You are viewing a single comment's thread from:RE: Are Canadian Banks INSOLVENT? If People Withdrew Their MONEY, Is It GAME OVER!?View the full contextswearngin (62)in #money • 8 years ago Oh man those cash to deposit ratios look precarious
Welcome to the Fractional Reserve Banking system. Actually in Canada it's Zero reserve banking! https://www.bankofcanada.ca/1997/04/working-paper-1997-8/
So crazy, it's all there to read but nobody cares. At least there's an appendix that outlines the process by which reserve requirements were phased out in Canada, the idiocy is well documented ;)