Jump to content

Fractional Reserve Banking at its Finest


Recommended Posts

The US is going to pull a rabbit out of their hat with this one. Borrow against Americans' savings to pay for lockdowns. Lockdowns I thought we already had that worked or didn't work. Can't remember anymore.

Quote

"When you look at the personal savings rate in this country, it's now gone from about 8 percent to over 22 percent. We have a big pool of money out there that we could borrow. The historic low interest rates by the federal government, we could pay for a package right now to cover all of the wages, lost wages for individual workers, for our losses to small companies to medium sized companies, for city states, county governments. We could do all of that," said Michael Osterholm during a live event this week with Yahoo News.

https://www.msn.com/en-us/news/politics/biden-covid-19-adviser-floats-plan-to-pay-for-national-lockdown-lasting-up-to-six-weeks/ar-BB1aWSHt

  • Think About It 1

If you enjoy my content please consider donating to the Denarius creator - https://www.patreon.com/carsenk
Join Denarius Discord - https://discord.gg/JQEmXwb

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...