Banks Have NO Money in 2021 (Worst Case Scenario)
Last year, the liquidity crisis of 2019 started quietly looming over the American economy. The United States Federal Reserve began patching holes into the economy like it was water pouring into a sinking ship. That was done in an effort to contain what was becoming an increasingly bad liquidity crisis that neither the Fed nor the government had any control over. If the Fed didn’t step in when it did, the entire economy could have collapsed. The current global situation struck right in the nick of time for that money printing party to get started.
This is the beginning of a series called The Great Reset. In this episode, we are talking about the liquidity crisis of 2019 and why the Federal Reserve needed to print A TON of cash in order to control the situation. I’ll explain the fractional banking system. Find out how this all affects the future of banks. Are we facing a banking crisis? Can Bitcoin save us?
02:03 Fractional Banking
03:51 Inflation and money as a system of control
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