Bank Bail-In Laws & Fed Repo Loan RAMP 2020 Weekly Bullion deals 🔥 our free bullion guide by email right now - SHOW NOTEs link coming soon here. Given this week’s newsworthy precious metals related events, we think a friendly public service reminder is merited about current Bank Bail-In Laws of the USA and other G20 nations/unions.
Most people are too busy with their day to day lives to know about the real G20 Bank Bail-In threat to their savings. These supranational financial laws have been on the books for now roughly 5 years of time, established in late 2014. Additional Bank Bail-In info:
And here more:
Under current Bank Bail-In supranational laws in the USA and G20, mega-bank derivative bet winners also know as first in line secured creditors, stand to first inherit the assets of any large potentially failing derivative betting mega-bank. According to these Bank Bail-in Laws, to the winning derivative betters first, go the spoils and leftovers.
Those who had unsecured deposits with a potentially failed global systematically important bank or G-SIB.
Well, let’s have a look at the FDIC’s latest updates to garner a better understanding of what is happening there.
In the USA, like virtually all national bank deposit insurance schemes, we are too running a confidence game against potential future bank runs.
Current FDIC bank deposit insurance promises up to $250,000 per depositor, per FDIC-insured bank, per ownership category.
For viewer convenience, here is a basic category-by-category overview of FDIC deposit insurance coverage from their website.
In terms of the FDIC’s latest balance sheet through the middle of this year 2019. They have just over $100 billion saved to insure about $7.5 trillion leaving just over $5 trillion of US domestic deposits which are likely over the $250,000 threshold, uninsured.
It is unlikely that your local bank or savings thrift is the big national issue. It is more about the derivative betting mega-banks and the growing illusion of competition within our crony capitalistic banking system, that deserves a further flush out here.
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#BankBailIn #FedRepoLoan #BankFailures
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