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. One FDIC member noted that while institutions will soon be able to figure out the dire implications of a financial collapse, the general public should not, because that would lead to “unintended consequences.” The FDIC insures $9 TRILLION of bank deposits with only $125 billion worth of assets. The FDIC cannot insure everybody in a crisis when many people want to withdraw their money all at once. A critic on Twitter wrote: ‘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.” The article concludes that Federal Reserve-orchestrated bail-outs – and more inflation – are inevitable if there is a market crash.
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.
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.
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) 🚨
“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.
“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.
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Zorro
2 months ago
Bernie Madoff on steroids.
gina
2 months ago
On the one hand I’d like to place money in a bank that doesn’t gamble with depositors funds, and that will likely be a small bank. On the other the FDIC will probably prioritize the larger banks. So half of the funds in each?
Last edited 2 months ago by gina
steveww48
2 months ago
I think these criminals need to be removed by any means possible. This is going to be an incredible upheaval of public trust and violent reactions are sure to occur in my opinion
People should exodus from the Babylonian banking system and start entering into reciprocity using the Continental Dollar not associated with the Bank of England, as that is the real bank for all countries in debt, such as the U.S. corporation.
Debt based system, everything runs on IOU’s. This works great until people default and all the dominos fall.
William Marcus
2 months ago
This clip shows us their true nature. The are using opinion and lies to justify helping their Institutional friends and letting them know about what is likely to happen financially, and hiding as much as they can from the ignorance they have propagated in the general public. THEY WILL CONTINUE TO KICK THE CAN DOWN THE ROAD AS LONG AS THEY CAN TO HELP THEIR FRIENDS PREPARE, and when they cannot kick that can anymore most of us will be clobbered. I do not know exactly when they will not be able to deceive the public any more, but I… Read more »
(..I should have read all of your most extensive, excellent reply before echoing a portion)
Jimbo
2 months ago
Either they will severely limit the amount and frequency of depositors’ access to funds, or they will try to leverage the situation by auto-deposit stimulus of CBDC “fed-coins” for the illusion of relief?
together_we_stand
2 months ago
Henry Ford : “I’m afraid if the average American truly understood the banking system, there would be Revolution by Morning”.
Red
1 month ago
I’ll be using the old-fashioned method, my mattress!
Bernie Madoff on steroids.
On the one hand I’d like to place money in a bank that doesn’t gamble with depositors funds, and that will likely be a small bank. On the other the FDIC will probably prioritize the larger banks. So half of the funds in each?
I think these criminals need to be removed by any means possible. This is going to be an incredible upheaval of public trust and violent reactions are sure to occur in my opinion
As they should.
People should exodus from the Babylonian banking system and start entering into reciprocity using the Continental Dollar not associated with the Bank of England, as that is the real bank for all countries in debt, such as the U.S. corporation.
A Modern Jubilee to Prevent the Enslavement of Humanity https://markgresham.substack.com/p/a-modern-jubilee-to-prevent-the-enslavement
Debt based system, everything runs on IOU’s. This works great until people default and all the dominos fall.
This clip shows us their true nature. The are using opinion and lies to justify helping their Institutional friends and letting them know about what is likely to happen financially, and hiding as much as they can from the ignorance they have propagated in the general public. THEY WILL CONTINUE TO KICK THE CAN DOWN THE ROAD AS LONG AS THEY CAN TO HELP THEIR FRIENDS PREPARE, and when they cannot kick that can anymore most of us will be clobbered. I do not know exactly when they will not be able to deceive the public any more, but I… Read more »
(..I should have read all of your most extensive, excellent reply before echoing a portion)
Either they will severely limit the amount and frequency of depositors’ access to funds, or they will try to leverage the situation by auto-deposit stimulus of CBDC “fed-coins” for the illusion of relief?
Henry Ford : “I’m afraid if the average American truly understood the banking system, there would be Revolution by Morning”.
I’ll be using the old-fashioned method, my mattress!