NO RESERVE REQUIREMENT: The Fed will replace fractional reserve banking with NO RESERVE BANKING and 0% interest rates. Thousands of banks now free to create limitless amounts of loans without any reserves.

If you thought 2008 was bad, just wait..

Historically, banks are required to keep 10% of their loaned-out capital in reserves. However, the Fed just took an extraordinary step of reducing that to 0%.

https://www.tradersmagazine.com/am/fed-lowers-rates-to-zero-bonds-set-to-rally/

According to CNBC, the Fed also cut reserve requirement ratios for thousands of banks to zero. In addition, in a global coordinated move by centrals banks, the Fed said the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank took action to enhance dollar liquidity around the world through existing dollar swap arrangements.