Replies to post #80865 on CV Sciences Inc (CVSI)

[DarthYoda]

If you wanna take over a country's entire banking and financial system, you just gotta lend money to all its banks.
But why would banks ever need to borrow money?
Well, under normal circumstances, they wouldn't. However, the guys who've been running all of the banks have been making sure to overleverage them on purpose so they need loans from an entity that shouldn't exist.
But how can they "overleverage" when there is zero reserve requirement?
Exactly.

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.

https://www.federalreserve.gov/monetarypolicy/reservereq.htm

[GE_Jim]

Regarding: What more does the Fed really have to say to quell anyone's concern about "the banks"?...
The banks are just one avenue that needs to be addressed and propped up.
While there many concerns a person can have with the banks, my first one is the FDIC for accounts with less than 250k. Before the latest bank issues the FDIC had enough to support 1.26% of all bank accounts under $250k. They when thru 128 billion, then Yellin reinflated with 100 billion more from treasury. They have 9 billion left as of this post. Now while I don’t know if there will be any more failures, I do know there are many, many at risk. There still is the inflation issue, in fact I’m wondering if those reading didn’t tick up, we’ll find out tomorrow. Interest rates are far from being cut, unless there is a massive failure in the economy, in which case that would create more ramifications and would cause higher inflation. But all of that above is pales if they fail on the debt ceiling. I know, I know, it’s unthinkable, just political theater. That being said, I do think there is a real chance that the congress may be stupid enough, regardless of the millions of lives it would affect. We’ll know in a few weeks or so, however right now all my new bets are risk off. I can wait. All IMO.