Easy Money
Federal Deposit Insurance Corporation (FDIC) officials recently discussed how to deal with the next approaching market collapse and hide alarming data from depositors to prevent bank runs, video of a meeting shows.
- November 2022 meeting shows financial regulators plot how to hide alarming market signals from depositors to prevent a bank-run panic.
- “The bankers don’t trust the banks.”
The FDIC’s Systemic Resolution Advisory Committee (SRAC) held a meeting in November to discuss how the next market crash would occur and what steps would need to be taken to ensure not everybody tries pulling their money out of the financial system at the same time.
“You’ve got to think of the unintended consequences of taking a public that has more full faith and confidence in the banking system than maybe the people in this room do,” one FDIC member noted.
They don’t want the public to see this video.
The bankers don’t trust the banks.
(Nov 2022)They’re talking about financial crisis and their lack of faith in our banking system and how to keep the public from freaking out (Federal Deposit Insurance Corporation)
— Wall Street Silver (@WallStreetSilv) December 29, 2022
“We want them to have the full faith and confidence in the banking system. They know FDIC insurance is there. They know what works. They put their money in, they’re going to get their money out.”
He claimed that although institutions will soon be able to figure out the dire implications of what’s being discussed at the meeting, the general public should not, because that would lead to “unintended consequences.”
“I would be careful about the unintended consequences of starting to blast too much of this out in the general public,” he said.
In a fitting description of fractional reserve banking, another SRAC member lamented that although institutions don’t want to see a “huge run” on their deposits, they likely will soon, which will bring about the need to impose bail-ins.
“People need to understand they can get bailed in, but you don’t want a huge run on the institutions. But there are going to be. And it could be an early warning signal to the FDIC and primary regulators when these things happen,” he said.
FDIC quote:
“You don’t want a huge run on the institutions, and, and they’re going to be”.
Another major clip from the FDIC meeting showing this is going down, soon. They are expecting it.
From Nov 2022 meeting …
— Wall Street Silver (@WallStreetSilv) December 29, 2022
Unlike bail-outs, which involve a third party like taxpayers and governments rescuing failed financial institutions, bail-ins are a mechanism in which creditors of a failing financial institution are required to cancel some of its debts as part of a plan to save it from collapse.
One FDIC member claimed this economic “period of peacetime” will soon “flip faster than we saw in 2008.”
“I do think it’s hard to get a lot of demand for transparency right now, in this sort of period of peacetime, but that is going to flip and it’s going to flip faster than we saw in 2008,” he said.
FDIC saying “I do think it’s hard to get a lot of demand for transparency right now, in this sort of period of peacetime, but that is going to flip and it’s going to flip faster than we saw in 2008.”
Saying it plain and simple:
This is way worse than 2008.— Wall Street Silver (@WallStreetSilv) December 30, 2022
Because of that, he said, it’s necessary for financial institutions to quickly leverage “the social media world” with curated talking points to combat “disinformation” and “avoid rumors taking over the narrative.”
Keep in mind, the FDIC insures $9 TRILLION of bank deposits with only $125 billion worth of assets.
In other words, only 1.3% of its holdings are in reserve.
It can’t possibly insure everybody, especially in a crisis when many people want to withdraw their money all at once.
Therefore, Federal Reserve-orchestrated bail-outs – and thus more inflation – are inevitable should a market crash come to pass.
If this goes down during 2023 … we can expect the mother of all Fed QE … $5 trillion instantly on the balance sheet expansion to bailout the banking system and massive amounts of Congressional stimulus and bailouts.
— Wall Street Silver (@WallStreetSilv) December 29, 2022
Watch the full FDIC meeting:
The Most Revolutionary Act 
Gee, whatta we gonna do? I don’t know, whatta ya want to do? They’d best get ready to stick their heads between their legs and kiss their asses goodbye! Or head for the hills while they can.
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Pingback: FDIC Bankers Discuss ‘Bail-Ins’ To Deal With Approaching Market Collapse — The Most Revolutionary Act | J & J Ranch, Stone Mtn, GA
What we’re doing here in New Plymouth is setting up our own food, skills, and health care networks neighborhood by neighborhood. The current system is on its last legs and we need to prepare to look after ourselves and each other.
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Reblogged this on Calculus of Decay .
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