- SD Bullion
SHOW NOTEs here – https://sdbullion.com/blog/bank-bail-… – 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 now on the books for 5 years running. Most people are too busy with their day to day lives to know about the real G20 Bank Bail-In threat to their potential big bank saving$. These supranational financial laws have been on the books established in late 2014. Additional Bank Bail-In info: https://SDBullion.com/legalized-bank-…
And here more Bank BailIn info too: https://SDBullion.com/blog/new-financ…
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.