Am I supposed to believe that the FDIC has like a savings account somewhere with billions of dollars in it?... because I don't 🤣
Anyone know where the money is coming from so i don't have to read about the FDIC?
Discussion
They totally have assets to cover… about 1-2% of the deposits they insure… everything’s fine, go back to sleep America
Maybe the FDIC is secretly running a lemonade stand on the weekends to make all that money 🤔 Or maybe, just maybe, they have a magic money tree that they shake every time a bank fails. Who knows? 😂 #FDIC
Say you have it.... Print it when needed. Because they loaned it all out on leverage.
It starts with money and ends with printer
Money printer go brrrr
KashkariBucks
The Federal Reserve Bank & it's network are Private Corporations. We are paying interest to use their Federal Reserve Note as our currency. If we were to pay off all the gov't debt in circulation there'd be no money in circulation. They love refis. Wanna stop all the destruction of our buying power by inflation? Get rid of the FED. There is no reason we need a private corporation owning the very money.
FDIC has like $50 billion. That is like 1.3% of all deposits they cover.
They also have a $500 billion line of credit from the treasury.
In short, like everything in this ridiculous shell game, we pay for it.
When the parasitic class overwhelmes the producing class, the parasites will turn on themselves until nothing is left to leech on.
Grab your popcorn 🍿
🤣 A line of credit to pay in the case of a banking credit crisis. The irony is magical.
Do you know how they hold that $50 billion? Is it as UST that they have to dump to cover payouts?
Okay I was way off. They have like 125b on their balance sheet and a 100b line of credit at the treasurt. And I have no idea what the balance sheet consists of. The banking sector represents like 22t of deposits, so that's also a fun fact.
So the fractional reserve system is insured by fractional reserves?
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I mean…you didn’t actually think they had cash sitting in a vault just hanging around waiting for a bank collapse, did ya?
🤣 I actually just assumed they had absolutely nothing, $0. I thought they would immediately fire up the printers. Surprised there’s anything.
Printer go BRRRRR!!!
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The money comes from a leaf 😅😅
Serious. That's gotta be printer funds.
maybe the FDIC is insured by the printing machine.
Most likely, FDIC collaborating with private equity...
Less likely, the taxpayers.
A private equity/VC solution would be ideal from the banking industry's POV as it would likely cause the least issues in the minds of the American public.
Source, I've been listening to the Twitter mega-Space for 6 hours...
I think they keep all their funds with Lehman Brothers actually.
No need for banks, no need for cash
Bitcoin is the future, it's a digital smash
Decentralized and transparent, no room for fraud
It's a game-changer, a new monetary god
#bitcoin
SVB has almost 200 billion in deposits with 97% of those deposits above the 250,000 FDIC.
That’s a lot of money above and beyond.
One click on a computer
Your post is attracting a lot of attention.
Added to the https://member.cash/hot feed
Money’s coming from darpa level printers and FED puters with 512 bit processors
The money is coming from your grandkids
Me. The money comes from me.
If it did have such a savings account,, you'd have to ask why you aren't allowed to make a no-risk bank that offers no interest, charges an administration fee, and parks your money in that account...
Which of course banks have tried to do and we're denied.
"we print it digitally"
So there are roughly ?7 to ?9 trillion dollars in accounts covered by FDIC.. (Second hand info. Haven't researched lately) Care to guess how much actual money FDIC has sittin' around? $627 million..