5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP488: Current Market Conditions W/ Richard Duncan

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Bank Reserves Are Just Dollar Bills

Bank reserves are the same as dollars or pennies. They're never going to disappear until the Fed destroys them through quantitative tightening, which the Fed is now doing. There's super abundant $8 trillion extra money floating around in the financial system. The banks can do anything with those bank reserves that it wants; they could buy a building and pork bellies.

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