If the FDIC starts reneging on it's promise to insure deposits then all hell breaks lose.
As for real assets, their nominal value can theoretically fall by a factor of 10, if nothing is done about this. Because 90% of the world's money supply can just disappear.
This is why I'm wondering whether to retire debt or keep cash. The cash will decrease in value at the same rate as the real property.
But a better solution would be for everyone to realize the seriousness of the problem, stop playing the blame games and stop trashing bankers and finance, and then let the Fed save the banking system.
Oh come on, their hands are dirtier than the politicians. I don't expect the politicians to have any common sense. Bankers should have been smart enough to see that giving out loans with no money down to people with little or no credit would be a problem.
If the money supply shrinks by 90%, your cash will become much more valuable.