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RE: Are Canadian Banks INSOLVENT? If People Withdrew Their MONEY, Is It GAME OVER!?

in #money • 8 years ago

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/

8 years ago in #money by
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     8 years ago 

    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 ;)

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