It's said that most Banks don't even have 3-10% of the funds on them

When, not IF this system crashes. You would want to own one or many cryptocurrencies. Bitcoin is the most likely to survive for 10 more years. By that time it'll also increase in value instead of decrease due to inflation

They are supposed to have a government mandated reserve.

Okay. Have you ever heard of a bank run?

banks are heavily regulated, I don't think this is right

I'm an MBA, of course I have.

Bank runs were a major factor in the great depression.

nobody cares that you're a basketball player

:^)

^_^

You can Google it. Reserve requirement ratio.

"The Federal Reserve requires banks and other depository institutions to hold a minimum level ofreserves against their liabilities. Currently, the marginal reserve requirement equals 10 percent of a bank's demand and checking deposits."

There you go. Carry on with the panic.

I just wanted you to be accurate in your fearmongering.

That also doesn't stop the federal reserve (which isn't a government agency) to print more money

is that reserve cash?

"How Banking Works - Prepper Edition"

Don't mind me, I'm amused.

Either way. This will crash one day. The debt ceiling in the US is in the trillions. Once you have abither big economic crisis, this all comes crashing down. Interest can't be paid and it'll cascade into the entire house of cards falling over. War will ensue and your dollars will be of equal value to that of the currency of Zimbabwe

what do you guys think of coach red pill?

Of course all my knowledge of this is from my own research. Do your own.

As that guy in game of thrones said(Lord baelish) , "assume the worst"

@themysteriousSage he's cool

it hasn't happened in japan though, where the situation is much worse

time is damn too fast

I like CRP but he is a confidence trickster like sargon said

Where are you from? @Finku I'm from The Netherlands

I was just watching CRP

his video on autism is good

Whatup simps

I was watching the Insurance, his latest

basically get a Voice recorder

and backup all those files

メキシコにいる

💩

@Roko

lmao

rip mac miller @Happy Humble Hermit

damn dude, same

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Weirs. Got the same

that's how you know you're alone