Your bank is required to keep only a fraction of your cash deposit in its vault. The bulk of your money gets loaned out, paid off and redeposited into the banking system. This happens an exponential amount of times, creating a “virtual”…
Tag: Federal Reserve System
More Republican foolishness. This time, the people in South Carolina are definitely not getting their money’s worth. The fool? State Sen. Lee Bright (R-Roebuck). His idea? Give South Carolina its own currency! Senator Lee Bright is not so bright at all. He…