• FelixCress@lemmy.world
    link
    fedilink
    arrow-up
    6
    ·
    3 months ago

    We supposedly have $250k, but the FDIC has 1% of the money they say they cover. A very few big banks or many small banks fail and the FDIC is broke

    Tell me you don’t have a clue without telling me.

    • shortwavesurfer@lemmy.zip
      link
      fedilink
      arrow-up
      1
      arrow-down
      1
      ·
      3 months ago

      Obviously they can print it and give everybody their 250,000 back or whatever and if they do such then we will have hyperinflation like nobody’s business and the 250k you get back will be not worth the paper it’s printed on so to speak it won’t be worth shit