ClaimsRay Kurzweil

“The reserves that banks and financial institutions maintain with the Federal Reserve System are less than $50 billion, which is only 0.6% of the GDP, and 0.25% of the liquidity available in stocks.”

Ray Kurzweil, essay author 2001 The Law of Accelerating Returns (Kurzweil Library) archived copy

Factual Economics and markets

Reserves that banks and financial institutions maintain with the Federal Reserve System are under $50 billion, about 0.6% of GDP and 0.25% of liquidity available in stocks.

Not researched Checkable, but outside the sample that was researched.

Factual: Statements about the present or the past, checked against the record: did they hold up?

Cite this claim

Ray Kurzweil, “Reserves that banks and financial institutions maintain with the Federal Reserve System are under $50 billion, about 0.6% of GDP and 0.25% of liquidity available in stocks.” (said 2001). Verdict: not researched. Reliability API, claim c_00d899d8a014, method 0.1.0+28da144b, dataset release v1.1.2. https://epistacklabs.com/claims/c_00d899d8a014

This claim is in dataset release v1.1.2, with the same verdict.

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  5. Resolved false Factual January 2001
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All of them

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