Banks are ALL in trouble - General Discussion

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Matthew

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And here's my nice authoritative citation for the following graph (no, it's not doctored or photoshopped!)

http://research.stlouisfed.org/fred2/series/BOGNONBR

So basically, the banks don't have any reserves! No, they actually have NEGATIVE reserves. All their money reserve is currently a debt to the Fed. So the banks are insolvent!

Matthew

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