excess of regulatory minimums and buffers" according to the Fed. In other words, there is no need for people to take out big lumps of money from their banks. Your deposits are safe.

[Anonymous No.17913610]

Is this how hyperinflation starts?

[Anonymous No.17913622]

>>17913610
It's how it continues.

[Anonymous No.17913643]

>>17913555
Trump and Powell enacted the right course of action by injecting liquidity into the markets. In times of crisis; it is fear more than anything else that causes social collapse.

No, happeningtards, there isn't going to be hyperinflation due to 500 billion getting pumped into the markets everyday. The USD is stronger than ever.

No, happeningtards, the economy will not collapse due to quarantines being imposed all over the country. People will still have their jobs and not get pinkslipped.

No, happeningtards, the US will not go full wuhan mode with hospitals collapsing and people dying in the streets thanks to the prudent decision by Trump and the FDA to roll out drive thru testing.

By April, this will all be a nothingburger meme. All this panic and emergency stocking up of TP and food for a nonexistent incoming depression is just low IQ people both on here and irl flipping out over fake news drummed up by the msm to destroy the Trump admin. We'll pull through.

Happening canceled morons.

[Anonymous No.17913749]

>>17913643
haha money printer go brrrrr

[Anonymous No.17914180]

>>17913610
No, it's been happening, but it'll throw more gas on the fire if the fed needs to print more money because people are pulling cash out.

Also this is exactly why bank runs are retarded, especially in a modern fiat system. You take all your FDIC insured shit out, all you've done was guarantee that the fed needs to print more money, that you've just become a robbery target for everyone else who saw you, and that all the dirty corona infected paper that you brought to your home will lose value through inflation. Damn near everything you'd plan to buy with the money requires the grid to stay up anyway. Literally might as well just ride it out on credit/debit if you're planning on staying in fiat.

[Anonymous No.17914266]

>>17914180
Interesting perspective. I'll keep it in mind!

My big concern about bank runs is it can encourage others that see it happening to act more irrationally.

[Anonymous No.17914321]

>>17913643
how's you 401k faggot?