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@ Marakesh 𓅦
2025-05-02 20:02:19
"FDIC insurance covers about $11 trillion of deposits, but the institution has assets of only $137 billion. That’s about one cent on the dollar. I’ll be surprised if the FDIC doesn’t go bust and need to be recapitalized by the government. That money—many billions—will likely be created out of thin air by selling Treasury debt to the Fed." –Doug Casey
https://internationalman.com/articles/unsound-banking-why-most-of-the-worlds-banks-are-headed-for-collapse/#:~:text=FDIC%20insurance%20covers,to%20the%20Fed.
The U.S. #GovtIsTheProblem