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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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US Bank Run Imminent as FDIC Expanded Deposit Insurance Ends Dec 31st
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Poster Handle
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Anonymous Coward |
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Post Content
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With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013. As of January 2013 the FDIC stops offering 100% coverage for all insured deposits. That amounts to $1.6 trillion in deposits, 85-90% deposited with the TBTF mega banks. Once the insurance ramps back to $250,000 the FDIC risk amelioration offered to large depositors will cause them to flee from the insecurity of the much reduced FDIC coverage. This money will rotate immediately into short term Treasury securities. The treasury, in order to handle this flood of money, will immediately offer negative interest rates. This financing will resemble the .5% negative interest rate offered by the Swiss and Germans on the funds flooding to their banks from Spain, Greece and Italy. This will be a bank run much larger than the Euro banks flight to safety. [ link to www.silverdoctors.com] my god! The House of Rothschild is actually going to charge 5% for depositors to keep their money in his Satanic banks ("the .5% negative interest rate"). This will show even the rich are  if they do this instead of putting it under their own mattresses, or at least buying gold (gold even has health properties: wearing it prevents arthritis): To have gold is to join in Father's society, not Satan's, but to leave Satan's society: "The silver is mine, and the gold is mine, saith the LORD of hosts.? I need a gold-spun, full-length dress for my arthritis. Where can i get one?- and soft shoes to match . . . also a full sheet, gold-spun, for my bed.
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