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Time To Break Up Biggest Banks? FDIC Insurance Fund In Danger Of Bankruptcy And Failure In Case of Serious Economic Trouble

Forget about FDIC insurance. They have only $25 Billion to cover about $3 Trillion in cash deposits. In other words, the FDIC has only $1 for every $120 deposited in a bank – not nearly enough to deal with any kind of very serious financial crisis.

I know this all sounds a little bit crazy.

But don't forget a nightmare doomsday financial scenario already happened in Cyprus in early 2013.

All bank accounts and ATMs were frozen for two weeks. Bank customers couldn't touch their money.

Ultimately, many depositors lost more than 40% of their deposits when the Bank of Cyprus was shut down.

They have never gotten their money back – and they never will. It's long gone.

The same scenario seems to be playing out in Greece as of 2015, as people there are limited to only a small amount of cash per day, in the few banks that are open, and they have no other access to money. No money can be moved out of the country, and no one can close their account.

Stores are accepting only CASH, no credit cards or checks.


Stock and bond markets are now so rigged by computers and algorithms that they have gone crazy insane. No one even understands who is doing what or why. Computers now do things due to algorithms in micro seconds. At the end of the video above, the chart shows how crazy things are getting in the stock market as computers battle each other over minute profits that take only microseconds to generate.

Meanwhile, the average investor just loses money, much like going gambling in Vegas, where all of the odds are stacked against the average person, who loses no matter what they do.

There is a way out, as the articles below illustrate. There is no need to invent anything, as Iceland serves as a model for how to correct all of this huge mountain of debt being created in secret and hidden away from the public, but at the same time, are being charged for it.


We finthat only 737 top holders accumulate 80% of the control over the value of all TNCs (seealso the list of the top 50 holders in Tbl. S1 of SI Appendix, Sec. 8.3)....This means that network control is ch more unequally distributed than wealth. In particular, the top ranked actors hold a control en times bigger than what could be expected based on their wealth.


Cyprus/Spain Confiscating 6 - 99.9% of All Depositer's Savings; Is The USA Next? via @AGreenRoad

Banks Got A Bailout Total Of $29.6 Trillion Dollars; The Day Capitalism Died, For The Second Time

Iceland Bailed Out Workers And Unions, Not Too Big To Fail Banksters; via @AGreenRoad

Iceland Bailed Out People Instead Of Banksters; Is Now Doing Much Better Than EU, or US; via @AGreenRoad

A Successful, Peaceful Citizens Revolt And Revolution Happened In Iceland, Copy Their Model In Your Country!

Vulture Capitalism: A Love Story - Documentary, Dead Peasant Insurance, Movie Transcript and Review

Art And Science Of Deception; Global Corporations And The 1%


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Time To Break Up Biggest Banks? FDIC Insurance Fund In Danger Of Bankruptcy And Failure In Case of Serious Economic Trouble

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