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Now Bank Bailouts - What is Next
Posted on 3/14/23 at 8:37 am
Posted on 3/14/23 at 8:37 am
I am amazed that the Federal Government can do anything they want despite laws and regulations.
Deposits are only protected to $250,000. Yet the Government is using FDIC Money (which is fake money as the Government doesn't have any actual surplus money) to pay hundreds of millions to SVB depositors.
This will have the net effect of printing more fake money and increasing the debt and increasing inflation (taxing the poor). (Also not being able to pay "me" my $250,000 when my bank folds.
This Government keeps avoiding a complete meltdown of Wall Street at every turn.
Everything is being held up with smoke/mirrors and thread. (Ukraine, Border Illegals, Inflation, Bank Bailouts, No Debt Ceiling, Socialist Agendas etc.)
Just wondering when the seam finally breaks.
Deposits are only protected to $250,000. Yet the Government is using FDIC Money (which is fake money as the Government doesn't have any actual surplus money) to pay hundreds of millions to SVB depositors.
This will have the net effect of printing more fake money and increasing the debt and increasing inflation (taxing the poor). (Also not being able to pay "me" my $250,000 when my bank folds.
This Government keeps avoiding a complete meltdown of Wall Street at every turn.
Everything is being held up with smoke/mirrors and thread. (Ukraine, Border Illegals, Inflation, Bank Bailouts, No Debt Ceiling, Socialist Agendas etc.)
Just wondering when the seam finally breaks.
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