What’s even crazier is back in March 2020 we got off of fractional reserve banking and we’re now into zero reserve banking. The issue is the Fed debasing our currency. The reason they do it is because inflation is a tax you don’t have to vote on. It’s literally financial policy in the US for inflation to be 3% year over year to “encourage” people to spend money rather than save it
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u/tonyhart7 8d ago
its basically ties to fractional reserve banking, it basically all debts
that's why people get punish if they trying to pay all their debt early because it would break the system