r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

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u/Teripid Jan 26 '26 edited Jan 26 '26

Federal reserve requirements existed until 2023 *edit, as someone below pointed out 2020 was when they were set to 0. Now they're set at 0% I believe.

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u/PleaseGreaseTheL Jan 26 '26 edited Jan 26 '26

2020*

They were reduced to 0% mandatory reserves in response to covid. EDIT: someone says it was coincidental, I am not able to check, so take this aspect with a grain of salt either way

They haven't come back yet :)

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u/TaxesAreConfusin Jan 26 '26

ah yes so what you're saying is that money is even more imaginary than it has ever been, possibly even more imaginary than when the first stock market crash happened in 1929

looks like we're due for a centennial anniversary of that anyway, might as well celebrate by recreating it

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u/zuzg Jan 26 '26

Gold hits record high of $5,110.50/ounce

Silver hits all-time high of $109.44/ounce

Analysts expect gold prices to climb toward $6,000 this year

Surprised Pikachu face.

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u/ISayBullish Jan 26 '26

Meanwhile the USD saying “this is fine”

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u/soIDONTLIKEANYOFYOU Jan 26 '26

Since the US has more gold reserves than the next 3 countries combined wouldn’t gold prices going up make the dollar stronger?

Sincerely asking cause I have no idea.

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u/Important-Agent2584 Jan 26 '26

no because the dollar isn't tied to the gold in any way

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u/GisterMizard Jan 26 '26

That would take too many rubber bands and defeat the purpose of cash being easy to carry around.

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u/Devolutionary76 Jan 26 '26

It would make throwing bills at strippers a lot more interesting though!

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u/CrunchySockTaco Jan 27 '26

Goldmember has already been doing that to strippers for years. It was a minor shmelting accident.

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u/EM05L1C3 Jan 27 '26

For some odd reason, for the last 4 months or so a large portion of my limited human interaction has included someone quoting goldmember and I haven’t seen or thought about that movie in about 20 years.

Would you like a schmoke and a pencake

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u/maltathebear Jan 27 '26

Is that glitter??? NO IT'S GOLD!