What Are You Going To Do With Your Banked Money After March 31st?

What Are You Going To Do With Your Banked Money After March 31st?: An expected return to higher bank leverage ratios on March 31st may result in negative interest rates on banked money and subsequent over-consumption with run-away inflation, bank runs with hoarding of paper money, as well as increased demand to own US-minted gold and silver coins. What are leverage ratios? On April 1 of 2020 US banks were allowed to reduce their leverage ratio (from 3% to 2%) to increase the amount of available funds to needy households and businesses affected by the COVID-19 pandemic.  (Leverage ratios are the amount of funds banks hold to withstand a negative shock on the … Continue reading →