Don’t Worry: Here’s These Pieces of Paper In Exchange For Your Destroyed Life Savings
Bill Quick

US Deposits In Perspective: $25 Billion In Insurance, $9,283 Billion In Deposits; $297,514 Billion In Derivatives | Zero Hedge

Earlier today, the American Banking Association reminded Americans that there is absolutely nothing to worry about when it comes to the sanctity of US deposits: after all there is a whopping $25 billion in the FDIC insurance fund which means “insured depositors are safe and their deposits are protected by a strong FDIC fund….The FDIC insurance fund has over $25 billion in reserves and the banking industry

And the Feds can print whatever amount of worthless dollars may be needed otherwise.

Bill Quick

About Bill Quick

I am a small-l libertarian. My primary concern is to increase individual liberty as much as possible in the face of statist efforts to restrict it from both the right and the left. If I had to sum up my beliefs as concisely as possible, I would say, "Stay out of my wallet and my bedroom," "your liberty stops at my nose," and "don't tread on me." I will believe that things are taking a turn for the better in America when married gays are able to, and do, maintain large arsenals of automatic weapons, and tax collectors are, and do, not.

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Don’t Worry: Here’s These Pieces of Paper In Exchange For Your Destroyed Life Savings — 2 Comments