the bank ultimately has close to none of its book balances in their vault.
It's all a game held together with bullets and missiles and threats of nuclear annihilation. And they intimidate anyone innovating a new and better solution with "legal" action.
The non-federal depleted reserve is (we are expected to believe) the only "legal" option, as the non-promissory notes say "legal tender for all debts", even though it's not LAWFUL money at all. FED notes were always suppose to be exchangeable for a LAWFUL money... meaning the FED notes themselves are not LAWFUL money.
The contract used to read:
Legal tender is a form of money that courts of law are required to recognize as satisfactory payment for any monetary debt.
Once FED notes became unredeemable for LAWFUL money, FED notes are worthless, except by legal intimidation, bullets and the full strength of the US military forces.
Yup!