At this point in time, the fiat currency is becoming somewhat akin to a Ponzi scheme, and if they introduce a governmental digital currency, its nothing more than an open opportunity to confiscate the money of every citizen.
You'll have nothing, and you won't be happy.
Near the end of her article she notes that the secured creditors get paid first.
Lowly unsecured deposits will be last. That’s us with a simple savings account or checking account. In major crash we will be the one SOL.
At this point we, the citizen, has little control of the events unfolding before us.
FDIC capitalization was $2 billion on 12/31/20. It is designed for a bank here, a bank there.
Systemic failures, FDIC is useless.
That is where we are headed.
Think of the bright side - not a single plug nickel will be “paid back” of the $31.6 Trillion in National Debt. No a thin dime.
“Problem is, will an FDIC bailout even be worth it?”
My view is that Congress must bail out the FDIC as needed.
They have no alternative.
No incumbent Congress-critter wants to be sitting there when the economy crashes and burns.
They will always choose kicking the can down the road.
That said—no currencies or economies last forever.
They all die eventually.
My view is that we are just not there—yet.