The year is 2021, yet it is very reminiscent of 1873, back when Walter Bagehot wrote in his book, Lombard Street, that London's financial system was the most extraordinary combination of economic power and delicacy that the world had ever seen. Ten years prior to writing his book, Overend, Gurney, and Co, a firm known as the banker's bank lost its entire capital within a matter of six years, showing how fragile a system that relies on “long-established credit” can be. Within twenty years, the four great London Joint Stock Banks' liabilities had grown by a multiple of six while the Bank of England's private deposits had only increased by a factor of two. He foresaw a reckoning where panic in the market could create a situation where a run on the Bank of England would cause insolvency, despite being the “Lender of Last Resort.” Bagehot put forth mechanisms and a system that creates a strong foundation to base the financial markets. His solution's core pillar included a “Reserve Bank” that would lend based on strict collateral requirements, a fundamental piece to the Onomy Reserve (ORES).