I’ve been following and learning of this issue over the last year.
I don’t recall the exact percentages on where the banking risks are at, but will try to pull them up from bookmarks. But I do believe at the time of deep states choosing they will pull the trigger and this orchestrated crash will go into effect.
For now, anyone ever hear of a “bail-in”?
After the crash in ‘08-09 new legislation was written regarding bail outs. Instead of tax payers bailing out “too big to fail” banks, under (Ibelieve it was the Frank-Dodd legislation) the depositors will now bail out the too big to fail banking institutions.
The fdic now insures depositors up to 250k. So let’s say an individual has 500k in a single deposit savings account. In the event of bank runs, and the fdic kicks in, the depositors (may get his/her insured funds) and the remaining 250k will be basically given in the form of bank shares of a failed bank.
Bail-In: Definition and Role in a Financial Crisis
https://www.investopedia.com/terms/b/bailin.asp
Why Bank Bail-Ins Are the New Bailouts
Food for thought, it’s not only our banks that have a fraction of cash reserves on hand, but the fdic is only presently funded less than 2% of what they are insured to cover.
I have read the Dodd Frank act of 2010 allows “ bail ins”, and the $250,000 FDIC insurance has “ up to three years” to cover the failed banks losses OR until “ orderly liquidation “ can occur.
Can anyone confirm? Reading through the Dodd Frank act is an impossibility.