This is coming to a bank near everyone someday.
At first there will be delays and hopefully they will be able to get printed cash to fill the demand for deposits of their customers.
Get ready everyone.
Not likely to happen in the US with FDIC insuring peoples accounts...The government would just print the money and cover the shortages....Whether its the bank creating money or the government creating money it doesn't matter, they are all intertwined and in cahoots with each other to keep their 'fractional reserve' banking scam alive and kicking...
The FDIC has 50 billion dollars - probably in the form of bank deposits. It's a joke. The implicit guarantee from the government is what you have to rely on.
Yes FDIC is sufficient when a small local bank out in the wilderness goes bust. That's exactly what I said.
Again, this is what I said. What it is supposed to be, is not the same as what it is.
... and maybe they will print as much as everyone wants but its worthless paper in the end.
