Insured Bank Deposits At Risk, America Burns While Obama GolfsYouTube
Mar. 19, 2013
1.Trump Rips Bill Kristol: "All The Guy Wants to do is Kill People and Go to War"
2.UK Home Secretary Theresa May Hails "Benefits" of Sharia Law
3.Migrants Thank 89-Yr-Old Austrian Man Who Gave Them Euros by Robbing Him
4.The Huffington Post Is What Happens When There's No Men In The Room
5.VIDEO: Telemundo Busted Staging Shot at Anti-Trump Protest
6.Is This The Most Fail Interview Of All Time?
7.VIDEO: Trump Mocks Journo Who Says Calling Elizabeth Warren "Pocahontas" is "Very Offensive"
8.Angry Birds Movie is Red-Pilled Anti-Immigration Propaganda
What happens in Cyprus doesn't necessarily stay in Cyprus. The media says it can't happen here but it can. If several major U.S. banks failed, trillions of deposits would be at risk, including hundreds of billions insured by the FDIC. However, the FDIC barely has any reserves to cover the potential losses. A bigger bailout than TARP would be required to bailout depositors. Where would the government get the money? If the Fed prints it, deposits would lose a much larger percentage of their value to inflation than Cyprus depositors are paying in deposit taxes!