I didn't know (or had already forgotten) that the banks no longer have a reserve requirement.
Is this fact?
In early 2020 the Federal Reserve disclosed …’As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.’…
If this is true, then along with FASAB 56 in which gov.com is no longer accountable for any financial reporting or accuracy if it is deemed to be of national security importance, the banks aren't accountable for any financial malfeasance in any way either.
Add to this, the fact that your bank account balance is now considered a loan to the bank and not your own asset - the whole financial system is both corrupt and untouchable.
Not to mention what's going on in Canaduh in terms of their new ability to attack financial assets if they don't agree with your perspectives.
It's not looking too good for people in general. Any thoughts on how to navigate all this?
I knew it would happen.