The FDIC is broke. No, I am not kidding. Look at their website where they show you exactly how much money they have. The deposit insurance fund balance is about $125 billion. That puts their reserve ratio at only 1.26%. That is right, 1.26% is the ratio of how much money the FDIC has versus all the bank accounts that they would need to bail out should they need to do so. About $125 billion means they do not even have enough to bail out Silicon Valley Bank. But as we know, Silicon Valley Bank just got bailed out. So where is the money coming from? And according to the White House and everybody talking about this, it will not cost the taxpayer a dime. So how are depositors at these failed banks getting a free lunch? Well, shocker, they are not. Timecodes 0:00 Video Introduction 1:06 Bank Term Funding Program by Federal Reserve 1:41 Working of the Bank Term Funding Program 3:18 Banks’ Position in Today’s Market 4:51 Short-Term Borrowing Agreement and Collateral Value 6:17 Role of Federal Reserve in Collateral Valuation 7:15 Loan Procedure under Bank Term Funding Program My Courses: Get UNLIMITED Access to ALL my Courses: NEW Options Mastery Course (includes 1-on-1 Coaching Session with Joe) My Recommended Affiliate Partners: Monetary Metals Vaulted OneGold (Code Heresy1x) iTrustCapital (Get $100 of BTC) Swan Bitcoin (Get $10 of BTC) Ledger TradingView M1 Finance GroundFloor Fundrise All my socials are @HeresyFinancial Twitter: Insta: TikTok: Reddit: Rumble: I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial. #FDIC #BailoutMoney #Recession...(read more)
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The bank bailouts of 2008 and 2009 are still fresh in the minds of many Americans. The government agreed to bail out large banks with taxpayer money, a decision that sparked controversy and debate. The question that remains on many people's minds is, who is really paying for the bank bailouts? At the time of the bailouts, the government argued that rescuing the banks was vital to helping the overall economy. The banks played a critical role in the financial system, providing loans and access to credit for ordinary citizens and businesses. However, the public felt that the banks should have been held accountable for their poor decisions and mismanagement, rather than receiving a financial lifeline. In reality, the government did use taxpayer money to assist in the bailout of the banks. The Troubled Asset Relief Program (TARP) was established by the government to provide financial assistance to banks in need. The program was funded using taxpayer dollars, which were injected directly into the banks. However, the banks themselves also contributed to the bailout funds. They paid back billions of dollars to the government in the years following the bailout. Additionally, the government acquired equity shares in the banks, which it later sold for a profit, returning money to taxpayers. It's important to note that the bank bailouts did have a wider impact on society. Taxpayer dollars were used to support the banks, while other essential programs and services suffered funding cuts. This was a significant issue for many citizens, who felt that the government was prioritizing the interests of large banks over the needs of ordinary people. Another point to consider is that the bank bailouts did not necessarily produce the desired results. While they may have prevented a total collapse of the financial system, there is little evidence to suggest that they led to any meaningful structural changes within the banking sector. The same big banks that were bailed out in 2008 remain dominant in the industry today. In conclusion, it's clear that taxpayers did contribute to the bank bailouts. However, the banks themselves also made substantial contributions to the funding. Furthermore, the impact of the bailouts on society as a whole is a complex issue that requires further examination. For many Americans, the bank bailouts were a stark reminder of the unique relationship between the government and the banking industry, and the need for greater accountability and transparency in the financial sector. https://inflationprotection.org/who-is-actually-covering-the-cost-of-the-bank-bailouts/?feed_id=91274&_unique_id=6447c701915e1 #Inflation #Retirement #GoldIRA #Wealth #Investing #bailoutmoney #broke #brown #comingfrom #fdic #heresyfinancial #is #joseph #money #thebailout #where #BankFailures #bailoutmoney #broke #brown #comingfrom #fdic #heresyfinancial #is #joseph #money #thebailout #where
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