federal reserve

  1. pmbug

    FRB seeks comments on maximum interchange fee that a large debit card issuer can receive for a debit card transaction

    https://www.federalreserve.gov/newsevents/pressreleases/bcreg20231025a.htm As I read this, it occurred to me that this interchange fee is an analogue of gas fees in a crypto system. The most well known cryptos (Bitcoin, Ethereum) have crazy high transaction costs, but there are numerous...
  2. pmbug

    What is Risky In Life - Zero Reserve or Full Reserve Banking?

    Since the inception of the Federal Reserve System, our fractional reserve banking system has steadily degraded reserve ratio requirements until they finally just did away with them altogether and ushered in our brave new era of zero reserve banking. Banks are not tasked with maintaining any...
  3. pmbug

    Federal Reserve is an exclusive club

    https://finance.yahoo.com/news/custodia-crypto-bank-wyoming-denied-223741850.html Membership denied; master account application still pending (shades of the Narrow Bank saga).
  4. Goldhedge

    Federal Reserve Is On The Brink Of Bankruptcy (Here's Proof)

    Federal Reserve Is On The Brink Of Bankruptcy (Here's Proof) 11m
  5. Goldhedge

    The Wizard of Oz what it's really about . . . . .the hidden message

    Review for some... but presented in a new light.... The Wizard of Oz what it's really about . . . . .the hidden message The hidden message behind The Wizard of Oz and what it is really means. . . . This appears to be a message to expose the banking cartel in America, their deceit and evil lies...
  6. Goldhedge

    CBDC | Neel Kashkari President of the Minneapolis Federal Reserve "I Can See Why China Was Doing It If They Wanted to Monitor Everyone

    CBDC | Neel Kashkari President of the Minneapolis Federal Reserve "I Can See Why China Was Doing It If They Wanted to Monitor Everyone of Your Transactions." 24m video
  7. <SLV>

    Fed will overshoot rate increases

    Major slowing happening in inflation. Signals of a slowdown in corporate earnings misses and reduced forward guidance. Housing market cooling fast Fed should pause rate hikes now and let the dust settle from their recent flury of significant increases. But...... they won't. Recession is...
  8. pmbug

    Narrow banking

    I found this to be a fascinating read (it's a bit long): https://www.bloomberg.com/view/articles/2018-09-06/fed-rejects-bank-for-being-too-safe
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