My response, with that sentence above, was meant to reflect if more & more banks start falling into insolvency. The only way FDIC could possibly meet the insurance obligation is for more money to be printed. As more money is printed to pay the insurance obligation, it devalues the worth.
Thus, 250,000 would be nothing more than a hollow representation of its self, a.k.a. worthless.
My view is that Congress must bail out the FDIC as needed.
Well, Congress need not do anything. FDIC must & will payout the insurance. If they do not have the money within FDIC, then that becomes a much different issue, for it raises the awareness that we have a society built upon a sandy foundation, which will have drastic consequences around the world.
“it raises the awareness that we have a society built upon a sandy foundation, which will have drastic consequences around the world.”
I promise you that there is not one sophisticated investor on the planet that does not already know “we have a society built upon a sandy foundation”.
They don’t believe the lies—they never have.
Yes, but out of epic failure of fiat currency comes a brighter day.
NESARA/GESARA.