The web likes to say all accounts are insured by FDIC. But here’s the rub. There’s not enough $ in FDIC to protect a big global bank going down and second the plan is to give the poor shafted account holders shares in the bank (the failing bank) which will then be the account holders responsibility to hold or liquidate. By giving shares the FDIC won’t even be on the hook. For you have been given shares in recompense for your account - see the twisted planning? So big global banks have continued on their derivative gambling spree. There is some 400 trillion estimated in play. It’s not a big leap to see something going wrong. As it stands right now, accounts could be raided on an overnight sweep to keep the too big to fail bank solvent. I think Trump signing an EO would put this mess squarely back where it belongs in the Democrats lap. They would have to appease their global bank backers. But in reversing Trumps EO will expose themselves as being for banks against the little guy and hopefully it will get some exposure and wake more Americans up to the risk. It could help fuel the rise of more independent small local banks free from derivative risks. Trump would be adding a notch in his role as caring for the American Citizen’s welfare over the Democrats who will be seen as being in big banks pocket.
Might want to grab some cash today.
The web likes to say all accounts are insured by FDIC. But here’s the rub. There’s not enough $ in FDIC to protect a big global bank going down and second the plan is to give the poor shafted account holders shares in the bank (the failing bank) which will then be the account holders responsibility to hold or liquidate. By giving shares the FDIC won’t even be on the hook. For you have been given shares in recompense for your account - see the twisted planning? So big global banks have continued on their derivative gambling spree. There is some 400 trillion estimated in play. It’s not a big leap to see something going wrong. As it stands right now, accounts could be raided on an overnight sweep to keep the too big to fail bank solvent. I think Trump signing an EO would put this mess squarely back where it belongs in the Democrats lap. They would have to appease their global bank backers. But in reversing Trumps EO will expose themselves as being for banks against the little guy and hopefully it will get some exposure and wake more Americans up to the risk. It could help fuel the rise of more independent small local banks free from derivative risks. Trump would be adding a notch in his role as caring for the American Citizen’s welfare over the Democrats who will be seen as being in big banks pocket.