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RE: BANK RUN in China! Panic as Rush To Pull Money Out of Bank of Zigong!
Yeah, weird that many people do not know that the bank holds less than 10% of what is on the books. Wish I could run my household that way, borrow at 0%, lend out at 5%, and keep the Vault filled with +90% Air. LOL!
yep, they actually lend out on credit too. Fractional Reserve Banking is a bitch that bites the ass of the public.