๐ฅMeet our Ambassadors:
๐นAdam (@adamtj_xyz) - A former UF grant recipient with a passion for mentoring in Web3.
๐นRitzy (@RitzyDefi) - a seasoned and expert community member.
๐นAiden (@aiden0x4) - extensive crypto experience and deeply ingrained in the Uniswap community.
The majority of the world uses a fractional reserve banking system, and in some way or another has a federal reserve system.
In short we're all fucked, and eventually will be at the mercy of private industry, as the FED is not owned by the government.
1. The federal reserve, and fractional reserve banking eventually will ruin the whole economy.
Imagine a world where there is 0 dollars.
The banks borrow 1 million, from the Fed at a 3% interest rate. At this point the banks owe more money than is in existence.