You are so very wrong. The Fed does NOT have the cash, nobody does.
It exists only in the banking system itself with no tangible assets to back it up, we don’t have the actual cash to cover even 10% of deposits.
You are so very wrong. The Fed does NOT have the cash, nobody does.
It exists only in the banking system itself with no tangible assets to back it up, we don’t have the actual cash to cover even 10% of deposits.