There are reports that the FDIC might try to insure all bank deposits.
The FDIC and Fed are going to insure all deposits.
They don't even remotely have enough cash to do that.Oh yeah, Debt Ceiling, $3 trillion annual deficits and a deep recession.
None of us own enough #gold and #silver for what is coming. pic.twitter.com/Z7Y6WazNiq
— Wall Street Silver (@WallStreetSilv) May 4, 2023
This is obviously an insane plan. If they were to do this, they would have to create this money into existence on their magic money machines which would cause more inflation.
There is no way out of this mess. It doesn’t matter what they do. They are probably going to try and use this disaster to consolidate the banks and move everybody onto some type of digital currency that will track and trace everything you do.
There is zero guarantee that this plan will work and you have a bunch of very stupid and incompetent people running the show in Washington DC. I would not expect them to be able to manage such a complicated transition.
Just protect yourself and make sure you have assets outside of this crumbling system. There is no way to 100 percent predict how all of this is going to unfold.
