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Thread: FDIC Finds Need to Market Advertisements Against Bank Runs

  1. #1

    FDIC Finds Need to Market Advertisements Against Bank Runs

    FDIC Finds Need to Market Advertisements Against Bank Runs

    In the video, Chairman Jelena McWilliams emphasizes that hoarding cash in mattresses “didn’t pan out well for so many people.” The video is intended to discourage a bank run. ...



    FDIC’s anti-bank run ad comes at a time when the Federal Reserve’s reserve requirement ratios dropped to zero in two days. On Mar. 15, the Fed announced:
    “the Board reduced reserve requirement ratios to zero percent effective March 26, 2020. This action eliminated reserve requirements for all depository institutions.” …

    In this time when financial institutions are scrambling for liquidity, it’s interesting that the FDIC released an ad that discourages people from withdrawing their money. …

    the FDIC has reserves to cover 2% default on deposits. …

    many see the video as a sign to immediately head to the banks. ...

    One pseudonymous account named ‘wash your hands’ said something very troubling. He replied that banks won’t allow him to withdraw over $3,000 of his own money. …
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.



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  3. #2
    When banks were failing en mass after Lehman bros, we were facing a systemic banking crisis and the FDIC was not equipped to handle it. Depositors didn't lose insured deposits, but taxpayers footed the bill for bailouts. Laws were changed since then. There won't be a bail out again if circumstances arise. Bail ins are now in play.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  4. #3
    Things are different than the Great Depression. We are nearly a cashless society. Only old folks runs to the bank to pull out cash.
    "Foreign aid is taking money from the poor people of a rich country, and giving it to the rich people of a poor country." - Ron Paul
    "Beware the Military-Industrial-Financial-Corporate-Internet-Media-Government Complex." - B4L update of General Dwight D. Eisenhower
    "Debt is the drug, Wall St. Banksters are the dealers, and politicians are the addicts." - B4L
    "Totally free immigration? I've never taken that position. I believe in national sovereignty." - Ron Paul
    They are what they hate.” - B4L


    The views and opinions expressed here are solely my own, and do not represent this forum or any other entities or persons.

  5. #4
    Quote Originally Posted by Brian4Liberty View Post
    ... Only old folks runs to the bank to pull out cash.
    Covid19 hasn't killed us all yet. There are still a lot of olds left in this country.
    I compiled a "brief" history of events since October 2008 that are defining the global currency war and the role that gold is playing:

    Tin Foil Hats, Economic Reality and the Total Perspective Vortex

    Also, have you contacted your Congressional Rep and asked them co-sponsor Ron Paul's Rep. Paul Broun Jr.'s HR 1098 77: Free Competition in Currencies Act?

  6. #5
    Makes me wonder if all the stay-at-home orders are only to provide legal justification for declaring any public gathering, like a mass protest, an 'unlawful assembly'. Most bank lobbies are closed.

    /tinfoil
    Last edited by devil21; 03-27-2020 at 07:22 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  7. #6
    Needed in safe deposit box yesterday, Teller wanted to know if it was an emergency. I laughed and said yes.

  8. #7
    For most, having money in a bank is a fools errand.

    FDIC is broke and many will find this out.
    “The nationalist not only does not disapprove of atrocities committed by his own side, but he has a remarkable capacity for not even hearing about them.” --George Orwell

    Quote Originally Posted by AuH20 View Post
    In terms of a full spectrum candidate, Rand is leaps and bounds above Trump. I'm not disputing that.
    Who else in public life has called for a pre-emptive strike on North Korea?--Donald Trump



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