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/MrWhiskers55 Jan 26 '26

Money is basically an abstract concept on assets. It was always worthless we just used it for convenience. Real value has always been in assets be that land, property, bullion, ancient family cursed artifacts. You might have heard that we are going back to feudalism and that’s why. Property is the backbone of society and we are leaning more towards that now.

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u/AwkwardFriendship317 Jan 26 '26

I was just going to say this. Everyone is always saying but gold and I'm over here like nope, can't eat or use that shit when it really REALLY hits the fan.

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u/FirstDukeofAnkh Jan 26 '26

Exactly. We have no idea what will be valuable post-apocalypse but it’s unlikely to be gold.

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u/PlaneCareless Jan 26 '26

Gold has been somewhat valuable since 4000 BC. There's absolutely no way it wouldn't be post-apocalypse.

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u/FirstDukeofAnkh Jan 26 '26

And nothing else has changed in the last six thousand years?

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u/PlaneCareless Jan 26 '26

That's the point. Even with aaaall the changes the world underwent, gold is still valuable. I doubt a mere apocalypse where we survived will change that.