>>60895067
>If one singular bank gave out too many loans, they may have been subjected to a localized bankrun
Lender of last resort.

> Our economy is like half finance and half medicine which is nothing more than a shell game glued together with Treasuries.
Especially with the USA, the combination of a fiat currency that is the world reserve currency, which makes the Triffin dilemma even worse, causing the nation to be hollowed out, via the mechanism of "Dutch Disease".

Triffin's Dilemma:
>a reserve currency country must run current account deficits to supply liquidity to the rest of the world.

>Dutch Disease refers to the adverse impact of a sudden discovery of natural resources on the national economy via the appreciation of the real exchange rate and the subsequent worsening of export competitiveness

In the case of the USA, the "Dutch Disease" resulted from the fact that the PRIMARY export of the USA became the US dollar.

Those two economic factors resulted in the hollowing out of America's productive regions. The solution is to move to a neutral reserve asset like gold.

The Federal Reserve has demonstrated that it cannot fulfill ANY of it's original mandates, (employment/inflation/bank solvency) and now merely exists to print money to allow the US government to service its ever expanding debt.

It's over, but most people don't realize there is no escape for the USA from their debt trap. The US Dollar is a dead man walking and most Americans don't even know it.