$18 trillion in deposits, only $125 billion in the deposit insurance fund..
This is Wells Fargo, I believe.
I don't know if he's right but he's putting forth his ideas which seem logical to me,
https://twitter.com/randautomation/status/1637662011982073859
I'm pretty sure I wrote about the guy I know who had an (unused) credit line for his business. He never asked for it and didn't need it. This was about a year ago, by the way.
So his business is healthy and he has the untouched credit available and then the bank revokes it. No chance to his status at all. In fact, his business has grown. He does need the credit so he thinks nothing of it. A few days later, they cancel all his credit cards!
Yes. Because they were counting this line of credit in his score?
A year later, look at this. This guy proves his statement in the comments.
Bankruptcies are up 45%.
Looks like differential tax rates based an race and demographics, incoming.
page 78 of the US Treasury action plan
Digital currency. July?
This is so worrisome, but most people seem oblivious. My (small, old, independent) bank says, "don't worry." Pundits say, "buy gold and silver and emergency food." Does anyone or any nation have a viable plan of resistance?
@warped no nation has a viable plan that I am aware of. I think it's a lockstep thing.
It's possible it's not that simple, but odds are it is that simple.