00:00The Federal Reserve quietly deleted the legal rule requiring banks to hold your actual physical
00:04deposits. Since March 2020, the official reserve requirement for every major commercial bank is
00:11now exactly zero. They no longer need to keep a single physical dollar in the vault to issue new
00:16loans. When you sign for a mortgage, they are not giving you someone else's hard-earned savings
00:22anymore. They simply type new numbers into a digital ledger and charge you high compounding
00:27interest rates. This policy allows private commercial banks to expand the total global
00:33money supply with no limits. Every new digital dollar they create instantly dilutes the purchasing
00:39power of your own existing savings. You are trading your limited human time for currency
00:44that they generate with a single keystroke.
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