Posted on 01/11/2023 10:28:07 AM PST by bitt
President Joe Biden’s political capital is deteriorating with every negative balance sheet, which could affect whether he is another one-term president.
The Federal Deposit Insurance Corporation’s (FDIC) board of directors allegedly warned about the impending “financial crisis and their lack of faith in our banking system and how to keep the public from freaking out,” according to a popular Twitter account specializing in banking, claiming to have footage of a private November FDIC meeting.
In the two videos posted by WallStreetSilver, the FDIC warned that economic conditions in the U.S. will worsen to the point where there could be a “run on” banks to withdraw cash deposits.
The banks’ total-loss absorbing capacity (TLAC) should adapt to the economic needs of consumers, according to one of the supposed FDIC bankers. He felt “conflicted” on whether insured institutions should publically advertise the FDIC withdrawal guarantees because “you don’t want a huge run on the institutions.”
He believes the massive number of simultaneous withdraws “could be an early warning signal to the FDIC and the primary regulators,” which members of society understand “who’s going to be protected and who isn’t going to be protected” in the case of a U.S. economic crisis.
@WallStreetSilv
FDIC quote:
"You don't want a huge run on the institutions, and, and they're going to be".
Another major clip from the FDIC meeting showing this is going down, soon. They are expecting it.
From Nov 2022 meeting ...
Another alleged FDIC banker argued that although Americans have a right to know the U.S. is not in a good economic position, releasing the information would likely not reach Americans who don’t have a professional need to be informed.
The argument was well received by another alleged FDIC banker who said he “completely agree[s].”
(Excerpt) Read more at dailycaller.com ...
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Where are you going to put the money withdrawn?
But but but but but his SON DIED!! Why can’t you bE nice to him? His son dieD in Iraq, holding off 2500 Iraqi troops while rescuing orphans, extinguishing a village fire and marching with Martin Luther King. Not bad for the son of a Puerto Rican truck driver. So LEAVE HIM ALONE!! YOU ARE SO MEAN!!
“...according to one of the supposed FDIC bankers.”
Only one?
No name, no glory. This is a BS article, banks’ Tier One numbers and balance sheets are in good shape.
Well, I guess people better store them bitcoins in their mattress he he he he
Rules for dealing with banks:
1) Don’t have more than $250,000 in any one bank. (Yes, deposits can be structured for more coverage, but if the banks screw up the paperwork, it’s your loss, not theirs when things go bad).
2) Don’t have loans and money at the same bank. The reasons the bank wants you to do that is the reason you shouldn’t do that.
Rules for dealing with banks:
1) Don’t have more than $250,000 in any one bank. (Yes, deposits can be structured for more coverage, but if the banks screw up the paperwork, it’s your loss, not theirs when things go bad).
2) Don’t have loans and money at the same bank. The reasons the bank wants you to do that is the reason you shouldn’t do that.
Kabuki. Davis has lavished wealth and luxuries on bankers.
This is the banks soft pitch across home plate before they ESG collapse our western way of pursuing happiness by not being serfs.
He’s an Achilles Heel from head to toe
Maybe metals?
The article has no source and is complete BS. Banks are fine.
“Maybe metals?”
Gold and Silver both hit their last highs adjusted for inflation about 40 years ago. Don’t fall for that crap. The article is total BS and has no source.
Invest in brass and lead
Biden wishes it was the other son so so bad
Ping
Ping to self
“...according to one of the supposed FDIC bankers.”
Only one?
No name, no glory. This is a BS article, banks’ Tier One numbers and balance sheets are in good shape.
**************
I stopped reading at ‘WallStreetSilver.’
That site can kill your brain cells.
Silver, gold, bullets, food storage and as much cordwood as you have room for.
I wish I could buy and store 10 years worth of Natural Gas.
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