Posted on 02/22/2015 8:13:01 PM PST by Jack Hydrazine
>>Whether the banks sit on them, or not, they cannot reduce the reserves in the system.<<
Ah, I see where I got confused. I didn’t realize you’d jumped into the debate I was having with someone else to make that point, a point that I agree with, as I said in the post before this one....my mistake.
Sorry about that.
As a wise man once said, Ah, someone who understands....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.