Why do you keep insisting that WFC doesn’t have any reserve requirements?
Sometimes they have to borrow to cover their reserve requirements.
Remember, they cannot create an infinite amount of money, only an amount that is firmly anchored in what they have in deposits.
Only a government can create an infinite amount of cash, but that isn’t quite the same as creating an infinite amount of money/value.
Ask Mugabe if you doubt that.
Where did I ever say that?
Sometimes they have to borrow to cover their reserve requirements.
What good is a reserve requirement if they can loan out 900% of deposits?
Remember, they cannot create an infinite amount of money, only an amount that is firmly anchored in what they have in deposits.
Right. 9 times deposits. LOL!